Loading...
•
Jun 30, 2020
McEwen Mining Q2 2020 Earnings Report
Second quarter results for the period ended June 30th, 2020 were reported.
Key Takeaways
McEwen Mining reported a challenging second quarter due to operational and health and safety issues, resulting in lower production and increased costs per ounce. However, the company's path to future growth and improved operational performance has become clearer, with a focus on organic growth projects.
Mining at San José was temporarily suspended due to a nationwide mandatory quarantine in Argentina.
Black Fox mine production was lower due to lower than expected grade and a focus on development work.
Gold Bar mine ceased all mining on April 1st due to health and safety concerns.
El Gallo produced 1,900 GEOs in Q2 from residual leaching of the heap leach pad.