McEwen Mining Inc. reports that activities at its El Gallo Project in Mexico have been temporarily suspended as the result of an illegal blockade of the main access to the property by members of nearby communities. Certain individuals involved in the blockade believe that the annual payments and infrastructure improvements made to the local communities should increase significantly. El Gallo has operated harmoniously with [...]
McEwen Mining Inc. today reported fourth quarter and full year results for the period ended December 31, 2020, along with the outlook for 2021. "2020 was a brutal year but we more than survived and have come out stronger from it. The 'Going Concern Note' has been removed from our financial statements; we released two feasibility studies that shows the potential to extend the life of our Mexican operations by 9.5 years [...]
McEwen Mining Inc. is pleased to announce the filing of an updated technical report prepared in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects , for the Gold Bar Mine . The technical report is available on SEDAR under the Company's profile at www.sedar.com. Financial Analysis The FS Base Case using a gold price assumption of $1,500/oz generates a life-of-mine discounted after-tax [...]
McEwen Mining Inc. is pleased to announce the filing of a technical report prepared in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects , for its 100%-owned Fenix Project , which is located in the State of Sinaloa, Mexico. The technical report is available on SEDAR under the Company's profile at www.sedar.com. "The Fenix Feasibility Study envisions a 9.5-year mine life with an [...]
McEwen Mining Inc. wants you to know about of the world's largest ever incentive prize of $100 million. "As a proud member of the XPRIZE Foundation's Vision Circle, I am helping spread the extraordinary news of their newest and boldest challenge ever, XPRIZE Carbon Removal at https://www.xprize.org/prizes/elonmusk, which is aimed at tackling the biggest threats facing humanity - climate change and the imbalance in Earth's [...]
McEwen Mining Inc. , reports that it has closed the previously announced registered direct offering of common shares for aggregate gross proceeds of US$31.5 million. "I deeply regret being in a position where we had to finance at this price, a price well below what I believe to be our real value. However, the timing of this financing was critical for two key reasons: One, it completes the funding required to bring the [...]
McEwen Mining Inc. , announces an oversubscribed registered direct offering with several existing and new institutional investors for the sale of an aggregate of 30,000,000 shares of common stock at a purchase price of $1.05 per share . "The timing of this offering was critical for two reasons: 1. It completes the funding required to bring the Froome deposit into production later this year. Froome is our production bridge [...]
McEwen Mining Inc. is pleased to extend a warm welcome to all our new shareholders, provide production guidance for 2021 of an expected 141,000 to 160,400 gold equivalent ounces , and discuss one of our most valuable yet under-appreciated assets, the Los Azules copper project. Beyond the potential of our gold and silver assets, Los Azules provides MUX with large indirect exposure to the growth of the electric vehicle [...]
McEwen Mining Inc. is pleased to provide an update on its progress so far this year along with a timeline for deliverables in 2021 and recent financing activities. Timmins, Canada The Fox Complex has a combined resource base of 3 million oz of gold and we have ambitious plans for these assets. Independent technical consultants have been employed to develop a Preliminary Economic Assessment to expand the production from [...]
McEwen Mining Inc. is pleased to announce a financing to fund development of the Froome deposit, which is expected to reach commercial production in Q4 2021, located at the Fox Complex in the Timmins region of Ontario. The financing consists of a US$11,821,000 private placement offering of 11,628,000 flow-through common shares of the Income Tax Act ) priced at US$1.02 per flow-through common share led by Cantor Fitzgerald [...]
McEwen Mining Inc. is pleased to announce an updated Indicated Resource Estimate of 499,000 contained gold ounces and Probable Reserve Estimate of 302,000 recoverable gold ounces for the Gold Bar Mine in Nevada . See Tables 1-3 for the updated estimates. Gold Bar’s estimated after-tax net present value discounted at 8% and using a gold price of $1,500/oz is in the range of $62 to $76 million; while the upside case at a [...]
McEwen Mining Inc. reports consolidated production for the full year of 2020 was 92,100 gold ounces and 2,020,000 silver ounces, or 115,600 gold equivalent ounces at a gold:silver ratio of 86:1. Consolidated production for Q4 2020 was 24,100 gold ounces and 532,400 silver ounces, or 31,100 GEOs at the average gold:silver ratio for the quarter of 77:1. Consolidated Production Summary Q4 Full Year 2019 2020 2019 2020 Gold [...]
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