With gold having firmly broken the $1,000 barrier, news of record gold production could not have come at a better time for AGORACOM client, Castle Gold Corp.  The company owns 100% of the El Castillo Gold Mine in Durango State, Mexico and and has been increasing production both annually and sequentially. As with all clients, assume I am horribly conflicted about Castle Gold – but record quarterly production + annual and sequential increases are simply great factors that warrant a closer look at the company:
Operating highlights for the third quarter ended September 30, 2009 compared to Q3-2008 and Q2-2009, include:
- New quarterly gold production record of 7,655 ounces of gold, a 65 percent increase from the year earlier third quarter period of 6.421 ounces and a 19 percent increase from the previous quarter (Q2-2009) of 6,421 ounces of gold produced.
- New quarterly record for total tonnes mined of 2,594,800 tonnes of combined ore and waste, a 109 percent increase from the year earlier third quarter period of 1,239,500 and a 39 percent increase from the previous quarter of 1,862,300 tonnes mined.
To read the press release in its entirety please click on the link below:
About Castle Gold
Castle Gold Corporation is a growth oriented gold producer with projects focused in the America’s. The Company owns a 100% interest in the El Castillo gold mine in Mexico and a 50% interest in the El Sastre gold mine in Guatemala. Castle Gold is also advancing exploration and development work at its La Fortuna gold-silver-copper project in Mexico and at its El Sastre and El Arenal project in Guatemala.
George