Announce Shareholder Update June 2012
New York, June 23, 2012 AEST (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
About McEwen Mining Inc
McEwen Mining (NYSE:MUX) (TSE:MUX) has the goal to qualify for inclusion in the S&P 500 Index by creating a profitable gold and silver producer focused in the Americas. McEwen's principal assets consist of: the San José mine in Santa Cruz, Argentina (49% interest); the Black Fox mine in Timmins, Canada; the Fenix Project in Mexico; the Gold Bar mine in Nevada, currently under construction; and the large Los Azules copper project in Argentina, advancing towards development.
McEwen has approximately 345 million shares outstanding. Rob McEwen, Chairman and Chief Owner, owns roughly 23% of the shares.
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