On August 19, Equinox Gold Corp. rose 6.58% in regular trading, trading at $12.135/share, with turnover of $23.74 million. The rally was driven by the US Bureau of Land Management issuing a positive Record of Decision for the company's South Railroad project in Nevada, a critical federal permit that formally initiates early works construction.

According to a 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, with initial capital expenditure estimated at $395 million. The company targets first gold production from South Railroad in 2028. Applications for key state permits and water rights have also been submitted.

The broader gold sector showed strong momentum, with Coeur Mining up 7.54%, Newmont Mining up 6.85%, Kinross up 6.60%, Agnico Eagle Mines up 6.24%, and Barrick Mining up 5.65%.

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