McEwen Mining (Seite 71)

[marstru]

Antwort auf Beitrag Nr.: 58.301.744 von Ramses21 am 25.07.18 20:00:26

Laut http://shortsqueeze.com/?symbol=MUX&submit=Short+Quote%E2%84… sind doch viele in MUX short. Wann wollen die sich eindecken.

[Ramses21]

Antwort auf Beitrag Nr.: 58.297.904 von bigyawn am 25.07.18 13:02:41

Sehr stark die Aktie und das gegen den Trend von Gold. Eigentlich verhält sich die Aktie von McEwen eher andersrum...wenn Gold steigt fällt die Aktie gern.

[bigyawn]

ORIGINAL: McEwen Mining Black Fox Exploration News

2018-07-25 06:30 ET - News Release

TORONTO, July 25, 2018 (GLOBE NEWSWIRE) -- McEwen Mining Inc. (NYSE:MUX) (TSX:MUX) reports additional encouraging exploration results from its ongoing $15 million exploration program at the Black Fox Complex near Timmins, Ontario, Canada.
McEwen’s 2018 exploration goals are to grow known deposits and make new discoveries to contribute to near-term gold production. During Q2 a total of 129,000 ft (39,300 meters (m)) of surface exploration drilling was completed at Black Fox Complex, for a year-to-date total of 220,000 ft (66,900 m).
“Our drilling continues to deliver very encouraging results, particularly from the three project areas highlighted in this release: Stock East, Froome and Gibson. Continued drilling success reinforces our view about the strong exploration potential of both the Black Fox and Stock properties,” stated Sylvain Guerard, Senior Vice-President Exploration.
Three of our exploration targets are covered in this release: Stock East, Froome and Gibson. Underground delineation drilling intercepts from Black Fox are also included, along with a revised Black Fox Mine resource estimate, which eliminates the Inferred resource category and increases the Indicated ounces and grade.
Stock East
The Stock Mine property covers a 4 mile (6.5 km) section of the Destor-Porcupine fault, and produced 137,000 gold ounces at a grade of 5.5 g/t between 1989 and 2005. Our winter drilling program was designed to follow-up on historical intersections and geophysical targets; it returned better than expected results at the Stock East target and prompted an expanded 66,000 ft (20,000 m) drilling program beginning in early June. Three drill rigs are currently active and will infill the Stock East target, test the depth extension of the Stock Mine below 500 m, and attempt to join mineralization at Stock East with the historical Stock Mine over a 2,000 m long trend (see Figure 1).
Stock East has a strike length of approximately 500 m and extends vertically from surface to a depth of at least 450 m.   Its proximity to our mill facility makes Stock’s potential for an open-pittable deposit a particularly attractive target.
Significant drill intersections include:
Hole
From (m)
To (m)
Length (m)
TW (m)
Au (g/t)
S18-08
375.80
388.00
12.20
9.90
3.39
Including
375.80
376.80
1.00
0.81
9.51
S18-14
203.45
207.60
4.15
3.72
2.30
S18-16A
236.60
243.00
6.40
5.39
1.83
And
253.10
265.00
11.90
10.02
1.53
S18-18
226.00
234.00
8.00
5.43
1.60
S18-19
143.00
160.90
17.90
16.46
2.62
Including
150.00
159.00
9.00
8.28
3.89
S18-20
157.00
158.00
1.00
0.92
7.19
And
170.32
177.00
6.68
6.14
2.08
*TW = True Width (mathematically calculated based on current interpretation)
Froome
The Froome deposit is located 2,800 ft (850 m) to the West of the Black Fox open pit. It was discovered in 2014 and has a current Indicated resource of 159,000 gold ounces at a grade of 5.26 g/t.
Drilling at Froome during Q2 has identified a mineralized structure in the footwall, approximately 150 m North of the Main Froome Deposit (see Figure 2). The gold-bearing trend hosts clusters of positive drill intersections at Froome Northwest, North and Southeast that may lead to the definition of additional zones of mineralization proximal to the Froome Deposit. In addition, new drill intersections below the Froome Deposit suggest some incremental resource expansion potential. The potential to develop underground access to the Froome Deposit through mineralization in the footwall could provide a major enhancement to the project’s economics and will be evaluated once drilling to better define the zones is complete.
Footwall drilling highlights include the following intersections:
19.42 g/t gold over 2.5 m, including 52.7 g/t gold over 0.83 m at the Footwall NW area;
7.97 g/t gold over 5.99 m at the Footwall North area; and
7.91 g/t gold over 3.12 m, including 13.9 g/t gold over 1.56 m at the Footwall SE area. 
Drilling down-dip of the Froome Deposit encountered 4.04 g/t gold over 7 m, suggesting the mineralization continues at depth. Drilling at Froome will continue in Q3 to follow up on these results.
Significant Froome drill intersections include:
Hole
Zone
From (m)
To (m)
Length (m)
TW (m)
Au (g/t)
18BF-663
Footwall SE
58.00
62.00
4.00
3.12
7.91
Including
 
58.00
60.00
2.00
1.56
13.90
18PR-G234
Footwall N
51.20
53.60
2.40
2.11
5.70
18PR-G239
Footwall NW
325.00
328.00
3.00
2.47
8.05
18PR-G243
Footwall NW
88.00
91.00
3.00
2.50
19.42
Including
 
88.00
89.00
1.00
0.83
52.70
And
 
97.00
119.00
22.00
18.16
1.86
Including
 
113.00
118.00
5.00
4.13
3.97
18PR-G245
Footwall NW
198.8
200.00
1.20
0.99
12.92
18PR-G247
Footwall NW
67.00
79.00
12.00
10.02
1.28
18PR-G248
Footwall NW
300.20
302.00
1.80
1.45
9.61
18PR-G256
Footwall N
60.00
65.00
5.00
4.28
3.65
Including
 
63.60
64.00
0.40
0.34
33.40
And
 
71.00
78.00
7.00
5.99
7.97
Including
 
71.00
74.00
3.00
2.57
17.51
18PR-G258A
Main
341.00
349.00
8.00
7.00
4.04
18PR-G259
Footwall N
83.00
86.00
3.00
2.60
9.46
Including
 
84.00
85.00
1.00
0.87
17.55
18PR-G262
Main
129.00
132.00
3.00
2.61
3.83
Gibson
The Gibson exploration target area is adjacent the Grey Fox Deposit, where Indicated resources of 465,000 gold ounces at a grade of 6.64 g/t, and Inferred resources of 100,000 gold ounces at 6.83 g/t are currently defined.
The present dimensions of the Gibson Zone mineralization are approximately 100 m in length along strike and 400 m depth from near surface. Additional drilling is underway to better define the extent and orientation of the mineralization.  
Hole 18GF-1079 returned 3.11 g/t gold over 34 m (core length), including 10.81 g/t gold over 6 m, from a new style of breccia mineralization identified at the Gibson area. This new intersection suggests the potential for extension of the mineralization to a 500 m depth below surface. Drilling will continue in Q3 to further assess the potential depth extension.
Significant Gibson drill intersections include:
Hole
From (m)
To (m)
Length (m)
TW (m)
Au (g/t)
18GF-1063
565.00
568.00
3.00
2.49
5.84
18GF-1064
371.45
373.00
1.55
1.28
10.12
18GF-1066
112.00
116.00
4.00
3.64
4.57
18GF-1079
520.00
554.00
34.00
*
3.11
Including
521.00
527.00
6.00
*
10.81
18GF-1080
492.00
501.00
9.00
7.71
5.96
Including
499.00
501.00
2.00
1.71
17.55
18GF-1094
29.00
37.00
8.00
6.37
4.26
Including
34.00
37.00
3.00
2.39
7.58
 * True width unknown
Black Fox Underground
During Q2 a significant portion of the underground drilling was dedicated to confirming and expanding known mineralized trends that are located close to current workings and that could be brought into production quickly. Definition drilling to the east of 560 Central Zone (CZ) has extended the east sill nearly 30 m. Drill intercepts have recently been confirmed with high grade chip samples that were taken across development faces, including: 27.65 g/t gold over 3.4 m and 90.22 g/t gold over 3.3 m.
Central Zone drilling highlights include:
Hole
From (m)
To (m)
Length (m)
TW (m)
Au (g/t)
560-F098-05*
77.00
85.10
8.10
6.12
27.76
560-F098-14
63.00
70.00
7.00
4.90
12.72
      * Previously disclosed
Infill drilling targeting the 780 to 820-meter levels of the Deep Central Zone (DCZ) was designed to aid in future development and production planning and has returned high grade intercepts, showing the impressive nature and continuity of the DCZ at depth.
Deep Central Zone drilling highlights include:
Hole
From (m)
To (m)
Length (m)
TW (m)
Au (g/t)
800-F302-13
64.22
73.00
8.78
7.52
44.41
800-F302-15
66.00
68.67
2.67
2.43
141.19
800-F302-16
52.00
61.00
9.00
7.63
43.45
800-F302-18
60.00
63.19
3.19
2.72
47.86
Underground mining and exploration efforts in Q3 will be dedicated to: 1) Conversion of ounces from the resource to the reserve category, and 2) Development of an exploration drift to provide additional drill platforms to test the depth extension of the mine that remains open.
Resource Update
An updated mineral resource estimate for Black Fox Mine with an effective date of March 31, 2018 was completed by SRK Consulting (Canada) Inc. The resource update reflects improved modeling of underground voids, and additional definition and delineation drilling. SRK’s methodology applied to the current resource remained consistent with that used in 2017. The tables (i-iii) below summarize the current resource estimates for the Black Fox Complex.
The next update of the Black Fox Complex resource estimates is planned at the end of the year, and will be published early in 2019 along with the revised and restated mineral reserve estimate.
Table i: Mineral Resource Statement, Black Fox Mine, SRK Consulting (Canada) Inc., March 31, 2018
Classification
 
Cut-off Grade Gold
(g/t)
Quantity
(‘000 t)
Grade Gold
(g/t)
Contained Gold
(‘000 oz)
Indicated Mineral Resource
Underground
Black Fox
3.00
2,268
7.90
576
Total Indicated
 
 
2,268
7.90
576
Table ii: Mineral Resource Statement, Froome and Grey Fox, SRK Consulting (Canada) Inc., October 31, 2017
Classification
 
Cut-off Grade Gold
(g/t)
Quantity
(‘000 t)
Grade Gold
(g/t)
Contained Gold
(‘000 oz)
Indicated Mineral Resource
Underground
Froome
3.20
941
5.26
159
 
Grey Fox
3.60
2,177
6.64
465
Total Indicated
 
 
3,118
6.22
624
Inferred Mineral Resource
Underground
Froome
3.20
125
4.70
19
 
Grey Fox
3.60
453
6.83
100
Total Inferred
 
 
578
6.37
119
Table iii: Tamarack Mineral Resource Estimate, SRK Consulting (Canada) Inc., March 31, 2018
Classification
Cut-off
grade
Au Eq
(g/t)
Quantity
Tonnes
(000s)
Grade
Contained Metal
Gold
(g/t)
Silver
(g/t)
Lead
%
Zinc
%
Au Eq
(g/t)
Gold
Ounces
(000s)
Silver
Ounces
(000s)
Lead
Tonnes
(000s)
Zinc
Tonnes
(000s)
Au Eq
Ounces
(000s)
Total Indicated Resource
3.00
778
1.83
26
1.08
3.29
5.08
46
663
8
26
127
Mineral resources are not mineral reserves and do not have demonstrated economic viability. All figures rounded to reflect the relative accuracy of the estimates. Composites were capped where appropriate. Mineral resources reported at variable cut-off grades as indicated, assuming an underground extraction scenario, a gold price of US$1,500/oz (Black Fox, Froome, and Grey Fox) or for Tamarack: US$1,200/oz Au, US$17.00/oz Ag, US$1.00/lb Pb, and US$1.20/lb Zn, C$:US$ exchange rate of 1.25; and metallurgical gold recoveries of 96% for Black Fox, 90% for Froome and 80% for Grey Fox.
Figure 1 – Stock Exploration Drilling (Click to download .PDF):
http://mcewenmining.com/files/doc_news/archive/20180724_bf/f…
Figure 2 – Froome Exploration Drilling (Click to download .PDF):
http://mcewenmining.com/files/doc_news/archive/20180724_bf/f…
Figure 3 – Gibson Exploration Drilling (Click to download .PDF):
http://mcewenmining.com/files/doc_news/archive/20180724_bf/f…
Table 1 – All Drilling (Click to download .XLS):
http://mcewenmining.com/files/doc_news/archive/20180724_bf/t…
ABOUT MCEWEN MINING
McEwen’s goal is to qualify for inclusion in the S&P 500 Index by creating a profitable gold and silver producer. McEwen’s principal assets consist of: the San José mine in Santa Cruz, Argentina (49% interest); the El Gallo Gold mine in Mexico; the Black Fox mine in Timmins, Canada; the Gold Bar mine in Nevada that is currently under construction; and the large Los Azules copper project in Argentina that is advancing towards permitting.
McEwen has a total of 337 million shares outstanding. Rob McEwen, Chairman and Chief Owner, owns 24% of McEwen.
QUALIFIED PERSON

Technical information pertaining to geology and exploration contained in this news release has been prepared under the supervision of Ken Tylee, P.Geo. Mr. Tylee is a "qualified person" within the meaning of NI 43-101.
The mineral resource estimates were prepared by Dr. Aleksandr Mitrofanov, P Geo, who is a "qualified person" within the meaning of National Instrument 43-101 (“NI 43-101”). Dr. Mitrofanov is an employee of SRK Consulting, (Canada) Ltd and is considered to be "independent" of McEwen for the purposes of NI 43-101.
TECHNICAL INFORMATION
Black Fox Complex drilling was conducted by Forage Asinii Drilling, Boart-Longyear, Major Drilling, NPLH and Norex Drilling and supervised by McEwen’s Geology Department. All exploration drill core samples at the Black Fox Complex were submitted as 1/2 core. Analyses reported herein were performed by the independent laboratories:  ALS Laboratories, which is ISO 9001/IEC17025 certified, Activation Labs, which is ISO 9001/IEC17025 certified, and SGS Canada Laboratories, which is ISO9001/IEC17025 certified. Samples from definition and select delineation drilling, and development sampling completed within the Black Fox mine are assayed at McEwen's onsite laboratory. McEwen’s quality control program includes systematic insertion of blanks, standard reference material and duplicates to ensure laboratory accuracy.
To determine the lengths of significant mineralized intervals, the following composite criteria was established: a minimum reportable interval length of 3 m was determined by establishing a cut-off grade of 3g/t Au for underground (1 g/t Au for near surface). A consecutive maximum length of 3 m of internal waste, including sub cut-off grade material, is allowed and incorporated into the reported composites.  Where an interval of less than 3 m is considered, if the grade x length calculation is greater than 9 (3 for surface), it may be reported. There is no top cutting or capping of assays.
For further details about the Black Fox Complex project including Tamarack, please see our recent NI 43-101 technical report titled "Technical Report for the Black Fox Complex, Canada" dated April 6th, 2018 with an effective date of October 31st, 2017 available on SEDAR (www.sedar.com) under our issuer profile.
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 including, but not limited to, the closing of the Offering and the use of proceeds thereof. 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, factors associated with 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 related to fluctuations in mine production rates, 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. The Company’s dividend policy will be reviewed periodically by the Board of Directors and is subject to change based on certain factors such as the capital needs of the Company and its future operating results. 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, 2017 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 management of McEwen Mining Inc.
CONTACT INFORMATION:


Mihaela Iancu
Investor Relations
(647)-258-0395 ext 320
[e-mail]

 

Website: www.mcewenmining.com

Facebook: facebook.com/mcewenrob

Twitter: twitter.com/mcewenmining
 

150 King Street West
Suite 2800, P.O. Box 24
Toronto, Ontario, Canada
M5H 1J9
(866)-441-0690


© 2018 Canjex Publishing Ltd. All rights reserved.

[freddy1989]

Marktkap. 755,07 Mio.
KGV 50,89

Weiss jemand wie hoch die Assets von Mc Ewen Mining bewertet sind ? und ob die Bewertung Fair ist im Bezug auf die Market cap?

[bigyawn]

McEwen Mining files new PEA for El Gallo

2018-07-09 13:03 ET - News Release

Mr. Rob McEwen reports

MCEWEN MINING FILES FENIX PRELIMINARY ECONOMIC ASSESSMENT EXTENDS EL GALLO MINE LIFE BY 12 YEARS

McEwen Mining Inc. has filed the new preliminary economic assessment prepared in accordance with National Instrument 43-101 on its 100-per-cent-owned El Gallo complex.

Some of the details in the preliminary economic assessment document filed today differ from those disclosed in the news release dated May 25, 2018, entitled, "McEwen Mining Announces New Preliminary Economic Assessment -- Extending Life An Additional 10 Years in Mexico." Please disregard the news release dated May 25, 2018.

The differences are provided in the attached table.


Prior Disclosure Finalized PEA Change

Mine life 10 years 12 years Increased 2 years
Base case after-tax IRR 25% 28% Increased 3%
Upside case after-tax IRR 30% 33% Increased 3%
Base case payback period Four years 4.1 years Increased 0.1 years
Upside case payback period 3.8 years 3.9 years Increased 0.1 years
Upside case after-tax NPV $77-million $75-million Decreased $2-million
Heap leach pad contained AuEq oz 197,285 185,179 Decreased 6%
Heap leach pad recovered AuEq oz 172,989 162,958 Decreased 6%
Total contained AuEq oz 679,106 667,001 Decreased 2%
Total recovered AuEq oz 572,981 562,950 Decreased 2%
Average mined grade 1.17 g/t AuEq 1.20 g/t AuEq Increased 2.6%

The PEA is available for review at the company's website and on SEDAR.

This preliminary economic assessment study evaluates the potential extension of production from the El Gallo Complex in Sinaloa, Mexico. The proposed development plan evaluated in the preliminary economic assessment is called Project Fenix. The key outcomes of Project Fenix include an average annual production rate of 47,000 ounces gold equivalent (AuEq), a 12-year mine life, low initial capital cost of $41-million, mine pay-back of 4.1 years, and an after-tax IRR of 28% at current gold and silver prices.

Summary of the Project Fenix (Base Case) preliminary economic assessment at $1,250/oz gold and $16/oz silver prices:

Estimated initial capital cost of $41-million for phase 1 and $30-million for phase 2;
Pay-back period of 4.1 years;
28% after-tax IRR and $60-million NPV at 5% discount rate;
$12.7-million of average annual cash flow from operations from year 2 onwards;
47,000 ounces average annual AuEq production;
Cash cost of $704 and $857 per ounce AuEq for phases 1 and 2 respectively;
12-year Life-of-Mine (LOM);
Updated resource estimate totaling 13-million tonnes at an average grade of 0.39 g/t gold and 77 g/t silver (Measured and Indicated) containing 591,000 oz AuEq, and 5.7-million tonnes at an average grade of 0.81 g/t gold and 27 g/t silver (Inferred) containing 214,000 oz AuEq.

The preliminary economic assessment was prepared by GR Engineering Services Limited (GRES), an engineering, consulting and contracting company, under the direction of McEwen Mining in accordance with the requirements of Canadian National Instrument 43-101 "Standards of Disclosure for Mineral Projects" ("NI 43-101"). Contact details for GRES can be found after the footnotes below.

Financial Analysis

The project base case generates an after-tax net present value (NPV 5% ) of $60-million, an IRR of 28%, and an annual average after-tax cash flow from operations of $12.7-million per year of operation after the completion of phase 2.

AFTER-TAX FINANCIAL RESULTS FOR THREE SCENARIOS

Downside case Base case Upside case
$1,200/oz Au, $15/oz Ag $1,250/oz Au, $16/oz Ag $1,300/oz Au, $17/oz Ag
plus 30-per-cent Capex increase

phase 1 Capex $53-million $41-million $41-million
phase 2 Capex $40-million $30-million $30-million
IRR 14% 28% 33%
NPV at 5 per cent
discount rate $30-million $60-million $75-million
Payback period 6.5 years 4.1 years 3.9 years

Mining and Processing Details

The Fenix Project involves a two-phase development process. phase 1 includes the reprocessing of material on the gold heap leach pad at the existing El Gallo Gold Mine, and phase 2 includes the processing of open pit gold and silver mineralization from several deposits including El Gallo Silver, Palmarito, El Encuentro and Carrisalejo.

The process plant would use conventional and proven mineral processing and precious metals recovery technologies. phase 1 would have a throughput rate of 5,000 tonnes per day (tpd). During phase 2 fresh mineralized material from the higher grade silver deposits (El Gallo Silver primarily) can only be processed at a maximum of 3,250 tpd.

The selected process recovery methods are based on separate treatment of heap leach material (phase 1) and fresh mineralised material from other deposits (phase 2). phase 1 operation would target gold recovery from the heap leach pad material using a conventional ball grinding mill and a hybrid carbon-in-leach (CIL) circuit to recover gold onto activated carbon. Industry standard elution, electrowinning and smelting circuits would be used to produce a dore product.

In phase 2 the process facility would be modified to enable treatment of mineralized material from El Gallo Silver followed by other deposits in the complex. phase 2 operations would employ conventional flotation technology followed by intensive leaching and zinc precipitation using the Merrill Crowe process for silver and gold recovery. The phase 1 CIL plant would continue to be used for leaching of the flotation tailings to maximize overall silver recoveries during phase 2. phase 2 would also use the existing three stage crushing plant to prepare material for delivery to the grinding circuit.

Tailings produced during the operation would be stored in a mined-out open pit at the El Gallo Gold Mine. As part of this process, tailings deposition would include a delivery system designed to maximize tailings consolidation and water recovery.

The proposed process plant and the El Gallo Silver deposit are separated by about 6.5 km; requiring construction of a dedicated haul road for the transport of mineralized material. A new substation and power line would connect both projects to the national electrical grid.

Over the mine life, production would total 17.2-million tonnes of mineralized material at an average head grade 1.20 g/t AuEq containing 667 koz AuEq, and recovering a total of 563 koz AuEq. The planned production schedule is shown on Table 2.

PRODUCTION SUMMARY

Gold Silver Production Waste Strip Contained Recovered % of recovered
(g/t) (g/t) model (tonnes) ratio metal metal oz AuEq
(tonnes) (oz AuEq) (oz AuEq)

El Gallo heap
leach pad 0.64 0 9,024,027 0 - 185,179 162,958 29%
El Gallo silver 0.11 117.2 5,413,000 20,468,000 3.8 291,432 248,502 44%
Palmarito 0.37 149.9 1,796,194 5,518,199 3.1 136,948 104,863 19%
Carrisalejo 0.60 95.0 263,177 1,472,104 5.6 15,763 12,894 2%
El Encuentro 1.56 2.2 736,540 5,660,945 7.7 37,678 33,733 6%
Totals 1.20 g/t AuEq 17,232,938 33,119,248 - 667,001 562,950 100%


Capital and Operating Costs

The Fenix Project's low up-front capital requirements are primarily due to:

Utilizing existing infrastructure at the El Gallo Gold Mine;

Commissioning a tailings storage facility in an existing pit;

Significantly reducing the required leach tank volumes for El Gallo Silver processing.

phase 1 initial capital expenditure is estimated at $41-million, phase 2 additional expansion capital expenditure is $30-million, and sustaining capital and closure obligations of $10-million brings the total LOM capital required to $81-million.

Mining and operating costs were estimated based on process design criteria, equipment lease rates, labor, reagent, grid power supply, diesel fuel, explosives, maintenance, and other miscellaneous costs. All costs are in Q1 2018 dollars.

OPERATING COST/OZ SUMMARY

Cash cost per oz AuEq AISC per oz AuEq

Phase 1 $704 $704
Phase 2 857 877
Overall project 836 853

CAPITAL COST SUMMARY

Description phase 1 (in millions) phase 2 (in millions) Sustaining (in millions)

Process plant direct costs $28.9 $16.6 -
Infrastructure and owners 1.4 0.8 $4.5
Indirect costs 7.4 6.0 -
Contingency 3.2 2.0 -
Mining 0.0 5.0 5.0
Total 40.9 30.4 9.5
Project total 80.8 - -

OPERATING COST PER TONNE SUMMARY

Resource Plant Opex ($/t) Mining ($/t) Haulage ($/t) G and A ($/t) Total Opex ($/t)

El Gallo heap leach pad $10.77 $0.53 $0.00 $2.50 $13.80
El Gallo silver 21.50 8.61 2.00 3.85 35.96
Palmarito 21.50 7.33 7.00 3.57 39.40
Carrisalejo 21.50 11.87 2.00 3.13 38.50
El Encuentro 15.00 15.63 6.00 3.13 39.76

Existing Permits

The current operation at the El Gallo Gold Mine is a fully permitted open pit mine with a heap leach and ADR process facilities. El Gallo Silver and Palmarito are fully permitted for the construction of a CIL mill and drystack tailings facility. Some amendments to the permits are required for Project Fenix.

Future Permitting & Timing

phase 1 requires amendment of the current permits to include the construction of a mill and leach circuit at the location of the existing El Gallo Gold Mine for the reprocessing of the heap leach pad material. The permit amendment will also include the backfilling of the Samaniego pit with mill tailings as part of an integrated concurrent closure plan for the El Gallo Gold Mine. phase 2 permitting will require authorization to augment the tailings volume to be stored in the Samaniego pit, and El Gallo Silver permits require amendments to change the processing location to El Gallo Gold.

The Fenix Project has CONAGUA(11) approval for the extraction of groundwater and for the construction of wells.

Advancing the project will require permit amendments and approval by the Federal Environmental Authority (SEMARNAT) for phase 1 and subsequently for phase 2.

The company seeks to obtain approval of the phase 1 El Gallo permit modifications by Q4 2018 and phase 2 approvals by Q3 2019. Further project advancement in 2019 is subject to permit approvals.

Resource Estimates

Estimated resources for the Fenix Project are comprised only of material within the boundaries of conceptual pit shells, except for the El Gallo heap leach pad and Palmarito dumps, which are considered available for reprocessing.

MINERAL RESOURCE ESTIMATES

El Gallo silver
In optimized pit shell Tonnes Silver grade Silver Gold grade Gold
(kt) (g/t) (koz) (g/t) (koz)
Potential COG -- 50
g/t Ag
Measured 1,057 150 5,088 0.09 3
Indicated 4,436 120 17,053 0.13 19
Measured and indicated 5,493 125 22,140 0.12 22
Inferred 564 82 1,488 0.38 7

Palmarito
In optimized pit shell Tonnes Silver grade Silver Gold grade Gold
(kt) (g/t) (koz) (g/t) (koz)
Potential COG -- 70
g/t Ag
Measured 1,653 136 7,245 0.38 20
Indicated 11 148 52 0.23 0
Measured and indicated 1,664 136 7,297 0.38 20
Inferred 528 133 2,258 0.30 5

Palmarito dumps
Tonnes Silver grade Silver Gold grade Gold
(kt) (g/t) (koz) (g/t) (koz)
Potential COG -- 52
g/t Ag
Measured 177 177 1,007 0.29 2
Indicated 68 154 338 0.24 1
Measured and indicated 246 170 1,345 0.28 2
Inferred 0 0 0 0.00 0

Carrisalejo
In optimized pit shell Tonnes Silver grade Silver Gold grade Gold
(kt) (g/t) (koz) (g/t) (koz)
Potential COG -- 46
g/t Ag
Measured 0 0 0 0.00 0
Indicated 391 116 1,454 0.11 1
Measured and indicated 391 116 1,454 0.11 1
Inferred 42 821 1,111 0.02 0

El Encuentro
In optimized pit shell Tonnes Silver grade Silver Gold grade Gold
(kt) (g/t) (koz) (g/t) (koz)
Potential COG -- 0.78
g/t Au
Measured 0 0 0 0.00 0
Indicated 534 2 42 1.87 32
Measured and indicated 534 2 42 1.87 32
Inferred 190 19 117 5.68 35

El Gallo heap leach pad
Tonnes Silver grade Silver Gold grade Gold
(kt) (g/t) (koz) (g/t) (koz)
Potential COG -- 0
g/t Au
Measured 0 0 0 0.00 0
Indicated 4,679 0 0 0.56 84
Measured and indicated 4,679 0 0 0.56 84
Inferred 4,352 0 0 0.72 101
Totals

In optimized pit shell Tonnes Silver grade Silver Gold grade Gold
(kt) (g/t) (koz) (g/t) (koz)
Potential COGs variable
Measured 2,887 144 13,340 0.27 25
Indicated 10,119 58 18,938 0.42 137
Measured and indicated 13,006 77 32,277 0.39 161
Inferred 5,678 27 4,974 0.81 148

Metallurgical Testing

Preliminary metallurgical test work conducted in 2018 indicated that the El Gallo Gold heap leach pad material would be amenable to direct cyanidation following conventional grinding. Test work identified moderate levels of soluble copper and zinc.

From 2010 to 2016 extensive metallurgical test work has been conducted on samples from the El Gallo Silver deposit using a direct cyanidation flow sheet. From 2017 to 2018 metallurgical test work has been focused on using conventional flotation techniques to separate the slower leaching minerals to enable separate cyanide leaching of bulk flotation concentrate and flotation tailings streams with tailored leach conditions to reduce overall size of the leaching circuit.

Results have proved favorable and a flowsheet incorporating bulk flotation and separate leaching of bulk flotation concentrates and tailings for treatment of El Gallo Silver has been adopted.

Historical test work records have been utilized to gain a preliminary understanding of the remaining resources along with some scoping test work conducted in 2018 to determine how material from the other higher-grade gold and silver deposits included in the conceptual production schedule would respond to the selected flowsheet.

LOM METAL RECOVERIES FOR THE PRODUCTION MODEL

Resource area LOM gold recovery LOM silver recovery

El Gallo heap leach pad 88% -
El Gallo silver 75% 86%
Palmarito 85% 75%
Carrisalejo 75% 85%
El Encuentro 90% 65%

Results from the scoping tests indicate that the Carrisalejo material will likely perform similarly to El Gallo Silver with respect to silver recovery. Scoping test results showed only modest silver recovery from flotation for the Palmarito sample. However, separate cyanide leaching of the bulk flotation concentrates and flotation tailings streams achieved positive results. The treatment process for Palmarito and Carrisalejo open pit material has therefore been assumed to be similar to El Gallo Silver pending confirmation through additional sampling and metallurgical test work.

For the preliminary economic assessment metallurgical samples selected for testing were assumed to be representative. Note that the Palmarito, Carrisalejo and El Encuentro deposits included in the production schedule have only been subjected to scoping level metallurgical test work using the selected process flowsheet.

Further sampling and test work is required to better understand the response of each of the deposits to the selected flowsheet.

Exploration

In recent years, exploration efforts at the El Gallo Complex have focused on both near-mine and property-wide targets. Near-mine drilling efforts have been successful in delineating and extending mineralization near the Samaniego and Sagrado Corazon pits. The new gold mineralization generally contains sulfides that could be processed in the phase 2 process plant. At the property scale significant mineralization has been confirmed at the El Encuentro zone, which is located 10 km from the El Gallo Gold Mine.

A property-wide soil geochemical survey was completed earlier this year and results indicate the potential for extensions of known zones of sulfide mineralization. In addition, multiple targets were identified from the survey, and field evaluation and ranking of targets for drill testing is in progress.

Further Optimization, Cost Reductions and Project Potential

The company believes there are opportunities to further improve the economics of the Fenix Project through ongoing testing and trade-off studies that will be continued throughout 2018.

Capital cost estimates for the project are to a level of accuracy that is consistent with a preliminary economic assessment technical report . During the next 14 months we will continue to review mineral processing, mine sequencing, material transportation and tailings disposal options ; and the flow sheet will be optimized by undertaking trade-off studies, update cost models and additional metallurgical testwork.

QUALIFIED PERSONS

Responsible person company Primary areas of responsibility

Luke Willis McEwen Geology, drilling, resource estimates, sampling, data verification, resource estimates
Xavier Ochoa McEwen Mining, infrastructure and tailings, permitting, financial analysis
Brendan Mulvihill GRES Metallurgical, process plant capex and opex

The technical contents of this news release have been reviewed and approved by Dr. Nathan M. Stubina, PhD, PEng, FCIM, managing director, and Xavier L. Ochoa, qualified person, member of the Mining and Metallurgical Society of America, and qualified persons as defined by Canadian Securities Administrators' National Instrument 43-101 -- Standards of Disclosure for Mineral Projects.

About McEwen Mining Inc.

McEwen Mining 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 Mining's principal assets consist of: the San Jose mine in Santa Cruz, Argentina (49-per-cent interest); the El Gallo gold mine in Mexico; the Black Fox mine in Timmins, Canada; the Gold Bar mine in Nevada, currently under construction; and the large Los Azules copper project in Argentina, advancing toward development.

We seek Safe Harbor.

© 2018 Canjex Publishing Ltd. All rights reserved.

[boersentrader02]

Wenn es nach mir gehen sollte, sollte er Recht haben.

Ob es aber so kommt, leider weiss das Keiner ?

Bereitet Gold eine Trendumkehr vor?
27. Juni 2018

Aktuell kann der Goldpreis nicht von der schlechten Stimmung an der Börse, die eine Reaktion auf die eskalierenden Handelsstreitigkeiten zwischen den USA und ihren größten Handelspartnern entstand, profitieren. Im Gegenteil, Gold gab die letzten Tage weiter nach. Ein Analyst allerdings erwartet, dass dies nur das Vorspiel einer Trendumkehr ist und der Goldpreis wieder deutlich zulegen könnte.

https://www.goldinvest.de/aus-der-redaktion/1842-bereitet-go…

[freddy1989]

Antwort auf Beitrag Nr.: 57.962.544 von Ramses21 am 12.06.18 00:12:30

9,75% sind ziehmlich heftig finde ich keine Ahnung wie sich andere Firmen gerade z.b in Australien so finanzieren können....

Denke mal Rob Mc Ewen weiss was er tut aber die Schulden sollten schnell zurück gezahlt werden wie lange braucht die Firma noch bis die neue Mine starten kann?

[Ramses21]

9,75 % Verzinsung für die 50 Millionen finde ich sehr viel. Das ist nur ein Geschäft für uns Aktionäre wenn der Goldpreis ordentlich steigt.

[meichel]

[urlhttps://www.newsfilecorp.com/release/35178/Romios-Closes-Sale-of-Timmins-Hislop-Property-to-McEwen-Mining][/url]

[Ramses21]

Es gefällt mir nicht das McEwen ständig neue Aktien ausgiebt. Das ist im Prinzip nichts anderes wie Gold Streams zu verkaufen. Eine Finanzierung nur anders eingepackt. Wie viel Geld ist für Gold Bar noch nötig?