Miners report first-quarter output ahead of financials

Several miners reported production results this week ahead of publishing financial results for the three months ended March 31. NYSE- and TSX-listed McEwen Mining reported 23% increased gold output to 24 696 oz and a decline in silver production of 10% to 655 339 oz in the period when compared with the same period a year earlier. The miner said its gold and silver recoveries were artificially low as a result of recent gold theft and were expected to return to normal in the current quarter.