McEwen Mining Announces Senior Management Changes
May 06 2022 - 8:19AM
McEwen Mining Inc. (NYSE: MUX) (TSX:
MUX) (“McEwen Mining” or the “Company”) announces
that Anna Ladd-Kruger, Chief Financial Officer, has decided to
retire to focus on her health and family; she will depart after the
first quarter reporting is complete and an orderly transition is in
place. CFO responsibilities will be assumed on an interim basis by
Perry Y. Ing until a new executive transitions into the position.
Mr. Ing, CA, CPA, CFA, is an experienced executive who previously
served as CFO of the Company and its predecessor from 2008 to 2015
and subsequently served as CFO of Kirkland Lake Gold and, most
recently, of Mountain Province Diamonds.
Additionally, Peter Mah, Chief Operating
Officer, is stepping down for personal reasons on June 3rd.
Responsibility for oversight of operations will be assumed on an
interim basis by William (Bill) Shaver, currently a director of the
Company. Mr. Shaver, P. Eng., is a seasoned mining executive with
over 50 years of management and executive experience in all facets
of mine design, construction, and operations. In 1980, he was a
co-founder of Dynatec Corporation, which became one of the leading
contracting and mine operating groups in North America. Most
recently, he served as Chief Operating Officer of INV Metals before
its sale to Dundee Precious Metals.
The CEO and Board of Directors are currently
preparing transition plans and a search for candidates for both
roles is underway. We thank Anna and Peter for their contributions
and wish them well in the future.
The focus of the Company going forward is on
stabilizing its operations after a challenging period, divesting
certain assets, and advancing our most significant value driver,
the giant Los Azules copper project, towards key milestones (PEA,
IPO, PFS).
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, effects of the COVID-19 pandemic, 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 the
calculation of mineral resources and reserves, and other risks.
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, 2021, 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, and
Argentina. It also has a large exposure to copper through its
subsidiary McEwen Copper, owner of the Los Azules copper deposit in
Argentina.
CONTACT
INFORMATION: |
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Investor Relations:(866)-441-0690
Toll-Free(647)-258-0395Mihaela Iancu ext.
320info@mcewenmining.com |
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150 King Street WestSuite 2800,
P.O. Box 24Toronto, ON, CanadaM5H 1J9 |
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