Equinox Gold sees California project as second cornerstone mine

TSX-V-listed Equinox Gold will significantly increase its future gold production if it develops its project in California, with output from the company’s two cornerstone mines – Castle Mountain, in the US, and Aurizona, in Brazil – estimated at almost 200 000 oz/y by 2020, increasing to 350 000 oz/y. Announcing the outcomes of a prefeasibility study (PFS) for the Castle Mountain project, Equinox Gold CEO Christian Milau said on Monday that the mine increased the firm’s gold reserves by more than 350% to 4.5-million ounces.