Froome

McEwen Mining: Q3 Production

Retrieved on: 
Monday, October 30, 2023
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(1)   'Gold Equivalent Ounces' are calculated based on a gold-to-silver price ratio of 90:1 for Q3 2022, 82:1 for Q1 2023, 82:1 for Q2, 2023, and 81:1 for Q3 2023.

Key Points: 
  • (1)   'Gold Equivalent Ounces' are calculated based on a gold-to-silver price ratio of 90:1 for Q3 2022, 82:1 for Q1 2023, 82:1 for Q2, 2023, and 81:1 for Q3 2023.
  • (2)   The San José Mine is 49% owned by McEwen Mining Inc. and 51% owned and operated by Hochschild Mining plc.
  • San José, which is operated by our joint venture partner Hochschild Mining, delivered Q3 production in line with our expectations for the quarter and guidance for the year.
  • McEwen Mining retains 47.7% ownership of McEwen Copper, with an implied market value of $380 million, this represents a value accretion for McEwen Mining shareholders of $98 million or two (2) dollars per share since March 2023.

McEwen Mining Operations Performing Better

Retrieved on: 
Wednesday, December 21, 2022
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As a consequence, there was very little mining done, thus the mining expense incurred was small.

Key Points: 
  • As a consequence, there was very little mining done, thus the mining expense incurred was small.
  • At the Fox Complex, operations are expected to deliver significantly better costs per ounce and margins compared to 2022.
  • The mining of the Froome deposit is performing well.
  • The NYSE and TSX have not reviewed and do not accept responsibility for the adequacy or accuracy of the contents of this news release, which has been prepared by management of McEwen Mining Inc.

McEwen Mining: New, Near Surface, High Grade Beside Our Mill

Retrieved on: 
Monday, December 19, 2022
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We discuss four priority areas that illustrate the potential to expand the gold resource base around the historic Stock mine.

Key Points: 
  • We discuss four priority areas that illustrate the potential to expand the gold resource base around the historic Stock mine.
  • “We find the occurrence of near surface high grade at our Stock Mill’s doorstep very intriguing.
  • Drill hole SM22-110 (shown in upper right corner) produced two attractive assay results within 30 meters (m) of surface.
  • This result has opened a new high grade target area of some 300 m in length.

Good Grades Near Surface, High Grade at Depth

Retrieved on: 
Monday, November 28, 2022
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Drilling results reveal significant gold mineralization in veins within sedimentary rocks with good gold grades near surface and high-grade gold values encountered at depth.

Key Points: 
  • Drilling results reveal significant gold mineralization in veins within sedimentary rocks with good gold grades near surface and high-grade gold values encountered at depth.
  • At Grey Fox, gold zones are stacked parallel to a southeast-trending regional flexure in the Destor-Porcupine Fault Zone (DPFZ) (Figure 1).
  • Interpreted dimensions of the Gibson target area extends at least 475 m along strike and to at least 300 m depth.
  • In some cases, the veins are brecciated and have crustiform (layered or void-filling) textures that are characteristic of Grey Fox.

McEwen Mining: Q2 2022 Results

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Thursday, August 11, 2022
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TORONTO, Aug. 11, 2022 (GLOBE NEWSWIRE) -- McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) today reported its second quarter (Q2) results for the period ended June 30th, 2022.

Key Points: 
  • TORONTO, Aug. 11, 2022 (GLOBE NEWSWIRE) -- McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) today reported its second quarter (Q2) results for the period ended June 30th, 2022.
  • Our 100%-owned mines generated a cash gross profit(2) of $7.7 million in Q2 and a gross profit of $4.2 million.
  • Dr. Quick made important contributions to the boards of McEwen Mining and Minera Andes during his 14 years with the companies.
  • Table 1 below provides production and cost results for Q2 & H1 2022 with comparative results for Q2 & H1 2021 and our guidance range for 2022.

McEwen Mining: Q1 2022 Results

Retrieved on: 
Tuesday, May 10, 2022
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TORONTO, May 10, 2022 (GLOBE NEWSWIRE) -- McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) today reported its first quarter (Q1) results for the period ended March 31st, 2022.

Key Points: 
  • TORONTO, May 10, 2022 (GLOBE NEWSWIRE) -- McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) today reported its first quarter (Q1) results for the period ended March 31st, 2022.
  • Cash, cash equivalents and restricted cash at March 31, 2022 was $70.4 million, of which $35.6 million is attributable to McEwen Copper.
  • Fox produced 7,700 GEOs in Q1 at total cash costs and AISC of $1,193 and $1,729 per GEO sold, respectively.
  • Table 1 below provides production and cost results for Q1 2022 with comparative results for Q1 2021 and our guidance range for 2022.

McEwen Mining: Exploration @ Fox

Retrieved on: 
Tuesday, December 21, 2021
TSX, Mining, Black Fox, GLOBE, PEA, NYSE, MUX, Stock, Froome

TORONTO, Dec. 20, 2021 (GLOBE NEWSWIRE) -- McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) is pleased to announce that drilling continues to deliver good widths and grades at the Fox Complex, both from exploration at Stock and delineation at Froome.

Key Points: 
  • TORONTO, Dec. 20, 2021 (GLOBE NEWSWIRE) -- McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) is pleased to announce that drilling continues to deliver good widths and grades at the Fox Complex, both from exploration at Stock and delineation at Froome.
  • Drilling is planned for 2022 to investigate the intercept in hole S21-202, which encountered 21 meters (m) of 4.29 g/t gold.
  • Assay results are starting to arrive from our exploration on Stock Main (the historic Stock mine).
  • Forty-six surface drill holes were completed at Stock West (see Table 1) and Stock Main (see Table 2) since the last exploration update in May 2021.

Certarus Enters Agreement with McEwen Mining to Provide a Cleaner Energy Solution for Mine Air Heating

Retrieved on: 
Wednesday, November 24, 2021
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CNG will be used to replace propane as the primary fuel for heating at both the Froome and Black Fox Mines.

Key Points: 
  • CNG will be used to replace propane as the primary fuel for heating at both the Froome and Black Fox Mines.
  • "At McEwen Mining, we are constantly looking for new ways to improve the environmental performance of our operations.
  • That's a big win for our business," said Rory Greyvensteyn, Director of Operations, McEwen Mining Canada.
  • By displacing more carbon intensive fuels, Certarus is leading the energy transition and helping customers lower operating costs and improve environmental performance.

McEwen Mining Announces Fox Complex Growth Funding Secured by Registered Direct Offering

Retrieved on: 
Friday, February 5, 2021
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TORONTO, Feb. 05, 2021 (GLOBE NEWSWIRE) -- McEwen Mining Inc. (the Company or McEwen) (NYSE and TSX: MUX), 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 Offering).

Key Points: 
  • TORONTO, Feb. 05, 2021 (GLOBE NEWSWIRE) -- McEwen Mining Inc. (the Company or McEwen) (NYSE and TSX: MUX), 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 Offering).
  • It completes the funding required to bring the Froome deposit into production later this year.
  • Froome is our production bridge to the future growth of the Fox Complex, where we see potential for higher gold production, lower cost per ounce and a longer mine life; and 2.
  • It will strengthen our balance sheet and working capital position, which will help address our going concern note and debt covenants, commented Rob McEwen, Chairman and Chief Owner.