Press release content from Globe Newswire. The AP news staff was not involved in its creation.
McEwen Mining: Fenix Project Feasibility Study Report Filed
McEwen MiningFebruary 16, 2021 GMT
TORONTO, Feb. 16, 2021 (GLOBE NEWSWIRE) McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) (“McEwen” or the “Company”) is pleased to announce the filing of a technical report prepared in accordance with National Instrument 43-101 –
Standards of Disclosure for Mineral Projects (“NI 43-101”), for its 100%-owned Fenix Project (the “Project”), which is located in the State of Sinaloa, Mexico. The technical report is available on SEDAR under the Company’s profile at www.sedar.com.
Article content
McEwen Mining says it has ambitious plans for the Fox Complex which could potentially see an additional decade of production at the site.
Located 36 kilometres east of Timmins, and 11 kilometres east of Matheson, the Black Fox Mine began production in 2011. McEwen Mining purchased the project from Primero Mining Corp in October of 2017. The complex has a combined resource base of approximately 3 million ounces (oz) of gold.
We apologize, but this video has failed to load.
Try refreshing your browser. McEwan Mining aiming to expand Back to video
In their latest progress report, McEwen is reporting “encouraging high grade intercepts” from a recent delineation drilling program that illustrate the mine’s potential.
Press release content from Globe Newswire. The AP news staff was not involved in its creation.
McEwen Mining: Have You Heard of the Largest Incentive Prize in History?
McEwen MiningFebruary 11, 2021 GMT
TORONTO, Feb. 11, 2021 (GLOBE NEWSWIRE) McEwen Mining Inc. (the “Company” or “McEwen”) (NYSE and TSX: MUX) wants you to know about of the world’s largest ever incentive prize of $100 million.
“
As a proud member of the XPRIZE Foundation’s Vision Circle, I am helping spread the extraordinary news of their newest and boldest challenge ever, XPRIZE Carbon Removal at
, which is aimed at tackling the biggest threats facing humanity climate change and the imbalance in Earth’s carbon cycle. Elon Musk and the Musk Foundation are funding this unprecedented $100 million prize purse. Elon is a great friend of XPRIZE and a former Trustee and Vision Circle member.
Press release content from Globe Newswire. The AP news staff was not involved in its creation.
McEwen Mining Announces Fox Complex Growth Funding Secured by Registered Direct Offering
McEwen MiningFebruary 5, 2021 GMT
TORONTO, Feb. 05, 2021 (GLOBE NEWSWIRE) McEwen Mining Inc. (the “Company” or “McEwen”) (NYSE and TSX: MUX), announces an oversubscribed registered direct offering with several existing and new institutional investors for the sale of an aggregate of 30,000,000 shares of common stock at a purchase price of $1.05 per share (the “Offering”).
“The timing of this offering was critical for two reasons: 1. It completes the funding required to bring the Froome deposit into production later this year. Froome is our production bridge to the future growth of the Fox Complex, where we see potential for higher gold production, lower cost per ounce and a longer mine life; and 2. It will strengthen our balance sheet and working capital position, which will help add
Author Bio
Reuben Gregg Brewer believes dividends are a window into a company s soul. He tries to invest in good souls.
What happened
By 11 a.m. EST today, shares of precious metals miner
Silvercorp Metals (NYSE:SVM) had fallen as much as 18%. And it was hardly alone.
Fortuna Silver Mines (NYSE:FSM) was off by 17% at its worst point in the first 90 minutes of trading.
McEwen Mining s (NYSE:MUX) nadir was roughly 16%.
But that s just three names in what was a broader industry sell-off. For example, at its lows
Pan American Silver (NASDAQ:PAAS) was off by 13%.
Fury Gold Mines (NYSE: FURY) and