McEwen Mining Inc (MUX)

[JD400]

$MUX McEwen Mining's Copper Spin Out Excites The Market (TSX:MUX)

Mining Network:
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McEwen Copper
Los Azules in the world’s top 10 undeveloped copper deposits
McEwen Copper Moving to Advance the Los Azules Project
- Funding privately to upgrade from PEA to updated PEA, to FS
- $82 M raised - $40 M Rob McEwen, $25 M Rio Tinto investment through Nuton
- 2022: 2nd access road established, 53 km drilling program
- 2023: updated Preliminary Economic Assessment Q1, IPO H1
- 2024: Feasibility Study

McEwen Mining - Improving Performance
Improving Balance Sheet: Jun 30 - $48 M cash & cash equiv.
Implementing Operational Efficiencies
Organic Growth - exploration extending life of mines:
- Fox Complex expansion PEA Jan 2022 – higher production, longer life
- Gold Bar South – permitting received Apr 2022, production H2 2022
Silver Assets in Mexico and Argentina
- Production & exploration @ San José, feasibility study @ Fenix
2022E Production Guidance3:
- 153 K GEO 118 Koz Au & 2.5 Moz Ag to 172 K GEO - 133 Koz Au & 2.8 Moz Ag
- Costs decreasing to $1,060-$1,140 cash costs & $1,170-$1,260 AISC in Q4