McEwen Mining announces that starting tomorrow the Company’s common shares are expected to begin trading on the NYSE and TSX after giving effect to the 1-for-10 reverse split previously announced on July 12th, 2022. Following effectiveness of the Reverse Split the Company expects to regain compliance with NYSE continued listing requirements and remain listed on the NYSE. Pursuant to the approval by the shareholders at the [...]
McEwen Mining announces that it is proceeding with a 1-for-10 reverse split of the common shares of the Company with an effective date on or about July 26th, 2022. Notice has been provided to the NYSE, and MUX's common shares are expected to begin trading on the NYSE and the TSX, on a consolidated basis, on or about July 26th, 2022. At the MUX Annual Meeting of Shareholders, held on July 7th, 2022, the Company's [...]
Nova Minerals Ltd. is pleased to announce that it has appointed experienced mining executive Ms. Anna Ladd-Kruger, to the Board of Directors in the capacity of an independent Non-Executive Chair of the Board, to add to the technical and corporate governance as the Company progresses the development of its flagship Estelle Gold Project in Alaska. Anna is an accomplished, well-rounded mining executive with over 20 years of [...]
McEwen Copper is pleased to provide its 3rd progress report on the advancement of its large Los Azules copper project located in the San Juan province, Argentina. Improving Our Knowledge & Confidence of This Copper Resource The objectives of our 59,000-meter drilling program at Los Azules are to: upgrade the Inferred mineral resources to Indicated; conduct metallurgical, hydrological and geotechnical drilling to [...]
McEwen Copper is pleased to announce the closing of the second tranche of the previously announced private placement offering of up to 8,000,000 common shares of McEwen Copper Inc. priced at US$10.00 per common share. The second tranche is comprised of a $10 million investment by the Victor Smorgon Group advised by Arete Capital Partners, both of Australia, and $5 million from other investors, for total gross proceeds of [...]
McEwen Mining reported its Q1 results for the period ended March 31st, 2022. Production was 20,850 gold oz and 336,500 silver ounces, or 25,100 gold equivalent oz (GEOs), compared to 30,600 GEOs during Q1 2021. Average cash costs(2) per GEO sold from our 100%-owned mines in Q1 was $1,696, below our guidance of $1,940 to 2,100 per GEO. Average all-in sustaining costs per GEO sold from our 100%-owned mines was $2,146, below [...]
McEwen Mining(announces that Anna Ladd-Kruger, Chief Financial Officer, has decided to retire to focus on her health and family; she will depart after the first quarter reporting is complete and an orderly transition is in place. CFO responsibilities will be assumed on an interim basis by Perry Y. Ing until a new executive transitions into the position. Mr. Ing, CA, CPA, CFA, is an experienced executive who previously [...]
McEwen Copper Inc., a subsidiary of McEwen Mining Inc. , is pleased to provide a progress report on recent successes and future work planned at the Los Azules copper project in San Juan, Argentina. A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/34d069c1-1896-482a-966f-053692a76f2f A photo accompanying this announcement is available at [...]
McEwen Mining Inc. is pleased to provide an update on its 2022 exploration program at the Fox Complex properties near Timmins, Canada, and at the Gold Bar properties in Nevada. The programs are focused on expanding known mineral resources. At the Fox Complex, the objective is to shorten the payback period outlined in the Fox Complex PEA. At Gold Bar, drilling is following up on mineralized trends in and around the Pick [...]
McEwen Mining Inc. is pleased to announce that it has amended its $50 million senior secured term loan facility to gain financial flexibility and entered into a new $15 million unsecured subordinated promissory note . "Reduced cash flow from operations in Q1 has placed McEwen Mining in a challenging position which we needed to overcome. I have invested a further $15 million by way of an unsecured Promissory Note so that [...]
McEwen Mining Inc. is pleased to provide production and cost guidance for 2022. We are estimating production of 153,000 to 172,000 gold equivalent ounces in 2022. Cash costs and all-in sustaining costs per GEO sold for 2022 from our 100%-owned mines are expected to be in the range $1,310-1,410 and $1,570-1,690, respectively. At San Jos?, production is estimated to be 69,500 to 77,500 GEOs at an AISC per GEO sold of [...]
McEwen Mining Inc. is pleased to announce the closing of the previously announced private placement offering of 14,500,000 flow-through common shares of the Income Tax Act ) priced at US$1.04 per flow-through common share for total gross proceeds of US$15,080,000 . The sole bookrunner for the Offering was Cantor Fitzgerald Canada Corporation and PearTree Canada structured the flow-through donation placement. The proceeds [...]
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