McEwen Mining Receives Key Permit for Gold Bar
November 08 2017 - 6:00AM
McEwen Mining Inc. (NYSE:MUX) (TSX:MUX) (“McEwen”)
is pleased to announce it has received the signed Record of
Decision (ROD) on the Final Environmental Impact Statement (EIS)
for the Gold Bar Project (Gold Bar), Eureka County, Nevada.
Construction of Gold Bar will begin immediately.
A photo accompanying this announcement is available at
http://www.globenewswire.com/NewsRoom/AttachmentNg/9945af2e-b617-4df1-924e-8336f71b9b76
“This is great news for McEwen Mining
and State of Nevada. Our mission to build Gold Bar has been ongoing
since 2013, during that time we have overcome many challenges
involved in bringing a new mining project to fruition. Gold Bar is
the first new gold mine in Nevada to gain permit approval in
several years. We advanced from Draft Environmental Impact
Statement submittal to a Record of Decision in under 8-months, a
very brisk pace for the last leg of the permitting process. We want
to thank all those involved including our staff, the BLM, Eureka
County Board of Commissioners, and other Cooperating
Agencies,” said Rob McEwen, Chairman and Chief Owner.
About McEwen Mining
McEwen has the goal to qualify for inclusion in
the S&P 500 Index by creating a profitable gold and silver
producer focused in the Americas. McEwen’s principal assets consist
of the San José mine in Santa Cruz, Argentina (49% interest), the
El Gallo Gold mine and El Gallo Silver project in Mexico, the Black
Fox mine in Timmins, Canada, the Gold Bar project in Nevada, and
the Los Azules copper project in Argentina.
McEwen has a total of 333 million shares
outstanding. Rob McEwen, Chairman and Chief Owner, owns 24%
of McEwen.
CAUTION CONCERNING FORWARD-LOOKING
STATEMENTS
This news release contains certain
forward-looking statements and information, including
"forward-looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995. The forward-looking
statements and information expressed, as at the date of this news
release, McEwen Mining Inc.'s (the "Company") estimates,
forecasts, projections, expectations or beliefs as to future events
and results. Forward-looking statements and information are
necessarily based upon a number of estimates and assumptions that,
while considered reasonable by management, are inherently subject
to significant business, economic and competitive uncertainties,
risks and contingencies, and there can be no assurance that such
statements and information will prove to be accurate. Therefore,
actual results and future events could differ materially from those
anticipated in such statements and information. Risks and
uncertainties that could cause results or future events to differ
materially from current expectations expressed or implied by the
forward-looking statements and information include, but are not
limited to, factors associated with fluctuations in the market
price of precious metals, mining industry risks, political,
economic, social and security risks associated with foreign
operations, the ability of the corporation to receive or receive in
a timely manner permits or other approvals required in connection
with operations, risks related to fluctuations in mine production
rates, risks associated with the construction of mining operations
and commencement of production and the projected costs thereof,
risks related to litigation, the state of the capital markets,
environmental risks and hazards, uncertainty as to calculation of
mineral resources and reserves, and other risks. The Company’s
dividend policy will be reviewed periodically by the Board of
Directors and is subject to change based on certain factors such as
the capital needs of the Company and its future operating results.
Readers should not place undue reliance on forward-looking
statements or information included herein, which speak only as of
the date hereof. The Company undertakes no obligation to reissue or
update forward-looking statements or information as a result of new
information or events after the date hereof except as may be
required by law. See McEwen Mining's Annual Report on Form
10-K for the fiscal year ended December 31, 2016 and
other filings with the Securities and Exchange Commission,
under the caption "Risk Factors", for additional information on
risks, uncertainties and other factors relating to the
forward-looking statements and information regarding the Company.
All forward-looking statements and information made in this news
release are qualified by this cautionary statement.
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.
CONTACT INFORMATION: |
Mihaela IancuInvestor Relations(647)-258-0395 ext
320info@mcewenmining.com |
Website:
www.mcewenmining.comFacebook:
facebook.com/mcewenrob Twitter:
twitter.com/mcewenmining |
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1J9(866)-441-0690 |
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