Equinox Gold announced its first pours from the Castle Mountain gold mine
(Kitco News) - Equinox Gold has announced that the Company has poured first gold from its Castle Mountain Gold Mine in California.
Christian Milau, CEO of Equinox Gold. stated "Pouring first gold at Castle Mountain, our newest producing mine in the Americas and our second operating mine in California, launches what will be a long-life flagship asset for the company," he went on to comment "I'd like to thank our employees, consultants, San Bernardino County and the State of California for their support and efforts as we brought the Castle Mountain Mine to production on time, on budget and with no lost-time injuries, all while managing through the COVID-19 pandemic.".
One month ago it was said that, phase 1 is expected to produce on average 45,000 ounces of gold annually. The Company is completing a feasibility study for the potential Phase 2 expansion, which is expected to average 200,000 ounces of gold annually. The Phase 2 feasibility study is targeted for completion in Q4-2020.