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) has the goal to qualify for inclusion in the S&P 500 Index by creating a profitable gold and silver producer focused in the Americas. McEwen's principal assets consist of the San Jose mine in Santa Cruz, Argentina (49% interest), the El Gallo Gold mine and El Gallo Silver project in Mexico, the Black Fox mine in Timmins, Canada, the Gold Bar project in Nevada, and the Los Azules copper project in Argentina.
McEwen has a total of 333 million shares outstanding. Rob McEwen, Chairman and Chief Owner, owns 24% of McEwen.
McEwen Mining Inc
Marston Webb International