Production
The San José Mine is held in partnership between McEwen Mining (49% ownership) and Hochschild Mining (51% ownership). The mine has been in production since 2007 and, according to an estimate from December 31, 2017, production will continue into 2024. The life of the mine continues to be updated as exploration advances and the mine's reserves are renewed.
McEwen Mining's guidance for 2018 production at San José was for 48,000 gold ounces and 3,225,000 silver ounces, for a total of 91,000 gold equivalent ounces (based on a 75:1 gold-to-silver ratio), at costs per ounce of gold equivalent of $860 for cash costs and $1,110 for all-in-sustaining costs.
Our 2018 production from San José was of 47,331 gold ounces and 3,020,696 silver ounces, for a total of 87,607 gold equivalent ounces (using a 75:1 gold-to-silver ratio). For the nine months ending September 30, 2018, costs per ounce of gold equivalent were $864 for cash costs and $1,078 for all-in-sustaining costs. Below are presented annual production numbers, costs and sales over the most recent three years.