On August 19, Equinox Gold Corp. rose 5.01% in pre-market trading, trading at $12.0/share, with turnover of $607,900.

The movement was driven by the announcement that the US Bureau of Land Management issued a positive Record of Decision for the company's South Railroad project in Nevada. This critical federal permit clears the path for development, with early works construction already commenced and applications for key state permits and water rights submitted.

According to the company's feasibility study, the open-pit heap leach project is expected to produce an average of 130,000 ounces of gold annually during its first five years and more than 100,000 ounces annually over its initial 10-year mine life. Initial capital costs are estimated at $395 million, with first gold production targeted for 2028. The broader gold sector also traded higher, with Deutsche Bank noting that gold's fifth \"explosive\" rally phase remains intact, supported by central bank purchases and ETF inflows, while spot gold holds above $4,400/oz.

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