regardless ... looks like an opportunity to me 10:15 AM EDT, 09/08/2022 (MT Newswires) -- Equinox Gold Corp. (EQX.TO) declined more than 8% on Thursday after the Vancouver-based mining company reported that mining activities at its Los Filos Mine in Mexico have been
temporarily suspended due to an
illegal blockade by nearby Mezcala community members.
TD Securities analyst Arun Lamba said the blockade is preventing delivery of supplies that are required to maintain operations.
"The company will engage with community leadership to find a solution that allows the mine to resume full operations," Lamba said in a note to clients.
"Equinox draws their workforce primarily from three communities; Carrizalillo, Mezcala, and Xochipala," the analyst said. "The company has social collaboration and land use agreements with all three communities, which offers the same pricing terms for land use to the communities."
Lamba maintained a Buy rating and $9.50 price target on the stock.