McEwen Mining to announce Gold Bar Mine feasibility by end of month
Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here!
(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.
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.