Markets

UPDATE: McEwan Mining Up 4% on Q3 2012 Operational Results

A pen next to a calculator.
Credit: Shutterstock photo

McEwen Mining Inc. (MUX.TO) reported that gold equivalent production during third quarter 2012 totaled 25,200 ounces. Year-to-date, 72,530 gold equivalent ounces have been produced. The company said it remains on track to produce approximately 105,000 gold equivalent ounces in 2012.

At the end of the third quarter, the company had cash and liquid assets of $20.6 million, comprised of cash of $18.5 million, silver and gold bullion at market value of $2.1 million.

MUX went up by nearly 4% to $4.59, moving closer to year high $6.17. Volume traded is over 40,000.

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) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


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

Other Topics

Commodities

Latest Markets Videos