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New York, June 23, 2012 (ABN Newswire) - McEwen Mining (
NYSE:MUX) Announce Shareholder Update June 2012 with the El Gallo Complex development update and the McEwen Mining community story. Construction of Phase One at El Gallo is nearing completion and gold production is to commence on time and budget, in Third Quarter.
Key development highlights over the past two weeks are:
- Heap leach construction 75% complete
- Process plant construction 90% complete
- Mining at Samaniego open pit continues
- Generators for the crushers have been installed
- Crushers assembly nears completion
To view the El Gallo Development Photo Update, please click here.
http://media3.marketwire.com/docs/Photo_update.pdf
To view the McEwen Mining Community Story, please click here.
http://media3.marketwire.com/docs/Community_story.pdf
NYSE:MUX) Announce Shareholder Update June 2012 with the El Gallo Complex development update and the McEwen Mining community story. Construction of Phase One at El Gallo is nearing completion and gold production is to commence on time and budget, in Third Quarter.Key development highlights over the past two weeks are:
- Heap leach construction 75% complete
- Process plant construction 90% complete
- Mining at Samaniego open pit continues
- Generators for the crushers have been installed
- Crushers assembly nears completion
To view the El Gallo Development Photo Update, please click here.
http://media3.marketwire.com/docs/Photo_update.pdf
To view the McEwen Mining Community Story, please click here.
http://media3.marketwire.com/docs/Community_story.pdf
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About McEwen Mining
The goal of McEwen Mining is to qualify for inclusion in the S&P 500 by 2015 by creating a high growth gold producer focused in the Americas. McEwen Mining's principal assets consist of the San Jose mine in Santa Cruz, Argentina (49% interest); the El Gallo complex in Sinaloa, Mexico; the Gold Bar project in Nevada, US; the Los Azules project in San Juan, Argentina and a large portfolio of exploration properties in Argentina, Mexico and Nevada.
McEwen Mining has 296,024,859 shares issued and outstanding. Rob McEwen, Chairman, President and Chief Owner, owns 25% of the shares of the Company (assuming all outstanding Exchangeable Shares are exchanged for an equivalent amount of Common Shares). As of December 31, 2012, McEwen Mining had cash and liquid assets of approximately US$79 million and is debt free.
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