Articles from McEwen Mining

TORONTO, Dec. 03, 2024 (GLOBE NEWSWIRE) -- McEwen Copper Inc., a subsidiary of McEwen Mining Inc. (NYSEMUX) (TSX: MUX), is pleased to announce the approval of the Environmental Impact Assessment (EIA) for its Los Azules copper project. The Environmental Impact Statement (EIS), which is the ministerial resolution approving the EIA, is a key permitting milestone on the way to feasibility, construction and future operation.

Assay Highlights:

TORONTO, Nov. 05, 2024 (GLOBE NEWSWIRE) -- McEwen Mining Inc. (NYSEMUX) (TSX: MUX) today released its financial and operational results for the third quarter ended September 30, 2024 (“Q3”). The Company achieved significant improvements in revenue and operating profitability, driven by higher gold prices and strong production. The results reflect McEwen Mining’s ongoing commitment to expanding gold and silver production, advancing its large copper project and robust investment in exploration programs.

TORONTO, Nov. 01, 2024 (GLOBE NEWSWIRE) -- McEwen Mining Inc. (NYSEMUX) (TSX: MUX) invites you to join our conference call following the release of our Q3 2024 financial results on Wednesday, November 6th, 2024, at 11:00 AM EST, 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.

TORONTO, Oct. 24, 2024 (GLOBE NEWSWIRE) -- McEwen Copper Inc., a subsidiary of McEwen Mining Inc. (NYSEMUX) (TSX: MUX), is pleased to announce closing of an additional $35 million investment by Nuton LLC, a Rio Tinto Venture.

Accessible Mineralization and Good Exploration Potential

TORONTO, Aug. 26, 2024 (GLOBE NEWSWIRE) -- McEwen Mining Inc. (NYSEMUX) (TSX: MUX) is pleased to announce that its 48%-owned McEwen Copper Inc. has secured an agreement with YPF Luz to power its large Los Azules copper project with 100% renewable energy. This exclusive agreement covers the supply of renewable energy through a high-voltage transmission line, with YPF Luz responsible for its development and financing.

TORONTO, Aug. 22, 2024 (GLOBE NEWSWIRE) -- McEwen Mining Inc. (NYSEMUX) (TSX: MUX) and McEwen Copper Inc. are pleased to announce their participation in Fastmarkets’ “Argentina: An emerging powerhouse for copper and lithium” webinar and in three upcoming industry conferences.

TORONTO, Aug. 19, 2024 (GLOBE NEWSWIRE) -- McEwen Mining Inc. (NYSEMUX) (TSX: MUX) today reported the completion of the previously announced acquisition of all the issued and outstanding common shares of Timberline Resources Corporation (TSXV:TBR)(OTCQB:TLRS) (“Timberline”) by way of a merger between Timberline and a wholly-owned subsidiary of McEwen Mining (the “Transaction”). Timberline shareholders overwhelmingly approved the merger with McEwen Mining at Timberline’s special meeting held on August 16th, 2024.

Infill Drill Highlights:AZ24375:217 metersof1.11 % Cu, incl.100 metersof1.32 % CuAZ24335:158 metersof0.84 % Cu, incl.78.5 metersof1.10 % CuAZ24403:276 metersof0.86 % Cu, incl.160 metersof0.96 % CuAZ24320:146 metersof0.89 % CuAZ24332:119.6 metersof0.72 % Cu

TORONTO, Aug. 07, 2024 (GLOBE NEWSWIRE) -- McEwen Mining Inc. (NYSEMUX) (TSX: MUX) today reported its second quarter (Q2) and half year (H1) results for the period ended June 30th, 2024.

TORONTO, Aug. 06, 2024 (GLOBE NEWSWIRE) -- McEwen Mining Inc. (NYSEMUX) (TSX: MUX) invites you to join our conference call following the release of our Q2 2024 financial results on Thursday, August 8th, 2024, 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.

TORONTO, July 02, 2024 (GLOBE NEWSWIRE) -- McEwen Mining Inc. (NYSEMUX) (TSX: MUX) ("MUX" or the "Company”) announces the results of the MUX Annual Meeting of Shareholders held on June 27, 2024. Key approvals included the Company’s 2024 Equity and Incentive Plan and the appointment of Ernst & Young LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2024.

TORONTO, June 24, 2024 (GLOBE NEWSWIRE) -- McEwen Mining Inc. (NYSE and TSX: MUX) announces a non-brokered private placement financing of up to 2,333,333 common shares of its wholly-owned subsidiary McEwen Copper Inc. at a subscription price of US$30.00 per common share, for gross proceeds of up to US$70 million (the "Offering"). McEwen Copper currently has 30,937,615 common shares outstanding (basic and diluted).

TORONTO, June 20, 2024 (GLOBE NEWSWIRE) -- McEwen Mining Inc. (NYSEMUX) (TSX: MUX) is pleased to report on the progress at the Fox Complex, where we are advancing a new mine on the Stock Property. Production is planned to start in the second half of 2025. Pre-construction activities of the Stock portal have commenced, which will allow access to mining of the three gold zones, West, Main and East. In addition, the portal will provide cost-effective underground drill platforms to enable testing for expected depth extensions of these three zones. Recent exploration resulted in a 29% increase in the estimated gold resources for Stock’s East Zone. The Fox Complex is comprised of several properties, including Stock, and has Measured and Indicated gold resources of 1,905,000 ounces at average grade of 4.20 g/t Au and Inferred gold resources of 549,000 gold ounces at average grade of 3.60 g/t Au.

TORONTO, June 14, 2024 (GLOBE NEWSWIRE) -- McEwen Mining Inc. (NYSEMUX) (TSX: MUX) (“McEwen”) is pleased to report it has closed the previously announced public financing for US$22.0 million (Cdn$30.0 million) to fund ongoing exploration and development at the Fox Complex in the Timmins region of Ontario, primarily focused on exploration drilling and the development of an underground access ramp from surface to mine the gold resources of Stock East and West. This represents the next area of production growth at the Fox Complex.

CANADIAN BASE SHELF PROSPECTUS IS ACCESSIBLE, AND PROSPECTUS SUPPLEMENT WILL BE ACCESSIBLE ON SEDAR+ WITHIN TWO BUSINESS DAYS

Assay Highlights:24GF-1426: 586.7 g/t Au over 0.5 m (18.86 oz/t Au over 1.6 ft)24GF-1424: 14.3 g/t Au over 5.0 m (0.46 oz/t Au over 16.4 ft)24GF-1397: 17.4 g/t Au over 4.2 m (0.56 oz/t Au over 13.8 ft)22GF-1366: 8.8 g/t Au over 3.9 m (0.28 oz/t Au over 12.8 ft)(See Figure 2. All assay values are true widths)

70,000 meters completed, highlights include:

TORONTO, May 08, 2024 (GLOBE NEWSWIRE) -- McEwen Mining Inc. (NYSEMUX) (TSX: MUX) today reported its first quarter (Q1) results for the period ended March 31st, 2024.

TORONTO, May 06, 2024 (GLOBE NEWSWIRE) -- McEwen Mining Inc. (NYSEMUX) (TSX: MUX) invites you to join our conference call following the release of our Q1 2024 financial results on Thursday, May 9th, 2024 at 11:00 AM EDT, 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.

TORONTO, April 16, 2024 (GLOBE NEWSWIRE) -- McEwen Mining Inc. (NYSEMUX)(TSX: MUX) (“McEwen”) is pleased to announce that it has entered into a definitive agreement and plan of merger (the “Agreement”) to acquire all of the issued and outstanding shares of Timberline Resources Corporation (TSXV:TBR)(OTCQB:TLRS) (“Timberline”) by way of a merger between Timberline and a subsidiary of McEwen (the “Transaction”). The Transaction will augment McEwen’s existing portfolio of development and exploration projects in Nevada.

2023 Net income $1.15/share vs. 2022 net loss $1.71/share

TORONTO, Feb. 28, 2024 (GLOBE NEWSWIRE) -- McEwen Mining Inc. (NYSEMUX) (TSX: MUX) 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.

Aggressive Exploration Generating a Bright Future at Stock

Remaining assays from the 2022-2023 season, highlights include:

Metallurgical Testing Delivers a 3.2% Increase in Predicted Copper Recovery at Los Azules

TORONTO, Feb. 12, 2024 (GLOBE NEWSWIRE) -- McEwen Mining Inc. (NYSEMUX) (TSX: MUX) 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 (“GEOs”)(1), and full year production for 2023 was 154,600 GEOs. These results were consistent with our latest forecast (Q3 results press release dated Nov 8, 2023) and within our guidance range for the year (press release dated Mar 14, 2023).

TORONTO, Dec. 14, 2023 (GLOBE NEWSWIRE) -- McEwen Mining Inc. (NYSEMUX) (TSX: MUX) 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 (Cdn$22,016,150).

TORONTO, Dec. 13, 2023 (GLOBE NEWSWIRE) -- McEwen Mining Inc. (NYSEMUX) (TSX: MUX) is pleased to welcome Nicolas Darveau-Garneau as the newest member of our Board of Directors.

TORONTO, Dec. 12, 2023 (GLOBE NEWSWIRE) -- McEwen Mining Inc. (NYSEMUX) (TSX: MUX) is pleased to report consolidated production in the October-November period has increased to 29,600 gold equivalent ounces (“GEOs”)(1), a significant improvement over the first nine months of the year. In November, Gold Bar production increased to 7,800 gold ounces. As a result of the strong performance at Gold Bar, partially offset by slightly lower production at Fox and San José, our forecast for the full year 2023 is now estimated at 154,200 GEOs (see Table 1).

TORONTO, Nov. 22, 2023 (GLOBE NEWSWIRE) -- McEwen Mining Inc. (NYSEMUX) (TSX: MUX) is pleased to announce a financing to fund continued exploration and development at the Fox Complex in the Timmins region of Ontario.

TORONTO, Nov. 08, 2023 (GLOBE NEWSWIRE) -- McEwen Mining Inc. (NYSEMUX) (TSX: MUX) reports its results for the third quarter (Q3) and nine months ended September 30th, 2023.

TORONTO, Nov. 03, 2023 (GLOBE NEWSWIRE) -- McEwen Mining Inc. (NYSEMUX) (TSX: MUX) 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 the webcast.

TORONTO, Oct. 30, 2023 (GLOBE NEWSWIRE) -- McEwen Mining Inc. (NYSEMUX) (TSX: MUX) is pleased to report production for Q3 2023 was 38,600 gold equivalent ounces (“GEOs”) 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 (see Table 1) reflects actual productions to September 30th and management's current estimates for Q4 2023.

TORONTO, Oct. 11, 2023 (GLOBE NEWSWIRE) -- McEwen Copper Inc., a subsidiary of McEwen Mining Inc. (NYSEMUX) (TSX: MUX), is pleased to announce a binding agreement for an additional $10.0 million investment by Nuton LLC, a Rio Tinto Venture, and existing McEwen Copper shareholder.

TORONTO, Oct. 11, 2023 (GLOBE NEWSWIRE) -- McEwen Copper Inc., a subsidiary of McEwen Mining Inc. (NYSEMUX) (TSX: MUX), is pleased to announce the closing of an additional ARS $42 billion investment by Stellantis, one of the world’s leading automakers and mobility providers with iconic brands including Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, DS Automobiles, Fiat, Jeep®, Lancia, Maserati, Opel, Peugeot, RAM, Vauxhall, Free2Move and Leasys.

Potential Impact: Shorter Payback, Longer Mine Life

TORONTO, Aug. 21, 2023 (GLOBE NEWSWIRE) -- McEwen Mining Inc. (NYSEMUX) (TSX: MUX) is pleased to welcome Michelle Makori as our newest member of our Board of Directors.

TORONTO, Aug. 10, 2023 (GLOBE NEWSWIRE) -- McEwen Mining Inc. (NYSEMUX) (TSX: MUX) reported its second quarter (Q2) and half year (H1) results for the period ended June 30th, 2023.

TORONTO, Aug. 03, 2023 (GLOBE NEWSWIRE) -- McEwen Copper Inc., 52% owned by McEwen Mining Inc. (NYSEMUX) (TSX: MUX) is pleased to announce the appointment of Mr. Darren King as Exploration Director. With over 35 years of international experience in all stages of copper and gold exploration across North, Central, and South America, Darren brings a wealth of expertise to his new role.

Significant Intercept:386 m of 0.66% Cu, including 196 m of 0.99% Cu (Hole GTK2320)

TORONTO, July 31, 2023 (GLOBE NEWSWIRE) -- McEwen Mining Inc. (NYSEMUX) (TSX: MUX) invites you to join our conference call following the release of our Q2 2023 financials results on Thursday, August 10th, 2023, at 11:00 AM EDT, 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 the webcast.

Significant Intercept398 m of 0.75% Cu, including 124 m of 1.43% Cu (Hole AZ23220)

TORONTO, July 06, 2023 (GLOBE NEWSWIRE) -- McEwen Mining Inc. (NYSEMUX) (TSX: MUX) ("MUX" or the "Company”) announces the results of the MUX Annual Meeting of Shareholders, held on June 29, 2023. The Shareholders approved, among other things, proposals to amend the Company’s Second Amended and Restated Articles of Incorporation to increase the number of shares of preferred stock authorized to be issued from 2 to 10,000,000 and to increase the total authorized shares accordingly (the “Increase in Authorized Preferred Capital Amendment”).

The PEA includes an updated independent mineral resource estimate, which increased to 10.9 billion (B) lbs. Cu (Indicated, grade 0.40%) and 26.7 B lbs. Cu (Inferred, grade 0.31%)

TORONTO, May 23, 2023 (GLOBE NEWSWIRE) -- McEwen Mining Inc. (NYSEMUX) (TSX: MUX) (“McEwen Mining” or the “Company”) today reported that it has repaid $25 million of its senior secured debt payable to Sprott Resource Lending (“Sprott”) and Sprott is no longer a lender.

TORONTO, May 08, 2023 (GLOBE NEWSWIRE) -- McEwen Mining Inc. (NYSEMUX) (TSX: MUX) today reported its first quarter (Q1) results for the period ended March 31st, 2023.

High Grades Near Surface in Proximity to the Proposed Ramp System to Stock West

Significant Infill Intercepts

Significant Infill Intercepts

TORONTO, May 03, 2023 (GLOBE NEWSWIRE) -- McEwen Mining Inc. (NYSEMUX) (TSX: MUX) invites you to join our conference call following the release of our Q1 2023 financials results on Tuesday, May 9th, 2023 at 11:00 AM EDT, 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 the webcast.

Significant Infill Intercepts0.50% Cu over 502 m, including 0.87% Cu over 172 m (AZ22181)1.00% Cu over 282 m, including 1.40% Cu over 172 m (AZ22186)0.66% Cu over 500 m, including 0.92% Cu over 276 m (AZ22184A)

Stage Is Now Set for Increased Production and Lower Costs in 2023

TORONTO, March 08, 2023 (GLOBE NEWSWIRE) -- McEwen Mining Inc. (NYSEMUX) (TSX: MUX) invites you to join our conference call following the release of our Q4 and year-end 2022 financials results on Tuesday, March 14th, 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 can be asked directly by participants over the phone during the webcast.

Exploration: 1,052 m of 0.29% Cu including 480 m of 0.42% Cu (AZ22174)Delineation: 236 m of 1.39% Cu and 0.19 g/t Au including 42 m of 2.78% Cu (AZ23191)

TORONTO, Feb. 27, 2023 (GLOBE NEWSWIRE) -- McEwen Copper Inc., a subsidiary of McEwen Mining Inc. (NYSEMUX) (TSX: MUX), is pleased to announce a binding agreement for an additional US$30 million investment by Nuton LLC, a Rio Tinto Venture, and existing McEwen Copper shareholder.

TORONTO, Feb. 27, 2023 (GLOBE NEWSWIRE) -- McEwen Copper Inc., a subsidiary of McEwen Mining Inc. (NYSEMUX) (TSX: MUX), is pleased to announce closing of an ARS $30 billion investment by Stellantis, one of the world’s leading automakers and mobility providers with iconic brands including Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, DS Automobiles, Fiat, Jeep®, Lancia, Maserati, Opel, Peugeot, RAM, Vauxhall, Free2Move and Leasys.

Production Up, Costs per Ounce Down

264.5 g/t Au Over 2.4 m Uncapped (12.6 g/t Au Over 2.4 m Capped); A Holiday STOCK-ing Stuffer

Gold in the Sediments at Grey Fox

TORONTO, Nov. 07, 2022 (GLOBE NEWSWIRE) -- McEwen Mining Inc. (NYSEMUX) (TSX: MUX) reports its third quarter (Q3) results for the period ended September 30th, 2022.

TORONTO, Nov. 02, 2022 (GLOBE NEWSWIRE) -- McEwen Mining Inc. (NYSEMUX) (TSX: MUX) will report Q3 2022 operating and financial results after the market closes on Friday, November 4th, 2022. We invite you to join our conference call on Monday, November 7th, 2022, from 11:00 am EST, where management will discuss our Q3 2022 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.

TORONTO, July 27, 2022 (GLOBE NEWSWIRE) -- McEwen Mining Inc. (NYSEMUX) (TSX: MUX) ("MUX" or the "Company”) announces that starting tomorrow the Company’s common shares are expected to begin trading on the NYSE and TSX after giving effect to the 1-for-10 reverse split previously announced on July 12th, 2022 (the “Reverse Split”). Following effectiveness of the Reverse Split the Company expects to regain compliance with NYSE continued listing requirements and remain listed on the NYSE.