McEwen Mining Addresses NYSE Listing Requirements
January 06 2022 - 4:31PM
McEwen Mining Inc. (NYSE: MUX) (TSX:
MUX) reports that it has fallen below the New
York Stock Exchange ("NYSE") continued listing requirement
related to the price of its common stock.
The NYSE requires that the average closing price of a
listed company's common stock be above US$1.00 per share,
calculated over a period of 30 consecutive trading days. The
Company was notified by the NYSE on January 5th,
2022 that the average price of its common stock for the
previous 30 trading days was below $1.00 per share.
McEwen Mining intends to take steps to regain
compliance with the NYSE continued listing requirements.
Under NYSE rules, the Company has a period of
six months to bring its share price and 30-day average closing
share price back above $1.00. During this period, the
Company’s common stock will continue to trade on
the NYSE, subject to all other continued listing requirements.
At the end of the six-month remedy period, if the share price has
not recovered, the Company's stock will be subject
to NYSE suspension and delisting procedures. The
Company's listing on the Toronto Stock Exchange ("TSX")
is unaffected by any actions of the NYSE.
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. See McEwen Mining's
Annual Report on Form 10-K for the fiscal year ended December 31,
2020 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 the management of
McEwen Mining Inc.
ABOUT MCEWEN MININGMcEwen
Mining is a diversified gold and silver producer and explorer
focused in the Americas with operating mines in Nevada, Canada,
Mexico and Argentina. It also has a large exposure to copper
through its subsidiary McEwen Copper, owner of the giant Los Azules
copper deposit in Argentina.
CONTACT INFORMATION: |
Investor Relations:(866)-441-0690
Toll-Free(647)-258-0395Mihaela Iancu ext.
320info@mcewenmining.com |
Website:
www.mcewenmining.comFacebook: facebook.com/mcewenminingFacebook: facebook.com/mcewenrob Twitter:
twitter.com/mcewenminingTwitter: twitter.com/robmcewenmuxInstagram:
instagram.com/mcewenmining |
150 King Street WestSuite 2800, P.O. Box 24Toronto, ON, CanadaM5H
1J9 |
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