McEwen Mining Inc. is pleased to announce that it has entered into a definitive agreement and plan of merger to acquire all of the issued and outstanding shares of Timberline Resources Corp. by way of a merger between Timberline and a subsidiary of McEwen . The Transaction will augment McEwen's existing portfolio of development and exploration projects in Nevada. Timberline shareholders will have the right to receive 0.01 [...]
McEwen Mining Inc. today reported its fourth quarter and full year 2023 financial and operational results. Net income for the year was $54.7 million or $1.15 per share versus a 2022 net loss of $81.1 million or $1.71 per share! Gold production at the Fox Complex and Gold Bar mine came in just above the low end of guidance and San José just below guidance. However, cash costs and AISC per ounce remain 12-18% higher than [...]
McEwen Mining Inc. invites you to join our conference call following the release of our Q4 and year-end 2023 financials results on Friday, March 1st, 2024 at 10:00 AM EST, where management will discuss our financial results and project developments and follow with a question-and-answer session. Questions can be asked directly by participants over the phone during the webcast. Toll Free Dial-In North America: 210-3454 [...]
Stock West and Stock Main gold resources increase by 31%, mineralization continuing at depth;Stock East emerging as a potential new source of near-term production. Assay highlights:Drillhole SEZ24-86: 121.5 g/t Au over 0.4 m Drillhole SEZ24-84: 6.5 g/t Au over 10.2 m Drillhole SEZ24-88: 4.5 g/t Au over 10.4 m TORONTO, Feb. 28, 2024 -- McEwen Mining Inc. is pleased to report on three outcomes of its large exploration [...]
Remaining assays from the 2022-2023 season, highlights include: 446 m of 0.63% Cu, including 76 m of 0.92% Cu TORONTO, Feb. 26, 2024 -- McEwen Copper Inc., 47.7% owned by McEwen Mining Inc. is pleased to announce assay results from the final unreleased drill holes of the last season . The results from this period not only validate previous drilling results but also confirm the continuity of mineralization and extend the [...]
McEwen Copper Inc., 47.7% owned by McEwen Mining Inc. , is pleased to announce results from the recently completed Phase 1 copper heap leaching metallurgical tests undertaken at SGS Chile Limitada in Santiago, Chile. The test results were produced utilizing conventional bio-heap leaching technology and generated an average copper recovery of 76.0%. This represents an increase of 3.2% over the recovery rate used in the [...]
McEwen Mining Inc. is pleased to report full year and fourth quarter 2023 production results that represent a significant improvement year-over-year and compared to prior quarters. Consolidated production in Q4 2023 was 49,850 gold equivalent ounces , and full year production for 2023 was 154,600 GEOs. These results were consistent with our latest forecast and within our guidance range for the year . Gold Bar production [...]
McEwen Mining Inc. is pleased to announce the closing of the previously announced private placement financing of 1,903,000 flow-through common shares for total gross proceeds of US$16.1 million . The proceeds of this financing will be used exclusively for qualifying Canadian Exploration Expenditures and Canadian Development Expenditures , within the meaning of subsection 66 of the Income Tax Act , on McEwen Mining's [...]
McEwen Mining Inc. is pleased to announce a financing to fund continued exploration and development at the Fox Complex in the Timmins region of Ontario. The proceeds of this financing will be used exclusively for qualifying Canadian Exploration Expenditures and Canadian Development Expenditures , within the meaning of subsection 66 of the Income Tax Act , on McEwen's properties in the Timmins region: Part 1 of the [...]
McEwen Mining Inc. reports its results for the third quarter and nine months ended September 30th, 2023. Operational and Financial Highlights Consolidated GEO production in Q3 improved by 8% compared to both Q2/23 and Q3/22. We produced 38,500 GEOs in Q3, and 104,400 GEOs for the nine months ended September 30th. We reiterate our consolidated production guidance is at the lower end of our range of 150,000 to 170,000 GEOs [...]
McEwen Mining Inc. invites you to join our conference call following the release of our Q3 2023 financial results on Thursday, November 9th, 2023 at 11:00 AM EST, where management will discuss our financial results and project developments and follow with a question-and-answer session. Questions for the call can be emailed in advance to info@mcewenmining.com, or can be asked directly by participants over the phone during [...]
McEwen Mining Inc. is pleased to report production for Q3 2023 was 38,600 gold equivalent ounces and 104,800 GEOs for the nine months ended September 30th, 2023. Our consolidated production guidance for 2023 is maintained, despite the Gold Bar Mine's production forecast being 13% below its guidance range. Our forecast for the full year 2023 reflects actual productions to September 30th and management's current estimates [...]