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Stock impact report

McEwen Mining Reports Q2 2019 Production Results

McEwen Mining Inc. (MUX) 
Last mcewen mining inc. earnings: 3/16 05:01 pm Check Earnings Report
Company Research Source: GlobeNewswire
TORONTO, July 17, 2019 (GLOBE NEWSWIRE) -- 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(1) (“GEOs”) using the average gold:silver price ratio during Q2 of 88:1. Our San José 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.  Consolidated Production Summary  Q1Q2Full Year 201820192018201920182019GuidanceGold (oz)35,069 26,938 36,959 36,216 135,203 152,000 Silver (oz)695,651 703,219 772,432 850,525 3,032,694 3,225,000 GEOs(1)44,344  Show less Read more
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