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BRIEF-McEwen Mining Says Exploring Potential Sale Of Its Mexican Assets

Published 2019-04-09, 06:09 a/m
© Reuters.  BRIEF-McEwen Mining Says Exploring Potential Sale Of Its Mexican Assets
MUX
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April 9 (Reuters) - McEwen Mining Inc MUX.TO :

* MCEWEN MINING REPORTS Q1 2019 PRODUCTION RESULTS

* MCEWEN MINING INC - CONSOLIDATED PRODUCTION FOR Q1 2019 OF 26,789 GOLD OUNCES AND 703,217 SILVER OUNCES, OR 36,166 GOLD EQUIVALENT OUNCES

* MCEWEN MINING INC - EXPLORING POTENTIAL SALE OF OUR MEXICAN ASSETS

* MCEWEN MINING INC - HALF OF NET PROCEEDS FROM POTENTIAL SALE WOULD BE USED TO ADVANCE OUR DEVELOPMENT PROJECTS

* MCEWEN MINING INC - ISSUES THAT PUSHED START-UP OF COMMERCIAL PRODUCTION AT GOLD BAR FROM Q1 INTO Q2 HAVE LARGELY BEEN RESOLVED

* MCEWEN MINING INC - WORK ON FENIX PROJECT FEASIBILITY STUDY AND PERMITTING IS PROGRESSING

* MCEWEN MINING INC - GUIDANCE HAS BEEN REDUCED BY 10% AS A RESULT OF SLOWER THAN EXPECTED START-UP AT GOLD BAR MINE, USA

* MCEWEN MINING - SAN JOS É AND EL GALLO MINES PERFORMING WELL, ARE ON-TRACK TO DELIVER OVER 50% OF PLANNED 2019 PRODUCTION OF 205,000 GOLD EQUIVALENT OUNCES

* MCEWEN MINING INC - EXPECT GOLD BAR TO ACHIEVE COMMERCIAL PRODUCTION DURING Q2 2019, AND PRODUCE 50,000 GOLD OUNCES DURING FULL YEAR

* MCEWEN MINING INC - SAN JOSÉ MINE IS ON-TRACK TO ACHIEVE FULL YEAR GUIDANCE FOR 2019 OF 92,000 GEOS

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