{"id":17296,"date":"2014-03-14T08:27:50","date_gmt":"2014-03-14T12:27:50","guid":{"rendered":"https:\/\/cablemanpro.com\/wallstreetpr\/?p=17296"},"modified":"2014-03-14T08:27:50","modified_gmt":"2014-03-14T12:27:50","slug":"mcewen-mining-inc-nysemux-q4-financial-and-operating-results","status":"publish","type":"post","link":"https:\/\/cablemanpro.com\/wallstreetpr\/mcewen-mining-inc-nysemux-q4-financial-and-operating-results-17296","title":{"rendered":"McEwen Mining Inc. (NYSE:MUX) Q4 Financial And Operating results"},"content":{"rendered":"<p style=\"text-align: justify;\">Boston, MA 03\/14\/2014 (wallstreetpr) &#8211; <b>McEwen Mining Inc. (NYSE:MUX)<\/b> a leading producer of precious metals in the US has reported its Q4 and full year financial and operating results.<\/p>\n<p style=\"text-align: justify;\"><b>Q4 Highlights<\/b><\/p>\n<p style=\"text-align: justify;\">McEwen Mining Inc. (NYSE:MUX)\u2019s fourth quarter net loss came in at $11.3 million with the loss including a net tax write down for explorations in Nevada amounting to $18.8 million. Earnings from operations in the fourth quarter came in at $6.5 million, down from a high of $19.2 million reported for the same quarter in 2012 and $16.3 million for the third quarter of the same fiscal year. This was mainly as a result of a drop in prices for gold and silver.<\/p>\n<p style=\"text-align: justify;\">McEwen Mining\u2019s gold production for the quarter was up to 37,167 ounces with silver production coming in at 857,011 ounces. This was an increase of 15% compared to the fourth quarter of 2012. Full year production as a result, exceeded set guidance growing by 7% and was also up by 33% compared to productions in 2012.<\/p>\n<p style=\"text-align: justify;\">McEwen Mining Inc. (NYSE:MUX)\u2019s total cash costs for the quarter were down by 12% compared to the fourth quarter of 2012 and consistent with the third quarter of the same fiscal year. As of December 31, 2013 McEwen Mining had $25.6 million worth of liquid assets with no debt<\/p>\n<p style=\"text-align: justify;\"><b>San Jose mine Argentina<\/b><\/p>\n<p style=\"text-align: justify;\">McEwen Mining\u2019s production in San Jose mine in the fourth quarter was up by 15% compared to the same period of 2012 and also up by 3% compared to the third quarter. Full year saw the mine produce 108,326 gold equivalent ounces that exceeded set guidance by 5%. Full year production on the other hand was 10% higher, compared to productions in 2012.<\/p>\n<p style=\"text-align: justify;\">Gold equivalent cash costs for the quarter was $747 per ounce lower by 12% compared to costs of the same quarter in 2012 and 3% higher compared to costs for the third quarter.<\/p>\n<p style=\"text-align: justify;\">McEwen Mining Inc. (NYSE:MUX) was up by 3.85% on Thursday trading session closing the day at a high of $3.51<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Boston, MA 03\/14\/2014 (wallstreetpr) &#8211; McEwen Mining Inc. (NYSE:MUX) a leading producer of precious metals in the US has reported its Q4 and full year [&hellip;]<\/p>\n","protected":false},"author":15,"featured_media":17305,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[2236],"tags":[2556,2557],"stock_ticker":[],"class_list":["post-17296","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-mcewen-mining-inc-nysemux","tag-nysemux","entry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>McEwen Mining Inc. 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