Operations · Santa Cruz, Argentina (49%)
San José
San José is a high-grade underground gold and silver mine in Santa Cruz, Argentina
Q2 2026 results, Aug 5, 2026; release, May 21, 2026; McEwen fact sheet, Sept 2026.
Gold and silverCopper
Santa Cruz, Argentina (49%)
McEwen owns 49%; Hochschild owns 51% and operates it
In production since 2007, San José is owned and operated in partnership between McEwen and Hochschild Mining. The property covers 141 concessions and 260,000 hectares, 20 km north of Cerro Negro.
McEwen’s share is 59,000 to 64,000 gold equivalent ounces in 2026
McEwen’s 49% share was 31,601 GEO in the first half of 2026. Cash costs are planned at US$2,000-2,200 and all-in sustaining costs at US$2,300-2,500 per GEO. Production is targeted at 60,000-70,000 GEO a year.
Q2 2026 results, Aug 5, 2026. Forward-looking; see the cautionary statement.
San José paid McEwen a US$49.4 million dividend in May 2026
That brought McEwen’s 2026 dividends from San José to US$58.2 million.
Resources and reserves
| Deposit | Category | Grade | Contained |
|---|---|---|---|
| Gold | Proven and Probable reserve | 3.71 g/t | 101,600 oz |
| Silver | Proven and Probable reserve | 189 g/t | 5.2 million oz |
| Gold | Measured and Indicated | 2.50 g/t | 38,000 oz |
| Gold | Inferred | 3.81 g/t | 160,000 oz |
| Silver | Measured and Indicated | 169 g/t | 2.6 million oz |
| Silver | Inferred | 222 g/t | 9.3 million oz |
As of Dec 31, 2025 (S-K 1300), resources exclusive of reserves: McEwen’s Reserves and Resources page.
Qualified persons: Channa Kumarage, P.Eng., Vice President, Operations (technical contents, including reserves) and Luke Willis, P.Geo., Director of Resource Modelling (resources), both Qualified Persons as defined by SEC S-K 1300 and NI 43-101 (presentation, Sept 2026, slide 2). Resources are exclusive of reserves. See the cautionary statement.
Photos: McEwen Inc.