The Relief Canyon gold mine, in Nevada, has successfully poured its first gold and has now completed initial construction within its budget of $28-million to $30-million, TSX- and NYSE American-listed Americas Gold and Silver reported on Tuesday.
The first gold pour was achieved in nine months from the start of production in May last year.
The mine will ramp up to full design capacity of 14 500 t/d in the second quarter, president and CEO Darren Blasutti confirmed in a statement.
He added that Relief Canyon would provide considerable exposure to gold and increase the company’s forecast consolidated revenue to about 70% from precious metals, based on current prices.