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McEwen Mining: Fenix Project Feasibility Study Report Filed


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. ....

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McEwen Mining: Progress Update


Press release content from Globe Newswire. The AP news staff was not involved in its creation.
McEwen Mining: Progress Update
McEwen MiningJanuary 29, 2021 GMT
TORONTO, Jan. 29, 2021 (GLOBE NEWSWIRE) McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) is pleased to provide an update on its progress so far this year along with a timeline for deliverables in 2021 and recent financing activities.
Timmins, Canada
The Fox Complex has a combined resource base of 3 million oz(1) of gold and we have ambitious plans for these assets. Independent technical consultants have been employed to develop a Preliminary Economic Assessment (PEA) to expand the production from the current short mine life producing 30-40,000 oz gold per year to a ten-year mine life with annual production of 100-150,000 oz gold per year. Early results are encouraging. ....

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McEwen Mining: Fenix Project Feasibility Study - Press Release


TORONTO, Dec. 31, 2020 (GLOBE NEWSWIRE)
McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) is pleased to announce the highlights of a positive Feasibility Study (FS) for its 100%-owned Fenix Project, which is located in the State of Sinaloa, Mexico.
“The Fenix Feasibilty Study envisions a 9.5-year mine life with an attractive after-tax IRR of 28% using $1,500/oz gold and $17/oz silver. At current gold and silver prices, the project’s after-tax IRR almost doubles and the NPV more than triples versus the base case.
The project will incorporate an environmentally progressive method of tailings management, using inpit storage that creates multiple benefits, most importantly a secure containment of tailings enabling better reclamation results. ....

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