McEwen Mining Inc (MUX)

[geocam]

$MUX For 2020, cash costs and AISC are projected to be between $950-$1,000 and $1,200-$1,250 per GEO, respectively.

https://www.mcewenmining.com/investor-relations/press-releases/press-release-details/2020/MCEWEN-MINING-REPORTS-2019-FULL-YEAR-AND-Q4-RESULTS/default.aspx

San José Mine, Argentina (49% Interest)
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Production guidance for 2020 on a 49% basis is 45,700 gold ounces and 3,200,000 silver ounces, for a total of 82,000 GEOs. For 2020, cash costs and AISC are projected to be between $950-$1,000 and $1,200-$1,250 per GEO, respectively.
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Black Fox Mine, Canada (100% Interest)

Production from Black Fox in 2019 was 35,721 GEOs. Compared to 2018, gold production decreased by 27%, due to operational challenges in the year and depleting reserves. For 2019, total cash costs and AISC were $825 and $1,225 per GEO, respectively.
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Production guidance for 2020 is 35,000-40,000 GEOs at cash costs and AISC of between $1,000-$1,150 and $1,150-$1,250 per GEO, respectively. Higher cash costs reflect the impact of development and related costs being expensed over the short mine life.
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Gold Bar Mine, USA (100% Interest)

Gold Bar produced 30,712 GEOs in 2019. The ramp-up to commercial production saw delays that adversely impacted our gold production in the first half of 2019. Gold Bar production increased during Q3, while production in Q4 was impacted by lower throughput at the crushing plant and lower grades as mining transitioned to the Gold Pick West open pit. In 2019, cash costs and AISC were $1,101 and $1,282 per GEO, respectively.
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El Gallo Project, Mexico (100% Interest)

Production from El Gallo in 2019 was 16,333 GEOs from residual leaching of the heap leach pad. Beginning with Q4 2019, we have ceased relying on, and disclosing, cash costs and AISC per GEO as key metrics for El Gallo because those measures include the expensing of accumulated heap leach pad inventory costs, which are not informative when accessing the current economics of residual leaching. We estimate that residual leaching will continue for as long as incremental revenue exceeds incremental costs. During 2019, residual leaching costs were $11.6 million, or $688 per GEO sold.

For 2020, we expect to recover 12,000 GEOs from residual leaching of the heap leach pad.
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Conference Call and Webcast

We invite you to join our conference call, where management will discuss our 2019 financial results and project developments and follow with a question and answer session. Questions can be asked directly by participants during the webcast. The webcast will be archived on McEwen Mining’s website following the call.

Tuesday,

March 17th, 2020

at 2:00 p.m. EDT Toll Free (US & Canada): 1 [phone]
Outside US & Canada: 1 [phone]
Conference ID Number: 3479013
Webcast Link: https://event.on24.com/wcc/r/2208781/05022E7D0226B7520D1EC5530FCA4A1C