TORONTO, May 25, 2018 -- McEwen Mining Inc. today announced that it intends to issue up to US$50 million in Senior Secured Notes to complete construction the Gold Bar Mine in Nevada. Negotiations are underway with an independent third-party lender, whereby they would purchase 50% of the Notes issued and Rob McEwen would purchase the remaining 50%. The Notes contemplated will have a term of 3 years and bear interest at a [...]
TORONTO, May 24, 2018 -- McEwen Mining Inc. provides an updated mineral resource estimate for the Tamarack gold and base metal deposit at the 100% owned Black Fox Complex in Matheson, Ontario. The Black Fox Complex comprises the Black Fox Mine and the Tamarack, Gibson-Grey Fox, Froome and Stock zones. The base metal component of the Tamarack resource is being included for the first time. “This is the first time that [...]
TORONTO, May 01, 2018 -- McEwen Mining Inc. today reported first quarter results for the period ended March 31, 2018 . McEwen Mining achieved production of 44,344 gold equivalent ounces in-line with our expectations. Net cash flow from the business excluding project development costs was $12.4 million, offset by $22.7 million related to investments towards our long-term production growth at Gold Bar, Black Fox and Los [...]
TORONTO, April 30, 2018 -- McEwen Mining Inc. reports encouraging exploration results from its Black Fox Complex near Timmins, Ontario, Canada. Black Fox Complex Exploration Program Our 2018 exploration budget at Black Fox is $15 million and we have spent approximately 30% year to date. Our primary goals are to extend mineralization around known deposits and to test targets close to our mine and mill. During Q1 a total of [...]
TORONTO, Feb. 22, 2018 -- McEwen Mining Inc. today reported fourth quarter and full year results for the period ended December 31, 2017. For the year, McEwen Mining achieved production of 152,329 gold equivalent ounces. Our consolidated net loss for 2017 was $10.6 million, or $0.03 per share. Net cash outflow during the year from operating activities was $15.4 million, principally due to higher exploration, development [...]
McEwen Mining invites you to join our conference call, where management will discuss our 2017 financial results and project developments and follow with a question and answer session. Questions can be asked directly by participants over the telephone or can be emailed in advance to info@mcewenmining.com. Thursday, Feb 22nd, 2018 11:00 am ET Toll Free US & Canada: 630-9911 Outside US & Canada: 229-8828 Conference ID [...]
TORONTO, Feb. 15, 2018 -- McEwen Mining Inc. announces results of the updated Feasibility Study for its 100% owned Gold Bar Mine in Nevada. Construction has started on the Gold Bar Mine with a planned completion date in late 2018, and commercial production beginning in 2019. The FS was prepared by M3 Engineering & Technology Corp. of Tucson, Arizona, in accordance with the requirements of Canadian National Instrument [...]
TORONTO, Jan. 17, 2018 -- McEwen Mining Inc. acquired the Black Fox Complex in October 2017 in a strategic investment that increases our gold production, provides excess milling capacity, and significantly expands our mineral resource base and exploration potential in the Timmins district of Canada. Exploration is the principal focus at Black Fox for 2018. A $10 million property-wide exploration program that will include [...]
TORONTO, Dec. 19, 2017 -- McEwen Mining Inc. is pleased to announce the closing of its previously announced US$10,000,000 bought deal private placement . Pursuant to the Offering, McEwen sold an aggregate of 4,000,000 flow-through common shares of the Income Tax Act ) priced at US$2.50 per flow-through common share. The Offering was completed through a syndicate of underwriters led by Cantor Fitzgerald Canada Corporation [...]
TORONTO, Dec. 01, 2017 -- McEwen Mining Inc. is pleased to announce a strategic financing to accelerate exploration at our newly acquired properties near Timmins, Ontario. “This significant commitment to exploration in 2018 is founded on our conviction that excellent exploration potential exist on our properties in the Timmins region,” said Rob McEwen, Chairman and Chief Owner. The financing consists of a [...]
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