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Equinox Gold Ord Shs T.EQX

Alternate Symbol(s):  EQX

Equinox Gold Corp is a Canada-based mining company with seven operating gold mines. The Company is engaged in the operation, acquisition, exploration, and development of mineral properties, with a focus on gold. Its operating mines include Aurizona Gold Mine, Fazenda Gold Mine, Santa Luz Gold Mine, RDM Gold Mine, Los Filos Gold Mine, Castle Mountain Gold Mine, and Mesquite Gold Mine. Its projects include Greenstone Project, Los Filos Expansion, Aurizona Expansion, and Castle Mountain Expansion. Aurizona Gold Mine is an open-pit gold mine located in northeastern Brazil near the town of Godofredo Viana in Maranhao State. Fazenda Gold Mine is located within the Maria Preta mining district in Bahia State, Brazil. Santa Luz Gold Mine is located within the Maria Preta mining district in Bahia State. RDM Gold Mine is located in Minas Gerais State, Brazil, about 560 km north of the state capital city of Belo Horizonte. Los Filos Mine Complex is located in Guerrero State, Mexico.


TSX:EQX - Post by User

Comment by Straiteon Jul 30, 2021 5:28pm
189 Views
Post# 33635879

RE:SAME OLD NEWS

RE:SAME OLD NEWSRelax, go sleep. One day you will wake up, gold will be 3000$ and EQX will be multiples higher from current price.

For now, the market is afraid of the risk that the fed tapers and we get deflation. If  the economy turns to be weaker (for instance covid19 situation becomes much worse than the market is discounting and more importantly we get systemic risks, it will be checkmate for the fed). Once the market sees its checkmate and there is no way the fed can tighten/avoid dollar decline without imploding the financial system (you are essentially hedging against systemic risk that makes tightening a worse outcome than not tightening from the perspective of governments/central banks/society in general). Once this happens, there will be panic buying of gold and gold miners like EQX will follow with leverage. (Maybe a beta of 5).

It is only a matter of time until this happen/the narrative switch from a strong economy to systemic risks appearing.
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