We analyze the spinor dynamics of a 87 Rb F = 2 condensate initially prepared in the mF = 0 Zeeman sublevel. We show that this dynamics, characterized by the creation of correlated atomic pairs in mF = ±1, presents an intriguing multi-resonant magnetic field dependence induced by the trap inhomogeneity. This dependence is directly linked to the most unstable Bogoliubov spin excitations of the initial mF = 0 condensate, showing that, in general, even a qualitative understanding of the pair creation efficiency in a spinor condensate requires a careful consideration of the confinement.Spinor Bose-Einstein condensates (BECs), consisting of atoms with non-zero spin, constitute an ideal scenario to investigate the interplay between internal and external degrees of freedom in a multi-component superfluid. The competition between spin-dependent collisional interactions, Zeeman effect, and inhomogeneous trapping results in an exciting range of fundamental phenomena. As a result, spinor BECs have attracted large attention since the pioneering experiments in optical traps [1] concerning their ground state properties [2,3,4,5] and the spinor dynamics induced by the spin-changing collisions, which allow for a coherent transfer between different spin components [6,7].Spinor BECs also provide exciting perspectives as novel sources of non-classical states of matter. In this sense, condensates initially prepared in the m F = 0 Zeeman sublevel are especially fascinating [6,7,8,9]. In that case, the creation of correlated pairs results in the growth of macroscopic populations in m F = ±1. This amplification process is ideally triggered by quantum spin fluctuations [10]. Interestingly, it closely resembles parametric amplification in optical parametric down conversion [11], opening exciting new routes for matter-wave squeezing and atomic Einstein-Podolsky-Rosen entanglement experiments [12,13].Correlated pair creation, and in general any spinor dynamics, demands a significant rate of spin-changing collisions. In typical experiments these collisions are suppressed by the quadratic Zeeman effect (QZE) already in the presence of moderate magnetic fields [6]. However, the influence of the QZE at low fields is far from trivial [8,14,15,16,17]. In particular, spin-mixing can reach a pronounced maximum for low but finite fields. This resonance, contrary to those discussed below, has a non-linear character and has been explained in terms of phase matching [16].The understanding of the magnetic-field dependence of the pair creation efficiency is hence crucial for the characterization of novel spinor-based sources of non-classical matter waves. In this Letter we show that this dependence generally presents an intriguing non-monotonous character which is crucially determined by the trap inhomogeneity and cannot be explained from the physics of homogeneous BECs [18]. The pair creation efficiency is directly linked to the instability rate, which characterizes the exponential growth of the most unstable spin excitations of the initial BEC in m F...