McEwen Mining's gold production falls far short of expectations that the company will cut its 2019 production target

Published: Sep 11, 2019 10:19

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Rob McEwen, chief executive of McEwen Mining, said recently that the company would further cut its gold and silver production forecasts for 2019 as production from its Gold Bar and Black Fox gold project fell far short of expectations. Among them, the company cut its gold production forecasts for the Black Fox and Gold Bar projects this year to 36000-40, 000 ounces and 30, 000-33000 ounces, respectively.

SMM, Sept. 11-McEwen Mining CEO Rob McEwen said recently that the company will further cut its production forecast for gold and silver in 2019 as production from its Gold Bar and Black Fox gold projects falls far short of expectations.

Among them, the company cut its gold production forecasts for the Black Fox and Gold Bar projects this year to 36000-40, 000 ounces and 30, 000-33000 ounces, respectively.

So the company's overall gold production target fell to 131000-138000 ounces this year, roughly the same as 2018, but the silver production target remained unchanged at 3.23 million ounces.

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