Major expenditures in Q4 included $0.7 million for the El Gallo 1 mine expansion, $2.8 million in exploration costs, $0.5 million in annual land payments and $3.1 million in general and administrative expenses.
President Ian Ball provides a video of the company performance, to view, please visit:
About McEwen Mining Inc
McEwen Mining (NYSE:MUX) (TSE:MUX) goal is to qualify for inclusion in the S&P 500 Index by creating a high growth, profitable gold and silver producer focused in the Americas and Europe. McEwen Mining's principal assets consist of the San Jose Mine in Santa Cruz, Argentina (49% interest), the El Gallo Mine and El Gallo Silver project in Sinaloa, Mexico, the Gold Bar project in Nevada, USA, and the Los Azules copper project in San Juan, Argentina.
McEwen Mining has a total of 299 million shares outstanding and 305 million fully diluted. Rob McEwen, Chairman and Chief Owner, owns 25% of the Company.
McEwen Mining Inc
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