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Stock impact report

McEwen Mining: Q1 2022 Results [Financial Post (Toronto, Ontario, Canada)]

McEwen Mining Inc. (MUX) 
Last mcewen mining inc. earnings: 3/16 05:01 pm Check Earnings Report
Company Research Source: Financial Post
Operations Update Fox Complex, Canada (100% interest) Fox produced 7,700 GEOs in Q1 at total cash costs and AISC of $1,193 and $1,729 per GEO sold, respectively. This compares to 5,200 GEOs at total cash costs and AISC of $1,262 and $1,560 per GEO sold, respectively, in Q1 2021. The higher production level and lower cash costs quarter over quarter were primarily due to mining at the new Froome mine versus the Black Fox mine in Q1 2021. During Q1, the solid performance in the mine was offset by a labour shortage due to COVID-19, coupled with equipment failures at the Stock mill. Approximately 11,700 oz of gold was mined during the quarter from the Froome deposit, which would have resulted in production of 10,500 oz of gold if the mill had been able to process all the material as planned. Our team is in the process of implementing long-term solutions such as replacing aging equipment and de-bottlenecking to improve reliability going forward. We announced the results of our Prelimina Show less Read more
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