- McEwen Mining released its Q3 results earlier this month, reporting quarterly production of ~32,100 ounces of gold and ~792,100 ounces of silver.
- This represented a significant increase from the year-ago period, but it's worth noting that the company was up against very easy year-over-year comps.
- With commercial production having begun at Froome and a Fox Complex PEA on the way, the outlook for this asset is improving, and costs should finally improve at this asset.
- However, with McEwen Mining's costs still well above the industry average, and the company lagging many of its peers in production growth per share, I continue to see the stock as an inferior way to play the sector.
For further details see:
McEwen Mining: A Better Quarter From Fox With Froome Ahead Of Schedule