McEwen Mining -12%, says holding back production on second Mexico mine

|About: McEwen Mining Inc. (MUX)|By:, SA News Editor

McEwen Mining (MUX -12.2%) CEO Rob McEwen says the company is holding back production for its second Mexico mine that just received permitting, preferring to wait for higher silver prices.

McEwen says the 12% increase in gold and silver reserves at MUX's San Jose mine in Argentina is a result of more spending on exploration.