McEwen Mining Inc is a growing gold and silver producer in the Americas. The objective of McEwen Mining is to be a profitable gold & silver producer in S&P 500.
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Assets
McEwen Mining's principal assets consist of the following:
Production
A 49% interest in Minera Santa Cruz SA, owner of the San José silver-gold mine that is located near Goldcorp's Cerro Negro project in Argentina; and Phase I of the El Gallo complex in Sinaloa, Mexico.
Development
El Gallo 2 project in Sinaloa, Mexico; the Gold Bar project in Nevada, USA; as well as the Los Azules copper deposit in San Juan, Argentina.
Exploration
The Company has a significant portfolio of large exploration land packages surrounding the San José mine and Goldcorp's Cerro Negro project in Santa Cruz province Argentina, adjoining Barrick's Cortez mine in Nevada and surrounding its El Gallo complex in Mexico.
McEwen Mining had 304.1 million fully diluted shares as of December 31, 2015. As of March 7, 2016, McEwen Mining had cash and liquid assets of approximately US$40 million.
Insider Ownership
As of April 11, 2016 Rob McEwen, CEO of McEwen Mining, had a 25% ownership in the company's stock.
Mergers and Acquisitions
In February 2017 McEwen Mining announced it had entered into a friendly-acquisition agreement to acquire all issued and outstanding securities of Lexam VG Gold Inc.
Source of the article : Wikipedia
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