McEwen Mining Inc.

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 [...]

McEwen Mining Inc. is pleased to announce that it has closed its previously announced non-brokered private placement, issuing 7,669,900 common shares of the Corporation on a flow-through basis at a price per share of CDN $1.63 per FT Share for total gross proceeds of CDN$12,500,000. Rob McEwen commented: “These funds will be used for exploration to facilitate the rapid expansion of our discoveries at Stock and Grey Fox [...]

McEwen Mining Inc. is pleased to announce the highlights of a positive Feasibility Study for its 100%-owned Fenix Project, which is located in the State of Sinaloa, Mexico. “The Fenix Feasibilty Study envisions a 9.5-year mine life with an attractive after-tax IRR of 28% using $1,500/oz gold and $17/oz silver. At current gold and silver prices, the project’s after-tax IRR almost doubles and the NPV more than triples [...]

McEwen Mining Inc. is deeply saddened to announce the passing of our dear friend and Director of 15 years, Dr. Leanne Baker. “I will miss Leanne’s clear and wise counsel, her warm friendship and courage. After her dear family, mining was one of her big passions and the industry has lost a valued champion!” stated Rob McEwen, Chairman & Chief Owner. “Leanne was a special person – fearless, embodying strength of conviction [...]

McEwen Mining Inc. is pleased to announce that due to strong investor demand, it has increased its previously announced non-brokered private placement from 6,136,000 common shares to 7,056,400 common shares of the Corporation issued on a flow-through basis at a price per share of CDN $1.63, with an option to increase the Offering from 920,400 FT Shares to 1,058,460 FT Shares exercisable at any time up to two business days [...]

McEwen Mining Inc. is pleased to announce a strategic financing to further our successful exploration program at our properties in the Timmins region of Ontario. The Company intends to issue 6,136,000 common shares of the Corporation issued on a flow-through basis at a price per share of CDN $1.63, with an option to increase the Offering by 920,400 FT Shares exercisable at any time up to two business days prior to the [...]

McEwen Mining Inc. reports that the temporary shutdown mandated by the provincial government of Santa Cruz that applied to several mines in the region has been lifted and the San Jos? mine has resumed production. As detailed in our release dated 30th November 2020, a significant increase in Covid-19 infections prompted the government to act to halt the spread. McEwen Mining owns 49% of the San Jos? mine, which is operated [...]

McEwen Mining Inc. is reporting that a significant increase in COVID-19 infections in the Santa Cruz province in Argentina has resulted in the temporary lockdown of various mines including our 49%-owned San Jos? mine. Production for Q4 is likely to be impacted by the shutdown. Limited operations are expected to resume in the coming days, subject to permission from the authorities. CAUTION CONCERNING FORWARD-LOOKING [...]