McEwen Mining, Fortuna, and Gran Colombia All See Production Increases

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Things are looking up for a few mines…

“McEwen Mining Inc. produced 36,495 gold equivalent ounces — 20,483 ounces of gold and 832,594 ounces of silver – in the third quarter, a rise of 47% year-on-year,” reported Kitco.

“Fortuna Silver Mines Inc. saw third quarter silver production rise in its Mexican-based San Jose mine and Peru-based Caylloma mine. Silver production totaled 1,104,914 ounces of silver, an 8% rise year-over-year,  while gold production dipped 16% to 4,515 ounces in the quarter, the company says.”

“Gran Colombia Gold Corp. produced 29,186 ounces of gold in the third quarter, a rise of 8.4% year-on-year.”

The day’s biggest mover was Chinese silver, dropping 1.9 percent. US silver prices saw a 1.6 percent decline. Japanese silver fell 1.3 percent yesterday. The price of Indian silver flattened after two days of downward movement.

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Chinese gold bullion ended the day, after the 1.3 percent drop on Monday. US gold bullion closed 1.0 percent lower. The price of Japanese gold bullion declined 0.5 percent. The price of Indian gold bullion held steady.

The price of Chinese platinum bar fell 1.4 percent. US platinum bar finished the day down 1.0 percent. Japanese platinum bar gained 0.7 percent to finish.

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US palladium bar saw its price rise 0.7 percent. Japanese palladium bar saw little change in its price on Monday. Chinese palladium bar stayed flat.