Currently viewing Global edition

McEwen down on lowered outlook

Shares in McEwen Mining (TSX: MUX) touched a 52-week low on Friday as the company closed a US$25 million registered direct offering and reduced its 2019 production outlook.

McEwen down on lowered outlook McEwen down on lowered outlook McEwen down on lowered outlook McEwen down on lowered outlook McEwen down on lowered outlook

The completed processing plant at McEwen’s Gold Bar mine in Nevada

"We are pleased that our production guidance for the year is 205,000 gold-equivalent ounces, which is a 16% increase from 2018," chairman and chief owner Rob McEwen said in a statement.