McEwen Mining Inc. is pleased to report that William Shaver, P. Eng., has been appointed to the Board of Directors effective immediately. Mr. Shaver is a seasoned mining executive with over 50 years of management and executive experience in all facets of mine design, construction, and operations. In 1980, he was a founder of Dynatec Corporation, which became one of the leading contracting and mine operating groups in [...]
McEwen Mining Inc. announces that its subsidiary, McEwen Copper Inc., has closed the first tranche of the Series B private placement offering announced on July 6th, 2021 , issuing 4,000,000 common shares at a price of $10.00 per share for gross proceeds of $40,000,000. Subscription for the remaining 4,000,000 common shares is available to qualified accredited investors, subject to a $1 million minimum investment and [...]
McEwen Mining Inc. today reported its second quarter and first half results for the period ended June 30th, 2021. Our operations delivered strong production results in line with our expectations, and we are on track to meet our 2021 production guidance of 141,000 to 160,400 GEOs. We continue to execute on our turnaround strategy and have made significant progress both from an operational and a financial perspective . We [...]
McEwen Mining Inc. invites you to join our conference call on Thursday, August 5th, 2021, from 2:00 pm EDT, where management will discuss our Q2 2021 financial results and project developments and follow with a question-and-answer session. Questions can be asked directly by participants over the phone during the webcast. The webcast will be archived on McEwen Mining's website at https://www.mcewenmining.com/media [...]
McEwen Mining Inc. reports consolidated production for Q2 2021 was 31,700 gold ounces and 611,800 silver ounces, or 40,800 gold equivalent ounces, compared to 19,200 GEOs in Q2 2020. Overall production from our operations is on track with our previously announced 2021 production guidance. Consolidated Production Summary Q1 Q2 H1 2021 Guidance 2020 2021 2020 2021 2020 2021 Gold 29,200 23,300 15,700 31,700 44,900 55,000 [...]
McEwen Mining Inc. announces a non-brokered private placement financing of up to 8,000,000 common shares of its wholly-owned subsidiary McEwen Copper Inc. at a subscription price of US$10.00 per common share, for gross proceeds of up to US$80 million . McEwen Copper currently has 17,500,000 common shares outstanding. A lead order to purchase 50% of the Offering has been committed by Rob McEwen, Chairman and Chief Owner of [...]
McEwen Mining Inc. announces that on Wednesday, June 23, 2021, it acquired 4,963,455 common shares of NevGold Corp. , and shares purchase warrants exercisable to acquire an additional 2,481,727 common shares of NevGold at $0.60 per share until June 22, 2023, pursuant to the terms of a private transaction. As of this date, McEwen beneficially owns securities representing 10% of the currently outstanding shares of NevGold [...]
McEwen Mining Inc. reminds investors that its annual meeting of shareholders will be held virtually at: www.meetingcenter.io/236635772 on June 28, 2021 at 4:00 p.m. Eastern Time. The formal part of the meeting will be followed by a company presentation by management providing an update on our operations, project developments and expansion plans, and by a question-and-answer session. The event will be archived and become [...]
McEwen Mining Inc. is pleased to report strong exploration results from the ongoing drilling at the Stock West project near Timmins, Ontario. The Stock West target, initially discovered in late-2019, is being drill-tested as part of a fully funded two-year $20 million exploration and delineation program at the Fox Complex. Drilling is designed to support a Preliminary Economic Assessment , currently underway, to evaluate [...]
McEwen Mining Inc. today reported its first quarter results for the period ended March 31st, 2021. Production was 23,300 gold ounces and 493,200 silver ounces, or 30,600 gold equivalent ounces , at the average gold:silver price ratio for the quarter of 68:1. Cash and liquid assets and positive working capital at March 31st, 2021, were $52.5 million and $35.3 million, respectively. Two financings were completed for [...]
McEwen Mining Inc. invites you to join our conference call on Monday, May 10, 2021, from 11:00 am EDT, where management will discuss our Q1 2021 financial results and project developments and follow with a question-and-answer session. Questions can be asked directly by participants over the phone during the webcast. The webcast will be archived on McEwen Mining's website at https://www.mcewenmining.com/media following the [...]
McEwen Mining Inc. reports consolidated production for Q1 2021 of 23,300 gold ounces and 493,200 silver ounces, or 30,600 gold equivalent ounces, compared to 35,100 GEOs in Q1 2020. All operations delivered production in line with budget. Production is expected to increase over the balance of the year and to be 20-40% greater than 2020. Consolidated Production Summary Q1 Full Year Full Year Guidance 2020 2021 2020 2021 [...]