McEwen Mining reports Q3 production 45,930 gold equivalent ounces
McEwen Mining reported consolidated Q3 production of 35,043 gold ounces and 947,146 silver ounces, or 45,930 gold equivalent ounces using the average gold:silver price ratio for Q3 of 87:1. The Gold Bar Mine continued to improve during Q3, achieving several performance benchmarks for ore production, crushing throughput, and gold production. Gold Bar produced produced 11,029 gold ounces in Q3, in line with the plan and approaching the designed capacity of the process plant. The San Jose and El Gallo mines met their production targets. San Jose is on-track to achieve 2019 guidance of 49,000 gold ounces and 3,225,000 silver ounces. Black Fox produced 7,421 gold ounces in Q3. Production was below expectations, primarily because of insufficient working areas and delays in advancing underground development. Exploration drilling from Stock East returned intercepts such as: 83.5 g/t gold over 5.6 m, including 417 g/t over 1.1 m; and 34.7 g/t gold over 5.9 m, including 74.1 g/t over 2.7 m.