McEwen Mining Inc.'s (MUX) CEO Rob McEwen on Q2 2018 Results - Earnings Call Transcript

Aug. 01, 2018 6:29 PM ETMcEwen Mining Inc. (MUX), MUX:CA4 Comments
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McEwen Mining Inc. (NYSE:MUX) Q2 2018 Earnings Conference Call August 1, 2018 11:00 AM ET


Rob McEwen - Chief Owner

Andrew Elinesky - Chief Financial Officer

Sylvain Guérard - Senior Vice President of Exploration


Jake Sekelsky - Roth Capital Partners

John Tumazos - Very Independent Research

Bhakti Pavani - Euro Pacific Capital

Howard Flinker - Flinker & Co

Matt Barry - H.C. Wainwright

Bill Powers - Private Investor


Good morning, ladies and gentlemen. Welcome to the McEwen Mining’s Second Quarter Financial Conference Call. At this time, all participants are in a listen-only mode. Later, we will conduct the question-and-answer session and instructions will follow at that time. [Operator Instructions] As a reminder, this call is being recorded. If you have not already done so, please click on the link located in the upper right corner of the webcast in order to access the presentation that management team will be referring to on the call this morning. This presentation will also be uploaded on the McEwen Mining website after the call.

I would now like to hand the call over to Rob McEwen, Chief Owner. Please go ahead sir.

Rob McEwen

Thank you, operator. Good morning fellow shareowners and curious investors. Joining me on this call today are Andrew Elinesky, our CFO; and Sylvain Guérard, our Senior Vice President of Exploration. Today, we’re going to talk about our second quarter and first half results for 2018 both financial and operational, in addition we will talk about our successful exploration program and our new incoming President and COO, Chris Stewart.

For this quarter and half year, we held our production costs in check, but significantly increased our gold and silver production. In the quarter, all-in sustaining costs per ounce were down 2% and production was up 45% over the comparable period in 2017. In the first

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