Copper $ 2.52 +0.01 +0.32% Volume: January 28, 2015
Silver $ 17.26 +0.31 +1.83% Volume: January 30, 2015
Gold $ 1,283.70 +25.59 +2.03% Volume: January 30, 2015
TSX: MUX $ 1.59 +0.10 +6.71% Volume: 243,647 January 30, 2015
NYSE: MUX $ 1.25 +0.06 +5.04% Volume: 1,320,099 January 30, 2015
1,283.70 +25.59 +2.03% Volume: Pricing delayed 20 minutes January 30, 2015 6:55 PM
Operations
Operations

San José Mine – Argentina (49% Ownership)

Production

Production for McEwen Mining’s 49% share in the San José mine during Q4 2014 was 13,344 gold oz and 959,995 silver oz. Annual production totalled 46,139 gold oz and 3,169,821 silver oz.

Production costs for 2014 will be released with year-end financials in early March 2015.

McEwen Mining’s forecast share of production from San José in 2015 is 46,500 gold oz and 3,100,000 silver oz. 

San José Mine Operating Results

 

 

2015 Guidance

Full-Year 2014(1)

Full-Year 2013

Q4 2014(1)

Q4 2013

San José – 100%

 

 

 

 

 

Ore production (tonnes)

550,000

571,018

536,937

152,689

156,150

Average grade gold (gpt)

6.15

5.77

6.42

6.19

6.03

Average head silver (gpt)

414

404

425

454

399

Average gold recovery (%)

87.0

88.8

89.2

89.6

87.6

Average silver recovery (%)

87.0

87.2

86.7

87.8

87.0

Gold produced (oz)

95,000

94,161

98,827

27,233

26,529

Silver produced (oz)

6,300,000

6,469,022

6,356,801

1,959,174

1,741,275

McEwen Mining – 49%*

 

 

 

 

 

Gold produced (oz)

46,500

46,139

48,425

13,344

12,999

Silver produced (oz)

3,100,000

3,169,821

3,114,833

959,995

853,225

* McEwen Mining holds a 49% attributable interest in the San José mine.

San José technical information on this page was derived from a news release titled “McEwen Mining Reports Record Production in 2014” released on January 15, 2015 by McEwen Mining Inc. To access the news release click here.
Cautionary Notes

McEwen Mining reports its resource estimates in accordance with standards of the Canadian Institute of Mining, Metallurgy and Petroleum referred to in Canadian National Instrument 43-101 ("NI 43-101"). These standards are different from the standards generally permitted in reports filed with the SEC. Under NI 43-101, McEwen Mining reports measured, indicated and inferred resources, measurements which are generally not permitted in filings made with the SEC. According to Canadian NI 43-101 criteria, the estimation of measured resources and indicated resources involve greater uncertainty as to their economic feasibility than the estimation of proven and probable reserves. Under SEC Industry Guide 7 criteria, measured, indicated and inferred resources are considered Mineralized Material. The SEC considers that in addition to greater uncertainty as to the economic feasibility of Mineralized Material compared to proven and probable reserves, there is also greater uncertainty as to the existence of Mineralized Material. U.S. investors are cautioned not to assume that measured or indicated resources will be converted into economically mineable reserves. The estimation of inferred resources involves far greater uncertainty as to their existence and economic viability than the estimation of other categories of resources.

Mineral resources which are not mineral reserves do not have demonstrated economic viability.

This website contains certain forward-looking statements and information and investors are encouraged to review our Cautionary Note Regarding Forward Looking Statement and our disclaimer regarding Reliability of Information San Jose Mine / Minera Santa Cruz S.A.

 

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