Source: www.marketwatch.com
McEwen, a gold and silver producer focused on the Americas, is aiming to quality for inclusion in the S&P 500 index by improving its profitability. The company currently has three producing mines – San José mine in Santa Cruz, Argentina (49% interest), Black Fox mine in Canada, and the El Gallo Fenix project in Mexico. Its development projects are Gold Bar in Nevada, U.S. and El Gallo Silver in Mexico. Recently McEwen announced a resource update for the Gold Bar project, resulting in an increase of 92,000 ounces of Indicated resources to 23.9 million tonnes, and an additional 82,000 ounces of Inferred resources to 7.5 million tonnes, mostly in the Gold Pick and Gold Ridge areas.
