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Mining results roundup: Argonaut, McEwen, Premier, Americas Silver, Excellon

Bnamericas Published: Friday, May 03, 2019

Argonaut Gold posted Q1 net income of US$4.1mn, down from US$12.2mn in the same period last year.

Revenue rose to US$73.9mn from US$52.9mn with gold equivalent sales up 42% at 56,674oz, partly offset by a 2% decline in average realized prices.

Production at the El Castillo and La Colorada mines, both of which are in Mexico, was up 33% at 54,169oz

***

McEwen Mining recorded a US$10.1mn net loss for Q1, compared to US$5.2mn in the same quarter last year.

Production was 36,315oz gold equivalent, down from 44,344oz. The company has the El Gallo mine in Mexico, a 49% stake in San José in Argentina and mines and projects in Canada and the US.

***

Premier Gold Mines produced 17,614oz gold and 57,681oz silver at its Mercedes mine in Mexico in Q1.

Production remains on track to meet guidance of 75,000-85,000oz gold and 225,000-250,000oz silver.

***

Americas Silver produced 1.3Moz silver equivalent at its Cosalá operations in Mexico in Q1, up 24% from the same period last year.

Cash costs were negative US$30.48/oz silver, net of byproduct credits, with all-in sustaining costs (AISCs) at negative US$25.85/oz.

The company also has the Galena mine in the US.

***

Excellon Resources produced 522,261oz silver equivalent at its Platosa mine in Mexico in Q1, up 8%.

Silver production was 34% higher at 260,445oz, with lead and zinc up 8% and 2%, respectively.

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