McEwen Mining
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McEwen Mining Discovers Additional Gold at El Gallo Phase 1 Production Area
TORONTO, ONTARIO--(Marketwire - July 19, 2012) - McEwen Mining Inc. (NYSE:MUX)(TSX:MUX) is pleased to announce exploration drill results from its 100% owned El Gallo Complex, in Sinaloa State, Mexico. Drilling has extended the known mineralized zones within the Phase 1 production area, where mine commissioning is underway (Fig. 1). The most impressive hole returned 1.1 gpt gold over 71.3 m, including 6.6 gpt gold over 4.9 m, which is believed to be the widest intersection of +1 gpt gold recorded at the property (Fig. 2 & 3).
"One of the best ways to stagnate in the mining industry is to stop exploration. We have no intention of doing so. Our properties continue to yield intriguing discoveries," stated Rob McEwen, Chief Owner.
El Gallo Phase 1 Exploration Drill Results
Drilling within the El Gallo Phase 1 area commenced during the Second Quarter with the objective of expanding the size of the overall gold resources (M&I: 566,508 gold ounces; Inferred: 271,081 gold ounces)* in order to increase the current mine life (approximately 6-7 yrs). The majority of the drilling has focused on extending the limits of the Lupita vein (Fig. 1 & 2), to the southwest and at depth. Five of the seven holes were successful. The most important hole is MLX-013. This hole is located approximately 200 m southwest of the planned Lupita open pit, in an area that has seen limited exploration. The mineralization remains open in several directions.
..."
http://www.marketwire.com/press-release/...-area-nyse-mux-1682124.htm
So wie ich dies verstehe, geht es hierbei um eine Art Bestätigung / Versicherung, welche die McEwen berechtigt, Wertpapiere / Schuldverschreibungen bis zu einem Gegenwert von 200 Mio. $ ausgeben zu dürfen.
Evtl. handelt es sich zudem auch um eine weitere Vorarbeit für die geplante Aufnahme im S&P 500.
Falls es jemand besser versteht bzw. erläutern kann, wäre ich dankbar dafür.
Prosit
Ho(o)mer
McEwen Mining Inc.
NYSE: MUX
TSX: MUX
Other Recent News | Printer Friendly Version
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July 19, 2012
McEwen Mining Discovers Additional Gold at El Gallo Phase 1 Production Area
TORONTO, ONTARIO--(Marketwire - July 19, 2012) - McEwen Mining Inc. (NYSE:MUX)(TSX:MUX) is pleased to announce exploration drill results from its 100% owned El Gallo Complex, in Sinaloa State, Mexico. Drilling has extended the known mineralized zones within the Phase 1 production area, where mine commissioning is underway (Fig. 1). The most impressive hole returned 1.1 gpt gold over 71.3 m, including 6.6 gpt gold over 4.9 m, which is believed to be the widest intersection of +1 gpt gold recorded at the property (Fig. 2 & 3).
"One of the best ways to stagnate in the mining industry is to stop exploration. We have no intention of doing so. Our properties continue to yield intriguing discoveries," stated Rob McEwen, Chief Owner.
El Gallo Phase 1 Exploration Drill Results
Drilling within the El Gallo Phase 1 area commenced during the Second Quarter with the objective of expanding the size of the overall gold resources (M&I: 566,508 gold ounces; Inferred: 271,081 gold ounces)(i) in order to increase the current mine life (approximately 6-7 yrs). The majority of the drilling has focused on extending the limits of the Lupita vein (Fig. 1 & 2), to the southwest and at depth. Five of the seven holes were successful. The most important hole is MLX-013. This hole is located approximately 200 m southwest of the planned Lupita open pit, in an area that has seen limited exploration. The mineralization remains open in several directions.
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From To Thickness Gold Grade
Hole (m) (m) (m) (GPT)
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MLX-008 47.7 61.6 13.9 1.7
Including 53.1 58.3 5.2 3.0
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MLX-009 165.0 183.1 18.1 2.0
Including 165.0 165.8 0.8 40.9
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MLX-010 0.0 4.3 4.3 1.5
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MLX-012 114.8 133.4 18.6 2.1
Including 129.7 131.2 1.5 20.8
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MLX-013 50.0 121.3 71.3 1.1
Including 76.1 81.0 4.9 6.6
Including 95.2 96.6 1.4 6.5
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Holes MLX-012 and MLX-009 were completed approximately 30 meters below the previous drilling in order to extend the known mineralization. These holes demonstrate that the zone remains open for possible expansion at depth. Hole MLX-010 was drilled in order to extend the mineralization near surface.
Drilling to follow-up on these results is underway. Three core drills are currently focused within in the Phase 1 area and two holes to expand the mineralization encountered in MLX-013 have already been completed.
About El Gallo
The El Gallo Complex is located in Sinaloa State, Mexico. Phase 1 construction is nearing completion, with production scheduled to begin during the Third Quarter. Phase 1 production will average 30,000 ounces of gold per year. Phase 2, where a feasibility study is currently being completed and scheduled to be released during the Third Quarter, is forecasted to add an additional 100,000 ounces of gold and gold equivalent. Combined both phases of production are scheduled to produce approximately 130,000 ounces of gold and gold equivalent.
About McEwen Mining (www.mcewenmining.com)
The goal of McEwen Mining is to qualify for inclusion in the S&P 500 by 2015 by creating a high growth, low-cost, mid-tier gold producer focused in the Americas. McEwen Mining's principal assets consist of the San Jose mine in Santa Cruz, Argentina (49% interest); the El Gallo Complex in Sinaloa, Mexico; the Gold Bar Project in Nevada, US; the Los Azules Project in San Juan, Argentina and a large portfolio of exploration properties in Argentina, Nevada and Mexico. In 2012, McEwen Mining is planning to spend approximately US$40 million on exploration.
McEwen Mining has 267,919,384 shares issued and outstanding. Rob McEwen, Chairman, President and Chief Owner, owns 25% of the shares of the Company. As of March 31, 2012, McEwen Mining had cash and liquid assets of US$66.7 million, comprised of cash of US$41.1 million, silver and gold bullion at market value of US$21.4 million and marketable securities of US$1.1 million. The Company continues to hold a significant portion of its treasury in bullion with the belief that prices will continue to rise.
TECHNICAL INFORMATION:
This news release has been reviewed and approved by John Read, CPG, McEwen Mining's consulting geologist, who is a Qualified Person as defined by National Instrument 43-101 and is responsible for program design and quality control of exploration undertaken by McEwen Mining at its Mexican exploration properties. Mr. Read is not considered independent of the Company as defined in Section 1.5 of NI 43-101. Samples from the core drilling were split on-site at the Company's El Gallo Complex. One half of the split drill core is shipped to ALS Chemex for sample preparation and analysis by 4-acid digestion with ICP determination for silver and fire assay for gold. Samples returning greater than 1500 ppm silver or 10 ppm gold were re-analyzed using gravimetric fire assay. Standards and blanks were inserted every 20 samples. All holes were drilled with HQ bits and reduced to NTW where required. Samples were taken based on lithologic and/or mineralized intervals and vary in length. In some cases the true width of the mineral zones has not been determined.
The current resource estimate for the El Gallo Complex (as disclosed by McEwen Mining in its June 5, 2012 news release and which supercedes the resource estimate contained in the El Gallo PEA (see below)) was prepared by Brian Hartman P.Geo and Richard J. Kehmeier, CPG of Pincock, Allen and Holt (in-pit resources), each considered independent of the Company as defined in Section 1.5 of NI 43-101. All other resources were prepared by John Read CPG, Senior Geological Consultant to McEwen Mining. For additional information about the El Gallo Complex see also the "Preliminary Economic Assessment for the El Gallo District, Sinaloa State Mexico" dated February 11, 2011 and prepared by Paul Gates, PE, Richard Addison, PE, Aaron McMahon, PG of Pincock Allen & Holt of Denver, Colorado ("El Gallo PEA"). All three individuals are Qualified Persons as defined by NI 43-101 and are independent of US Gold Corporation as defined in Section 1.4 of NI 43-101 and Section 3.5 of Companion Policy 43-101CP. The El Gallo PEA is available under McEwen Mining's profile on SEDAR (www.sedar.com).
(i)The El Gallo gold resource totals Measured & Indicated: 566,508 oz. (34,400,000 tonnes @ 0.51 gpt) and Inferred: 271,081 oz. (27,600,000 tonnes @ 0.31 gpt).
CAUTIONARY NOTE TO US INVESTORS
McEwen Mining prepares its resource estimates in accordance with standards of the Canadian Institute of Mining, Metallurgy and Petroleum referred to in Canadian National Instrument 43-101 (NI 43-101). These standards are different from the standards generally permitted in reports filed with the SEC. Under NI 43-101, McEwen Mining reports measured, indicated and inferred resources, measurements which are generally not permitted in filings made with the SEC. The estimation of measured resources and indicated resources involve greater uncertainty as to their existence and economic feasibility than the estimation of proven and probable reserves. U.S. investors are cautioned not to assume that any part of measured or indicated resources will ever be converted into economically mineable reserves. The estimation of inferred resources involves far greater uncertainty as to their existence and economic viability than the estimation of other categories of resources.
CAUTION CONCERNING FORWARD-LOOKING STATEMENTS
McEwen Mining (including in its preparation of the El Gallo PEA) prepares its resource estimates in accordance with standards of the Canadian Institute of Mining, Metallurgy and Petroleum referred to in Canadian National Instrument 43-101 (NI 43-101). These standards are different from the standards generally permitted in reports filed with the SEC. Under NI 43-101, McEwen Mining reports measured, indicated and inferred resources, measurements which are generally not permitted in filings made with the SEC. The estimation of measured resources and indicated resources involve greater uncertainty as to their existence and economic feasibility than the estimation of proven and probable reserves. U.S. investors are cautioned not to assume that any part of measured or indicated resources will ever be converted into economically mineable reserves. The estimation of inferred resources involves far greater uncertainty as to their existence and economic viability than the estimation of other categories of resources.
Table 1. All Holes From Lupita Vein
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Gold
From To Thickness Grade Dip Azimuth Easting Northing
Hole (m) (m) (m) (GPT)(Degrees) (Degrees) (Degrees) (Degrees)
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MLX-007 91.2 93.5 2.3 2.2 -60 315 217769 2836286
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MLX-008 47.7 61.6 13.9 1.7 -60 315 217809 2836324
Including 53.1 58.3 5.2 3.0
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MLX-009 165.0 183.1 18.1 2.0 -65 315 217870 2836304
Including 165.0 165.8 0.8 40.9
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MLX-010 0.0 4.3 4.3 1.5 -60 315 217824 2836414
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MLX-011 76.4 135.6 59.2 0.3 -73 315 217858 2836389
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MLX-012 114.8 133.4 18.6 2.1 -80 315 217860 2836374
Including 129.7 131.2 1.5 20.8
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MLX-013 50.0 121.3 71.3 1.1 -50 315 217551 2836138
Including 76.1 81.0 4.9 6.6
Including 95.2 96.6 1.4 6.5
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To view Figure 1, please visit the following link: http://media3.marketwire.com/docs/MUX719figure1.pdf
To view Figure 2, please visit the following link: http://media3.marketwire.com/docs/MUX719figure2.pdf
To view Figure 3, please visit the following link: http://media3.marketwire.com/docs/MUX719figure3.pdf
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.
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CONTACT INFORMATION:
McEwen Mining Inc.
Jenya Meshcheryakova
Investor Relations
(647) 258-0395 ext 410 or Toll Free: (866) 441-0690
Fax: (647) 258-0408
info@mcewenmining.com
or
McEwen Mining Inc.
181 Bay Street Suite 4750
Toronto, ON M5J 2T3
PO box 792
Twitter: www.twitter.com/McEwenMining
Facebook: www.facebook.com/McEwenRob
Sieht doch gut aus!
Grüße
PHK
Ist zwar ein gesichtsverlust, aber er kann dann problemlos mexico und usa/ca projekte finanzieren..
Bin gespannt, vielleicht überrascht er wieder alle mit einem deal... :-)
"El Gallo Complex Development Photo Update"
http://media3.marketwire.com/docs/20120803.pdf
TORONTO, ONTARIO--(Marketwire - Aug. 8, 2012) - McEwen Mining Inc. (NYSE:MUX)(TSX:MUX) is pleased to announce exploration results from its 100% owned El Gallo Complex, in Sinaloa State, Mexico, where on-going drilling continues to expand the resource within the Phase 1 production area (Fig. 1).
The best hole in this news release returned 1.3 gpt gold over 41.2 m, including 4.3 gpt gold over 8.8 m. In addition, we found something new. The most intriguing assay values included 4.2% zinc, 0.9% lead, 0.5 gpt gold, 8.6 gpt silver over 41.0 m, including 7.7% zinc, 1.1 lead, 0.6 gpt, 11.0 gpt silver over 16.9 m and 70.4 gpt silver, 0.3 gpt gold over 11.2 m.
"Exploration results from inside of the Phase 1 production area have generated very interesting results. Our drilling continues to open up new areas for resource expansion," stated Rob McEwen, Chief Owner.
..."
http://www.marketwire.com/press-release/...r-412-nyse-mux-1688479.htm
"McEwen Mining Provides Second 2012 Operational and Development Update
TORONTO, ONTARIO--(Marketwire - Aug. 8, 2012) -
McEwen Mining Inc. (NYSE:MUX)(TSX:MUX) is pleased to provide a summary of the second quarter, including operational and development updates, for its projects in Argentina, Mexico and Nevada. During the six months ending June 30th, the Company's attributable production was 47,640 ounces of gold and gold equivalent and remains on schedule to produce a total of 105,000 ounces in 2012. Production was up 9% over the previous quarter and up 17% over second quarter 2011.
..."
http://www.marketwire.com/press-release/...pdate-nyse-mux-1688887.htm
McEwen Mining Announces Positive Feasibilty Study for El Gallo Phase II, Mexico
TORONTO, ONTARIO--(Marketwire - Sept. 10, 2012) - McEwen Mining Inc. (NYSE:MUX)(TSX:MUX) is pleased to announce results of the Feasibility Study for its 100% owned El Gallo Phase II in Sinaloa, Mexico. The Feasibility Study was prepared by M3 Engineering, Independent Mining Consultants and SRK Consulting in accordance with the requirements of Canadian National Instrument 43-101 "Standards of Disclosure for Mineral Projects".
Highlights of the Feasibility Study
Weiterlesen mit Einzelheiten.
Text ist zu lang.
Gruß
PHK
The El Gallo Phase I is proceeding with the remaining commissioning activities, with commercial production anticipated to be achieved late this year.
The El Gallo Phase II, where a feasibility study was completed on September 10th, is forecasted to produce an additional 5.2 million ounces of silver and 6,000 ounces of gold per year, for combined production of 135,000 ounces of gold and gold equivalent per year.
"We are excited to see our second mine start production. I believe McEwen Mining is at a critical point, where we begin to deliver on our promise of production growth. Our objective is to increase production from 105,000 ounces of gold and gold equivalent in 2012 to 290,000 ounces of gold and gold equivalent in 2015. I would like to thank all of our employees and contractors, who played an important role in the construction of the mine," said Rob McEwen, Chief Owner.
The firm responsible for the EPCM (Engineering, Procurement, Construction and Management) of El Gallo Phase I is Sonoran Resources of Hermosillo, Mexico.
Photos and videos showing El Gallo Phase I construction can be viewed here: http://mcewenmining.com/Media-Events/Galleries/...hotos/default.aspx.
http://media3.marketwire.com/docs/MUXFig1.pdf
http://media3.marketwire.com/docs/MUXFig2.pdf
Endingen (www.aktiencheck.de) - Die Experten von "Hot Stocks Investor" halten die McEwen Mining-Aktie (MCEWEN MINING INC New Aktie) für ein aussichtsreiches Investment.
Der Goldpreis stehe inzwischen kurz vor einem sehr wichtigen Kaufsignal. Sollte der Preis nun über die Marke von 1.790 USD je Unze ansteigen, würden Charttechniker mit einer Rally rechnen, die den Goldpreis in 2013 auf neue Hochs von über 2.000 USD je Unze ansteigen lassen sollte. Szeneexperten wie Rob McEwen erwarte auf lange Sicht sogar einen Goldpreis von bis zu 5.000 USD je Unze.
...
...."
http://www.ariva.de/news/...ktor-geeignet-Hot-Stocks-Investor-4286164
"McEwen Mining Inc.: More Drilling Success at El Gallo Phase 1 Production Area Plus Additional Zinc, Silver & Lead Intercept
2.9 gpt Gold Over 21.8 Meters, 1.3 gpt Gold Over 44.4 Meters & 10.9 gpt Gold Over 4.4 Meters
TORONTO, ONTARIO--(Marketwire - Oct. 11, 2012) - McEwen Mining Inc. (NYSE:MUX)(TSX:MUX) is pleased to announce additional exploration results from its 100% owned El Gallo Complex, in Sinaloa State, Mexico, where gold production has recently commenced (Fig. 1).
The best gold intersections in this news release include:
2.9 gpt gold over 21.8 m, including 6.7 gpt gold over 7.8 m
2.1 gpt gold over 46.1 m, including 9.9 gpt gold over 5.0 m
1.3 gpt gold over 44.4 m, including 21.3 gpt gold over 0.5 m
10.9 gpt gold over 4.4 m, including 52.9 gpt gold over 0.9 m
One new hole near poly-metallic mineralization recently encountered by McEwen Mining, returned: 6.0% Zinc, 1.0% Lead, 0.8 gpt gold and 8.0 gpt silver over 34.5 m
"Drilling at El Gallo continues to return positive results as we look to extend the life of Phase 1. Also, intriguing poly-metallic mineralization is being encountered in an area southeast of the open pit. With production scheduled to ramp up during the Fourth Quarter and three drills operating, we look forward to growing this asset," stated Rob McEwen, Chief Owner.
..."
http://www.marketwire.com/press-release/...ional-nyse-mux-1712205.htm
TORONTO, ONTARIO--(Marketwire - Oct. 18, 2012) - McEwen Mining Inc. (NYSE:MUX)(TSX:MUX) is pleased to announce Third Quarter production results and the discovery of a new vein system at the San José mine (49%) in Argentina. The San José mine had another solid quarter of production and El Gallo Phase I (100%) in Mexico achieved its first gold pour. Third Quarter production totaled 10,572 ounces gold and 760,670 ounces silver, representing 25,200 gold and gold equivalent ounces1. The Company remains on track to produce approximately 105,000 gold and gold equivalent ounces in 2012. Production costs will be announced with the Third Quarter financial results, which will be released in early November.
...."
http://www.marketwire.com/press-release/...-jose-nyse-mux-1714994.htm
News Releases Details
McEwen Mining Announces $60 Million Rights Offering Backstopped by Its Chief Owner, Rob McEwen
10/29/2012
Download this Press Release (PDF 1.29 MB)
TORONTO, ONTARIO--(Marketwire - Oct. 29, 2012) - McEwen Mining Inc. ("McEwen Mining") (NYSE:MUX)(TSX:MUX)announced today that McEwen Mining and its wholly-owned subsidiary, McEwen Mining - Minera Andes Acquisition Corp. ("Exchange Co.") (TSX:MAQ), will launch transferrable rights offerings (the "Rights Offerings").
We are conducting two concurrent rights offerings because we have two classes of shares: common shares of McEwen Mining ("Common Shares"); and shares of Exchange Co. that are exchangeable on a 1-for-1 basis into Common Shares ("Exchangeable Shares"). The Rights Offerings will provide that holders of Common Shares and Exchangeable Shares will participate on an equal and proportional basis with other holders of the same class of shares in purchasing additional shares of the same class of shares at a considerable discount to the current listed price.
"I believe a rights offering, versus all other forms of financing, is the most fair to our shareholders. We are giving the Companies' current shareholders who have been supportive and loyal to the Company the first right on this financing. I am personally backstopping this financing for $60 million because I believe McEwen Mining has a bright future," said Rob McEwen , Chairman and Chief Owner.
Record date/time is set at 5:00 p.m. (EST) on November 8, 2012 (the "Record Date").
How many shares will I be able to subscribe for? For each share you hold on the Record Date you will receive one (1) subscription right to acquire the same class of shares. For every ten (10) subscription rights of the same class of shares you hold, you will be able to subscribe for one (1) share of that same class of shares (subject to applicable law).
What will it cost to subscribe for a share? Upon the exercise of ten (10) subscription rights each Common Share will cost US$2.25 or CDN$2.24 (if you reside in Canada) and each Exchangeable Share will cost CDN$2.24. The price difference is reflective of the US$/CDN$ exchange rate.
Rights Expiry Date: The Rights Offerings will be open until 5:00 p.m. (EST) on December 4, 2012. Holders of subscription rights will need to exercise their subscription rights prior to that time and date ("Expiry Date")
How much will the Rights Offerings raise? Gross proceeds of approximately $60m.
What will the funds raised be used for? (1) to fund the advancement of the Company's El Gallo complex; (2) to complete metallurgical studies on the Company's Tonkin project and follow-up work as required; (3) to advance the permitting process and environmental impact study on the Company's Gold Bar project; (4) to further explore the Company's various projects and properties, and (5) for other corporate purposes.
How many shares will be issued? The Company expects to issue a total of 19,051,679 Common Shares and 7,798,762 Exchangeable Shares representing approximately 10% of our current outstanding Common Shares (assuming the conversion of the Exchangeable Shares issued in the Rights Offerings into Common Shares).
Will this dilute my percentage share holdings? Your shareholdings will not be diluted if you exercise your rights in full. If your rights go unexercised or you sell your rights (see below), your percentage share holdings will be diluted.
Can I sell my rights on the NYSE or TSX? Yes, shareholders who do not wish to exercise their subscription rights will have the option of selling their subscription rights to acquire the underlying Common Shares through the New York Stock Exchange or the Toronto Stock Exchange and their subscription rights to acquire the underlying Exchangeable Shares on the Toronto Stock Exchange (subject to the New York Stock Exchange and the Toronto Stock Exchange approving the trading of the subscription rights and the listing and trading of the shares issuable upon the exercise of such subscription rights).
Can I buy more shares? Perhaps. All shareholders of McEwen Mining and of Exchange Co. will be offered an oversubscription privilege that allows those shareholders that fully exercise their subscription rights the opportunity to acquire, on a pro rata basis, additional Common Shares or Exchangeable Shares, respectively, that remain unpurchased on the Expiry Date.
When will I receive additional information? A rights certificate and a prospectus or rights offering circular will be mailed to each shareholder of McEwen Mining and Exchange Co. shortly following the Record Date.
Backstop: Rob McEwen will be subscribing for all the subscription rights made available to him as a result of his 25% ownership in McEwen Mining (includes his Exchangeable Shares), but will not participate in the oversubscription privilege thereunder. In addition, he has agreed to backstop the Rights Offerings in their entirety. This means that if any subscription rights remain un-exercised in the Rights Offerings (including the oversubscription privilege) on the Expiry Date, the unsubscribed Common Shares and Exchangeable Shares will be subscribed for by Rob. This guarantees that the Rights Offerings will be fully subscribed for. The Company will raise approximately US$60 million in gross proceeds from the Rights Offerings.
ABOUT MCEWEN MINING ( www.mcewenmining.com )
The goal of McEwen Mining is to qualify for inclusion in the S&P 500 by 2015 by creating a high quality, high growth, low-cost, mid-tier gold producer focused in the Americas. McEwen Mining's principal assets consist of the San José mine in Santa Cruz, Argentina (49% interest); the El Gallo complex in Sinaloa, Mexico; the Gold Bar project in Nevada, US; the Los Azules Copper project in San Juan, Argentina and a large portfolio of exploration properties in Argentina, Nevada and Mexico.
McEwen Mining has 268,495,751 shares issued and outstanding (comprised of 190,516,797 Common Shares and 77,987,621 Exchangeable Shares). Rob McEwen , Chairman and Chief Owner, owns approximately 25% of the shares of McEwen Mining (assuming all outstanding Exchangeable Shares are exchanged for an equivalent amount of Common Shares). As of June 30, 2012, McEwen Mining had cash and liquid assets of $38 million.
CAUTION CONCERNING FORWARD-LOOKING STATEMENTS
This press 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 press 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, risks related to business integration as a result of the business combination between the Company and Minera Andes, factors associated with fluctuations in the market price of precious metals, mining industry risks, political, economic, social and security risks associated with foreign operations, risks associated with the construction of mining operations and commencement of production and the projected costs thereof, risks related to litigation including specifically but not limited to ongoing litigation with respect to the Los Azules property which if resolved adversely to the Company, would materially affect the Company's ability to develop the Los Azules project, property title, 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, 2011 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.
CAUTIONARY NOTE TO US INVESTORS
McEwen Mining prepares its resource estimates in accordance with standards of the Canadian Institute of Mining, Metallurgy and Petroleum referred to in Canadian National Instrument 43-101 (NI 43-101). These standards are different from the standards generally permitted in reports filed with the SEC. Under NI 43-101, McEwen Mining reports measured, indicated and inferred resources, measurements which are generally not permitted in filings made with the SEC. The estimation of measured resources and indicated resources involve greater uncertainty as to their existence and economic feasibility than the estimation of proven and probable reserves. U.S. investors are cautioned not to assume that any part of measured or indicated resources will ever be converted into economically mineable reserves. The estimation of inferred resources involves far greater uncertainty as to their existence and economic viability than the estimation of other categories of resources.
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:
McEwen Mining Inc.
Jenya Meshcheryakova
Investor Relations
(647) 258-0395 ext 410 or Toll Free: (866) 441-0690
(647) 258-0408
Facebook: www.facebook.com/McEwenRob
Twitter: www.twitter.com/McEwenMining
Mailing Address
McEwen Mining Inc.
181 Bay Street Suite 4750
Toronto, ON M5J 2T3
PO box 792
info@mcewenmining.com
Subscribe to Our Mailing List
(Link: http://www.mcewenmining.com/files/MCEWEN%20MINING%20RO%20CALL.pdf )
News Releases Details
Announcement: McEwen Mining Rights Offering FAQ Conference Call November 1st, 2 pm ET
10/31/2012
Download this Press Release (PDF 1.27 MB)
TORONTO, ONTARIO--(Marketwire - Oct. 31, 2012) - McEwen Mining Inc. ("McEwen Mining") (NYSE:MUX) (TSX:MUX) Chief Owner, Rob McEwen , along with senior management, will be hosting a conference call tomorrow, November 1, 2012 at 2:00 PM EST to discuss the Rights Offering and address questions that shareholders might have. The Rights Offering was announced by the Company on October 29, 2012 and can be accessed here:
http://mcewenmining.com/Media-Events/...b-McEwen1131625/default.aspx.
WEBCAST: http://www.gowebcasting.com/3996
TELEPHONE:
Participant dial-in number(s): 416-695-7806 / 1-888-789-9572
Participant pass code: 6982485#
REPLAY:
Dial-in number(s): 905-694-9451 / 1-800-408-3053
Pass code: 7204869#
ABOUT MCEWEN MINING ( www.mcewenmining.com )
The goal of McEwen Mining is to qualify for inclusion in the S&P 500 by 2015 by creating a high quality, high growth, low-cost, mid-tier gold producer focused in the Americas. McEwen Mining's principal assets consist of the San José mine in Santa Cruz, Argentina (49% interest); the El Gallo complex in Sinaloa, Mexico; the Gold Bar project in Nevada, US; the Los Azules Copper project in San Juan, Argentina and a large portfolio of exploration properties in Argentina, Nevada and Mexico.
McEwen Mining has 268,495,751 shares issued and outstanding (comprised of 190,516,797 Common Shares and 77,987,621 Exchangeable Shares). Rob McEwen , Chairman and Chief Owner, owns approximately 25% of the shares of McEwen Mining (assuming all outstanding Exchangeable Shares are exchanged for an equivalent amount of Common Shares). As of June 30, 2012, McEwen Mining had cash and liquid assets of $38 million.
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:
McEwen Mining Inc.
Jenya Meshcheryakova
Investor Relations
(647) 258-0395 ext 410 or Toll Free: (866) 441-0690
(647) 258-0408
Facebook: www.facebook.com/McEwenRob
Twitter: www.twitter.com/McEwenMining
Mailing Address
McEwen Mining Inc.
181 Bay Street Suite 4750
Toronto, ON M5J 2T3
PO box 792
info@mcewenmining.com
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"El Gallo Complex Exploration Update
Phase 1 Mine Area: 7.4 gpt Over 11.8 Meters & 3.0 gpt Over 12.8 Meters
Mina Grande: 10.6 gpt Over 7.5 Meters & 11.1 gpt Over 4.0 Meters
TORONTO, ONTARIO--(Marketwire - Nov. 6, 2012) - McEwen Mining Inc. (NYSE:MUX) (TSX:MUX) is pleased to announce exploration drill results from two locations within its 100% owned El Gallo complex, Sinaloa, Mexico. The first location is at El Gallo Phase 1, where production commenced in September. The second is Mina Grande, located in the north portion of the property (Fig. 1). Results from both areas continue to impress.
EXPLORATION HIGHLIGHTS
•Drilling has returned high-grade gold mineralization from El Gallo Phase 1, beyond the currently defined resource:
◦El Gallo Phase 1: 7.4 gpt gold / 11.8 m, including 64.7 gpt gold / 1.3 m
•Drilling between 45 and 100 m below the planned pit in El Gallo Phase 1 has intersected 3.0 gpt gold / 12.8 m and 2.5 gpt gold / 9.4 m, demonstrating that the zone continues deeper.
•Drilling 100 m southwest of the planned pit at El Gallo Phase 1 has intersected 1.1 gpt gold over 10.3 m. This hole helps extend the mineral zone closer to surface.
•Mina Grande delivers multiple intersections of high-grade gold mineralization. Exciting new regional exploration target developing.
◦Mina Grande: 10.6 gpt gold / 7.5 m, 18.6 gpt gold / 1.3 m, and 11.1 gpt gold / 4.0 m.
..."
http://www.marketwire.com/press-release/...pdate-nyse-mux-1722002.htm