Commercial Production Achieved at McEwen Mining’s Gold Bar Mine in Nevada

McEwen Mining Inc. reports that commercial production has been achieved recently at the Gold Bar Mine, Nevada, USA.

Highlights

• The Gold Bar Mine has accomplished commercial production during Q2 as scheduled
• Jack Henris, General Manager of Nevada, has recently been hired by McEwen to take care of operational improvement. Jack has more than three decades of experience, lately as the Vice President of Mining and Geotechnical at Goldcorp. He has wide-ranging mine management experience in Nevada, having been employed at Newmont for 12 years and Barrick for nine years.
• Gold recoveries from the heap leach are tracking decently compared to the Feasibility Study design criteria. Production is progressively growing since the company’s first gold pour on February 16^th, as more ore is positioned on the heap leach pad.
• 2019 production guidance is 50,000 gold oz. at an AISC of $975 per oz.

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 challenging winter weather like we had in 2018/2019, which was the wettest winter ever recorded in the United States. 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.

Chris Stewart, President and Chief Operating Officer, McEwen Mining