McEwen Mining Inc. (NYSE:MUX,TSX:MUX) announced its production results for Q2 2014. For the second quarter, production came to 31,200 gold equivalent ounces comprised of 18,863 ounces of gold and 740,276 ounces of silver, consistent with the company’s guidance.
As quoted in the press release:
This is a decrease of 8% compared to Q2 2013 and 3% compared to Q1 2014. Full-year guidance remains unchanged at 135,000-140,000 gold eq. oz as production is expected to increase in Q4, due to 1) 50% more processing capacity at El Gallo 1; and 2) higher grades at San José. Production costs will be reported in August 2014 with Q2 financials.
Nexus Gold Corp. (TSXV:NXS) is currently drilling on the Walker Ridge Gold Project in Nevada - a multiple target, Carlin-type gold exploration property. They have recently submitted an expanded Plan to increase the current 8 pad plan to 29 drill pads.
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