- Write by:
-
Wednesday, November 25, 2020 - 12:34:25 PM
-
696 Visit
-
Print
Mining News Pro - Equinox Gold’s Castle Mountain mine in California has declared commercial production. The open-pit, heap leach operation poured its first gold on Oct. 15 and is expected to generate 5,000 to 10,000 oz. of gold for the company this year. The company completed construction of the asset in mid-September.
In its first, 12,7000 t/d phase, Castle Mountain will churn out approximately 40,000 gold oz. annually. The miner is looking at an expansion of this asset, which could grow its output to 200,000 oz. a year – a feasibility study is expected in the first quarter of next year. This study will look at a 41,000 t/d run-of-mine heap leach, in addition to a carbon-in-leach milling circuit for higher-grade material.
“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,” Christian Milau, Equinox Gold’s CEO, said in a release.
With Castle Mountain, Equinox holds seven operating mines in the Americas. In the third quarter, the company sold 128,437 oz. of gold, at all-in sustaining costs of $1,035 per ounce.
Short Link:
https://www.miningnews.ir/En/News/608502
Marex Group Plc and a group of the London-based firm’s shareholders raised about $292 million in a US initial public ...
Newmont Corp beat Wall Street estimates for first-quarter profit on Thursday, as the world’s largest gold miner ...
India is in talks with several countries seeking partnerships for technical help on lithium processing, said four ...
China’s Zhaojin Mining Industry said on Wednesday that its A$733 million ($477.8 million) offer to buy Australia’s ...
Toronto-listed miner OceanaGold Corp said on Wednesday it will raise 6.08 billion pesos ($106 million) through an ...
Ghana Mine Workers Union is demanding the termination of the mining lease of Future Global Resources Ltd. because the ...
Gold’s record-setting rally this year has puzzled market watchers as bullion has roared higher despite headwinds that ...
AbraSilver Resource said on Monday it has received investments from both Kinross Gold and Central Puerto, Argentina’s ...
Gold took a tumble as haven demand waned after geopolitical tensions eased in the Middle East.
No comments have been posted yet ...