McEwen Mining forecasts reduced output in 2024

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Elsewhere, the Fox complex in Ontario continued its steady production, finishing above 10,000 GEOs for the recent quarter. The San José mine in Argentina also overcame operational challenges of the first quarter, producing 19,150 GEOS in Q4.

For the full year, Gold Bar produced within guidance range at 43,700 GEOs, while Fox produced 44,450 GEOs, also within guidance range. San José, meanwhile, produced slightly below guidance at 65,650 GEOs.

Looking ahead, McEwen said the Fox and San José operations, which are operated by partner Hochschild Mining, will likely see reduced output in 2024, and has set of guidance of 130,000-145,000 GEOs for the year.

At Fox, the company will be starting the development of underground ramp access to the Stock orebodies, particularly Stock West, which it says will become the primary source of feed following the completion of mining the Froome deposit in 2026. This capital investment is…

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