McEwen Mining Inc.

McEwen Mining Inc. today reported its third quarter results for the period ended September 30th, 2020. Cash and liquid assets and working capital at September 30th, 2020 were $18.8 million and positive $21.6 million, respectively. Production rebounded during Q3 after the successful restart of all four of our operations, which were temporarily suspended during Q2, largely due to actions taken to prevent the spread of [...]

McEwen Mining Inc. reports consolidated production for Q3 2020 was 23,100 gold ounces and 575,000 silver ounces, or 30,400 gold equivalent ounces, at the average gold:silver price ratio for the quarter of 79:1. Production rebounded during Q3 after the successful restart of all four of our operations, which were temporary suspended during Q2, largely due to actions taken to prevent the spread of COVID-19 amongst our [...]

McEwen Mining Inc. is pleased to announce the appointment of Anna Ladd-Kruger, CPA, as Chief Financial Officer effective immediately. Anna is an accomplished mining executive with over 20 years of leadership experience with proven achievements in directing and leading mining organizations. "I’m very pleased to welcome Anna Ladd-Kruger to McEwen Mining. Anna is an experienced and innovative leader with broad global [...]

McEwen Mining Inc. is pleased to announce that it has closed its previously announced "bought deal" private placement in the upsized amount of 6,298,166 common shares of the Company that will qualify as "flow-through shares" of the Income Tax Act ) at a price of US$1.65 per Flow-Through Share for total gross proceeds of US$10.4 million . The Offering was completed through a syndicate of underwriters led by Cantor [...]

McEwen Mining Inc. is pleased to announce a strategic financing to continue our successful exploration program at our properties in the Timmins region of Ontario. The financing consists of a US$9,912,500 bought deal private placement offering of 6,000,000 flow-through common shares of the Income Tax Act ) priced at US$1.65 per flow-through common share led by Cantor Fitzgerald Canada Corporation as sole bookrunner, and [...]

McEwen Mining Inc. today reported its second quarter results for the period ended June 30th, 2020. Cash and working capital at June 30th, 2020 were $18.4 million and $25.5 million, respectively. Gold and silver production was adversely impacted by two factors: first, the temporary suspension of operations at all of our mines as a result of steps taken to stop the spread of COVID-19; and second, by operational issues [...]

McEwen Mining Inc. reports consolidated production for Q2 2020 was 15,700 gold ounces and 359,400 silver ounces, or 19,200 gold equivalent ounces, at the average gold:silver price ratio for the quarter of 104:1. Production was significantly impacted by temporary mine suspensions at all four of our operations as a result steps taken to stop the spread of COVID-19, along with operational issues at several mines [...]

McEwen Mining Inc. is pleased to announce that it has successfully refinanced its $50 million senior secured term loan facility . As part of the refinancing, Sprott Private Resource Lending II , LP has replaced Royal Capital Management Corp. as a lender and the administrative agent for the Term Loan; and Evanachan Limited, a corporation wholly-owned by Rob McEwen, remains a lender . The principal amount of the loan [...]

McEwen Mining Inc. is pleased to provide an update on our Gold Bar and Black Fox operations and mine exploration drilling. Black Fox Mine, Canada Mining at Black Fox was suspended from March 26th to April 14th to allow time for management to evaluate and adapt to operating with the risks associated with the COVID-19 pandemic. Since April 14th the mine has been operating following corporate and provincial COVID-19 [...]

McEwen Mining Inc. today reported its first quarter results for the period ended March 31, 2020. Production was 29,200 gold ounces and 553,200 silver ounces, or 35,100 gold equivalent ounces , at the average gold:silver price ratio for the quarter of 94:1. A non-cash impairment charge for the Gold Bar mine of $83.8 million was recorded during Q1. The write down is necessary because a change in the geological [...]