McEwen Mining Inc. is pleased to announce the filing of an updated technical report prepared in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects , for the Gold Bar Mine . The technical report is available on SEDAR under the Company's profile at www.sedar.com. Financial Analysis The FS Base Case using a gold [...]
McEwen Mining Inc. is pleased to announce the filing of a technical report prepared in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects , for its 100%-owned Fenix Project , which is located in the State of Sinaloa, Mexico. The technical report is available on SEDAR under the Company's profile at [...]
McEwen Mining Inc. wants you to know about of the world's largest ever incentive prize of $100 million. "As a proud member of the XPRIZE Foundation's Vision Circle, I am helping spread the extraordinary news of their newest and boldest challenge ever, XPRIZE Carbon Removal at https://www.xprize.org/prizes/elonmusk, which is aimed at tackling the [...]
McEwen Mining Inc. , reports that it has closed the previously announced registered direct offering of common shares for aggregate gross proceeds of US$31.5 million. "I deeply regret being in a position where we had to finance at this price, a price well below what I believe to be our real value. However, the timing of this financing was critical [...]
McEwen Mining Inc. , announces an oversubscribed registered direct offering with several existing and new institutional investors for the sale of an aggregate of 30,000,000 shares of common stock at a purchase price of $1.05 per share . "The timing of this offering was critical for two reasons: 1. It completes the funding required to bring the [...]
McEwen Mining Inc. is pleased to extend a warm welcome to all our new shareholders, provide production guidance for 2021 of an expected 141,000 to 160,400 gold equivalent ounces , and discuss one of our most valuable yet under-appreciated assets, the Los Azules copper project. Beyond the potential of our gold and silver assets, Los Azules provides [...]
McEwen Mining Inc. is pleased to provide an update on its progress so far this year along with a timeline for deliverables in 2021 and recent financing activities. Timmins, Canada The Fox Complex has a combined resource base of 3 million oz of gold and we have ambitious plans for these assets. Independent technical consultants have been employed to [...]
McEwen Mining Inc. is pleased to announce a financing to fund development of the Froome deposit, which is expected to reach commercial production in Q4 2021, located at the Fox Complex in the Timmins region of Ontario. The financing consists of a US$11,821,000 private placement offering of 11,628,000 flow-through common shares of the Income Tax Act [...]
McEwen Mining Inc. is pleased to announce an updated Indicated Resource Estimate of 499,000 contained gold ounces and Probable Reserve Estimate of 302,000 recoverable gold ounces for the Gold Bar Mine in Nevada . See Tables 1-3 for the updated estimates. Gold Bar’s estimated after-tax net present value discounted at 8% and using a gold price of [...]
McEwen Mining Inc. reports consolidated production for the full year of 2020 was 92,100 gold ounces and 2,020,000 silver ounces, or 115,600 gold equivalent ounces at a gold:silver ratio of 86:1. Consolidated production for Q4 2020 was 24,100 gold ounces and 532,400 silver ounces, or 31,100 GEOs at the average gold:silver ratio for the quarter of [...]
McEwen Mining Inc. is pleased to announce that it has closed its previously announced non-brokered private placement, issuing 7,669,900 common shares of the Corporation on a flow-through basis at a price per share of CDN $1.63 per FT Share for total gross proceeds of CDN$12,500,000. Rob McEwen commented: “These funds will be used for exploration to [...]
McEwen Mining Inc. is pleased to announce the highlights of a positive Feasibility Study for its 100%-owned Fenix Project, which is located in the State of Sinaloa, Mexico. “The Fenix Feasibilty Study envisions a 9.5-year mine life with an attractive after-tax IRR of 28% using $1,500/oz gold and $17/oz silver. At current gold and silver prices, the [...]