McEwen Mining Inc (NYSE:MUX)
$ 12.215 0.865 (7.62%) Market Cap: 603.53 Mil Enterprise Value: 577.20 Mil PE Ratio: 7.40 PB Ratio: 1.25 GF Score: 62/100
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Q4 2018 McEwen Mining Inc Earnings Call Transcript

Feb 21, 2019 / 04:00PM GMT
Release Date Price: $19.9 (+3.65%)
Operator

Good morning, ladies and gentlemen, and welcome to the McEwen Mining 2018 Full Year and Q4 Conference Call. I will now hand the call over to Rob McEwen, Chief Owner.

Robert Ross McEwen
McEwen Mining Inc. - Chairman & CEO

Thank you, operator. Good morning, ladies and gentlemen. Welcome, fellow shareowners. 2018 was a milestone year for McEwen Mining. And with me today to tell you about last year and provide guidance for this year are: Chris Stewart, President and Chief Operating Officer; Sylvain Guérard, Senior Vice President, Exploration; and Andrew Elinesky, Chief Financial Officer.

The 2018 milestones were numerous. Record production growth. We produced a record 175,640 ounces of gold equivalent, which was a 15% improvement over 2017. In addition, we generated $51 million in earnings from operations. There was an emphasis on exploration, and we had our largest exploration budget ever, a total of $35 million, that resulted in mine life extension in Nevada at our Gold Bar mine. And in Timmins, it generated much enthusiasm with numerous new

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