- McEwen (MUX) has reported on its consolidated production for Q3 2021
- It records was 32,100 gold ounces and 792,000 silver ounces, or 42,900 gold equivalent ounces (GEO), comparing to the 30,400 GEOs from Q3 2020
- Operating costs for Q3 will be released in the 10-Q quarterly financial statements
- McEwen Mining is a gold and silver producer and explorer with operating mines in Nevada, Canada, Mexico and Argentina
- McEwen is up 1.5 per cent trading at $1.35 per share at 4:42 p.m. ET
McEwen (MUX) has reported on its consolidated production for Q3 2021.
It recorded 32,100 gold ounces and 792,000 silver ounces, or 42,900 gold equivalent ounces (GEO), comparing to the 30,400 GEOs from Q3 2020.
Consolidated production for the first nine months of 2021 is 1114,400 GEO, comparing to the GEO’s for the same timeline in 2020.
Quarterly comparison between 2020 and 2021
| Q1 | Q2 | Q3 | |
|---|---|---|---|
| 2020 2021 | 2020 2021 | 2020 2021 | |
| Gold (oz) 29,200 23,300 | 15,700 31,700 | 23,100 32,100 | |
| Siver (oz) 553,200 493,200 | 359,400 611,800 | 575,000 792,000 | |
| GEOs 36,100 30,600 | 19,200 40,800 | 30,400 42,900 | |
The fox complex mining camp in Timmins produced 8,300 GEOs during Q3 compared to 5,800 for 2020.
Mining at Fox has transitioned to the Froome deposit, where commercial production was reached on September 19, 2021, three months ahead of schedule.
The underground infrastructure at Froome is expected to be fully developed by June 2022.
The gold bar mine in Nevada during the period produced 12,400 GEOs, compared to 6,800 in 2020. Production is on track to meet guidance for 2021.
The San José in Argentina produced 10,800 gold ounces and 790,000 silver ounces, for a total of 21,600. GEOs, compared to 15,900 in Q3 2020.
It received $2.4 million in dividends during the quarter, for a total of $10 million for the nine months ended September 30, 2021.
The El Gallo Project in Mexico produced 560 GEOs from residual leaching.
Operating costs for Q3 will be released in the 10-Q quarterly financial statements.
McEwen Mining is a gold and silver producer and explorer based in the Americas with operating mines in Nevada, Canada, Mexico and Argentina.
McEwen is up 1.5 per cent trading at $1.35 per share at 4:42 p.m. ET.
