McEwen production down 33% in 2020

During the latest quarter, the San José mine contributed 531,500 silver ounces and 8,700 gold ounces, or 15,600 GEOs, which was in-line with the company’s expectations. Earlier this month, the mine resumed production after the provincial government of Santa Cruz lifted its temporary shutdown mandate.

At its Black Fox operations in Ontario, production of 8,000 GEOs was above expectations.

Meanwhile, at Gold Bar, where the mine’s updated resource and reserve estimates are being finalized, production of 6,000 GEOs fell below expectations.

In addition, El Gallo produced 1,500 GEOs from residual leaching.

Shares of McEwen Mining rose 5.2% by 1 p.m. in Toronto. The company’s market capitalization stands at C$423.2 million.

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