McEwen Mining reports Q3 gold production 43,742 gold equivalent oz.
McEwen Mining reports Q3 consolidated production of 33,806 gold ounces and 745,172 silver ounces, or 43,742 gold equivalent ounces,. Consolidated production for the nine months ended Sept. 30 was 135,344 GEOs, which is 48% higher than the comparable period in 2017. At the Gold Bar Mine, Nevada, construction is advancing on schedule for completion by the end of 2018, targeting production in 1Q19. During the first three years of operation beginning with 2019, Gold Bar is projected to produce 55,000, 74,000 and 68,000 ounces of gold respectively. Black Fox produced 11,618 GEOs in Q3, and 37,751 GEOs year to date, in line with FY production guidance for 2018 of 48,000 GEOs. At the San Jose Mine, Argentina, production is in line with full year guidance for 2018 of 91,000 GEOs. Q3 attributable production from San Jose was 11,768 gold ounces and 743,100 silver ounces, for a total of 21,676 GEOs. At El Gallo Project, Mexico, production has exceeded full year production guidance for 2018 of 32,000 GEOs.