McEwen Mining Inc. has decided to suspend the distribution of ½ cent per share, which would have been paid on March 15th to shareholders of record on March 8th, 2019. “We have experienced operating issues at our Black Fox Mine and with the startup of our Gold Bar Mine. While viewed as temporary, these issues have resulted in much lower revenue this quarter than planned. As a result, we decided the prudent and [...]
McEwen Mining Inc. today reported fourth quarter and full year results for the period ended December 31, 2018. For the year, McEwen Mining achieved record production of 175,640 gold equivalent ounces , at cash costs of $817 per GEO and all-in sustaining costs of $1,002 per GEO. Our 2019 production guidance is 210,000 GEOs, a 20% increase over 2018 production, at average cash costs and AISC per GEO of $877 and $1,034 [...]
McEwen Mining Inc. invites you to join our conference call following the release of our Q4 and full year 2018 financial results on Thursday, February 21st, 2019 at 11:00 am EST. Questions can be asked directly by participants over the telephone or can be emailed in advance to info@mcewenmining.com. Thursday, February 21st at 11am EST Toll Free US & Canada: 1 630-9911 Outside US & Canada: 1 229-8828 Conference ID Number [...]
McEwen Mining Inc. is pleased to report that construction of the Gold Bar Mine in Nevada’s prolific Battle Mountain-Cortez Trend is nearing completion, just 14 months after breaking ground in November 2017. The Mine is on schedule for inaugural gold production in late February 2019. Commercial production will follow when the Mine’s systems reach a steady state, which is expected by the end of Q1. The project [...]
McEwen Mining Inc. reports annual consolidated production in 2018 was 135,124 gold ounces and 3,032,727 silver ounces, or 175,561 gold equivalent ounces. Consolidated Production Summary Q4 Full Year Full Year 2018 Guidance 2017 2018 2017 2018 Gold 48,609 29,291 109,947 135,124 128,000 Silver 926,739 819,473 3,178,742 3,032,727 3,225,000 GEOs 60,965 40,217 152,329 175,561 171,000 Using a 75:1 gold to silver ratio. 2018 [...]
McEwen Mining Inc. is pleased to announce that it has closed its previously announced "bought deal" private placement of 6,634,000 common shares of the Company that will qualify as "flow-through shares" of the Income Tax Act ) at a price of US$2.26 per Flow-Through Share for total gross proceeds of US$15,000,000 . The Offering was completed through a syndicate of underwriters led by Cantor Fitzgerald Canada Corporation as [...]
McEwen Mining Inc. is pleased to announce a strategic financing to continue our successful ongoing exploration program at our properties in the Timmins region of Ontario. “We are issuing 2% of our currently outstanding shares to raise $15,000,000 at $2.26 per share to fund our 2019 exploration program on our Timmins properties. We want to build on the exploration success of this year’s effort, where we [...]
McEwen Mining Inc. today reported third quarter results for the period ended Sept. 30, 2018 . During Q3, gold equivalent ounces produced increased by 51% and all-in sustaining costs per GEO sold decreased by 3% compared to Q3 2017. Net cash flow from the business excluding project development costs was $2.2 million or $0.01 per share. Total expenditure of $35.5 million was incurred to further our long-term production [...]
McEwen Mining Inc. reports consolidated production for Q3 2018 of 33,806 gold ounces and 745,172 silver ounces, or 43,742 gold equivalent ounces, using a 75:1 gold to silver ratio. Consolidated production for the nine months ended Sept. 30, 2018 was 135,344 GEOs, which is 48% higher than the comparable period in 2017. Consolidated Production Summary Q3 YTD Full Year 2018 Guidance 2017 2018 2017 2018 Gold 19,051 33,806 [...]
Rob McEwen, through his wholly owned company Evanachan Limited , and McEwen Mining Inc. have subscribed today for 3,930,932 Units of Great Bear Resources Ltd. of 1020-800 West Pender Street, Vancouver, BC, V6C 2V6 at a price of $1.45 per Unit for an aggregate gross investment of $5,699,851.40. The subscriptions by Evanachan and MUX were made by way of private placement, which formed part of a larger offering by GBR on the [...]
McEwen Mining Inc. reports an updated resource estimate for the Froome Deposit and highly encouraging exploration results from its ongoing $15 million exploration program at the Black Fox Complex near Timmins, Ontario, Canada. Highlights include: Froome Footwall: Drilling intersected 53.93 g/t gold over 8.29 m including 322.86 g/t gold over 1.34 m, along the footwall structure located approximately 150 m North of the main [...]
McEwen Mining Inc. reports an initial Inferred resource estimate for the Stock East Deposit, and highly encouraging early stage exploration results from targets located on the Stock Property, part of the Black Fox Complex near Timmins, Ontario, Canada. Highlights include: The initial Stock East Deposit Inferred resource estimate is 114,000 gold ounces at a grade of 2.54 g/t , which is part of a 2 km long mineralized trend [...]
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