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McEwen Mining has released its year-end results for 2020, and although it bluntly admits it was a “brutal” year financially, the company is due for a rebound in 2021.
They report a consolidated net loss of $152.3 million in 2020, or $0.38 a share.
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Rob McEwen, chair and chief owner, said, “2020 was a brutal year but we more than survived and have come out stronger from it. The ‘Going Concern Note’ has been removed from our financial statements.”
The Toronto-based mining company currently has seven operations on the go. Two in Argentina, two in Mexico, one in Nevada, and two in the Timmins area: The Lexam Property, and the Fox Complex, located 11 kilometres east of Matheson.