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McEwen Mining temporarily suspends Black Fox, Gold Bar operations

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(Kitco News) - McEwen Mining Inc. (NYSE, TSX: MUX) reported early Thursday that operations at the Black Fox and Gold Bar mines will be scaled back for 14 days as a part of the global effort to combat the spread of COVID-19.

“Certain production and exploration activities will continue at Gold Bar in areas where social distancing can be observed, including ore crushing, irrigation of the heap leach pad, and operation of the process plant,” the company said in a prepared statement. “At Black Fox, we expect to continue development activities related to the Froome access ramp.

“Both sites will continue to be minimally staffed to ensure safety, security and environmental compliance. Our projects in Mexico are continuing to operate normally.”

Last week, the company withdrew all previously announced production guidance as operations were curtailed at the San José mine, which is 49% owned by McEwen Mining, in response to rules in Argentina to deal with the virus.

Output in 2019 at Black Fox, located in northern Ontario, was 35,721 gold-equivalent ounces. Gold Bar, located in Nevada, produced 30,712 gold-equivalent ounces.  San José provided the company with 91,654 gold-equivalent ounces.

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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