Month: April 2019

McEwen Mining Inc. is pleased to report its first quarter results for the period ended March 31, 2019. Production during the quarter was 36,315 gold equivalent ounces. The operational challenges we experienced in the first two months of the quarter have largely been resolved. We made progress implementing better mining practices at the Black Fox mine and advanced towards commercial production at the Gold Bar mine. Nevertheless, the temporary production delays at Black Fox and a slower start-up at Gold Bar did lower our revenue in the first quarter, contributing to our consolidated net loss of $10.1 million, or $0.03 per share. Our consolidated production rebounded during the month of April with approximately 16,500 GEOs, and we are back on track to deliver our guidance for 2019.

During the quarter, Plomosas produced 11,267 tonnes of ore, with ramping up of activities achieving a new monthly record of 3,873 tonnes in February, and March mining steady at 3,855 tonnes. Mined grades averaged 10.7% zinc and 2.5% lead, with zinc grades improving through the quarter, achieving 12.4% zinc in March. Lead grades averaged 2.5%, with overall zinc and lead combined grades to increase as the mine stoping operations transitions to higher grade stopes.

New Gold Inc. today announces the voting results from the election of its Board of Directors at New Gold’s Annual General Meeting of Shareholders held on April 24, 2019 in Toronto, Ontario.

“The Cosalá Operations had an excellent quarter mining and processing an average of approximately 1,750 tonnes per operating day, resulting in greater silver and by-product metal production, with lower cash costs and AISC,” said Americas Silver President and CEO Darren Blasutti.

Agnico Eagle Mines Limited today announced that, at the annual and special meeting of shareholders held on April 26, 2019, each of the ten nominees listed in the management information circular dated March 12, 2019, were elected as directors of Agnico Eagle.