https://www.miningweekly.com
Mining
Mining
mining

Stewart leaves as McEwen president and COO

19th March 2020

By: Mariaan Webb

Creamer Media Senior Deputy Editor Online

     

Font size: - +

NYSE- and TSX-listed McEwen Mining announced on Wednesday that Chris Stewart had left his position as president and COO, two days after the company reported its fourth-quarter and year-end results for 2019.

The company has failed to deliver on its operational forecasts in 2019 and executive chairperson and chief owner, Rob McEwen, earlier this week apologised to the investment community for not having delivered.

“For our shareholders past and present, our management, and myself, last year was a terrible year. We all know our share price fell out of the sky and I want to start this call with a very sincere apology to everyone. We gave you guidance throughout the year for our operational performance and we failed miserably. We did not deliver. By the end of the year, it was impossible to believe any forecast we provided for operations,” McEwen said in a conference call.

A successor has not been named for Stewart, whose responsibilities would be assigned to other members of the management team.

During 2019, McEwen’s consolidated production was 174 420 gold equivalent ounces (GEOs), which compared with 175 640 GEOs in 2018.

Edited by Creamer Media Reporter

Comments

Latest Multimedia

Magazine round up | 19 April 2024
Magazine round up | 19 April 2024
Updated 7 hours ago

Showroom

Weir Minerals Africa and Middle East
Weir Minerals Africa and Middle East

Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...

VISIT SHOWROOM 
Actom image
Actom

Your one-stop global energy-solution partner

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Resources Watch
Resources Watch
17th April 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.221 0.26s - 108pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: