McEwen Mining Inc. reports a resource update and announces the start of a new phase of drilling as part of its ongoing $5 million exploration program at the Gold Bar Property, located along the prolific Battle Mountain - Eureka Gold Trend in Nevada, USA. McEwen’s 2018 exploration goals are to grow known deposits and make new discoveries that will contribute to extending the life of the Gold Bar Mine. From Nov 2017 [...]
McEwen Mining Inc. would like to remind you of our quickly approaching Investor Day which is being held this Thursday, September 6th from 12 pm to 2 pm EDT. We are inviting all precious metals analysts, market letter writers, shareholders and contrarian investors to attend this event in person or participate in the global live webcast. We have made a lot of progress this year and we want to share all the details with you [...]
McEwen Mining Inc. invites all precious metals analysts, market letter writers, shareholders and contrarian investors to circle in their calendar, Thursday, September 6th from 12pm to 2pm EDT. We have made a lot of progress this year, which we want to share with you. We are inviting you to come and learn how: Exciting new drill intercepts at Black Fox have encountered high grades of up to 20 ounces per ton of gold; We [...]
McEwen Mining Inc. today announced that the next semi-annual dividend of a ½ cent per share will be paid on September 4, 2018, to shareholders of record on August 27, 2018. Reclassification of Previous Return of Capital to Dividend On February 14, 2018, McEwen Mining paid a semi-annual return of capital of ½ cent per share, for a total distribution of $1.7 million. Upon further evaluation of requirements [...]
McEwen Mining Inc. today announced that it has closed the previously announced $50 million senior secured 3-year term loan facility with Royal Capital Management Corp. as agent for the Lenders . As previously disclosed Rob McEwen, Chairman and Chief Owner of the Company, is participating as a Lender for $25 million of the total $50 million Term Loan. The Term Loan will be used to complete construction of the Gold Bar Mine [...]
TORONTO, Aug. 01, 2018 -- McEwen Mining Inc. is pleased to announce the appointment of Chris Stewart, P.Eng., as the President and Chief Operating Officer effective September 1st, 2018. Chris replaces Xavier Ochoa who resigned as of July 13, 2018 to pursue an opportunity closer to his home and family in South America. “McEwen Mining is in a growth phase that relies heavily on engineering and execution of projects [...]
TORONTO, July 31, 2018 -- McEwen Mining Inc. today reported second quarter results for the period ended June 30, 2018 . During Q2, gold equivalent ounces produced increased by 45% and all-in sustaining costs per ounce decreased by 2% compared to Q2 2017. Net cash flow from the business excluding project development costs was $6.3 million or $0.02 per share. A total investment of $26.3 million was made to further our [...]
TORONTO, July 25, 2018 -- McEwen Mining Inc. reports additional encouraging exploration results from its ongoing $15 million exploration program at the Black Fox Complex near Timmins, Ontario, Canada. McEwen’s 2018 exploration goals are to grow known deposits and make new discoveries to contribute to near-term gold production. During Q2 a total of 129,000 ft ) of surface exploration drilling was completed at Black [...]
TORONTO, July 09, 2018 -- McEwen Mining Inc. reports that it has filed the new Preliminary Economic Assessment prepared in accordance with National Instrument 43-101 on its 100% owned El Gallo Complex . Some of the details in the PEA document filed today differ from those disclosed in the news release dated May 25, 2018 entitled “McEwen Mining Announces New Preliminary Economic Assessment – Extending Life An [...]
TORONTO, June 14, 2018 -- McEwen Mining Inc. held its annual meeting of shareholders on May 24, 2018. Of the 337,086,060 shares outstanding and entitled to vote at the meeting, 229,983,667 shares were voted, or 68.2% of the outstanding shares entitled to vote. At the annual meeting, the shareholders elected the nine individuals nominated to be directors and ratified the appointment of Ernst & Young LLP as the [...]
TORONTO, May 25, 2018 -- McEwen Mining Inc. is pleased to announce results of a new Preliminary Economic Assessment study evaluating the potential extension of production from its 100% owned El Gallo Complex in Sinaloa, Mexico. The proposed redevelopment plan evaluated in the PEA is called Project Fenix. The key outcomes of Project Fenix include an average annual production rate of 47,000 ounces gold equivalent , low [...]
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