Markets

UPDATE: McEwen Mining Up Nearly 3% As Declares Commercial Production El Gallo Phase 1 in Mexico

McEwen Mining Inc. (MUX.TO) 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 went up by nearly 3% to $3.72 but is trading closer to year low $2.02. Over 17,000 MUX shares have changed hands.

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