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Sep 30, 2020
McEwen Mining Q3 2020 Earnings Report
McEwen Mining reported Q3 2020 results, highlighting operational improvements and exploration news.
Key Takeaways
McEwen Mining reported their Q3 2020 results, with the chairman noting improvements in operations, alleviation of financial pressure, and brighter future growth prospects. The company is focused on improving operating efficiencies and profit margins, expecting better operating results and exploration news in the coming quarters.
San José Mine produced 8,600 gold ounces and 571,000 silver ounces, totaling 15,900 GEOs.
Black Fox Mine produced 5,800 GEOs, with production expected to increase in Q4.
Gold Bar Mine produced 6,800 GEOs, with operations ramping up and costs decreasing.
El Gallo produced 1,900 GEOs from residual leaching.