Equinox (EQX) Climbs 4.57% on Gold, Silver Surge

Equinox Gold Corp. (NYSEAmerican:EQX) is one of the 10 Stocks Investors Are Tracking Now.

Equinox grew its share prices by 4.57 percent on Friday to close at $12.58 apiece, as investors gobbled up shares in mining companies following the surge in prices of precious metals.

The stock climbed alongside its counterparts, namely Hecla Mining, IAMGOLD Corp., Coeur Mining, and First Majestic Silver, among others, as investors bet that the higher spot prices would support higher profit margins moving forward.

Photo from Equinox Gold website

As of writing, spot prices of silver were up by 2.50 percent at $69.76 per ounce, while gold jumped by 2.70 percent to $4,494.09 an ounce, with funds resorting to safer assets amid intensifying tensions in the Middle East.

Despite Washington’s announcement that it would halt strikes on Iran for 10 days, Israel said that it would continue attacks because the Islamic Republic had not heeded warnings to stop firing missiles at its civilians.

Uncertainties aside, Equinox Gold Corp. (NYSEAmerican:EQX) is one of the largest gold producers in the world, with operations in Canada and across the Americas.

Last year, it incurred a 35-percent drop in its net income to $221.5 million from $339.3 million in 2024, while revenues doubled to $1.8 billion from $912.8 million year-on-year.

In the fourth quarter alone, net profit expanded by 600 percent to $197.5 million from $28.3 million, while revenues surged by 89 percent to $681.4 million from $359.4 million.

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