McEwen Mining sees FY24 130K-145K GEOs attributable to company

McEwen Mining reports full year and fourth quarter 2023 production results that represent a significant improvement year-over-year and compared to prior quarters. Consolidated production in Q4 2023 was 49,850 gold equivalent ounces or GEOs, and full year production for 2023 was 154,600 GEOs. These results were consistent with our latest forecast and within our guidance range for the year . Gold Bar production accelerated during Q4 and the month of December, making new records for the quarter and the month, through the addition of mining crews and the completion of the heap leach pad expansion. At Fox, production continued steady above 10,000 GEOs. San Jose production continued to strengthen throughout the year, past the operational challenges of the first quarter…In 2023, Gold Bar produced 43,700 gold ounces, within guidance range, Fox produced 44,450 gold ounces, also within guidance range, and San Jose produced 65,650 GEOs, slightly below guidance range…For 2024, we expect to produce in the range of 130,000 to 145,000 GEOs attributable to MUX from all operations . The reduction compared to 2024 is primarily driven by lower output from our Fox operation and from San Jose, which is operated by our partner Hochschild Mining. “We are currently evaluating potential areas for enhancing production and profitability, and we will update our guidance accordingly once any further improvements are implemented.”