Miner reports higher quarterly gold and silver output, eyes increased production

Photo: McEwen Mining

Canada’s McEwen Mining has posted consolidated production for the third quarter of 2021 at 32,100 gold oz and 792,000 silver oz, or 42,900 gold equivalent ounces, a solid increase from 30,400 GEOs in the third quarter of 2020.


“Consolidated production for the nine months ended September 30, 2021 is 114,300 GEOs, compared to 85,700 GEOs during the same period in 2020. 2021 production is trending towards the midpoint of the guidance range for the year,” the miner said in a statement.


The company is planning to further intensify its exploration activities in the coming months, among others at its Fox complex in Northern Ontario, Canada.


“Fox produced 8,300 GEOs during the period, compared to 5,800 GEOs for Q3 2020. Mining at Fox has transitioned to the Froome de-posit, where commercial production was reached on September 19, 2021, 3 months ahead of schedule. The underground infrastructure at Froome is expected to be fully developed by June 2022,” according to the statement.