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(Kitco News) – McEwen Mining (NYSE: MUX) (TSX: MUX) reported today that in Q3 2023, the company produced 38,600 gold equivalent ounces (GEOs), up 8% compared to Q3 2022 (35,700 GEOs).
The company said its consolidated production guidance for 2023 is maintained at 150,000-170,000 GEOs, despite the Gold Bar mine’s production forecast being 13% below its guidance range due to a combination of factors including flooding and extreme weather and a slower leach recovery rate of Gold Bar South ore.
McEwen added that its Fox gold production complex in the Timmins District of Ontario “performed well” during Q3 2023 and is on track to slightly exceed the mid-point of the guidance range.
According to the company, the San José mine in Argentina, which is operated by McEwen’s joint venture partner Hochschild Mining, delivered Q3 2023 production in line with its expectations for the quarter and guidance for the year.
McEwen Mining is a gold and silver producer with operations in Nevada, Canada, Mexico and Argentina. In addition, it owns approximately 47.7% of McEwen Copper which owns the large, advanced stage Los Azules copper project in Argentina.
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