HCHDF - McEwen says production resumes at San José mine

McEwen Mining (MUX) Argentina's Santa Cruz provincial government has lifted the temporary shutdown of its San José mine mandated in response to a jump in COVID-19 infections.The company owns 49% of the San José mine, which is operated by 51% owner Hochschild Mining (HCHDF).McEwen shares had plunged 5% when the shutdown was announced on Nov. 30 and the company said Q4 production likely would be hurt as a result.McEwen's attributable production for 2019 at San José totaled 51.7K gold oz. and 3.35M silver oz., for 91.7K gold equiv. oz. at all-in-sustaining costs of $1,140/oz.McEwen shares should be avoided due to overvaluation relative to peers and industry-lagging margins, Taylor Dart writes in a new analysis published on Seeking Alpha.

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McEwen says production resumes at San José mine