Solaris Resources drops after Equinox Gold cuts stake

Solaris Resources

06/12/2022 15:35

** Shares of copper company Solaris Resources Inc  SLS.TO 
down 8.3% at C$6.52, on track for their worst day since Sept. 23
    ** Gold miner Equinox Gold Corp  EQX.TO  sells 11 mln SLS
shares for C$70.4 million($51.56 million), citing investment
purposes  urn:newsml:reuters.com:*:nCNWDjgRFa
    ** EQX down 0.6% at C$4.88
    ** EQX's ownership in SLS decreases to less than 10% from
nearly 18% before the transaction
    ** SLS down ~61% while EQX declines ~42% so far this year
($1 = 1.3655 Canadian dollars)
 (Reporting by Ankit Kumar in Bengaluru)
 ((Ankit.Kumar2@thomsonreuters.com))