McEwen Mining Announces Management Additions
July 08 2019 - 6:08PM
McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) is
pleased to announce two new management appointments. Steven
Woolfenden, will be joining as the Vice President of Environment
and Community Affairs; and Stefan Spears is changing roles to
become Vice President of Corporate Development.
Steven Woolfenden
Steven Woolfenden has over 20 years’ of
experience in environmental sciences and 10 years’ experience
navigating complex environmental approvals and permitting for
mining projects, both in Canada and abroad. He is a biologist with
experience working in government for 10 years (Fisheries and Oceans
Canada and the Canadian Environmental Assessment Agency) prior to
entering the private sector. In his previous role with IAMGOLD
Corporation for the past seven years, he was responsible for
oversight of environmental matters and worked to build effective
relationships with regulatory authorities, aboriginal peoples,
stakeholders and local communities.
Steve Woolfenden has secured many favorable
outcomes for stakeholders over the years, and prides himself on
building strong sustainable frameworks based on mutual respect,
science based assessments, and technology driven monitoring. We
welcome Steve to this new management position at McEwen.
Steve Woolfenden commented, “I am
excited to be joining McEwen Mining because I believe my experience
in leading permitting efforts will allow me to make a positive
contribution to the organic growth of the Company. The desire
of the McEwen team to look for innovative solutions to problems
also attracted me, as I am always on the lookout for opportunities
to improve our environmental aptitude and speed up the regulatory
process.”
Steve Woolfenden holds a B.Sc. degree in
Biological Sciences from the University of Guelph.
Stefan Spears
Stefan Spears has worked with McEwen and its
predecessor companies since 2005. In 2008, he was appointed Vice
President of Projects with leadership over our US based portfolio
of assets, particularly the early development of the Gold Bar Mine
from exploration, to resource growth, to pre-feasibility and
permitting. From 2012 to 2015 Stefan started and later sold a
successful manufacturing enterprise outside the mining sector. In
2015, Stefan rejoined McEwen to work collaboratively across many
departments and initiatives, including addressing market related
challenges, technical problem solving, the acquisition of Black
Fox, and corporate finance needs.
During his 15-year carrier in mining, Stefan has
been involved in numerous mergers, acquisitions and financings. His
primary responsibility in his new position will be to implement the
chosen corporate growth strategy, streamline our existing portfolio
of projects, and support corporate communications and investor
relations.
“McEwen Mining has every element needed
to succeed, notably; great projects, experienced and hard-working
management, and supportive stakeholders. I’m privileged to be able
to work in such an environment, and excited by what challenges the
next phase of growth will entail,” said Stefan Spears.
Stefan Spears holds a B.Sc. in Civil Engineering
from Queen’s University in Kingston.
ABOUT MCEWEN MINING
McEwen Mining is a diversified gold and silver
producer with operating mines in Nevada, Canada, Mexico and
Argentina. It also owns a large copper deposit in Argentina.
McEwen’s goal is to qualify for inclusion in the S&P 500 Index
by creating a profitable gold and silver producer focused in the
Americas.
McEwen has approximately 362 million shares
outstanding. Rob McEwen, Chairman and Chief Owner, owns 22% of the
shares.
CAUTION CONCERNING FORWARD-LOOKING
STATEMENTSThis 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 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, 2018 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.com
Facebook: facebook.com/mcewenrob
Twitter:
twitter.com/mcewenminingInstagram:
instagram.com/mcewenmining |
150 King Street WestSuite 2800, P.O. Box 24Toronto, ON, CanadaM5H
1J9(866)-441-0690 |
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