McEwen Copper is pleased to announce the closing of the second tranche of the previously announced private placement offering of up to 8,000,000 common shares of McEwen Copper Inc. priced at US$10.00 per common share. The second tranche is comprised of a $10 million investment by the Victor Smorgon Group advised by Arete Capital Partners, both of [...]
McEwen Mining reported its Q1 results for the period ended March 31st, 2022. Production was 20,850 gold oz and 336,500 silver ounces, or 25,100 gold equivalent oz (GEOs), compared to 30,600 GEOs during Q1 2021. Average cash costs(2) per GEO sold from our 100%-owned mines in Q1 was $1,696, below our guidance of $1,940 to 2,100 per GEO. Average [...]
McEwen Mining(announces that Anna Ladd-Kruger, Chief Financial Officer, has decided to retire to focus on her health and family; she will depart after the first quarter reporting is complete and an orderly transition is in place. CFO responsibilities will be assumed on an interim basis by Perry Y. Ing until a new executive transitions into the [...]
McEwen Copper Inc., a subsidiary of McEwen Mining Inc. , is pleased to provide a progress report on recent successes and future work planned at the Los Azules copper project in San Juan, Argentina. A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/34d069c1-1896-482a-966f-053692a76f2f A photo [...]
McEwen Mining Inc. is pleased to provide an update on its 2022 exploration program at the Fox Complex properties near Timmins, Canada, and at the Gold Bar properties in Nevada. The programs are focused on expanding known mineral resources. At the Fox Complex, the objective is to shorten the payback period outlined in the Fox Complex PEA. At Gold [...]
McEwen Mining Inc. is pleased to announce that it has amended its $50 million senior secured term loan facility to gain financial flexibility and entered into a new $15 million unsecured subordinated promissory note . "Reduced cash flow from operations in Q1 has placed McEwen Mining in a challenging position which we needed to overcome. I have [...]
McEwen Mining Inc. is pleased to provide production and cost guidance for 2022. We are estimating production of 153,000 to 172,000 gold equivalent ounces in 2022. Cash costs and all-in sustaining costs per GEO sold for 2022 from our 100%-owned mines are expected to be in the range $1,310-1,410 and $1,570-1,690, respectively. At San Jos?, production [...]
McEwen Mining Inc. is pleased to announce the closing of the previously announced private placement offering of 14,500,000 flow-through common shares of the Income Tax Act ) priced at US$1.04 per flow-through common share for total gross proceeds of US$15,080,000 . The sole bookrunner for the Offering was Cantor Fitzgerald Canada Corporation and [...]
McEwen Mining Inc. today reported fourth quarter and full year results for the period ended December 31, 2021. Cash and liquid assets and working capital at December 31, 2021 were $63.5 million and $32.6 million, respectively. Our operations delivered production in line with our guidance. For the full year 2021, production was 154,410 gold [...]
McEwen Copper Inc., a subsidiary of McEwen Mining Inc. , is pleased to announce that Michael Meding has joined as Vice President of Andes Corporacion Minera SA. in Argentina. Mr. Meding is accountable for the overall direction and management of the Los Azules copper project in San Juan. He will play a significant role in taking McEwen Copper [...]
McEwen Mining Inc. is pleased to announce a financing to fund continued exploration at the Fox Complex in the Timmins region of Ontario. These funds will be employed to build on the business case outlined in our recently announced preliminary economic assessment . The financing consists of a US$15,080,000 private placement offering of 14,500,000 [...]
McEwen Mining Inc. is pleased to report consolidated production for the full year of 2021 was 34% higher than in 2020 and Q4 2021 was 29% higher than in Q4 2020. Production guidance for 2021 was achieved. Full year production was 154,410 gold equivalent ounces consisting of 118,500 gold ounces and 2,572,000 silver ounces. In Q4, production was [...]
