TORONTO, Nov. 08, 2017 (GLOBE NEWSWIRE) -- McEwen Mining Inc. (NYSE:MUX) (TSX:MUX) (“McEwen”) is pleased to announce it has received the signed Record of Decision (ROD) on the Final Environmental Impact Statement (EIS) for the Gold Bar Project (Gold Bar), Eureka County, Nevada. Construction of Gold Bar will begin immediately. Construction equipment poised to begin work at the Gold Bar Project on [...]
TORONTO, Nov. 02, 2017 (GLOBE NEWSWIRE) -- McEwen Mining Inc. (NYSE:MUX) (TSX:MUX) reports its consolidated financial results for the third quarter ending September 30, 2017. During Q3 2017 the El Gallo mine had earnings from mining operations of $5.1 million(2)(4) and the San José mine had earnings from mining operations of $4.5 million(4). The Company experienced increased cost and reduced income as a consequence [...]
TORONTO, Oct. 17, 2017 (GLOBE NEWSWIRE) -- McEwen Mining Inc. (NYSE:MUX) (TSX:MUX) reports that it has filed the updated Preliminary Economic Assessment prepared in accordance with National Instrument 43-101 (“NI 43-101”) on the Los Azules Project (the “PEA“). The PEA supports the disclosure made in the news release on September 7, 2017 entitled “Copper Shines Brightly for McEwen Mining [...]
TORONTO, Oct. 10, 2017 (GLOBE NEWSWIRE) -- McEwen Mining Inc. (NYSE:MUX) (TSX:MUX) (“McEwen”) is please to announce that a critical step in the permitting process for its Gold Bar Project (“Gold Bar”) in Nevada has been achieved in line with the Company’s plans to begin mine development in the fourth quarter of this year. On October 6, 2017, the Environmental Protection Agency (EPA) published [...]
McEwen Mining invites you to join our conference call today when we will discuss the purchase of the Black Fox mine, our recent financing and other corporate developments followed by a question and answer session. Questions can be asked directly by participants over the over the telephone or can be emailed in advance to info@mcewenmining.com. The call will be chaired by Rob McEwen, Chairman and Chief Owner. Tuesday [...]
TORONTO, Oct. 06, 2017 (GLOBE NEWSWIRE) -- McEwen Mining Inc. (NYSE:MUX) (TSX:MUX) (“McEwen”) is pleased to announce the closing of the purchase of the Black Fox Complex (“Black Fox”) from Primero Mining Corp. (“Primero”), which consists of: 1) the fully operational Black Fox underground gold mine that is forecast to produce 50,000 ounces (oz) in 2018, 2) the Black Fox-Stock mill with a [...]
TORONTO, Sept. 22, 2017 (GLOBE NEWSWIRE) -- McEwen Mining Inc. (NYSE:MUX) (TSX:MUX) is pleased to announce the closing of its previously announced bought deal offering (the “Offering”), including the exercise in full of the underwriters’ over-allotment option. Pursuant to the Offering, a total of 20,700,000 shares of common stock (“Shares”) and warrants (“Warrants”) to purchase up [...]
TORONTO, Sept. 18, 2017 (GLOBE NEWSWIRE) -- McEwen Mining Inc. (NYSE:MUX) (TSX:MUX) (“McEwen”) is pleased to announce that it has entered into an underwriting agreement with a syndicate of underwriters (the “Underwriters”), pursuant to which the Underwriters have agreed to purchase, on a bought deal underwritten basis, 18,000,000 shares of its common stock and warrants to purchase up to 9,000,000 [...]
$2.2 Billion After-Tax NPV@8% and IRR of 20.1% Life-of-Mine Cash Flows (M = millions) 3.6 Year Payback at $3.00/lb. Copper and 36 Year Mine Life 415 Million lbs. Average Annual Copper Production For The First 10 Years $1.11/lb. Copper Average Cash Production Cost (C1) For Fir...
TORONTO, Aug. 29, 2017 (GLOBE NEWSWIRE) -- McEwen Mining Inc. (NYSE:MUX) (TSX:MUX) (“McEwen”) is pleased to announce that it has signed the binding definitive agreement with Primero Mining Corp. for the purchase of its Black Fox Complex in the world-famous gold mining region of Timmins, Canada. The agreed purchase price is $35 million, subject to closing adjustments. Closing of the transaction is anticipated [...]
TORONTO, Aug. 10, 2017 (GLOBE NEWSWIRE) -- McEwen Mining Inc. (NYSE:MUX) (TSX:MUX) (“McEwen”) is pleased to announce that it has reached an agreement with Primero Mining Corp. to purchase its Black Fox Complex and associated assets and liabilities located in the world-famous gold mining camp of Timmins, Canada. The agreed purchase price is $35 million, subject to closing adjustments. Definitive documentation [...]