Appoints Sylvain Guerard as Senior Vice President Exploration
Sylvain has over 25 years experience in mineral exploration across four continents. The scope of his work has been wide-ranging from generative to advanced stage exploration. Prior to joining McEwen Mining he spent seven years at Kinross, most recently serving as its Senior Vice President, Exploration; with responsibility for world-wide development and implementation of exploration strategy. Before Kinross, Sylvain worked in exploration at Barrick for eight years, Inmet for six years, and at two other firms.
"At McEwen Mining we consider exploration essential R&D. We believe that the discovery of new deposits or the reinvention of existing ones is the best method of creating value for our share owners. While I ran Goldcorp, the discovery and subsequent development of the High Grade Zone at the Red Lake Mine in Canada, propelled the company's share price higher at a rate of 31% compounded annually for 11 years. While that experience is an extreme example, it did make me a strong believer in the power of innovation and perseverance in the field of exploration. Sylvain is a global exploration expert whose experience will accelerate the drive to our S&P 500 goal," stated Rob McEwen, Chief Owner.
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 management of McEwen Mining Inc.
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 El Gallo Gold mine and El Gallo Silver project in Mexico, the Black Fox mine in Timmins, Canada, the Gold Bar future mine in Nevada, and the Los Azules copper project in Argentina.
McEwen has a total of 337 million shares outstanding. Rob McEwen, Chairman and Chief Owner, owns 24% of McEwen.
McEwen Mining Inc
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