Toronto-based McEwan Mining has reported that commercial production has commenced at their Gold Bar Mine in Nevada, USA.
The President and COO of McEwan Mining, Chris Stewart, commented: “The Gold Bar Mine is performing as designed. This summer we will be making modifications to the ore crushing and stacking system to mitigate the impact of (recent) challenging winter weather.
Under the leadership of our new General Manager Jack Henris, our team at Gold Bar is focused on identifying and implementing operational enhancements to increase our daily throughput. I’m pleased to see that the mine has operated at 125% of our planned 7,200 tons per day production rate on several days during the past month.”
About McEwan Mining’s Gold Bar Mine
The Gold Bar mine is located in the southern Roberts Mountains of the Battle Mountain-Eureka-Cortez gold trend in Eureka County, Central Nevada.
Within the Gold Bar property, the Gold Pick, Gold Ridge and Cabin Creek gold deposits have been included in McEwen Mining’s plans of open pit operations, with Gold Bar South now also considered for addition to the mining plan. Historical production in the area from 1991 to 1994 includes 134,000 gold ounces from Gold Pick and Gold Ridge at an average mining grade of 0.074 ounces per ton (2.5 grams per tonne).
25 miles southeast of the Gold Bar property is Waterton Global’s Ruby Hill Mine and 25 miles north and northwest is the Barrick Nevada operation, with a 2018 cumulative production of 2.1 million ounces of gold from its Cortez and Goldstrike mines.
About McEwan Mining
McEwen Mining is a diversified gold and silver producer with operating mines in Nevada, Canada, Mexico and Argentina. It also owns a large copper deposit in Argentina. McEwen 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 has approximately 360 million shares outstanding. Rob McEwen, Chairman and Chief Owner, owns 22% of the shares.
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