McEwen Mining reports FY19 production 174,420 gold equivalent ounces
McEwen Mining reported consolidated production for 2019 was 134,316 gold ounces and 3,365,846 silver ounces, or 174,420 gold equivalent ounces. CEO Rob McEwen commented: "2019 was a year of exploration highs overshadowed by production lows. After issuing two disappointing reductions in production guidance we finally achieved our guidance. The problems that plagued us in 2019 were largely unique events that will not be reoccurring". The San Jose Mine in Santa Cruz, Argentina exceeded the full year guidance for 2019 of 49,000 gold ounces and 3,225,000 silver ounces. Attributable production from San Jose in 2019 was 51,684 gold ounces and 3,354,487 silver ounces, for a total of 91,654 GEOs. El Gallo Project in Sinaloa, Mexico produced 16,333 GEOs in 2019 from residual leaching of the heap leach pad. Gold Bar Mine in Nevada produced 30,712 GEOs in 2019, within revised full year production guidance. Throughput at the crushing plant slowed in Q4 with the onset of winter, which is expected to persist through Q1 2020. The Black Fox Mine in Timmins, Canada, produced 35,721 GEOs in 2019, close to revised full year production guidance. In Q4, production was 9,887 GEOs.