McEwen Mining Responds to Apitipi Anicinapek Nation

Core Viewpoint - McEwen Mining Inc. is addressing allegations from the Apitipi Anicinapek Nation regarding a breach of the Impact Benefit Agreement related to the Fox Complex, emphasizing its commitment to environmental protection and ongoing dialogue with the AAN [1][2][3]. Group 1: Allegations and Responses - The Apitipi Anicinapek Nation claims that McEwen Mining breached the Impact Benefit Agreement (IBA) originally signed in 2011, which has seen changes in ownership of the Fox property [1]. - McEwen Mining asserts that it is not responsible for the delivery of Brigus common shares that were not provided during Primero Mining's ownership, and it remains open to constructive dialogue with AAN to resolve misunderstandings [3]. Group 2: Environmental Commitment - McEwen Mining emphasizes its commitment to environmental protection at the Stock Mill, stating compliance with laws and regulations, and that its tailings facility operates under approval from the Ontario Ministry of Environment, Conservation and Parks [2]. - The company has proposed additional monitoring as part of a recent Closure Plan Amendment and continues to collaborate with provincial authorities to meet its obligations [2]. Group 3: Community Engagement - Since 2017, McEwen Mining has provided CDN$20 million in direct and indirect benefits to the AAN community, aiming to enhance communication and economic opportunities [4]. - An AAN representative was previously present at the Fox site to facilitate communication, but has not been present for over a year, which McEwen believes has contributed to misunderstandings regarding environmental matters [4]. Group 4: Company Overview - McEwen Mining is a gold and silver producer with operations in Nevada, Canada, Mexico, and Argentina, and holds a 46.4% stake in McEwen Copper, which owns the Los Azules copper project in Argentina [8]. - The company's objective is to enhance productivity and asset life to increase share price and provide investor yield, with Chairman Rob McEwen personally investing $205 million in the company [8].