Skip to main content
You have permission to edit this article.
Edit
McEwen production up in quarter
top story

McEwen production up in quarter

  • 0
{{featured_button_text}}
McEwen Mining logo

TORONTO – McEwen Mining Inc. reported consolidated production in the second quarter rose, with the company producing 31,700 ounces of gold and 611,800 ounces of silver, or 40,800 gold equivalent ounces, compared with 19,200 gold equivalent ounces in the 2020 quarter.

The company’s Gold Bar Mine in Eureka County produced 14,100 gold equivalent ounces in the quarter ending June 30, more than double the 6,100 gold equivalent ounces in the second quarter of last year, according to the company’s July 13 announcement.

McEwen’s Black Fox Mine at Timmins, Canada, produced 7,100 gold equivalent ounces in the 2021 quarter, far outpacing the 2,200 gold equivalent ounces in the 2020 quarter.

Support Local Journalism

Your membership makes our reporting possible.
{{featured_button_text}}

The San Jose Mine at Santa Cruz, Argentina, produced 9,300 gold ounces and 607,000 silver ounces in the second quarter, or 18,300 gold equivalent ounces, compared with 9,000 ounces in 2020.

McEwen Mining owns 49% on the mine, and Hochschild Mining plc owns 51% and is the operator, and the company said it received $2.5 million in dividends in the quarter from San Jose.

The company also stated that the El Gallo Project in Sinaloa, Mexico, produced 1,300 gold equivalent ounces from residual leaching of the heap leach pad during the quarter.

McEwen Mining will be releasing financial details on the second quarter with its 10-Q quarterly financial statements, but the company reported liquid assets of roughly $44 million as of June 30.

0
0
0
0
0

Be the first to know

* I understand and agree that registration on or use of this site constitutes agreement to its user agreement and privacy policy.

Related to this story

Most Popular

The U.S. does not collect royalties on those minerals in most cases. House Natural Resources Committee Chairman Raul Grijalva said the mining industry should pay at least as much as oil and gas companies, which typically pay royalties of 12.5% on the value of resources extracted from federal lands.

The Illipah site in White Pine County covers roughly 3,950 acres, and there is a closed heap-leach gold mine that produced 37,000 ounces of gold in the late 1980s. The acquisition comes with data from 562 drill holes, soil samples, rock samples and surface mapping.

Nevada is seeing an uptick in mine and exploration projects for minerals. The state issued 261 reclamation permits in the first quarter of 2021. State law requires every one of those projects to reclaim any disturbed land when operations cease.

  • 6 min to read

Almost two years into the joint venture, the Carlin mining operations and other mine sites are experiencing efficiencies and challenges under Barrick Gold Corp. operating as Nevada Gold Mines in Nevada.

Get up-to-the-minute news sent straight to your device.

Topics

News Alerts

Breaking News