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Stock Market & Financial Investment News

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January 15, 2013
14:34 EDTMUXMcEwen Mining reports Q4, FY12 gold equivalent production results
Earlier today, McEwen Mining announced FY12 and Q4 gold equivalent production results. For FY12, the company produced 105,050 gold equivalent ounces and in Q4 produced 32,220 gold equivalent ounces. Silver production has been converted into gold equivalent ounces based on a 52:1 ratio. The company also announced that production costs for 2012 and cost guidance for 2013 will be reported in March with year-end financials. Production in 2013 is forecast to grow by over 24% to 130,000 gold equivalent ounces with production coming from 2 mines: San Jose and El Gallo 1. El Gallo 1 in Mexico commenced commercial production on January 1. "Over the next 3 years, we forecast our internal projects will increase our production from 100,000 gold equivalent ounces to 290,000 gold equivalent ounces, a 3-fold increase. During this time, we will also be looking for opportunities to further increase our production in order to advance on our goal of qualifying for inclusion in the S&P 500 Index," said Chief Owner Rob McEwen. As of this writing, shares of McEwen were up 4c, or 1.08%, to $3.75.
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July 17, 2014
07:44 EDTMUXMcEwen Mining reports Q2 production 31,200 gold eq oz
McEwen Mining announced production results for Q2. Production in Q2 was 31,200 gold eq. oz comprised of 18,863 gold oz and 740,276 silver oz, consistent with guidance. This is a decrease of 8% compared to 2Q13 and 3% compared to Q1. Full-year guidance remains unchanged at 135,000-140,000 gold eq. oz as production is expected to increase in Q4, due to 50% more processing capacity at El Gallo 1 and higher grades at San Jose.

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