Production
Mineralized material at San José is processed at a mill site, with part of the concentrate material produced being processed into doré, and the balance filtered and shipped as concentrate. The mine has been in commercial production for 15 years and is estimated to continue producing gold and silver into 2028, according to the operator's 2022 Annual Report. The life of the mine continues to be updated as exploration advances and reserve estimates are renewed.
2022 production from the San José mine consisted of 55% doré and 45% concentrate, with McEwen Mining's attributable production of 38,600 gold ounces and 2,593,000 silver ounces, for a total of 69,100 gold equivalent ounces (using a gold-to-silver price ratio of 84:1 for the year).
The 2023 forecast for our attributable production from San José is of 40,000 gold ounces and 2,300,000 silver ounces for a total of 68,000 gold equivalent ounces (using a gold to silver price ratio of 83:1), at costs per gold equivalent ounce of $1,450 for cash costs and $1,800 for all-in sustaining costs.