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McEwen Mining to announce Gold Bar Mine feasibility by end of month

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(Kitco News) - McEwen Mining (NYSE:MUX) said it will publish a feasibility study on its Gold Bar Mine by the end of the month.

Earlier this month McEwen announced a 16% overall reduction in estimated reserves at the mine.

In Argentina, The San José mine, which is operated by our joint venture partner Hochschild Mining, has resumed production after being temporarily closed during Q4 2020 due to government-imposed quarantine measures.

In Timmins, Canada, a preliminary economic assessment is being developed to take the Fox Complex from the current short mine life producing 30-40,000 oz gold per year to a ten-year mine life with annual production of 100-150,000 oz gold per year. McEwen said early results are encouraging.

McEwen Mining faced a number of production woes in 2019. COVID-19 restrictions in Latin America also added to the miners woes.

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