McEwen lowers production forecast on delays at new Nevada mine

Precious metals miner McEwen Mining on Wednesday lowered its gold production guidance by 6%, after its new Gold Bar and Black Fox mines, in Nevada and Ontario, respectively, performed weaker than expected in the second quarter.

The gold guidance for the year is now to produce 152 000 oz, which will still represent about 12% growth on the 135 203 oz produced in 2018.