McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) today
reported fourth quarter and full year results for the period ended
December 31, 2022.
“2022 was an important transition year
for McEwen Mining. Our Fox operation in Timmins showed the largest
improvement from 2021, with a 22% increase in gold production, 8%
lower cash costs per ounce and steady all-in sustaining costs per
ounce. Our operation in Nevada has now transitioned production to
our Gold Bar South pit, a new mining contractor has been instated,
and production is increasing,” commented Rob McEwen,
Chairman and Chief Owner. “Our McEwen Copper subsidiary
reached several milestones during 2022 and early 2023, including,
building a seasoned Argentine management team, improving critical
access to Los Azules with the completion of a second route to site,
advancing technical studies, cementing our commitments to
government and local stakeholders, and welcoming two strategic
investors: Nuton (a Rio Tinto Venture and part of the world’s
2nd largest mining company) and
Stellantis, the world’s 4th
largest automobile manufacturer and mobility
provider.”
Looking Ahead
- For 2023, our production
guidance is 150,000 to 170,000
GEOs (see Table 1).
- Subsequent to the year end, a
subsidiary of Stellantis N.V. invested ARS$ 30
billion, and Nuton LLC, a Rio Tinto Venture, agreed to
increase its investment by $30 million, to acquire
shares of McEwen Copper. Subsequent to these transactions, each of
Stellantis and Nuton own 14.2% of McEwen Copper,
and McEwen Mining owns 52%. As a result, the
implied valuation of McEwen Copper is now approximately
$550 million on a 100% basis.
Looking at 2022
- Our McEwen Copper subsidiary
completed three tranches of financing during 2021-2022, raising a
total of $81.9 million for Los Azules exploration
and pre-development activities.
- In 2022, production was
133,300 gold equivalent ounces
(GEOs)(1), slightly below our revised guidance
range of 134,600 to 141,600 GEOs due to lower than planned
production at the Fox Complex during the final days of the year
(see Table 2).
- Our 100%-owned mines (Fox Complex
and Gold Bar) generated a cash gross profit of $19.2
million(2) in 2022 and a gross loss of $0.5
million. Cash gross profit is calculated by adding back
non-cash depletion and depreciation to gross profit (loss).
- We incurred advanced project
expenditures of $41.3 million at Los Azules net of
foreign exchange gains, or, on a gross basis, a $61.1
million contribution to net loss. Under U.S. GAAP, we
continue to expense our Los Azules project costs.
- Our consolidated net loss in 2022
of $81.1 million, or $1.71 per
share, relates primarily to investment of $81.7
million in advanced projects and exploration (including
100% of Los Azules expenses) offset by a gain of $19.8
million on foreign exchange transactions, general and
administrative costs of $11.9 million, tax
expenses of $5.8 million, and a gross loss of
$0.5 million from our operations (see Table
4).
- Cash and liquid assets(2) at
December 31, 2022 were $46.2 million.
- Production costs per ounce for 2022
were $1,276 for cash costs(2) per GEO sold from
our 100%-owned mines, representing a decrease of
12% compared to 2021, and $1,688
for all-in sustaining costs (AISC)(2) per GEO
sold, representing an increase of 3% compared to
2021 (see Table 3).
- We continued to invest aggressively
in exploration, completing 181,100 feet (55,200
meters) of drilling at the Fox Complex, 16,900
feet (5,200 meters) of drilling at the Gold Bar Mine, and
73,500 feet (22,400 meters) at the Los Azules
project.
- A webcast will be held on
Tuesday, March 14th at
11:00 am EDT. Please see the details further below.
Table 1 below provides
production and cost results for Q4 and the full year 2022, with
comparative results from 2021 and our guidance range for 2023.
|
|
Q4 |
Full Year |
Full Year 2023Guidance Range |
|
2021 |
|
2022 |
|
2021 |
|
2022 |
|
|
|
Consolidated Production |
|
|
|
|
|
|
|
|
|
|
|
Gold (oz) |
31,300 |
|
28,970 |
|
118,500 |
|
102,680 |
|
123,000-139,000 |
|
|
Silver (oz) |
682,700 |
|
702,000 |
|
2,572,000 |
|
2,598,230 |
|
2,300,000-2,600,000 |
|
|
GEOs(1) |
40,150 |
|
37,280 |
|
154,410 |
|
133,300 |
|
150,000-170,000 |
|
|
Gold Bar Mine, Nevada |
|
|
|
|
|
|
|
|
|
|
|
GEOs(1) |
9,950 |
|
7,940 |
|
43,850 |
|
26,620 |
|
42,000-48,000 |
|
|
Cash Costs ($/GEO)(1) |
2,038 |
|
1,083 |
|
1,687 |
|
1,622 |
|
|
|
|
AISC ($/GEO)(1) |
2,104 |
|
1,395 |
|
1,753 |
|
1,989 |
|
|
|
|
Fox Complex, Canada |
|
|
|
|
|
|
|
|
|
|
|
GEOs(1) |
9,460 |
|
9,870 |
|
30,060 |
|
36,650 |
|
42,000-48,000 |
|
|
Cash Costs ($/GEO)(1) |
1,122 |
|
1,137 |
|
1,108 |
|
1,020 |
|
|
|
|
AISC ($/GEO)(1) |
1,760 |
|
1,606 |
|
1,461 |
|
1,465 |
|
|
|
|
San José Mine, Argentina (49%) |
|
|
|
|
|
|
|
|
|
|
|
Gold production (oz)(4) |
11,300 |
|
11,170 |
|
40,900 |
|
38,610 |
|
39,000-43,000 |
|
|
Silver production (oz)(4) |
682,700 |
|
700,850 |
|
2,572,500 |
|
2,593,300 |
|
2,300,000-2,600,000 |
|
|
GEOs(1)(3) |
20,200 |
|
19,420 |
|
76,800 |
|
69,130 |
|
66,000-74,000 |
|
|
Cash Costs ($/GEO)(1) |
1,708 |
|
1,321 |
|
1,262 |
|
1,306 |
|
|
|
|
AISC ($/GEO)(1) |
2,043 |
|
1,701 |
|
1,603 |
|
1,714 |
|
|
|
El Gallo mine produced 900 GEOs for 2022 from residual leaching
that ceased in July 2022.
Notes:
- 'Gold Equivalent Ounces' are calculated based on a gold to
silver price ratio of 77:1 for Q4 2021, 72:1 for 2021, 85:1 for Q4
2022 and 84:1 for 2022. 2023 production guidance is calculated
based on 85:1 gold to silver price ratio.
- Cash gross profit, cash costs per ounce, all-in sustaining
costs (AISC) per ounce, and liquid assets are non-GAAP financial
performance measures with no standardized definition under U.S.
GAAP. For definition of the non-GAAP measures see
"Non-GAAP- Financial Measures" section in this press release;
for the reconciliation of the non-GAAP measures to the closest U.S.
GAAP measures, see the Management Discussion and Analysis for the
year ended December 31, 2022 filed on Edgar and SEDAR.
- McEwen Mining shares issued and outstanding at Dec 31, 2021
were 459,187,391 and at Dec 31, 2022 was 47,427,584, following a
reverse share split effective July 28, 2022.
- Represents the portion attributable
to us from our 49% interest in the San José Mine.
Table 2. Production for Q4 & Year
ended Dec 31, 2022, compared to Q4 & Year ended Dec
31, 2021.
|
2022 vs 2021 |
Production in Q4 2022 |
Production in 2022 |
|
Q4 2022(GEOs) |
Q4 2021(GEOs) |
Q4 2022vsQ4
2021 |
2022(GEOs) |
2021(GEOs) |
2022vs2021 |
|
Gold Bar Mine, Nevada |
7,940 |
|
9,950 |
|
-20 |
% |
26,620 |
43,850 |
-39 |
% |
|
Fox Complex, Canada |
9,870 |
|
9,500 |
|
+4 |
% |
36,650 |
30,060 |
+22 |
% |
|
San José Mine, Argentina |
19,420 |
|
20,200 |
|
-4 |
% |
69,130 |
76,800 |
-10 |
% |
| |
|
|
|
|
|
|
|
|
|
|
Table 3. Cash costs and AISC per ounce sold for
Year ended Dec 31, 2022, compared to Year ended
Dec 31, 2021.
|
2022 vs 2021 |
Cash Costs |
AISC |
|
2022($/GEO) |
2021($/GEO) |
2022 vs 2021 |
2022($/GEO) |
2021($/GEO) |
2022 vs 2021 |
|
Gold Bar Mine, Nevada |
1,622 |
1,687 |
-4 |
% |
1,989 |
1,753 |
+13% |
|
Fox Complex, Canada |
1,020 |
1,108 |
-8 |
% |
1,465 |
1,461 |
unch |
|
San José Mine, Argentina |
1,306 |
1,262 |
+3 |
% |
1,714 |
1,603 |
+7% |
|
|
|
|
|
|
|
|
|
Table 4. Financial results Q4 &
Year ended Dec 2022, compared to Q4 & Year ended Dec
2021.
|
|
2022 |
|
2021 |
|
|
Q4 |
Year |
Q4 |
Year |
|
(Millions of Dollars) |
|
|
|
|
|
Revenue |
28.2 |
|
110.4 |
|
35.0 |
|
136.5 |
|
|
Cash gross profit (loss)(2) |
7.9 |
|
19.2 |
|
1.2 |
|
17.3 |
|
|
Gross profit (loss) |
(0.3 |
) |
(0.5 |
) |
(5.9 |
) |
(6.5 |
) |
|
Net loss |
(37.4 |
) |
(81.1 |
) |
(21.0 |
) |
(56.7 |
) |
|
(Dollars) |
|
|
|
|
|
Net loss per share(3) |
(0.79 |
) |
(1.71 |
) |
(0.05 |
) |
(0.12 |
) |
Operations Update
Fox Complex, Canada (100%
Interest)
Production from the Black Fox Mine stopped in
Q4, 2021 and started at the Froome Mine. As a result, production in
2022 increased 22% year over year, costs were
slightly lower, and the safety record improved.
In addition, Froome’s production exceeded mill
capacity; therefore 120,000 tonnes of mineralized material was
stockpiled at the end of 2022, ready for processing in 2023.
The Froome Mine produced 9,870
GEOs in Q4 2022, bringing the full year 2022
production to 36,650 GEOs. This represents increases of
4% and 22% respectively from the
comparable periods in 2021.
Cash cost per GEO sold in 2022, was
$1,020 and AISC per GEO was
$1,465 compared to costs in 2021 of $1,108 and
$1,461, respectively.
In recent years, we have invested significant
capital in exploration. The principal focus has been on discovering
resources adjacent to our existing operations in order to increase
gold production, extend the mine life and shorten the payback
period of the PEA. During 2022, we incurred $11.4
million in exploration activities at Fox. The exploration
budget for 2023 at the complex is $15.0
million.
The Preliminary Economic Assessment (PEA) for
the Fox Complex published on January 26, 2022 details our expansion
plans for the Fox Complex, to occur after we complete mining at the
Froome Mine. As a result of our investment in exploration, we have
found sufficient new gold resources that allow for extending the
mine life, planning a doubling of gold production and significantly
reducing costs per ounce. The economics are attractive, providing
for a mine life of an additional 9-years where the average annual
gold production is 80,800 oz with average cash
costs and AISC per ounce of $769 and
$1,246, respectively.
Gold Bar Mine, USA (100%
Interest)
A record safety milestone was achieved in 2022,
operating for over 1,000 days without a lost-time incident.
Production at Gold Bar was adversely impacted by
encountering carbonaceous ore that could not be processed and the
delay in mining as we transitioned to a new mining contractor. As a
result, the mine production was 39% lower year-over-year with
7,940 GEOs in Q4, and 26,620 in
2022.
Cash cost and AISC per GEO sold were
$1,622 and $1,989 for the year
2022. The year-over-year 4% decrease in cash cost
per GEO was primarily a result of reduced contract mining costs.
AISC per GEO for the year 2022 was 14% higher due
to expenditures on reclamation, exploration, plant and equipment,
and securing environmental credits for the Gold Bar South (GBS)
project.
In 2023, production has shifted to GBS, which
does not contain carbonaceous ore, has a lower waste stripping
ratio and a higher average gold grade compared to previous mined
areas at Gold Bar. The change of the mining contractor in Q4 2022
is expected to drive improved production efficiencies in 2023.
In 2022, $4.8 million was
invested in exploration, including drilling 16,900
feet (5,200 meters) of core and reverse circulation
drilling focused on targets around the mine, such as near-mine
extensions at Cabin North, Pick and potential extensions at the
Atlas Pit. The exploration budget for 2023 is $5.5
million.
San José Mine, Argentina (49%
Interest)
Our share of the San José mine production was
69,130 GEO in 2022, 10% lower
than in 2021. The decrease is attributable to lower processed
tonnes due to the impact of COVID-19 and mill availability issues
in Q1 2022. Together with a decrease in gold and silver prices in
2022 compared to 2021, the dividend received was only $0.3
million in 2022, compared to $9.8 million received during
2021.
Q4 2022 cash costs and AISC per GEO of
$1,321 and $1,701 respectively.
These costs were still high but substantially better than in Q4
2021, decreasing by 23% and 17%
respectively compared to Q4 2021. Production costs in 2021 were
adversely impacted by COVID-19.
2022 cash costs and AISC per GEO were
$1,306 and $1,714, an increase of
3% and 7% respectively compared
to 2021, as a result of lower GEOs sold partially offset by lower
production costs.
McEwen Copper (52%
Interest)
On August 31, 2022, McEwen Copper completed a
US$81.9 million offering including a $25
million investment by Nuton, a Rio Tinto Venture.
On October 24, 2022, McEwen Copper signed an
option agreement with Kennecott Exploration Company (“Kennecott”),
a subsidiary of Rio Tinto. By spending $18 million
over up to seven years, Kennecott can earn a 60% interest in the
Elder Creek property and form a 60:40 joint venture with McEwen
Copper.
Subsequent to December 31, 2022, we announced
the closing of an ARS $30.0 billion investment by
FCA Argentina S.A., a subsidiary of Stellantis N.V. (“Stellantis”)
to acquire shares of McEwen Copper and of a second investment of
$30 million by Nuton that increases their
investment to $55 million. The Stellantis transaction consisted of
a private placement of 2,850,000 common shares, and the purchase of
1,250,000 common shares indirectly owned by McEwen Mining in a
secondary sale. The Nuton transaction consisted of a private
placement of 350,000 common shares, and the purchase of 1,250,000
common shares indirectly owned by McEwen Mining in a secondary
sale. The proceeds of the private placement will be used to advance
the development of the Los Azules copper project in San Juan,
Argentina, and for general corporate purposes. Subsequent to the
transactions, Stellantis and Nuton each own 14.2%
of McEwen Copper, while McEwen Mining’s ownership is reduced to
approximately 52%. McEwen Mining plans to use the
proceeds from the secondary sales to reduce its debt by 38% and
increase its treasury to fund production growth.
About StellantisStellantis N.V.
is one of the world's leading automakers and a mobility provider.
Its storied and iconic brands embody the passion of their visionary
founders and today’s customers in their innovative products and
services, including Abarth, Alfa Romeo, Chrysler, Citroën, Dodge,
DS Automobiles, Fiat, Jeep®, Lancia, Maserati, Opel, Peugeot, RAM,
Vauxhall, Free2Move and Leasys.
About NutonNuton is an
innovative new venture that aims to help grow Rio Tinto’s copper
business. At the core of Nuton is a portfolio of proprietary
copper leach-related technologies and capability – a product of
almost 30 years of research and development.
Nuton™ Technologies offer the potential to economically unlock
copper sulphide resources, copper bearing waste and tailings, and
achieve higher copper recoveries on oxide and transitional
material, allowing for a significantly increased copper
production.
Exploration DrillingDrilling
has focused on increasing drill hole density to upgrade the copper
mineral resource classification to measured and indicated and to
better define the payback pit design; providing metallurgical,
hydrological, and geotechnical data to support mine design; and
testing for potential extensions of the copper resource to the
north, south and at depth. Drilling started in January and went to
May, when it stopped for the winter in the southern hemisphere,
then restarted in October and is currently ongoing. There were 6
drill rigs on site in 2022, and 5 more were added in early
2023.
From 2022 to date we have drilled over
105,000 feet (32,000 meters) in 98 drill
holes. Recent results include 236 m of
1.39% Cu and 0.19 g/t Au
including 42 m of 2.78% Cu (hole
AZ23191) for delineation and 1,052 m of
0.29% Cu including 480 m of
0.42% Cu (hole AZ22174) for exploration.
A total of $61.2 million was
spent in 2022 at the Los Azules project to advance drilling,
engineering and project feasibility work. The first step is
updating the PEA that is expected to be published in Q2 2023.
Road ConstructionIn 2022, a
major advance was made that will accelerate the development of Los
Azules with the completion of a new low altitude access road
(maximum 11,155 feet ASL), which we share in part with other mining
projects, including El Pachón and Altar. The importance of having a
second road into the site at 2,000 feet lower altitude means we now
have almost year-round access.
Technical StudiesThe updated
PEA will include all available information on drilling, assay and
metallurgical testing obtained during the 2017, 2018 and 2022
exploration seasons. During the quarter we continued work on
trade-off studies (related to power supply and the potential for
renewables, mining methods and processing options), an updated
glacier study, and initial geotechnical field of work for the
design of heap leaching, tailings and waste storage facilities.
Hydro-geological holes have commenced and complement the works on
assessing historical information and re-establishing existing water
monitoring locations.
Currently, we are developing a scenario for Los
Azules as an open pit mine that initially processes leachable
copper content in a heap leach, with a solvent extraction and
electrowinning facility to produce LME Grade A copper cathodes.
This scenario would greatly reduce capital expenditures as compared
to 2017’s PEA using concentrator technology, in addition it would
be more environmentally sensitive due to its much lower water
consumption and carbon footprint. The project design makes use of
renewable energy, reducing overall complexity and improves its
financial attractiveness.
Metallurgical studies continue, including with
Nuton’s technology for heap leaching of copper ore. Initial results
show promising recoveries and reduced acid consumption for the
scenario described above.
The Exploitation Environmental Impact Report
preparation has been awarded to Knight Piesold, with the drafting
of the report underway and on track for submitting to permitting
authorities in April 2023.
El Gallo Mine and Fenix Project (100%
Interest)
Activities at the El Gallo mine in 2022 were
limited to residual leaching as part of closure and reclamation
plans. The residual leaching activities of the El Gallo mine,
ceased in July 2022.
The capital required to build the Fenix Project
was reduced materially in September 2022 with the purchase of a
second-hand gold processing plant and associated equipment for
$2.8 million. The purchase includes substantially
all the major components required to start the Fenix Project. This
equipment was estimated at $25.3 million in our
Fenix Project feasibility study, published in February 2021.
Multiple strategic alternatives continue to be
evaluated for the project including financing options, lower
capital costs, potential base metal evaluation.
Conference Call and Webcast
Management will discuss our Q4 and Year-End 2022
financial results and project developments and follow with a
question and answer session. Questions can be asked directly by
participants over the phone during the webcast.
|
|
TuesdayMar 14th
202311:00 AM EDT |
Toll Free (US & Canada): |
(888) 330-2398 |
|
|
Outside US &
Canada: |
(240) 789-2709 |
|
|
Conference ID
Number: |
67121 |
|
|
Event Registration
Link: |
https://conferencingportals.com/event/ZSafhHZi |
|
|
Webcast Link: |
https://events.q4inc.com/attendee/387697089 |
The webcast will be archived on McEwen Mining's website at
https://www.mcewenmining.com/media following the call.
Technical Information
The technical content of this news release
related to financial results, mining and development projects has
been reviewed and approved by William (Bill) Shaver, P.Eng., COO of
McEwen Mining and a Qualified Person as defined by SEC S-K 1300 and
the Canadian Securities Administrators National Instrument 43-101
"Standards of Disclosure for Mineral Projects."
Reliability of Information Regarding San
JoséMinera Santa Cruz S.A., the owner of the San José
Mine, is responsible for and has supplied to the Company all
reported results from the San José Mine. McEwen Mining’s joint
venture partner, a subsidiary of Hochschild Mining plc, and its
affiliates other than MSC do not accept responsibility for the use
of project data or the adequacy or accuracy of this release.
CAUTIONARY NOTE REGARDING NON-GAAP
MEASURES
In this release, we have provided information
prepared or calculated according to United States Generally
Accepted Accounting Principles (“U.S. GAAP”), as well as provided
some non-U.S. GAAP ("non-GAAP") performance measures. Because the
non-GAAP performance measures do not have any standardized meaning
prescribed by U.S. GAAP, they may not be comparable to similar
measures presented by other companies.
Cash Costs and All-in Sustaining CostsCash costs
consist of mining, processing, on-site general and administrative
costs, community and permitting costs related to current
operations, royalty costs, refining and treatment charges (for both
doré and concentrate products), sales costs, export taxes and
operational stripping costs, and exclude depreciation and
amortization. All-in sustaining costs consist of cash costs (as
described above), plus accretion of retirement obligations and
amortization of the asset retirement costs related to operating
sites, sustaining exploration and development costs, sustaining
capital expenditures, and sustaining lease payments. Both cash
costs and all-in sustaining costs are divided by the gold
equivalent ounces sold to determine cash costs and all-in
sustaining costs on a per ounce basis. We use and report these
measures to provide additional information regarding operational
efficiencies on an individual mine basis, and believe that these
measures provide investors and analysts with useful information
about our underlying costs of operations. A reconciliation to
production costs applicable to sales, the nearest U.S. GAAP measure
is provided in McEwen Mining's Annual Report on Form 10-K for the
year ended December 31, 2022.
Cash Gross ProfitCash gross profit is a non-GAAP
financial measure and does not have any standardized meaning. We
use cash gross profit to evaluate our operating performance and
ability to generate cash flow; we disclose cash gross profit as we
believe this measure provides valuable assistance to investors and
analysts in evaluating our ability to finance our ongoing business
and capital activities. The most directly comparable measure
prepared in accordance with GAAP is gross profit. Cash gross profit
is calculated by adding depletion and depreciation to gross profit.
A reconciliation to gross profit, the nearest U.S. GAAP measure is
provided in McEwen Mining's Annual Report on Form 10-K for the year
ended December 31, 2022.
Liquid AssetsThe term liquid assets used in this
report is a non-GAAP financial measure. We report this measure to
better understand our liquidity in each reporting period. Liquid
assets is calculated as the sum of the Balance Sheet line items of
cash and cash equivalents, restricted cash and investments, plus
ounces of doré held in precious metals inventories valued at the
London PM Fix spot price at the corresponding period. A
reconciliation to the nearest U.S. GAAP measure is provided in
McEwen Mining's Annual Report on Form 10-K for the year ended
December 31, 2022.
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, 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
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, 2022 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.
ABOUT MCEWEN MINING
McEwen Mining is a gold and silver producer with
operations in Nevada, Canada, Mexico and Argentina. In addition, it
owns approximately 52% of McEwen Copper which owns the large,
advanced stage Los Azules copper project in Argentina. The
Company’s goal is to improve the productivity and life of its
assets with the objective of increasing its share price and
providing a yield. Rob McEwen, Chairman and Chief Owner, has
personally provided the company with $220 million and takes an
annual salary of $1.
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WEB SITE |
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SOCIAL
MEDIA |
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www.mcewenmining.com |
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McEwen Mining |
Facebook: |
facebook.com/mcewenmining |
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LinkedIn: |
linkedin.com/company/mcewen-mining-inc- |
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CONTACT
INFORMATION |
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Twitter: |
twitter.com/mcewenmining |
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150 King Street West |
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Instagram: |
instagram.com/mcewenmining |
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Suite 2800, PO Box 24 |
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Toronto, ON, Canada |
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McEwen Copper |
Facebook: |
facebook.com/
mcewencopper |
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M5H 1J9 |
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LinkedIn: |
linkedin.com/company/mcewencopper |
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Twitter: |
twitter.com/mcewencopper |
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Relationship with
Investors: |
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Instagram: |
instagram.com/mcewencopper |
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(866)-441-0690 - Toll free line |
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(647)-258-0395 |
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Rob
McEwen |
Facebook: |
facebook.com/mcewenrob |
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Mihaela Iancu ext. 320 |
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LinkedIn: |
linkedin.com/in/robert-mcewen-646ab24 |
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info@mcewenmining.com |
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Twitter: |
twitter.com/robmcewenmux |
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McEwen Mining (NYSE:MUX)
Historical Stock Chart
From Nov 2023 to Dec 2023
McEwen Mining (NYSE:MUX)
Historical Stock Chart
From Dec 2022 to Dec 2023
