McEwen Mining Inc. today reported its fourth quarter and full year 2024 financial and operational results. Production ounces in line with guidance coupled with higher gold prices contributed to increased revenues. Looking ahead, the Company is advancing key projects at Los Azules and Fox Complex while continuing to invest in growth initiatives. Financial Results Please note: Under US GAAP, McEwen Mining consolidates 100 [...]
McEwen Mining Inc. invites you to join our conference call following the release of our Q4 and year-end 2024 financial results, on Tuesday, March 18th, 2025, at 11:00 AM EDT, where management will discuss our financial results and project developments and follow with a question-and-answer session. Participants can ask questions directly over the phone during the webcast. Tuesday March 18th 2025 at 11:00 AM EDT Toll Free [...]
McEwen Mining is pleased to announce drill results for its initial 27-hole drilling program recently completed at the Windfall Project, part of the Timberline Property near Eureka, Nevada. Highlights are shown in Table 1. McEwen Mining acquired this property as part of the Timberline Resources acquisition in 2024. These results, from holes drilled in Q4 2024, demonstrate the continuity of oxide gold mineralization along a [...]
McEwen Mining Inc. is pleased to announce that exploration at the Grey Fox Deposit, part of the Fox Complex, successfully delivered in 2024 a large increase in our gold resources. Early results from the 2025 program are also most encouraging. The 2025 exploration budget for the Fox Complex is US$9.7 million, including 68,500 meters of diamond drilling. All assay intervals are expressed in true widths unless otherwise [...]
McEwen Mining Inc. is responding to the news release issued by the Apitipi Anicinapek Nation dated February 12th, 2025, that alleges McEwen has breached the Impact Benefit Agreement associated with the Fox Complex originally signed in 2011 between Brigus Gold Corp and AAN. Since that time, the Fox property has changed ownership twice. First to Primero Mining Corp. when it purchased Brigus in 2013 and then in 2017 when [...]
McEwen Copper Inc., a subsidiary of McEwen Mining Inc. , is pleased to announce that its subsidiary Andes Corporación Minera S.A., has applied for admission of the Los Azules copper project to Argentina's Large Investment Incentive Regime . The Los Azules Project involves an investment currently estimated at USD 2.7 billion, of which USD 227 million have been committed under the RIGI to complete the feasibility study [...]
McEwen Mining Inc. is pleased to announce it has closed its previously announced offering of 5.25% convertible senior notes due 2030 in an aggregate principal amount of $110 million , which includes the upsized offering of $95 million and the exercise in full of the $15 million option granted to the initial purchasers of the Notes. All amounts are in United States Dollars. The initial conversion rate for the Notes is [...]
McEwen Mining Inc. today announced the pricing of $95 million aggregate principal amount of its convertible senior notes due 2030 in a private placement to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended . The Company also granted to the initial purchasers of the Notes an option to purchase, for settlement within 13 days from the date of [...]
McEwen Mining Inc. today announced its intention to offer, subject to market conditions and other factors, $85 million aggregate principal amount of convertible senior notes due 2030 in a private placement to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended . In connection with the offering, the Company expects to grant to the initial [...]
McEwen Mining Inc. is providing minor corrections to yesterday's press release. Please note that the resource statements remain unchanged. The corrections are related to Table 2 numbers, specifically the percentage differences between 2021 and December 2024. In addition, the price of gold used in 2021 was $1,725, not $1,750 and the recovery rate for 2021 was 85%, not 90% . McEwen Mining Inc. is pleased to report a [...]
McEwen Mining Inc. is pleased to report a significant increase in the estimated gold resources at the Fox Complex's Grey Fox deposit to December 31st, 2024, compared to the last estimate in the 2021 Fox Complex PEA . The discovery cost of this increase was US $14.46 per ounce . The deposit itself is subdivided into six different zones: Contact, 147, 147 NE, Grey Fox South , Gibson & Whiskey-Jack , shown as yellow stars in [...]
McEwen Mining Inc. is pleased to report full-year 2024 consolidated production of 135,900 gold equivalent ounces , within our guidance range for the year . During 2024, Gold Bar and San Jose produced 44,600 and 60,100 GEOs, respectively, slightly exceeding the top end of our guidance ranges for those operations. At the Fox Complex, we produced 30,150 GEOs, which was below annual guidance due to a stope failure in early [...]