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McEwen Mining: Q1 2021 Production Results

Apr 19, 2021
TORONTO, April 19, 2021 (GLOBE NEWSWIRE) -- McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) reports consolidated production for Q1 2021 of 23,300 gold ounces and 493,200 silver ounces, or 30,600 gold equivalent ounces(1)(GEOs), compared to 35,100 GEOs in Q1 2020. All operations delivered production in line with budget. Production is expected to increase over the balance of the year and to be 20-40% greater than 2020.
 
Consolidated Production Summary

Fox Complex, Timmins, Canada (100%)
 
Black Fox produced 5,200 GEOs during the period, compared to 8,300 GEOs in Q1 2020. Mining at Black Fox has begun transitioning to the Froome deposit, where a progressive ramp-up is planned through Q3, with commercial production expected in Q4. At the Stock property, surface exploration is underway with four drills at the Stock West target, and one drill at the historic Stock Mine. A Preliminary Economic Assessment (PEA) to expand the production from the Fox Complex will be released late in Q2. The exploration budget for 2021 is $9 million.
 
San José Mine, Santa Cruz, Argentina (49%)
 
During Q1, San José produced 9,500 gold ounces and 492,300 silver ounces, for a total of 16,700 GEOs, compared to 14,900 GEOs in Q1 2020. The Company received $5 million in dividends during the quarter. San José performed well after a challenging 2020 that was impacted by COVID-19 restrictions. In 2021, the exploration budget is $10 million.
 
Gold Bar Mine, Nevada (100%)
 
During the quarter, Gold Bar produced 7,400 GEOs, compared to 9,100 GEOs in Q1 2020. Updated resource and reserve estimates were completed. Production in Q2 is expected to be higher than Q1. The exploration budget for 2021 is $5 million and will be focused on testing for near-mine targets and on further defining oxide resources on the neighbouring Tonkin property.
 
El Gallo Project, Sinaloa, Mexico (100%)
 
In Q1, El Gallo produced 1,300 GEOs from residual leaching of the heap leach pad. Operations were briefly disrupted by a blockade of the mine entrance by members of the local community, which has been resolved. A new 10-year agreement has been reached between the El Gallo operation and the neighbouring communities.
 
COVID-19 Update
 
The worsening COVID-19 infection rate in Ontario is being closely monitored; to date it has not had a material impact on operations or exploration activities at the Fox Complex.
 
Financial Results
 
Operating costs for the quarter ended March 31, 2021 will be released with our 10-Q Quarterly Financial Statements. Our next quarterly management conference call will occur on Monday, May 10th at 11:00 am EDT to discuss the Q1 2021 results.
 
ABOUT MCEWEN MINING
 
McEwen Mining is a diversified gold and silver producer and explorer focused in the Americas with operating mines in Nevada, Canada, Mexico and Argentina. It also owns a large copper deposit in Argentina.

 


Source: https://www.mcewenmining.com/investor-relations/press-releases/press-release-details/2021/McEwen-Mining-Q1-2021-Production-Results/default.aspx

Socio comercial de Recursos Humanos - Argentina

El Socio Comercial de Recursos Humanos supervisará todos procesos de reclutamiento y todas las actividades de recursos humanos para las operaciones existentes y los nuevos proyectos en Argentina. 

Global Procurement Lead

The Global Procurement Lead will oversee all procurement and supply chain activities for existing operations and new projects, to develop and execute strategic sourcing aligned with McEwen’s overall spend. 

Senior Data Analyst
We are looking for a dynamic, self-motivated professional with a passion for data. This analytical and data expert needs to establish McEwen’s analytical reporting platform in PowerBi / SQL Databases, as well as work closely in the integration between our various platforms and data sources.
Security Guard

The Security Guard, reporting directly to the Security Supervisor, is responsible for operating the mine security gate house and monitoring all activity coming on or leaving the mine site.

Mill Manager

The Mill Manager’s main responsibility is to ensure the safe and economical operation of the milling and metallurgical department.

Sample Preparation Technician x 2

Primary responsibility of a Sample Preparation Technician is to perform sample preparation of underground drill core, chips and muck samples as well as other duties given by the Shift Crew Leader during the course of a shift.

Refiner/Metallurgical Technician

Reporting to the Chief Metallurgist, the Refiner/Metallurgical Technician will ensure the safe, secure, efficient, and cost-effective operation and maintenance of the refinery to meet or exceed safety, production and cost targets, while ensuring environmental compliance.

Mill Supervisor
• Provide technical support and direction for the Mill team.
• Implementation of standards.
• Plant testing programs and operational parameters.
Multiple Mill Operator Positions

As an integral part of the McEwen Mining Mill Operations team, the Mill Operators will efficiently perform all required duties while maintaining a safe and collaborative work environment.

Senior Project Engineer

Reporting to the Manager of Technical Services, the Senior Project is responsible to assist in leading the Engineering department in the design and scheduling of the underground mine development.