Equinox Gold's Castle Mountain Accepted into FAST-41 Permitting Program
Equinox Gold's Castle Mountain Accepted into
FAST-41 Permitting Program
Vancouver, British Columbia--(Newsfile Corp. - August 11, 2025) -
Equinox Gold Corp.
(TSX: EQX)
(NYSE American: EQX) is pleased to announce that its Castle Mountain Mine Phase Two Project
("Castle Mountain") in California has been accepted into the United States Federal Permitting
Improvement Steering Council's FAST-41 program. FAST-41 is a federal permitting framework
designed to streamline environmental reviews, improve interagency coordination, and increase
transparency. Acceptance into the program is expected to enhance regulatory certainty through a
defined permitting schedule that may reflect reduced permitting timelines. Based on the permitting
timeline posted to the FAST-41 project dashboard (
see link
) on August 8, 2025 the federal permitting
process should be completed in December 2026.
Darren Hall, CEO of Equinox Gold, stated:
"Castle Mountain is a high-quality growth opportunity for
Equinox Gold in a tier-one jurisdiction. Based on the March 2021 Feasibility Study, the project is
expected to produce approximately 200,000 ounces of gold annually over a 14-year mine life, totaling
3.2 million ounces. With FAST-41 permitting status in place we've initiated study updates and project
optimization to align with the permitting timeline and position the project for a timely construction
decision. Once in production Castle Mountain will be a cornerstone asset, reinforcing our strategy of
building a portfolio of long-life, low-cost mines in top-tier jurisdictions."
Castle Mountain is located in San Bernardino County, California, approximately 200 miles north of
Equinox Gold's Mesquite Mine. Equinox Gold acquired Castle Mountain in December 2017 and
operated a small open-pit heap leach gold mine from Q4 2020 to Q3 2024. The mine is currently
performing re-leaching procedures while the Company advances permitting, engineering and
optimization work. While the project is expected to operate within the existing approved mine boundary,
the changes to previously analyzed effects, such as increased land disturbance within the mine boundary
and increased water use, require modification to the Company's approved Mine and Reclamation Plan
and an updated Environmental Impact Statement / Environmental Impact Report.
The technical information contained in this news release was approved by David Schonfeldt, P. Geo.,
VP Mining Geology for Equinox Gold and a "Qualified Person" under National Instrument 43-101.
About Equinox Gold
Equinox Gold (TSX: EQX) (NYSE American: EQX) is a Canadian mining company positioned for growth
with a strong foundation of high-quality, long-life gold operations in Canada and across the Americas,
and a pipeline of development and expansion projects. Founded and chaired by renowned mining
entrepreneur Ross Beaty and guided by a seasoned leadership team with broad expertise, the
Company is focused on disciplined execution, operational excellence and long-term value creation.
Equinox Gold offers investors meaningful exposure to gold with a diversified portfolio and clear path to
growth. Learn more at
www.equinoxgold.com
or contact
.
Equinox Gold Contact
Ryan King
Senior Vice President, Capital Markets and Strategy
T: 778.998.3700
E:
E:
Cautionary Notes & Forward-looking Statements
This news release contains certain forward-looking information and forward-looking statements within
the meaning of applicable securities legislation and may include future-oriented financial information
or financial outlook information (collectively "Forward-looking Information"). Forward-looking
Information in this news release relates to, among other things: the strategic vision for the Company
and expectations regarding exploration potential, production capabilities, future financial or operating
performance and expansion projects ,including development of Castle Mountain Phase 2, receipt of
required approvals and permits, and effectiveness of the Fast-41 Program. Forward-looking
Information is generally identified using words like "will", "forward", "achieve", "strategy", "grow",
"expect", and similar expressions and phrases or statements that certain actions, events or results
"may", "could", or "should", or the negative connotation of such terms, are intended to identify
Forward-looking Information. The Company has based Forward-looking Information on the
Company's current expectations and projections about future events and these assumptions include:
ability to achieve production, cost and development expectations for its operations and projects,
including Castle Mountain Phase 2; prices for gold remaining as estimated; availability of funds for
the Company's projects and future cash requirements; While the Company considers the
expectations and assumptions to be reasonable based on information currently available, they may
prove to be incorrect. Accordingly, readers are cautioned not to put undue reliance on the forward-
looking statements or information contained in this news release.
Forward-looking Information involves numerous risks, uncertainties and other factors that may cause
actual results and developments to differ materially from those expressed or implied by such Forward-
looking Information. Such factors include those described in the section "Risk Factors in the
Company's MD&A dated March 13, 2025 for the year ended December 31, 2024, and in the section
titled "Risks Related to the Business" in Equinox Gold's most recently filed Annual Information Form
which is available on SEDAR+ at
www.sedarplus.ca
and on EDGAR at
www.sec.gov/edgar
. Forward-
looking Information reflects management's current expectations for future events and is subject to
change. Except as required by applicable law, the Company assumes no obligation to update or to
publicly announce the results of any change to any Forward-looking Information contained or
incorporated by reference to reflect actual results, future events or developments, changes in
assumptions or other factors affecting Forward-looking Information. If the Company updates any
Forward-looking Information, no inference should be drawn that the Company will make additional
updates with respect to those or other Forward-looking Information. All Forward-looking Information
contained in this news release is expressly qualified by this cautionary statement.
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