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McEwen produces 175,561oz Au-eq in 2018

McEwen Mining has reported 2018 production of 135,124 ounces of gold and 3,032,727oz of silver (175,561oz gold-equivalent (AuEq), slightly above its guidance for the year.
McEwen produces 175,561oz Au-eq in 2018 McEwen produces 175,561oz Au-eq in 2018 McEwen produces 175,561oz Au-eq in 2018 McEwen produces 175,561oz Au-eq in 2018 McEwen produces 175,561oz Au-eq in 2018

McEwen's Gold Bar mine in Nevada

Staff Reporter

The Black Fox gold mine in Timmins, Canada, produced 48,848oz Au-eq, McEwen's 49% stake in the San José gold and silver mine in Argentina contributed 47,331oz Au and 3Moz Ag (87,607oz Au-eq) and the El Gallo gold mine in Mexico produced 39,106oz Au-eq. Mining operations ceased in the second quarter followed by residual heap leaching. Closure, reclamation and residual heap leaching activities are ongoing.

The company expects production to top 200,000oz Au-eq in 2019 with its Gold Bar mine on the Cortez Trend in Nevada, USA, on schedule for its inaugural gold production during the first quarter. The mine is expected to produce over 60,000oz/y for more than six years.

During the first half of 2019, McEwen expects to complete a feasibility study for its Fenix project in Mexico that contemplates the potential construction of a new mine and mill at El Gallo. The project could produce 47,000oz/y Au from 2021.