McEwen Mining restarting Black Fox operations in Ontario
(Kitco News) - McEwen Mining Inc. (NYSE: MUX, TSX: MUX) reported its first-quarter output on Tuesday and also announced the reopening of the Black Fox Mine in northern Ontario that had been temporarily shut down due to the COVID-19 pandemic.
The company listed consolidated production for the January-March period of 29,177 gold ounces and 553,179 silver ounces. This meant 35,062 gold-equivalent ounces at the average gold-silver price ratio for the quarter of 94:1, the company said.
Mining at Black fox was suspended on March 26 for two weeks for an evaluation and decision on how to operate with the risks of the COVID-19 pandemic.
“Over the course of the shutdown, we have implemented rigorous policies and procedures to minimize the potential risks to the health of all individuals at the mine,” the company said in a prepared statement. “Our miners and teams are overwhelmingly supportive of returning to work with the new safety measures, and the decision has been made to restart operations immediately.”
First-quarter Black Fox output was 8,328 gold-equivalent ounces.
Operations at other McEwen mines were also temporarily suspended over the last month. The first-quarter gold-equivalent tallies at other mines include San Jose in Argentina, 14,864; Gold Bar in Nevada, 9,133; and the El Gallo project in Mexico, 2,737.
Mining had been restricted at San Jose due to nationwide mandatory quarantine rules, but the government is allowing mining to resume, McEwen said. The company said that joint-venture partner Hochschild Mining, which has a 51% interest, “has notified us that they are restarting production, with the expectation that ongoing labor and travel restrictions will mean that the ramp-up will take place over an extended period.”