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McEwen Mining Inc MUX

Alternate Symbol(s):  T.MUX

McEwen Mining Inc. is a gold and silver producer with operations in Nevada, Canada, Mexico and Argentina. In addition, it owns approximately 47.7% of McEwen Copper Inc., which owns the advanced stage Los Azules copper project in Argentina. Its segments include United States, Canada, Mexico, Minera Santa Cruz (MSC) and McEwen Copper. The United States segment comprises the Gold Bar mine and its exploration properties in the State of Nevada. The Canada segment comprises the Fox Complex gold properties, which includes its Froome underground mine; the Grey Fox and Stock West advanced-stage projects; the Stock mill; a number of exploration properties located near the city of Timmins, Ontario, Canada, and the Black Fox mine, which is on care and maintenance. The Mexico segment includes the El Gallo mine and the related advanced-stage Fenix Project, both located in Sinaloa state. The MSC Segment comprises a 49% interest in the San Jose mine, located in Santa Cruz, Argentina.


NYSE:MUX - Post by User

Comment by Goodtoreadthis1on Jul 09, 2020 8:38pm
226 Views
Post# 31248964

RE:Some folks ignoring May 19 advisories from MUX

RE:Some folks ignoring May 19 advisories from MUXMore data being ignored. 

Thank you, Rob. I'm very excited to be joining McEwen Mining and the opportunity to work alongside you again. McEwen Mining has a bright future. We have some near-term operational challenges to overcome and a stellar pipeline of resources and discoveries with which to grow. Before providing the operations and projects updates, I'd like to share some of my background and how my experience can be applied to the challenges and opportunities at McEwen Mining. I'm an engineer with a background in mining and mineral processing and earned a master's degree in open pit and underground rock mechanics.

Over the past 30 years, I've worked as an engineer, a supervisor, manager and executive in open pit and underground operations. My experience spans feasibilities, new mine builds, expansions and a turnaround. I also worked in the Red Lake Mines for 9 years in varying capacities. My experience as Mine General Manager at the Victor Diamond Mine has taught me the importance of blending challenging clay-rich ores and material handling systems designs to optimize processing efficiencies and throughput. At the Musselwhite mine, efficiencies in transverse open stoping and conveying will support the transition to production at our new Froome project. Speaking of Froome, the ramp development advanced in Q1 2020 and first ore is expected in Q4 2021. The Froome deposit has a resource grade of 5 grams per tonne and is expected to provide 2 to 3 years of mill feed (inaudible) low-cost transverse open stope mining method. Continuing with the update on the growth of the Black Fox complex, the high-grade mineralization at Grey Fox project, Black Fox Mine and the Stock Mine represent high-growth potential to utilize the excess capacity at the Stock mill. High-grade open pits are being evaluated at the Grey Fox project. Permitting is set to begin in Q2 2020, and expected to take approximately 2 years.

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