Agoracom Blog

Record Quarterly Gold Production of 7,655 Ounces Announced By Castle Gold (CSG: TSXV)

Posted by AGORACOM at 11:11 AM on Wednesday, October 21st, 2009

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:

Castle Gold Q3-2009 Operating Performance-El Castillo Gold Production Increases 65 Percent Compared to Q3-2008

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.

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Congratulations to the entire Castle Gold team.

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