Production
Production results for McEwen Mining’s share in San José during Q1 was 10,328 gold ounces and 661,915 silver ounces, representing 23,057 gold equivalent ounces. The average grade mined at San José during the quarter was 6.87 gpt gold and 459 gpt silver. For the quarter, cash costs equaled $966 per gold equivalent ounce. All-in sustaining cost were $1,520.
Full-year production for 2012 totaled 42,026 ounces gold, 2,916,742 ounces silver, representing 98,117 gold equivalent ounces. The average grade mined for year 2012 is 5.79 gpt gold and 417 gpt silver. For the full year, cash costs were $739 per gold equivalent ounce.
Key Production Statistics
|
San José – 100%*
|
Q1 2013 |
Q4 2012
As Adjusted |
Q1
2012
|
Total 2012
As Adjusted |
Ore production (tonnes)
|
108,379 |
128,940 |
115,531 |
509,851 |
Average grade gold (gpt)
|
6.87 |
6.00 |
5.98 |
5.79 |
Average head silver (gpt)
|
459 |
422 |
416 |
417 |
Average gold recovery (%)
|
88.1 |
90.4 |
91.6 |
90.4 |
Average silver recovery (%)
|
84.4 |
88.3 |
87.8 |
87.0 |
Gold produced (ounces)
|
21,078 |
22,498 |
20,357 |
85,768 |
Silver produced (ounces)
|
1,350,847 |
1,544,917 |
1,355,678 |
5,952,533 |
| Gold sold (ounces)
|
12,817 |
23,155 |
14,340 |
84,282 |
| Silver sold (ounces)
|
889,078 |
1,553,281 |
1,032,045 |
5,896,674 |
| Co-product total cash cost Au (US$)
|
996 |
840 |
686 |
778 |
| Co-product total cash cost Ag (US$)
|
18.14 |
14.57 |
13.27 |
14.25 |
| Gold equivalent total cash cost (US$)
|
966 |
794 |
688 |
757 |
| Co-product all-in sustaining cash cost Au (US$)
|
1,568 |
1,298 |
1,233 |
1,226 |
| Co-product all-in sustaining cash cost Ag (US$)
|
28.54 |
22.50 |
23.83 |
22.45 |
| Gold equivalent co-product all-in sustaining cash cost (US$)
|
1,520 |
1,226 |
1,236 |
1,192 |
| |
|
|
|
|
| McEwen Mining – 49% Share |
|
|
|
|
| Gold produced (ounces) |
10,328 |
11,024 |
9,975 |
42,026 |
| Silver produced (ounces) |
661,915 |
757,009 |
664,282 |
2,916,741 |
| Gold equivalent produced (ounces) |
23,057 |
25,582 |
22,750 |
98,117 |
*McEwen Mining holds a 49% attributable interest in the San José mine.
McEwen Mining's share of production from San José in 2013 is forecasted at 102,700 gold eq. oz (45,000 gold oz and 3,000,000 silver oz).
San José technical information on this page was derived from a report titled "Technical Report on the San José Silver-Gold Mine, Santa Cruz, Argentina" with an effective date of December 31, 2011. The report was prepared by Eugene Puritch, P. Eng., David Burga, P. Geo, Alfred Hayden, P. Eng. And Fred Brown, CPG, Pr.Sci.Nat., all of who are considered independent of the Company as defined in Section 1.5 of NI 43-101. To access the report click here.
San José technical information on this page was derived from a news release titled “McEwen Mining Provides Q1 2013 Operational And Development Update” released on May 9, 2013 by McEwen Mining Inc. To access the news release click here.
All resource and reserve estimates reported by McEwen Mining Inc. are calculated in accordance with 43-101 and the Canadian Institute of Mining and Metallurgy Classification system. These standards differ significantly from the requirements of the U.S. Securities and Exchange Commission. Mineral resources which are not mineral reserves do not have demonstrated economic viability.