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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
