Recent Quotes View Full List My Watchlist Create Watchlist Indicators DJI Nasdaq Composite SPX Gold Crude Oil EL&P Market Index Markets Stocks ETFs Tools Overview News Currencies International Treasuries MiningNewsBreaks – McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) Announces Financing to Fund Exploration and Development at the Fox Complex By: Investor Brand Network May 29, 2024 at 15:23 PM EDT McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) has announced that it priced a public financing to fund continued exploration and development at the Fox Complex in the Timmins region of Ontario, primarily focused on exploration drilling and the development of an underground access ramp from surface to mine the gold resources of Stock East and West. This represents the next area of production growth at the Fox Complex. McEwen Mining intends to use the proceeds of this financing for qualifying Canadian Exploration Expenses within the meaning of subsection 66.1(6) of the Income Tax Act (Canada) and Canadian Development Expenses within the meaning of subsection 66.2(5) of the Income Tax Act (Canada). Subject to customary conditions, including approval from the Toronto Stock Exchange and New York Stock Exchange, the offering of 1,533,000 flow-through common shares for aggregate gross proceeds of US$22.0 million (Cdn$30,035,790) is expected to close on June 14, 2024. Total proceeds net of placement agents’ fees is expected to be US$20.9 million (Cdn$28,534,000). To view the full press release, visit https://ibn.fm/MG9xT About McEwen Mining Inc. McEwen Mining is a gold and silver producer with operations in Nevada, Canada, Mexico and Argentina. In addition, it owns approximately 47.7% of McEwen Copper, which owns the large, advanced-stage Los Azules copper project in Argentina. The company’s goal is to improve the productivity and life of its assets with the objective of increasing its share price and providing a yield. Rob McEwen, MUX’s chairman and chief owner, has personally provided the company with $220 million and takes an annual salary of $1. NOTE TO INVESTORS: The latest news and updates relating to MUX are available in the company’s newsroom at http://ibn.fm/MUX About MiningNewsWire MiningNewsWire (“MNW”) is a specialized communications platform with a focus on developments and opportunities in the Global Mining and Resources sectors. It is one of 60+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, MNW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, MNW brings its clients unparalleled recognition and brand awareness. MNW is where breaking news, insightful content and actionable information converge. To receive SMS alerts from MiningNewsWire, text “BigHole” to 888-902-4192 (U.S. Mobile Phones Only) For more information, please visit https://www.MiningNewsWire.com Please see full terms of use and disclaimers on the MiningNewsWire website applicable to all content provided by MNW, wherever published or re-published: https://www.MiningNewsWire.com/Disclaimer MiningNewsWireLos Angeles, CAwww.MiningNewsWire.com310.299.1717 OfficeEditor@MiningNewsWire.com MiningNewsWire is powered by IBN Data & News supplied by www.cloudquote.io Stock quotes supplied by Barchart Quotes delayed at least 20 minutes. By accessing this page, you agree to the following Privacy Policy and Terms and Conditions.
MiningNewsBreaks – McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) Announces Financing to Fund Exploration and Development at the Fox Complex By: Investor Brand Network May 29, 2024 at 15:23 PM EDT McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) has announced that it priced a public financing to fund continued exploration and development at the Fox Complex in the Timmins region of Ontario, primarily focused on exploration drilling and the development of an underground access ramp from surface to mine the gold resources of Stock East and West. This represents the next area of production growth at the Fox Complex. McEwen Mining intends to use the proceeds of this financing for qualifying Canadian Exploration Expenses within the meaning of subsection 66.1(6) of the Income Tax Act (Canada) and Canadian Development Expenses within the meaning of subsection 66.2(5) of the Income Tax Act (Canada). Subject to customary conditions, including approval from the Toronto Stock Exchange and New York Stock Exchange, the offering of 1,533,000 flow-through common shares for aggregate gross proceeds of US$22.0 million (Cdn$30,035,790) is expected to close on June 14, 2024. Total proceeds net of placement agents’ fees is expected to be US$20.9 million (Cdn$28,534,000). To view the full press release, visit https://ibn.fm/MG9xT About McEwen Mining Inc. McEwen Mining is a gold and silver producer with operations in Nevada, Canada, Mexico and Argentina. In addition, it owns approximately 47.7% of McEwen Copper, which owns the large, advanced-stage Los Azules copper project in Argentina. The company’s goal is to improve the productivity and life of its assets with the objective of increasing its share price and providing a yield. Rob McEwen, MUX’s chairman and chief owner, has personally provided the company with $220 million and takes an annual salary of $1. NOTE TO INVESTORS: The latest news and updates relating to MUX are available in the company’s newsroom at http://ibn.fm/MUX About MiningNewsWire MiningNewsWire (“MNW”) is a specialized communications platform with a focus on developments and opportunities in the Global Mining and Resources sectors. It is one of 60+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, MNW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, MNW brings its clients unparalleled recognition and brand awareness. MNW is where breaking news, insightful content and actionable information converge. To receive SMS alerts from MiningNewsWire, text “BigHole” to 888-902-4192 (U.S. Mobile Phones Only) For more information, please visit https://www.MiningNewsWire.com Please see full terms of use and disclaimers on the MiningNewsWire website applicable to all content provided by MNW, wherever published or re-published: https://www.MiningNewsWire.com/Disclaimer MiningNewsWireLos Angeles, CAwww.MiningNewsWire.com310.299.1717 OfficeEditor@MiningNewsWire.com MiningNewsWire is powered by IBN
McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) has announced that it priced a public financing to fund continued exploration and development at the Fox Complex in the Timmins region of Ontario, primarily focused on exploration drilling and the development of an underground access ramp from surface to mine the gold resources of Stock East and West. This represents the next area of production growth at the Fox Complex. McEwen Mining intends to use the proceeds of this financing for qualifying Canadian Exploration Expenses within the meaning of subsection 66.1(6) of the Income Tax Act (Canada) and Canadian Development Expenses within the meaning of subsection 66.2(5) of the Income Tax Act (Canada). Subject to customary conditions, including approval from the Toronto Stock Exchange and New York Stock Exchange, the offering of 1,533,000 flow-through common shares for aggregate gross proceeds of US$22.0 million (Cdn$30,035,790) is expected to close on June 14, 2024. Total proceeds net of placement agents’ fees is expected to be US$20.9 million (Cdn$28,534,000). To view the full press release, visit https://ibn.fm/MG9xT About McEwen Mining Inc. McEwen Mining is a gold and silver producer with operations in Nevada, Canada, Mexico and Argentina. In addition, it owns approximately 47.7% of McEwen Copper, which owns the large, advanced-stage Los Azules copper project in Argentina. The company’s goal is to improve the productivity and life of its assets with the objective of increasing its share price and providing a yield. Rob McEwen, MUX’s chairman and chief owner, has personally provided the company with $220 million and takes an annual salary of $1. NOTE TO INVESTORS: The latest news and updates relating to MUX are available in the company’s newsroom at http://ibn.fm/MUX About MiningNewsWire MiningNewsWire (“MNW”) is a specialized communications platform with a focus on developments and opportunities in the Global Mining and Resources sectors. It is one of 60+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, MNW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, MNW brings its clients unparalleled recognition and brand awareness. MNW is where breaking news, insightful content and actionable information converge. To receive SMS alerts from MiningNewsWire, text “BigHole” to 888-902-4192 (U.S. Mobile Phones Only) For more information, please visit https://www.MiningNewsWire.com Please see full terms of use and disclaimers on the MiningNewsWire website applicable to all content provided by MNW, wherever published or re-published: https://www.MiningNewsWire.com/Disclaimer MiningNewsWireLos Angeles, CAwww.MiningNewsWire.com310.299.1717 OfficeEditor@MiningNewsWire.com MiningNewsWire is powered by IBN
