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BRIEF-Mcewen Mining Cuts 2019 Production Guidance For Gold By 6%

Published 2019-07-17, 07:20 a/m
Updated 2019-07-17, 07:30 a/m
© Reuters.  BRIEF-Mcewen Mining Cuts 2019 Production Guidance For Gold By 6%

July 17 (Reuters) - McEwen Mining Inc MUX.TO :

* MCEWEN MINING REPORTS Q2 2019 PRODUCTION RESULTS

* MCEWEN MINING INC - CONSOLIDATED PRODUCTION FOR Q2 2019 OF 36,216 GOLD OUNCES AND 850,525 SILVER OUNCES, OR 45,881 GOLD EQUIVALENT OUNCES

* MCEWEN MINING INC - PRODUCTION GUIDANCE FOR YEAR 2019 HAS BEEN REDUCED BY 6% FOR GOLD AND IS UNCHANGED FOR SILVER

* MCEWEN MINING INC - ON A GOLD EQUIVALENT BASIS, SILVER IS FORECAST TO REPRESENT 20% OF 2019 CONSOLIDATED PRODUCTION OF 190,000 GEOS.

* MCEWEN MINING INC - PRODUCTION RESULTS IN QUARTER WERE MIXED

* MCEWEN MINING INC - GOLD BAR PRODUCED 7,940 GOLD OUNCES IN Q2

* MCEWEN MINING INC - REDUCED OUR 2019 PRODUCTION GUIDANCE FOR GOLD BY 6%

* MCEWEN MINING - RAMP-UP TO FULL GOLD BAR PRODUCTION PROGRESSING BUT DELAYS IN Q1 ADVERSELY IMPACTED GOLD PRODUCTION IN Q2 AND FORECAST FOR 2019

* MCEWEN MINING SAYS AT GOLD BAR AND BLACK FOX, WE HAVE HAD OUR HEAD DOWN AND WERE PUSHING HARD ALL QUARTER LONG

* MCEWEN MINING INC - IN Q2, GOLD BAR AND BLACK FOX MINES, PERFORMED BETTER THAN IN Q1, BUT BELOW OUR FORECAST

* MCEWEN MINING INC SAYS DIDN'T ACHIEVE FORECAST NUMBERS AT GOLD BAR AND BLACK FOX MINES IN QUARTER

* MCEWEN MINING INC - GOLD BAR MINE GOLD PRODUCTION IS INCREASING, AND CO EXPECTS MUCH BETTER PERFORMANCE IN SECOND HALF OF 2019

* MCEWEN MINING INC - GOLD BAR MINE REVISED PLAN IS TO PRODUCE 15,000 GOLD OUNCES IN Q3 AND 17,000 GOLD OUNCES IN Q4

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