McEwen Mining Inc. (NYSE:MUX,TSX:MUX) has announced that year-end 2012 mineral resource and reserve estimates and the grades for gold and silver have risen from 2011 for the San José mine (49% owned by McEwen Mining).
As quoted in press release:
The San José mine is one of the highest-grade precious metal mines in the Americas. In 2012, more than 84,000 ounces of gold and 5.85 million ounces of silver were extracted, which was a new record for the mine (see Figure 3). Production attributable to McEwen Mining for 2012 was 48,876 ounces of gold and 2.92 million ounces of silver. Net of this production, total reserves increased by 7% for gold and 20% for silver, to an estimated 1.8 million tonnes at a grade of 6.44 gpt gold and 470 gpt silver, for a total of 367,100 ounces of gold and 26.8 million ounces of silver.