Castle Mountain Gold Mine California : Equinox Gold achieves commercial production

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Equinox Gold has achieved commercial production at its Castle Mountain Gold Mine in California, almost a month after achieving the first gold pour.

The Canadian gold mining company anticipates the gold mine in California to produce 5,000-10,000 ounces of gold in 2020. The average annual production of Castle Mountain is estimated to be around 40,000 ounces of gold during the phase 1 mine life.

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Quick fact : Castle Mountain Gold Mine location is in San Bernardino County

Phase 1 of the Castle Mountain Gold Mine was completed by the gold miner in September 2020.

Castle Mountain Gold Mine Phase 1 heap leach pad and processing facility.

Castle Mountain Gold Mine Phase 1 heap leach pad and processing facility. Photo courtesy of CNW Group/Equinox Gold Corp.

Plans for a phase 2 expansion of Castle Mountain Gold Mine California

Equinox Gold said that it is studying the potential for Castle Mountain phase 2 expansion, which is projected to ramp up average production to 200,000 ounces of gold annually.

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The Canadian gold mining company is targeting to wrap up phase 2 feasibility study in the first quarter of next year.

Christian Milau – Equinox Gold CEO, commenting on the Castle Mountain Gold Mine production, said: “Achieving commercial production at Castle Mountain is an important step for what will ultimately be a long-life 200,000 ounce per year gold mine, bringing significant benefits to local communities, the State of California and Equinox Gold’s shareholders.”

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Castle Mountain Gold Mine California was acquired by Equinox Gold following its acquisition of NewCastle Gold in July 2018.

Earlier this month, Equinox Gold began construction on its 100% owned Santa Luz Gold Mine in Bahia State, Brazil, with a construction budget of $103 million.

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