Latest news with #RobMcEwen
Yahoo
2 days ago
- Business
- Yahoo
McEwen signs LoI to acquire Canadian Gold
McEwen has signed a binding letter of intent (LoI) with Canadian Gold to acquire all its issued and outstanding securities, which would make the latter a wholly owned subsidiary of McEwen upon completion. The proposed transaction would see Canadian Gold shareholders receive 0.0225 of a McEwen share for each Canadian Gold share, valuing the latter at C$0.35 ($0.25) each, a 26% premium over the 30-day volume-weighted average price as of 25 July 2025. Canadian Gold shareholders will own around 8.2% of the combined entity. Canadian Gold's key asset, the Tartan Mine in Manitoba, Canada, is a high-grade former producing mine with significant exploration potential and existing infrastructure. Canadian Gold also possesses 100% interests in the Hammond Reef and Malartic South exploration properties in Ontario and Quebec. These are adjacent to some of Canada's largest gold mines. McEwen chairman and chief owner Rob McEwen said: "I am enthusiastic about the Tartan Mine for several reasons. First, it is a high-grade gold deposit with strong exploration potential in Canada. Second, the existing infrastructure, including the mine ramp, roads and power, provides an opportunity to restart operations within a relatively short time frame. Third, Manitoba stands out as one of the world's premier mining jurisdictions, offering a skilled workforce, low-cost renewable energy and attractive mining tax credits. 'Additionally, the Tartan Mine shares many similarities with our Fox Complex, enabling us to leverage our internal expertise and resources to maximise its potential." The Tartan Mine is expected to recommence production within two to three years, with substantial exploration potential bolstered by Canadian Gold's recent optioning of the adjacent Tartan West property. The proposed transaction is subject to a court-approved plan of arrangement, shareholder approvals and regulatory consents, including approval from both the Toronto and New York stock exchange. Shareholder votes are expected by the end of 2025, with a special meeting for Canadian Gold shareholders. The arrangement agreement will include customary provisions, deal protection and the ability for Canadian Gold to consider superior proposals. "McEwen signs LoI to acquire Canadian Gold" was originally created and published by Mining Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Winnipeg Free Press
2 days ago
- Business
- Winnipeg Free Press
McEwen Inc. seeks to acquire Canadian Gold
A Toronto-based company led by a Canadian Mining Hall of Fame veteran is seeking to buy a firm currently exploring a former Manitoba gold mine. McEwen Inc. signed a letter of intent to acquire Canadian Gold Corp. The latter, located in Flin Flon, holds 100 per cent interest in the Tartan Mine — a site near Flin Flon that produced 47,000 ounces of gold in 1987-89. Canadian Gold Corp. recently expanded its strike length of Tartan from eight kilometres to 29.5 km. It's been exploring the mine since 2023. The two companies signed the letter of intent July 27. The deal must receive approval from a majority of Canadian Gold shareholders; a special meeting is expected before 2026. McEwen Inc. has three gold mines in the U.S., Canada and Argentina. It's aiming to make an Argentina copper project one of the world's first regenerative copper mines. Rob McEwen, a mining hall of famer, leads the company. If approved, Canadian Gold shareholders will receive 0.0225 of a McEwen common share for each they hold. — Free Press staff
Hamilton Spectator
3 days ago
- Business
- Hamilton Spectator
McEwen Inc. and Canadian Gold Corp. Announce Letter of Intent
TORONTO and FLIN FLON, Manitoba, July 28, 2025 (GLOBE NEWSWIRE) — McEwen Inc. ('McEwen') (NYSE: MUX) (TSX:MUX) and Canadian Gold Corp. ('Canadian Gold') (TSX-V:CGC) are pleased to announce that they have entered into a binding letter of intent (the 'LOI') on July 27, 2025 in respect of a proposed transaction (the 'Proposed Transaction'), whereby McEwen would acquire all of the issued and outstanding securities of Canadian Gold by way of plan of arrangement. If the Proposed Transaction is completed, Canadian Gold would become a wholly-owned subsidiary of McEwen. Canadian Gold's principal asset is its 100% interest in the Tartan Mine, which is located in Manitoba, Canada (the 'Tartan Mine'). The Tartan Mine is a high-grade former producing mine with existing infrastructure and high exploration potential. Canadian Gold also holds a 100% interest in greenfield exploration properties in the Hammond Reef and Malartic South projects, which are adjacent to some of Canada's largest gold mines and development projects in Ontario and Quebec. The Proposed Transaction Pursuant to the terms of the Proposed Transaction, each Canadian Gold common share (a 'Canadian Gold Share') would entitle its holder to receive 0.0225 of a McEwen common share (a 'McEwen Share') (the 'Exchange Ratio'). The Exchange Ratio represents an offer price of CDN $0.35 per Canadian Gold Share, being a premium of 26% to the 30-day volume weighted average price ('VWAP') of the Canadian Gold Shares as at market close on July 25, 2025. Following completion of the transaction, existing Canadian Gold shareholders will own approximately 8.2% of the combined company resulting from the Proposed Transaction. The LOI provides for the parties to enter into a definitive arrangement agreement (the 'Arrangement Agreement') setting out the final terms and conditions of the Proposed Transaction. Upon the execution of the Arrangement Agreement, McEwen and Canadian Gold will issue a subsequent news release containing any additional terms of the Proposed Transaction. Benefits of the Transaction for Canadian Gold Shareholders: Benefits of the Transaction for McEwen Shareholders: 'I am enthusiastic about the Tartan Mine for several reasons. First, it is a high-grade gold deposit with strong exploration potential in Canada. Second, the existing infrastructure, including the mine ramp, roads, and power, provides an opportunity to restart operations within a relatively short timeframe. Third, Manitoba stands out as one of the world's premier mining jurisdictions, offering a skilled workforce, low-cost renewable energy, and attractive mining tax credits. Additionally, the Tartan Mine shares many similarities with our Fox Complex, enabling us to leverage our internal expertise and resources to maximize its potential,' said Rob McEwen, Chairman and Chief Owner of McEwen Inc. 'I'd like to thank Mr. McEwen, McEwen Inc. and all our shareholders for the support of Canadian Gold Corp. over the past several years. We believe that this acquisition by McEwen is a fantastic result for our shareholders as we will benefit from a broader portfolio of high-quality assets,' said Peter Shippen, Chairman of Canadian Gold Corp. Details of the Proposed Transaction A copy of the LOI will be filed on McEwen's and Canadian Gold's SEDAR+ profiles at . The Proposed Transaction was approved by the Board of Directors of both McEwen and Canadian Gold, based on the recommendation of their respective special committees comprised of independent and disinterested directors. These special committees reached their decisions after consulting with their independent legal and financial advisors. Messrs. Rob McEwen and Ian Ball, recognizing their respective conflicts of interest as directors of McEwen and as shareholders/interested parties in Canadian Gold, abstained from voting on the approval of the Proposed Transaction by McEwen's Board of Directors. Similarly, Messrs. Alexander McEwen and Jim Downey acknowledged their conflicts of interest, as they were appointed to the Canadian Gold Board of Directors by Rob McEwen. To ensure a thorough and impartial review of the Proposed Transaction, the special committees of both companies have engaged independent financial advisors. These advisors will prepare a formal valuation of the respective shares, as required by securities law, and provide an opinion that, subject to the assumptions, limitations, and qualifications outlined in the written opinion, the consideration to be exchanged is fair from a financial perspective. Further details with respect to the Proposed Transaction will be included in the Arrangement Agreement and in an information circular to be mailed to Canadian Gold shareholders in connection with the Canadian Gold Meeting. Once available, a copy of the Arrangement Agreement will be filed on each of McEwen's and Canadian Gold's SEDAR+ profiles at and a copy of the information circular will be filed on Canadian Gold's SEDAR+ profile at . Overview of Canadian Gold's Tartan Mine The Tartan Mine is a former producing mine with significant infrastructure close to the town of Flin Flon, Manitoba. It has access to a skilled workforce, inexpensive renewable power and a supportive mining and taxation environment. Tartan Mine produced 47,000 ounces of gold between 1987 and 1989. Recently, Canadian Gold announced two transactions that expanded the strike length of Tartan from 8 kilometers to 29.5 kilometers along a key regional shear zone. The expanded property has the benefit of leveraging the infrastructure at Tartan Mine that includes a ramp to 320 meters below surface, the footprint of the former 450 tpd mill, road access and power to the mine site. About McEwen McEwen provides its shareholders with exposure to gold, copper and silver in the Americas by way of its three mines located in the USA, Canada and Argentina and its large advanced-stage copper development project in Argentina. It also has a gold and silver mine on care and maintenance in Mexico. Its Los Azules copper project aims to become one of the world's first regenerative copper mines and is committed to carbon neutrality by 2038. Rob McEwen, Chairman and Chief Owner, has personally invested US$205 million in the companies and takes a salary of $1/ year. He is a recipient of the Order of Canada and a member of the Canadian Mining Hall of Fame. His objective for MUX is to build its share value and establish a dividend, as he did while building Goldcorp Inc. McEwen's shares are publicly traded on the New York Stock Exchange (NYSE) and the Toronto Stock Exchange (TSX) under the symbol 'MUX'. McEwen Contact Info and Social Media About Canadian Gold Canadian Gold Corp. is a Canadian-based mineral exploration and development company whose objective is to expand the high-grade gold resource at the past producing Tartan Mine, located in Flin Flon, Manitoba. The historic Tartan Mine currently has a 2017 Indicated mineral resource estimate of 240,000 oz gold (1,180,000 tonnes at 6.32 g/t gold) and an Inferred estimate of 37,000 oz gold (240,000 tonnes at 4.89 g/t gold). (Tartan Lake Project Technical Report, Manitoba, Canada, April 2017 authored by Mining Plus Canada Consulting Ltd.). The Company also holds a 100% interest in greenfield exploration properties in Ontario and Quebec adjacent to some of Canada's largest gold mines and development projects, specifically, the Canadian Malartic Mine (QC), the Hemlo Mine (ON) and Hammond Reef Project (ON). McEwen Inc. (NYSE & TSX: MUX) holds a 5.6% interest in Canadian Gold, and Rob McEwen, the founder and former CEO of Goldcorp, and Chairman and CEO of McEwen Inc., holds a 32.5% interest in Canadian Gold. For Further Information, Please Contact: Michael Swistun, CFA President & CEO Canadian Gold Corp. (204) 232-1373 info@ Social Media Accounts: X (Twitter) : Instagram : Facebook : LinkedIn : Neither the NYSE, TSX or TSX-V have reviewed and do not accept responsibility for the adequacy or accuracy of the contents of this news release, which has been prepared by the management of McEwen and Canadian Gold. Forward-Looking Statements This news release contains 'forward-looking information' within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as 'expects', or 'does not expect', 'is expected', 'anticipates' or 'does not anticipate', 'plans', 'budget', 'scheduled', 'forecasts', 'estimates', 'believes' or 'intends' or variations of such words and phrases or stating that certain actions, events or results 'may' or 'could', 'would', 'might' or 'will' be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements. In this news release, forward-looking statements relate to, among other things, statements regarding: the Proposed Transaction; the Arrangement Agreement; the receipt of necessary shareholder, court and regulatory approvals for the Proposed Transaction; the anticipated timeline for completing the Proposed Transaction; the terms and conditions pursuant to which the Proposed Transaction will be completed, if at all; the anticipated benefits of the Proposed Transaction including, but not limited to McEwen having an 100% interest in the Tartan Mine; the combined company; the future financial and operational performance of the combined company; the combined company's exploration and development programs; and potential future revenue and cost synergies resulting from the Proposed Transaction. These forward-looking statements are not guarantees of future results and involve risks and uncertainties that may cause actual results to differ materially from the potential results discussed in the forward-looking statements. In respect of the forward-looking statements concerning the Proposed Transaction, including the entering into of the Arrangement Agreement, and the anticipated timing for completion of the Proposed Transaction including, but not limited to the expectation of McEwen having a 100% interest in the Tartan Mine, McEwen and Canadian Gold have relied on certain assumptions that they believe are reasonable at this time, including assumptions as to the ability of the parties to receive, in a timely manner and on satisfactory terms, the necessary regulatory, court, shareholder, stock exchange and other third party approvals and the ability of the parties to satisfy, in a timely manner, the other conditions to the completion of the Proposed Transaction. This timeline may change for a number of reasons, including unforeseen delays in preparing meeting materials; inability to secure necessary regulatory, court, shareholder, stock exchange or other third-party approvals in the time assumed or the need for additional time to satisfy the other conditions to the completion of the Proposed Transaction. Accordingly, readers should not place undue reliance on the forward-looking statements and information contained in this news release concerning these times. Risks and uncertainties that may cause such differences include but are not limited to: the risk that the Proposed Transaction may not be completed on a timely basis, if at all; the conditions to the consummation of the Proposed Transaction may not be satisfied; the risk that the Proposed Transaction may involve unexpected costs, liabilities or delays; the possibility that legal proceedings may be instituted against the McEwen, Canadian Gold and/or others relating to the Proposed Transaction and the outcome of such proceedings; the possible occurrence of an event, change or other circumstance that could result in termination of the Proposed Transaction; risks relating to the failure to obtain necessary shareholder and court approval; other risks inherent in the mining industry. Failure to obtain the requisite approvals, or the failure of the parties to otherwise satisfy the conditions to or complete the Proposed Transaction, may result in the Proposed Transaction not being completed on the proposed terms, or at all. In addition, if the Proposed Transaction is not completed, the announcement of the Proposed Transaction and the dedication of substantial resources of McEwen and Canadian Gold to the completion of the Proposed Transaction could have a material adverse impact on each of McEwen's and Canadian Gold's share price, its current business relationships and on the current and future operations, financial condition, and prospects of each McEwen and Canadian Gold. McEwen and Canadian Gold expressly disclaim any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise except as otherwise required by applicable securities legislation. Qualified Person The scientific and technical information disclosed in this news release was reviewed and approved by Wesley Whymark, P. Geo., Consulting Geologist for McEwen and Canadian Gold, and a Qualified Person as defined under National Instrument 43-101. Historical Exploration References Tartan West (1) Spooner, A.J., 1987. Tout Lake Joint Venture Diamond Drilling. Manitoba Mineral Assessment Report 71523. NTS REF. No. 63K-13SW (2) Spooner, A.J., 1988. Tout Lake Joint Venture Diamond Drilling. Manitoba Mineral Assessment Report 81737. NTS REF. No. 63K-13SW (3) Spooner, A.J., 1989. Tout Lake Joint Venture Diamond Drilling. Manitoba Mineral Assessment Report 72046. NTS REF. No. 63K-13SW (4) Historical scanned paper maps on Company database Figure 1. Tartan Mine location in relation to Flin Flon Figure 2. Tartan Mine - Main Zone Longitudinal Section (from Canadian Gold's Feb 18, 2025 press release) Figure 3. Tartan Mine - South Zone Longitudinal Section (from Canadian Gold's June 10, 2025 press release) Figure 4. Location of highlight historic gold occurrences on the Tartan West Property Figures accompanying this announcement are available at:
Cision Canada
11-07-2025
- Business
- Cision Canada
CANTEX TO COMPLETE FINANCING INVOLVING CRESCAT CAPITAL TO DRILL HIGH GRADE COPPER, MASSIVE SULPHIDE AND GOLD ON ITS NORTH RACKLA CLAIMS, YUKON
KELOWNA, BC, July 11, 2025 /CNW/ - Cantex Mine Development Corp. (TSXV: CD) (OTCQB: CTXDF) (the "Company") is pleased to announce that it will undertake a non-brokered private placement to raise gross proceeds of up to C$3,000,000 (the "Offering") for drilling commencing this summer on its 100% owned North Rackla project. Cantex is pleased to announce that both Crescat Capital and Rob McEwen (founder of Goldcorp and McEwen Mining) are increasing their investment in Cantex through this placement. "Last year's drilling, though limited in scope, yielded some remarkable high-grade results. It also demonstrated the deposit displays continued potential for growth along strike. Though most people think of deposits like MacMillan Pass when they think of the Yukon, Cantex's North Rackla deposit is something unique. It is a deposit that more closely resembles the famous Broken Hill Deposit of Australia, a deposit characterized by high grades as well as a substantial endowment of the exotic metal germanium, a metal highly elevated at North Rackla. We are keen to see Cantex follow up with drilling the newly discovered strike extension found late last season." - Quinton Hennigh, Geologic and Technical Advisor, Crescat Capital. "We are happy to support Cantex with more capital for drilling this season. The zinc grades encountered at its vast North Rackla property last season were outstanding, same with the germanium, a sought-after critical metal. We think the Company is onto a potentially expansive high-grade ore body with much value still to be unlocked. We are furthermore pleased to be investing alongside its Chairman and largest shareholder, Chuck Fipke, a legend in the mining industry." - Kevin Smith, CFA, Founder and CEO, Crescat Capital. The Offering The Offering will be comprised of a combination of charity flow through units ("CFT units") and hard units ("Units") for total gross proceeds of up to C$3,000,000. The CFT units will be priced at $0.21 per unit, with each CFT unit comprised of one flow through share and one non-flow through warrant. Units will be priced at $0.14 per unit, with each Unit comprised of one common share and one non-flow through warrant. Each whole warrant issued in connection with either a CFT unit or a Unit entitles the holder to acquire a non-flow through share at a price of $0.21 for a term of three years. 0974052 B.C. Ltd. ("BC Ltd"), a company over which Dr. Charles Fipke, the Chairman and a control person of the Company exercises control and direction over, will be subscribing for 3,571,429 Units for a total subscription price of C$500,000. BC Ltd will acquire the Units for investment purposes. The Offering and the acceptance of the subscription by BC Ltd was approved by unanimous resolution of the board of directors of the Company with Dr. Fipke declaring his interest in the resolution and abstaining from voting. There was no formal valuation of the Company done in connection with the Offering, nor has there been such a formal valuation in the past 24 months. The Company will rely upon the exemptions contained in Section 5.5(b) and 5.7(b), of Multilateral Instrument 61-101 ("MI 61-101") to avoid the formal valuation and shareholder approval requirements of MI 61-101. For the purposes of Section 5.5(b), the Company does not have any securities listed on any of the stock exchanges set out in Section 5.5(b) and for the purposes of Section 5.7(b) the exemption will be available as the consideration paid for the Units subscribed for by Dr. Fipke will be less than $2,500,000. The Company may pay finder's fees in connection with the Offering in accordance with the policies of the TSX Venture Exchange. Proceeds from the Offering will be used to fund qualified critical mineral exploration expenditures on the Company's North Rackla project in the Yukon. The Offering remains subject to the acceptance of the TSX Venture Exchange. About Cantex Cantex is focused on its 100% owned 20,000 hectare North Rackla Project located 150 kilometers northeast of the town of Mayo in the Yukon Territory, Canada where high-grade massive sulphide mineralization has been discovered. Over 86,000 meters of drilling has defined high grade silver-lead-zinc-germanium mineralization over 2.65 kilometers of strike length and at least 700 meters depth. The mineralization remains open along strike and to depth. The Company is led by Dr. Charles Fipke, C.M., the founder of Ekati, Canada's first diamond mine. The technical information and results reported here have been approved by Mr. Chad Ulansky a Qualified Person under National Instrument 43-101, who is responsible for the technical content of this release. Mr Ulansky is the Company's President and CEO. Signed, Chad Ulansky Chad Ulansky President and CEO Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. SOURCE Cantex Mine Development Corp.
Business Upturn
06-06-2025
- Business
- Business Upturn
Starting a New Chapter of Growth
TORONTO, June 05, 2025 (GLOBE NEWSWIRE) — McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) is pleased to announce a significant development at our Fox Complex's Stock Mine that will usher in a new chapter of growth. Construction of the ramp system is now underway to provide access to future lower-cost-per-ounce gold production. Rob McEwen, CEO and Chief Owner of McEwen Mining states: 'As a long-term gold bull, I am always excited to break ground on a new gold mine, especially today, with gold trading at record highs and strong fundamentals for further upside. As we transition production from the Froome Mine to the Stock Mine, the timing is ideal for bringing Stock Mine into production. Moreover, it is important to understand that the Stock Mine will help us increase our near-term gold production and decrease our cost per ounce for three reasons: One, it will eliminate the onerous metal stream from prior owners on the Froome mine, which obligated us to sell 8% of our production at $605 per ounce; Two, the Stock material is softer than that currently processed from Froome, which will enable greater mill throughput and gold output; and Three, with the mill on site, we eliminate the cost of hauling material 35 kilometers from Froome, as you can see further below in Image 1.' Part of our Fox Complex, the Stock Mine will be the newest gold mine to come online in the prolific Timmins gold mining district, at a time when gold is trading at record highs against fiat currencies. The mine is located along the Destor-Porcupine fault, known as the 'Golden Highway', which hosts many of the richest gold mines in Ontario and Quebec, Canada. This prime location benefits from a robust mining workforce and a regional economy for which mining is an important driver. McEwen Mining thanks our team and the local communities, First Nations and the provincial government, all of whom helped to make this milestone a reality. Stock Mine Overview Construction has begun on the Stock Mine portal, pictured below, that will provide both underground access to Stock's three gold zones, West, Main and East, and a cost-effective platform for underground drilling to test the depth extensions of these zones. The Stock Property hosts the Stock Mill and the former Stock Mine. It was a small mine that produced 137,000 ounces of gold at a 5.5 g/t average grade from an underground operation between 1989 and 2005. Extensive drilling has successfully defined three gold deposits at Stock – the West, Main and East zones that are laying the groundwork to confidently begin mining in the second half of 2025. Gold mineralization at the Stock Mine has been delineated on a three-kilometer-long mineralized trend along the prolific Destor-Porcupine Fault, with current gold resources of 281,000 ounces at average grade 3.12 g/t Indicated and 181,000 ounces at average grade 2.87 g/t Inferred. Figure 1 is a project-wide longitudinal section at Stock, illustrating the proposed ramp development (shown as green straight lines) and mining horizons (shapes in purple) associated with the West, Main and East Zones. Figure 1. Longitudinal Section at Stock Mine, Showing the West, Main and East Zones with Highlights of Published Drill Results, Together with the Planned Development Works and Mining Blocks Stock Ramp to Access Gold Production in 2025 The Stock Ramp will connect the West Zone and the East Zone to the existing historical underground workings of the Main Zone. Stock is expected to provide increased gold production at a lower cost per ounce than our current output from the Froome Mine. The advantages of mining at Stock compared to Froome are significant and can be summarized in three key points: Minimal royalty: The bulk of the Stock deposit is royalty-free, whereas Froome is fully subject to an onerous metal stream that obligates us to sell 8% of our production in this area at $605 per ounce – great to see this come to an end; Higher mill throughput: The material at Stock has a lower (softer) work index compared to the material currently processed from the Froome Mine. This is expected to result in increased throughput and gold production; and Lower haulage costs: The Froome Mine is deeper and located 35 kilometers from the Stock Mill, while the gold mineralization at Stock is at shallower depths and located right next to the mill, significantly reducing transportation costs. Mining will start in the East Zone, which had a recent increase in the resource (see press release dated June 20, 2024), and will provide early production and cash flow. Our development plan for the Stock Ramp is to drive the ramp to the East Zone concurrently with the ramps to the Main and West zones. This approach will enable simultaneous access to multiple sources of mineralization from the Stock Ramp. Image 1. The New Stock Mine Portal, with the Nearby Mill in the Background Image 2. Looking Out of the Stock Portal Toward the Jumbo Drill Technical Information The technical content of this news release related to mining and development has been reviewed and approved by William (Bill) Shaver, COO of McEwen Mining and a Qualified Person as defined by SEC S-K 1300 and the Canadian Securities Administrators National Instrument 43-101 'Standards of Disclosure for Mineral Projects.' CONCERNING FORWARD-LOOKING STATEMENTS This news release contains certain forward-looking statements and information, including 'forward-looking statements' within the meaning of the Private Securities Litigation Reform Act of 1995. The forward-looking statements and information expressed, as at the date of this news release, McEwen Mining Inc.'s (the 'Company') estimates, forecasts, projections, expectations or beliefs as to future events and results. Forward-looking statements and information are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management, are inherently subject to significant business, economic and competitive uncertainties, risks and contingencies, and there can be no assurance that such statements and information will prove to be accurate. Therefore, actual results and future events could differ materially from those anticipated in such statements and information. Risks and uncertainties that could cause results or future events to differ materially from current expectations expressed or implied by the forward-looking statements and information include, but are not limited to, fluctuations in the market price of precious metals, mining industry risks, political, economic, social and security risks associated with foreign operations, the ability of the Company to receive or receive in a timely manner permits or other approvals required in connection with operations, risks associated with the construction of mining operations and commencement of production and the projected costs thereof, risks related to litigation, the state of the capital markets, environmental risks and hazards, uncertainty as to calculation of mineral resources and reserves, foreign exchange volatility, foreign exchange controls, foreign currency risk, and other risks. Readers should not place undue reliance on forward-looking statements or information included herein, which speak only as of the date hereof. The Company undertakes no obligation to reissue or update forward-looking statements or information as a result of new information or events after the date hereof except as may be required by law. See McEwen Mining's Annual Report on Form 10-K for the fiscal year ended December 31, 2024, and other filings with the Securities and Exchange Commission, under the caption 'Risk Factors', for additional information on risks, uncertainties and other factors relating to the forward-looking statements and information regarding the Company. All forward-looking statements and information made in this news release are qualified by this cautionary statement. The NYSE and TSX have not reviewed and do not accept responsibility for the adequacy or accuracy of the contents of this news release, which has been prepared by the management of McEwen Mining Inc. ABOUT MCEWEN MINING McEwen Mining Inc. provides its shareholders with exposure to gold, copper and silver in the Americas by way of its three mines located in the United States of America, Canada and Argentina and its large advanced-stage copper development project in Argentina. It also has a gold and silver mine on care and maintenance in Mexico. Its Los Azules copper project aims to be one of the world's first regenerative copper mines and is committed to achieving carbon neutrality by 2038. Rob McEwen, Chairman and Chief Owner, has a personal investment in the companies of US$205 million and takes a salary of $1/year. He is a recipient of the Order of Canada and a member of the Canadian Mining Hall of Fame. His objective for MUX is to build its share value and establish a dividend, as he did while building Goldcorp Inc. McEwen Mining's shares are publicly traded on the New York Stock Exchange (NYSE) and the Toronto Stock Exchange (TSX) under the symbol 'MUX'. Want News Fast? Subscribe to our email list by clicking here: and receive news as it happens! Photos accompanying this announcement are available at: Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same.
