Equinox (EQX) Touches All-Time High as Gold, Silver Soar

We recently published 10 Stocks Breaking Records While Wall Street Bleeds. Equinox Gold Corp (NYSEAmerican:EQX) was one of the top performers on Tuesday.

Equinox Gold surged to a new all-time high on Tuesday, mirroring the overall rally in mining stocks as investors loaded portfolios in companies that would benefit from the ongoing silver and gold rush.

During the session, spot prices of gold surged to its highest level of $4,700 while silver climbed to $95, helping propel Equinox Gold Corp (NYSEAmerican:EQX) to its highest intra-day price of $15.66 before paring gains to finish the session just up by 9.83 percent at $15.64 apiece.

The rally was triggered by President Donald Trump’s threats over the weekend that eight European countries are set to be slapped with 10 percent higher tariffs beginning February 1 if they oppose the United States’ proposed takeover of Greenland.

Investor funds, on the other hand, sought safety in precious metals, which are typically unaffected during geopolitical tensions.

Meanwhile, the rally in Equinox Gold Corp (NYSEAmerican:EQX) was supported by strong preliminary production results for the full-year and fourth quarter of 2025, hitting a record of 922,827 ounces for the entire year and beating its earlier guidance of 50,000 to 915,000 ounces.

For the fourth quarter alone, the company was also able to produce 247,024 ounces, the bulk of which came from its Greenstone mine.

However, Equinox Gold Corp (NYSEAmerican:EQX) expects to scale down in 2026, projecting only 700,000 and 800,000 ounces of consolidated gold production.

The company is scheduled to release the results of its financial and operating highlights for last year after market close on February 18, 2026.

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Disclosure: None. This article is originally published at Insider Monkey.