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Sunday, February 05, 2012 2:44:18 AM
MUX McEwen Mining Inc. (5.76) Mid-tier silver producer (plus Gold and Copper credits), with projected production of 2.5 million silver ounces in 2011 expected to increase to 7.5 million silver ounces by 2014; Created by the merger of US Gold and Minera Andes.
“The merger of US Gold and Minera Andes would be transformative, creating a dynamic, new precious metal company. A mid-tier silver producer diversified throughout the Americas. The combined company would be low-cost and possess a significant pipeline of production growth in addition to owning an exciting portfolio of exploration properties. Importantly, this combination would move us one step closer to our goal of qualifying for inclusion in the S&P 500 Index by 2015.” – Rob McEwen 6-14-11
Highlights of the Combined Company Include:
•Significant Growth: projected production of 2.5 million silver ounces in 2011 expected to increase to 7.5 million silver ounces by 2014;
•Industry Leading Costs: estimated cash cost of negative US$0.40 per silver ounce (net of gold by-product), with costs expected to reduce further as new production commences; •Strong Balance Sheet: US$122 million in cash, including silver/gold bullion, and no bank debt;
•Exciting Exploration: significant land packages adjoining Goldcorp’s Cerro Negro Project, Barrick’s Cortez Mine and US Gold’s own El Gallo Project;
•Resources (NI 43-101): Silver, measured + indicated totals 81.2 million ounces and 51.1 million inferred ounces; Gold, measured + indicated totals 3.8 million ounces and 900,000 inferred ounces; and Copper, indicated totals 2.2 billion pounds + 10.3 billion inferred pounds;
•Market Capitalization: approximately US$1.4 billion;
•Listings: the combined company’s shares would trade on the New York Stock Exchange (NYSE) and the Toronto Stock Exchange (TSX).
The total number of shares outstanding in the combined company would be approximately 252.7 million. From 6-14-11 PR
1-24-12 - McEwen Mining: US Gold and Minera Andes Business Combination Completed http://www.otcmarkets.com/stock/MUX/news
Website: http://www.mcewenmining.com/
Pinksheets: http://www.otcmarkets.com/stock/MUX/quote
IHUB: http://investorshub.advfn.com/boards/board.aspx?board_id=12355
img]stockcharts.com/c-sc/sc?s=mux&p=d&yr=1&mn=0&dy=0&id=p41379260342[/img]
“The merger of US Gold and Minera Andes would be transformative, creating a dynamic, new precious metal company. A mid-tier silver producer diversified throughout the Americas. The combined company would be low-cost and possess a significant pipeline of production growth in addition to owning an exciting portfolio of exploration properties. Importantly, this combination would move us one step closer to our goal of qualifying for inclusion in the S&P 500 Index by 2015.” – Rob McEwen 6-14-11
Highlights of the Combined Company Include:
•Significant Growth: projected production of 2.5 million silver ounces in 2011 expected to increase to 7.5 million silver ounces by 2014;
•Industry Leading Costs: estimated cash cost of negative US$0.40 per silver ounce (net of gold by-product), with costs expected to reduce further as new production commences; •Strong Balance Sheet: US$122 million in cash, including silver/gold bullion, and no bank debt;
•Exciting Exploration: significant land packages adjoining Goldcorp’s Cerro Negro Project, Barrick’s Cortez Mine and US Gold’s own El Gallo Project;
•Resources (NI 43-101): Silver, measured + indicated totals 81.2 million ounces and 51.1 million inferred ounces; Gold, measured + indicated totals 3.8 million ounces and 900,000 inferred ounces; and Copper, indicated totals 2.2 billion pounds + 10.3 billion inferred pounds;
•Market Capitalization: approximately US$1.4 billion;
•Listings: the combined company’s shares would trade on the New York Stock Exchange (NYSE) and the Toronto Stock Exchange (TSX).
The total number of shares outstanding in the combined company would be approximately 252.7 million. From 6-14-11 PR
1-24-12 - McEwen Mining: US Gold and Minera Andes Business Combination Completed http://www.otcmarkets.com/stock/MUX/news
Website: http://www.mcewenmining.com/
Pinksheets: http://www.otcmarkets.com/stock/MUX/quote
IHUB: http://investorshub.advfn.com/boards/board.aspx?board_id=12355
img]stockcharts.com/c-sc/sc?s=mux&p=d&yr=1&mn=0&dy=0&id=p41379260342[/img]
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