- McEwen Mining released its preliminary Q4 and FY2021 results last week, reporting production of ~40,200 gold-equivalent ounces, a 29% increase from the year-ago period.
- This helped to push annual production above 154,000 GEOs for the year, beating the company's guidance midpoint of ~150,700 GEOs.
- For investors following the company, this is certainly a surprise, given that the company has had one of the best track records sector-wide when it comes to over-promising and under-delivering.
- With McEwen Mining oversold into a key support zone at $0.80, a bounce would not surprise me from current levels.
For further details see:
McEwen Mining: A Year Of Improvement With Guidance Met