McEwen Mining Q2 2021 Earnings Report
Key Takeaways
McEwen Mining reported its second quarter results, highlighting production and cost information for its various mines, including Gold Bar, Fox Complex, San José, and El Gallo. The company also discussed the progress of the Los Azules Copper project and the formation of a subsidiary, McEwen Copper, to advance the project.
Gold Bar produced 14,100 GEOs in Q2 with reduced cash costs and AISC compared to Q2 2020.
Black Fox produced 7,100 GEOs in Q2 with significantly reduced cash costs and AISC compared to Q2 2020, transitioning to the Froome deposit.
San José Mine attributable production in Q2 was 9,300 gold ounces and 607,000 silver ounces, totaling 18,200 GEOs.
McEwen Copper was formed to advance the Los Azules Copper project, seeking to raise up to $80 million in a private offering.
McEwen Mining
McEwen Mining
Forward Guidance
The company is focused on increasing production and reducing costs at its various mines. It is also working to advance the Los Azules Copper project.