McEwen Mining Sets 2030 Gold Production Targets and Los Azules Development Timeline
McEwen Mining (MUX) has outlined long-term production goals, targeting between 250,000 and 300,000 gold ounces annually by 2030. A key component of this growth strategy involves the Los Azules project, which is currently on track for a Final Investment Decision (FID) in mid-2027. Despite these long-term ambitions, the company's recent quarterly performance was described by Executive Vice-Chairman Ian Ball as 'unacceptable.' The management noted significant difficulties during the quarter, emphasizing that the primary objective of generating profit remains unmet under current operational conditions.
Tickers: $MUX
Topics: earnings report gold mining management commentary quarterly results