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McEwen Mining 1Q Output Declines But In Line With Guidance

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McEwen Mining (NYSE, TSX: MUX) reports first-quarter gold-equivalent output from its two mines of 29,733 ounces, down from 37,958 in the same period of 2016. The decline was due to lower-grade ore7 at the El Gallo Mine in Mexico, as output as the San Jose Mine in Argentina rose. Still, the company says output was in line with guidance, and the gold grade at El Gallo is projected to rise in the second half of 2017. Meanwhile, the company says permitting for its Gold Bar Project in Nevada remains on schedule for a record of decision from regulatory authorities in the third quarter.

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