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McEwen Mining Hits 2024 Consolidated Production Guidance, Posts 2025 Forecast
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McEwen Mining Hits 2024 Consolidated Production Guidance, Posts 2025 Forecast
Jan 29, 2025 3:51 AM

06:25 AM EST, 01/29/2025 (MT Newswires) -- McEwen Mining ( MUX ) late on Tuesday reported 2024 consolidated production of 135,900 gold equivalent ounces, within the company's guidance range.

The Gold Bar and San Jose operations produced 44,600 gold equivalent ounces and 60,100 gold equivalent ounces, respectively, slightly exceeding the top end of guidance ranges.

At the Fox Complex, McEwen produced 30,150 gold equivalent ounces, which was below guidance due to a stope failure in early 2024.

For 2025, the company expects to produce 120,000 to 140,000 gold equivalent ounces at an all-in sustaining cost of US$1,800 to US$2,000 per gold equivalent ounce.

The Gold Bar mine is forecast to contribute 40,000 to 45,000 gold equivalent ounces, the Fox Complex 30,000 to 35,000 gold equivalent ounces, and San Jose 50,000 to 60,000 gold equivalent ounces.

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