TORONTO, Aug. 06, 2024 (GLOBE NEWSWIRE) -- McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) invites you to join our conference call following the release of our Q2 2024 financial results on Thursday, August 8th, 2024, at 11:00 AM EDT, where management will discuss our financial results and project developments and follow with a question-and-answer session. Participants can ask questions directly over the phone during the webcast. Thursday August 8th 2024 at 11:00 AM EDT Toll Free Dial-In North America: (888) 210-3 ...

Core Points - McEwen Mining Inc. held its Annual Meeting of Shareholders on June 27, 2024, where key approvals included the 2024 Equity and Incentive Plan and the appointment of Ernst & Young LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2024 [1][5]. Voting Overview - A total of 26,845,690 shares were voted, representing approximately 54.33% of the 49,408,775 outstanding shares entitled to vote [5]. - The following directors were elected: Robert McEwen, Allen Ambrose, Ian Ball, Richard Brissenden, Nicolas Darveau-Garneau, Robin Dunbar, Michelle Makori, Merri Sanchez, and William Shaver [5]. - The 2024 Equity and Incentive Plan received 26,708,421 votes in favor, with 68,949 against and 68,320 abstentions [6]. Detailed Voting Results - Election results for the directors nominated at the meeting included: - Robert R. McEwen: 18,377,798 votes for, 454,772 withheld [6] - Allen V. Ambrose: 16,985,036 votes for, 1,847,534 withheld [6] - Ian Ball: 18,511,070 votes for, 321,500 withheld [6] - Richard W. Brissenden: 17,683,264 votes for, 1,149,306 withheld [6] - Nicolas Darveau-Garneau: 18,471,765 votes for, 360,805 withheld [6] - Robin E. Dunbar: 18,483,487 votes for, 349,083 withheld [6] - Michelle Makori: 18,510,060 votes for, 322,510 withheld [6] - Merri Sanchez: 18,447,994 votes for, 384,576 withheld [6] - William M. Shaver: 18,490,648 votes for, 341,922 withheld [6]. Company Overview - McEwen Mining is a gold and silver producer with operations in Nevada, Canada, Mexico, and Argentina [9]. - The company holds a 47.7% interest in McEwen Copper, which owns the advanced-stage Los Azules copper project in Argentina [9]. - The company's goal is to improve the productivity and life of its assets to increase share price and provide investor yield [9]. - Rob McEwen, the Chairman and Chief Owner, has personally provided the company with $220 million and takes an annual salary of $1 [9].

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TORONTO, June 24, 2024 (GLOBE NEWSWIRE) -- McEwen Mining Inc. (TSX:MUX) announces a nonbrokered private placement financing of up to 2,333,333 common shares of its wholly-owned subsidiary McEwen Copper Inc. at a subscription price of US$30.00 per common share, for gross proceeds of up to US$70 million (the "Offering"). McEwen Copper currently has 30,937,615 common shares outstanding (basic and diluted). This Offering will be used to advance work on a bankable feasibility study for the Los Azules copper proj ...

Lead orders to purchase 27% of the total Offering have been committed by McEwen Mining and Rob McEwen. McEwen Mining will purchase up to 466,667 common shares of McEwen Copper for US$14 million and Rob McEwen will purchase up to 166,666 common shares for US$5 million. Final investment amounts are subject to adjustment according to anti-dilution and pre-emptive rights on the part of other existing shareholders of McEwen Copper. Subscription for the remaining 1,700,000 common shares is available to qualified ...

Core Insights - McEwen Mining Inc. is advancing the Fox Complex, with production planned to start in the second half of 2025, focusing on the Stock Property which connects three gold zones: West, Main, and East [11][12] - Recent exploration has led to a 29% increase in estimated gold resources in the East Zone, contributing to a total of 1,905,000 ounces of Measured and Indicated resources at an average grade of 4.20 g/t Au [11][16] - The Stock Property is expected to provide increased gold production at a lower cost per ounce compared to the Froome Mine due to lower transportation costs, higher mill throughput, and fewer royalties [13] Group 1: Production and Development - Pre-construction activities have begun at the Stock portal, with underground development expected to start in Q3 [1][2] - Mining will commence in the East Zone, which has recently increased resources, allowing for early production and cash flow [2][9] - The Stock Ramp will facilitate access to multiple mineralization sources from the East, Main, and West Zones [2][11] Group 2: Resource Estimates - The updated resource estimate for the East Zone as of May 20, 2024, includes 75,000 gold ounces Indicated and 50,000 gold ounces Inferred [8][25] - The overall Stock resource now contains 281,000 gold ounces of Indicated mineralization at a grade of 3.12 g/t Au and 181,000 gold ounces of Inferred mineralization at a grade of 2.87 g/t Au, marking a nearly 7% increase from the previous estimate [25][26] - The Fox Complex's total resources include 1,905,000 ounces of Measured and Indicated gold and 549,000 ounces of Inferred gold [11][16] Group 3: Drilling Campaigns - The 2024 infill drilling campaign at the East Zone yielded positive results, demonstrating strong continuity between drillhole intercepts [6][7] - Significant drill intercepts include 6.1 g/t Au over 7.8 m and 5.9 g/t Au over 13.5 m, which are well above the East Zone's current average Indicated resource grade [26][27] - The drilling results have been incorporated into the updated resource estimates, enhancing the overall understanding of the mineralization at Stock [8][27]

Part 1 (CEE) of the financing consists of a US$10.0 million (Cdn$13,650,890) offering of 643,000 flowthrough common shares at a price of US$15.56 (Cdn$21.23); and The Offering consisted of 1,533,000 flow-through common shares at a blended average price of $14.36 (Cdn$19.59), a 19% premium to the closing price on May 27th, for aggregate gross proceeds of US$22.0 million (Cdn$30.0 million). Total proceeds from the Offering net of placement agents' fees was approximately US$20.8 million (Cdn$28.5 million). Thi ...

TORONTO, June 14, 2024 (GLOBE NEWSWIRE) -- McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) ("McEwen") is pleased to report it has closed the previously announced public financing for US$22.0 million (Cdn$30.0 million) to fund ongoing exploration and development at the Fox Complex in the Timmins region of Ontario, primarily focused on exploration drilling and the development of an underground access ramp from surface to mine the gold resources of Stock East and West. This represents the next area of production gro ...

LOS ANGELES, June 13, 2024 (GLOBE NEWSWIRE) -- via IBN – IBN, a multifaceted communications organization engaged in connecting public companies to the investment community, is pleased to announce the release of the latest episode of The MiningNewsWire Podcast as part of its sustained effort to provide specialized content distribution via widespread syndication channels. The MiningNewsWire Podcast features revealing sit-downs with executives who are shaping the future of the global mining industry. The lates ...

Core Insights - TNR Gold Corp holds a 0.4% net smelter returns royalty on the Los Azules project in Argentina, which has shown promising assay results from a recent 70,000-meter drilling season [1][2] - Significant intervals of copper have been reported, including 349 meters of 0.77% copper and 382.5 meters of 0.54% copper, indicating potential for resource expansion [1][3] - The project is among the 10 largest copper projects globally, with over 11 billion pounds of indicated copper and over 28 billion pounds of inferred copper reported in a preliminary economic assessment [4] Company Developments - The company is working on a feasibility study expected to be released in the first quarter of next year, which could further enhance the project's value [4] - A new porphyry system has been identified nearby, suggesting the potential for another copper deposit within the Los Azules concession [5] - The estimated value of the royalty on Los Azules is over US$100 million, with TNR Gold's portion valued at over $30 million [6] Economic Potential - The project is projected to generate potential pre-tax revenue of $6 million per year from the royalty holding, with a mine life of 27 years producing over 180,000 tons of copper annually [6] - The ongoing developments and discoveries are expected to add significant value to TNR Gold Corp as a green energy metals royalty and gold company [5][6]