Copper $ 2.74 +0.00 -0.18% Volume: February 21, 2017
Silver $ 17.98 -0.08 -0.44% Volume: February 21, 2017
Gold $ 1,235.07 -2.48 -0.2% Volume: February 21, 2017
TSX: MUX $ 5.28 -0.15 -2.76% Volume: 363,788 February 21, 2017
NYSE: MUX $ 4.03 -0.10 -2.42% Volume: 3,771,485 February 21, 2017
1,235.07 -2.48 -0.2% Volume: Pricing delayed 20 minutes February 21, 2017 6:50 PM
Operations
Operations

El Gallo Mine Production

In 2015 El Gallo Mine produced a total of 63,366 gold equivalent ounces from 62,967 ounces of gold and 29,917 ounces of silver at a 75:1 gold-to-silver ratio. As a result of higher grades and better recoveries throughout 2015, this exceeded our guidance for the year, originally estimated at 50,000 gold equivalent ounces. Costs per gold equivalent ounce were $440 total cash cost and $581 all-in sustaining cost.

2016 production guidance was for 55,000 gold equivalent ounces at costs per gold equivalent ounce of $550 total cash cost and $620 all-in sustaining cost. Our 2016 production of 54,929 gold ounces and 25,336 silver ounces. Using a 75:1 gold-to-silver ratio it equates to 55,266 gold equivalent ounces, in line with the annual guidance.

Three Years Production Results for El Gallo Mine

 

Full-Year

Full-Year

Full-Year

 

2015

2014

2013 

Average gold grade mined

3.37

1.40

1.31

Ore mined (thousand tonnes)

1,209

1,271

1,278

Average grade gold produced (gpt)

3.41

1.58

1.22

Gold produced (thousand oz)

63.0

38.2

30.7

Silver produced (thousand oz)

29.9

25.9

20.7

Gold equivalent produced (thousand ounces)

63.4

38.7

31.1

Gold sold (thousand ounces)

62.2

35.6

32.7

Silver sold (thousand ounces)

35.9

19.4

22.7

Gold equivalent sold (thousand ounces)

 62.7 35.9 33.1

Gold equivalent total cash cost (US$)

440

875

749

Gold equivalent all-in sustaining cash cost (US$)

581

1,194

 1,164

2013 gold-to-silver ratio - 52:1;  2014 gold-to-silver ratio - 60:1;  2015 gold-to-silver ratio - 75:1.
Gold recoveries are projected to reach 70% through on-going leaching.

The El Gallo information on this page was derived from  a news release titled “McEwen Mining Reports 2015 Full Year and Q4 Results", released on March 11, 2016 by McEwen Mining Inc.(to access the news release click here) and from McEwen Mining's Q4 2015 financials (to access the report click here).

Cautionary Note

This website contains certain forward-looking statements and information and investors are encouraged to review our "Cautionary Note Regarding Forward Looking Statement".

 

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