Current Report Filing (8-k)
March 23 2020 - 11:38AM
Edgar (US Regulatory)
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2020-03-19
2020-03-20
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
March 20, 2020
McEWEN MINING INC.
(Exact name of registrant as specified in
its charter)
Colorado
(State or other jurisdiction of
incorporation or organization)
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001-33190
(Commission File
Number)
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84-0796160
(I.R.S. Employer
Identification No.)
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150 King Street West, Suite 2800
Toronto, Ontario, Canada M5H 1J9
(Address of principal executive offices)
(Zip Code)
Registrants telephone number including
area code: (866) 441-0690
Check the appropriate box below if the Form 8-K filing
is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
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¨
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Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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¨
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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¨
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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¨
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Securities registered pursuant
to Section 12(b) of the Act:
Title of each class
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Trading Symbol(s)
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Name of each exchange on which registered
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Common Stock
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MUX
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New York Stock Exchange
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Indicate by check mark whether the registrant is an emerging
growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of
the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth
company ¨
If an emerging
growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with
any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨
On March 20, 2020, McEwen Mining Inc. (the
“Company”) issued a press release announcing a temporary closure of the San Jose mine in Argentina operated by its
joint venture partner. The closure resulted from a state of emergency declared by the government of Argentina to reduce the spread
of COVID-19 and will last at least until March 31, 2020. Work at the Company’s Los Azules copper project in Argentina is
also being suspended until further notice.
The Company
also announced that with the confirmed presence of COVID-19 in the Timmins region of Canada, it is implementing numerous additional
safety precautions at its operations at the Black Fox complex. As a result of the suspension of work at the San Jose mine as well
as the uncertainty regarding the impact of COVID-19 on its operations, the Company has withdrawn all previously-announced production
and cost guidance for 2020. A copy of the press release dated March 20, 2020 is attached to this report as Exhibit 99.1 and incorporated
herein by reference.
Item 9.01
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Financial Statements and Exhibits.
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Cautionary Statement
With the exception of historical matters,
the matters discussed in the press release include forward-looking statements within the meaning of applicable securities laws
that involve risks and uncertainties that could cause actual results to differ materially from projections or estimates contained
therein. Such forward-looking statements include, among others, statements regarding future exploration, development, construction
and production activities. Factors that could cause actual results to differ materially from projections or estimates include,
among others, the uncertain impacts from the COVID-19 pandemic, metal prices, economic and market conditions, operating costs,
receipt of permits, receipt of working capital and future drilling results, as well as other factors described in the Company’s
Annual Report on Form 10-K for the year ended December 31, 2019, and other filings with the United States Securities
and Exchange Commission. Most of these factors are beyond the Company’s ability to predict or control. The Company disclaims
any obligation to update any forward-looking statement made in the press release, whether as a result of new information, future
events, or otherwise. Readers are cautioned not to put undue reliance on forward-looking statements.
SIGNATURE
Pursuant to the requirements of Section 13
or 15(d) of the Securities Exchange Act of 1934, the registrant has caused this report to be signed on its behalf by the undersigned
thereunto duly authorized.
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McEWEN MINING INC.
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Date: March 23, 2020
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By:
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/s/ Carmen Diges
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Carmen Diges, General Counsel
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