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McEwen reports loss, yet to outline guidance for Gold Bar

McEwen Mining (TSX: MUX) has declared a “cash gross profit” from its three, 100%-owned mines of US$33.7 million for 2019 – but a $59.7 million net loss for the year.

McEwen reports loss, yet to outline guidance for Gold Bar McEwen reports loss, yet to outline guidance for Gold Bar McEwen reports loss, yet to outline guidance for Gold Bar McEwen reports loss, yet to outline guidance for Gold Bar McEwen reports loss, yet to outline guidance for Gold Bar

McEwen Mining is reassessing its Gold Bar mine in Nevada

It said cash gross profit was a new, non-GAAP measure, intended to evaluate its ability to generate cash flow, and was calculated by adding back depletion and depreciation to gross profit.