McEwen Mining Inc.

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 [...]

McEwen Mining Inc. today reported fourth quarter and full year results for the period ended December 31, 2021. Cash and liquid assets and working capital at December 31, 2021 were $63.5 million and $32.6 million, respectively. Our operations delivered production in line with our guidance. For the full year 2021, production was 154,410 gold equivalent ounces , above the midpoint of guidance for the year and 34% higher than [...]

McEwen Copper Inc., a subsidiary of McEwen Mining Inc. , is pleased to announce that Michael Meding has joined as Vice President of Andes Corporacion Minera SA. in Argentina. Mr. Meding is accountable for the overall direction and management of the Los Azules copper project in San Juan. He will play a significant role in taking McEwen Copper through its next phases of technical studies, upcoming IPO, and development as a [...]

McEwen Mining Inc. is pleased to announce a financing to fund continued exploration at the Fox Complex in the Timmins region of Ontario. These funds will be employed to build on the business case outlined in our recently announced preliminary economic assessment . The financing consists of a US$15,080,000 private placement offering of 14,500,000 flow-through common shares of the Income Tax Act ) priced at US$1.04 per [...]

McEwen Mining Inc. is pleased to provide summary results from the Fox Complex Preliminary Economic Assessment , which outlines a mine life of over twelve years, generating average annual production of 71,980 gold ounces, at average cash costs and all-in sustaining costs per ounce under $800 and $1,225, respectively. Peak annual gold production of approximately 100,000 ounces occurs in Years 6 to 10 of the mine life. "The [...]

McEwen Mining Inc. is pleased to report consolidated production for the full year of 2021 was 34% higher than in 2020 and Q4 2021 was 29% higher than in Q4 2020. Production guidance for 2021 was achieved. Full year production was 154,410 gold equivalent ounces consisting of 118,500 gold ounces and 2,572,000 silver ounces. In Q4, production was 40,150 GEOs consisting of 31,300 gold ounces and 682,700 silver ounces [...]

McEwen Mining Inc. reports that Anna Ladd-Kruger, the Company's Chief Financial Officer, is temporarily on leave for health reasons. She is expected to return to regular duties in the near future. During Mrs. Ladd-Kruger's absence, other executive officers of the Company will assume her duties, including Segun Odunuga CPA, CA, MBA, Vice President, Corporate Controller, who will take responsibility for the management of [...]

McEwen Mining Inc. reports that it has fallen below the New York Stock Exchange continued listing requirement related to the price of its common stock. The NYSE requires that the average closing price of a listed company's common stock be above US$1.00 per share, calculated over a period of 30 consecutive trading days. The Company was notified by the NYSE on January 5th, 2022 that the average price of its common stock for [...]

McEwen Copper Inc., a subsidiary of McEwen Mining Inc. , is pleased to provide a summary of the work at the Los Azules copper project in San Juan, Argentina, that started in earnest this July 2021. Our two immediate objectives on our path to designing and constructing the copper mine of the future are to: Advance Los Azules from its current stage of development to a Pre-Feasibility Study ; and Construct a new road, the [...]