McEwen Mining Declares Commercial Production El Gallo Phase 1 in Mexico

By Staff,

Shutterstock photo

McEwen Mining Inc. ( MUX ) has "successfully" achieved commercial production at El Gallo Phase 1 in Sinaloa State, Mexico on January 1, 2012.

Subsequent to the first pour, the mine has been steadily increasing mine, crusher and leaching production and is now operating at 90% of the designed capacity. Final ramp-up is expected to be achieved during the First Quarter.

El Gallo Phase 1 is forecasted to produce approximately 30,000 ounces in 2013.

MUX was unchanged at $3.70 in the after-hours market.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2014 All rights reserved. Unauthorized reproduction is strictly prohibited.

This article appears in: Investing Commodities
Referenced Stocks: MUX

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