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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): |
August 3, 2023 |
McEWEN MINING INC.
(Exact name of registrant as specified in
its charter)
Colorado |
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001-33190 |
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84-0796160 |
(State or other jurisdiction
of incorporation) |
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(Commission
File Number) |
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(IRS Employer Identification No.) |
150 King Street West, Suite 2800
Toronto,
Ontario, Canada
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M5H 1J9 |
(Address of principal executive offices) |
(Zip Code) |
Registrant’s telephone number including area code: |
(866) 441-0690 |
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing
is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
¨ Written communications pursuant to Rule 425 under the
Securities Act (17 CFR 230.425)
¨ Soliciting material pursuant to Rule 14a-12 under the
Exchange Act (17 CFR 240.14a-12)
¨ Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
¨ Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of
the Act:
Title of each class |
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Trading Symbol(s) |
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Name of each exchange on which registered |
Common Stock |
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MUX |
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New York Stock Exchange |
Indicate by check mark whether the registrant is an emerging
growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of
the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth
company ¨
If an emerging
growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with
any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨
| Item 7.01 | Regulation FD Disclosure. |
On August 3, 2023, McEwen Mining Inc. (the
“Company”) issued a press release announcing the appointment of Mr. Darren King as Exploration Director. A copy of that
press release is furnished with this report as Exhibit 99.1.
The information furnished under this Item 7.01,
including the referenced exhibit, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act
of 1934, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, except as shall be expressly
set forth by reference to such filing.
| Item
9.01 | Financial Statements and Exhibits. |
| (d) | Exhibits. The following exhibits are furnished or filed
with this report, as applicable: |
| 104 | Cover Page Interactive Data File – the cover page XBRL
tags are embedded within the Inline XBRL document (contained in Exhibit 101) |
Cautionary Statement
With the exception of historical matters, the matters
discussed in the press release include forward-looking statements within the meaning of applicable securities laws that involve risks
and uncertainties that could cause actual results to differ materially from projections or estimates contained therein. Such forward-looking
statements include, among others, statements regarding future production and cost estimates, exploration, development, construction and
production activities. Factors that could cause actual results to differ materially from projections or estimates include, among others,
future drilling results, metal prices, economic and market conditions, operating costs, receipt of permits, and receipt of working capital,
as well as other factors described in the Company’s Annual Report on Form 10-K for the year ended December 31, 2022, and
other filings with the United States Securities and Exchange Commission. Most of these factors are beyond the Company’s ability
to predict or control. The Company disclaims any obligation to update any forward-looking statement made in the press release, whether
as a result of new information, future events, or otherwise. Readers are cautioned not to put undue reliance on forward-looking statements.
SIGNATURES
Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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McEWEN MINING INC. |
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Date: August 4, 2023 |
By: |
/s/ Carmen Diges |
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Carmen Diges, General Counsel |
Exhibit 99.1
McEwen Copper Strengthens the Exploration Team
by
Welcoming Darren King as Exploration Director
TORONTO, August 3, 2023 (GLOBE NEWSWIRE) - McEwen Copper Inc., 52% owned by McEwen Mining Inc. (NYSE: MUX) (TSX:
MUX) is pleased to announce the appointment of Mr. Darren King as Exploration Director. With over 35 years of international
experience in all stages of copper and gold exploration across North, Central, and South America, Darren brings a wealth of expertise
to his new role.
Before joining McEwen Copper, Darren served as
Vice President of Exploration at INV Metals, where he made significant contributions to the successful completion of the 2018 and 2020
feasibility studies for the Loma Larga project in Ecuador, which led the company to attract a takeover from Dundee Precious Metals at
a 63% premium. During his tenure, Darren also advanced regional exploration properties and ensured compliance with safety, social, and
environmental standards.
Before INV Metals, Darren held the position of
Mine Exploration Manager for South America at Barrick Gold Corporation, where he played an important role in developing and implementing
exploration programs near multiple mines, including Lagunas Norte, Pierina, Zaldivar, and Veladero, with an approach that allowed for
consistent addition of reserves and resources each year.
Over his career, Darren created innovative geological
models that led to significant discoveries in the Dominican Republic, Panama, and Argentina, such as the identification of the orebodies
Monte Oculto at Pueblo Viejo and Argenta at Veladero. He holds a Master of Science in Geology from South Dakota School of Mines and Technology,
he is a Registered Member of Society for Mining, Metallurgy & Exploration (SME), and a Qualified Person under National
Instrument 43-101 - Standards of Disclosure for Mineral Projects.
Michael Meding, Vice President and General Manager
of McEwen Copper stated, "We are delighted to have Darren join McEwen Copper. With his more than 27 years of working in Argentina
and experience in exploring the High Andes, we believe that his expertise and track record of success will play a key role in further
enhancing Los Azules, which is already ranked as a top 10 copper project worldwide with significant growth potential."
Rob McEwen, Chairman and CEO of McEwen Mining,
added “I look forward to the contributions Darren will make to McEwen Copper’s exploration endeavors as we pursue our
ambitious goals.”
ABOUT MCEWEN COPPER
McEwen Copper is a well-funded, private company
which owns 100% of the large, advanced-stage Los Azules copper project, located in the San Juan province, Argentina. McEwen Copper is
a 52% owned private subsidiary of McEwen Mining, which has the ticker MUX on NYSE and TSX.
Los Azules is being
designed to be distinctly different from a conventional copper mine, consuming significantly less water, emitting much lower carbon and
progressing to be carbon neutral by 2038, being powered by 100% renewable once in operation. It recently released an updated PEA
(preliminary economic assessment) which projects a long life of mine, low production cost per pound, short payback period, high annual
copper production and a 21.2% after-tax IRR.
ABOUT MCEWEN MINING
McEwen Mining is a gold and silver producer with
operations in Nevada, Canada, Mexico and Argentina. In addition, it owns approximately 52% of McEwen Copper, which owns the large, advanced
stage Los Azules copper project in Argentina. The Company’s goal is to improve the productivity and life of its assets with the
objective of increasing the share price and providing a yield. Rob McEwen, Chairman and Chief Owner, has a personal investment in the
company of US$220 million. His annual salary is US$1.
CAUTION 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, effects of the COVID-19 pandemic, 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 corporation 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, 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,
2022, Quarterly Report on Form 10-Q for the three months ended March 31, 2023, 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.
Want News Fast?
Subscribe to our email list by clicking here:
https://www.mcewenmining.com/contact-us/#section=followUs
and receive news as it happens!!
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WEB
SITE |
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SOCIAL
MEDIA |
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www.mcewenmining.com
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McEwen
Mining |
Facebook: |
facebook.com/mcewenmining |
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LinkedIn: |
linkedin.com/company/mcewen-mining-inc-
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CONTACT
INFORMATION |
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Twitter: |
twitter.com/mcewenmining |
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150
King Street West |
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Instagram:
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instagram.com/mcewenmining |
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Suite
2800, PO Box 24 |
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Toronto,
ON, Canada |
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McEwen
Copper |
Facebook: |
facebook.com/
mcewencopper |
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M5H
1J9 |
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LinkedIn: |
linkedin.com/company/mcewencopper |
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Twitter: |
twitter.com/mcewencopper |
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Relationship
with Investors: |
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Instagram:
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instagram.com/mcewencopper |
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(866)-441-0690
- Toll free line |
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(647)-258-0395
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Rob
McEwen |
Facebook: |
facebook.com/mcewenrob |
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Mihaela
Iancu ext. 320 |
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LinkedIn: |
linkedin.com/in/robert-mcewen-646ab24 |
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info@mcewenmining.com
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Twitter:
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twitter.com/robmcewenmux
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McEwen Mining (NYSE:MUX)
過去 株価チャート
から 4 2024 まで 5 2024
McEwen Mining (NYSE:MUX)
過去 株価チャート
から 5 2023 まで 5 2024