McEwen Mining has announced a record Q2 production increase at 20,988 oz of gold and 778,308 oz of silver—30% year-on-year and 20% higher than Q1 2013. By Q2 2013, McEwen Mining officials added, the company produced 65,794 gold eq. oz while remaining on track for 130,000 gold eq. oz this year.
Chief Executive Rob McEwen was pleased with a “solid operating performance” amid expansion at McEwen’s El Gallo 1 mine in Mexico, which is expected to increase processing capacity by 50% for $5 million. “Despite the depressed state of the precious metal sector, we continue to seek alternative ways to expand our production,” he said.
McEwen Mining is a mid-tier Americas-focused gold and silver producer with principal assets including the San José mine in Santa Cruz, Argentina, with a 49% interest; the El Gallo Complex in Sinaloa, Mexico; the Gold Bar project in Nevada; and the Los Azules copper project in Argentina.