McEwen Mining Inc (MUX)

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McEwen Mining Reports Q2 2019 Production Results

6:15 am ET July 17, 2019 (Globe Newswire) Print


McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) reports consolidated production for Q2 2019 of 36,216 gold ounces and 850,525 silver ounces, or 45,881 gold equivalent ounces ("GEOs") using the average gold:silver price ratio during Q2 of 88:1. Our San Jose and El Gallo mines, which accounted for 62% our total gold and silver production in Q2, exceeded our targets. Our other two operations, the Gold Bar and Black Fox mines, performed better than in Q1, but below our forecast. Looking ahead, our production guidance for the year 2019 has been reduced by 6% for gold and is unchanged for silver. On a gold equivalent basis, silver is forecast to represent 20% of our 2019 consolidated production of 190,000 GEOs.