âMUX: Hard Money and Green Copperâ
Rob McEwen, Chairman & Chief Owner
About McEwen Mining
McEwen Miningâs Three Value Drivers: Gold & Silver Production and Large Copper Development
McEwen Mining is a gold and silver producer with operations in Nevada, Canada, Mexico and Argentina. Additionally, it owns 46.4% of McEwen Copper, which holds the large, advanced-stage Los Azules copper project in Argentina. The Company aims to improve the productivity and life of its assets with the objective of increasing its share price and providing investor yield. Rob McEwen, Chairman and Chief Owner, has personally invested $225 million in the companies and takes an annual salary of $1.
MUX’s Properties – Gold, Silver & Copper in Prolific Mineral-Rich Regions
Fox Complex in Timmins, Ontario â Canadaâs Largest Gold Producer
- 100% MUX Producer, Multiple Projects on Prime Segments of the Destor-Porcupine Fault
2024 Froome Mine Production Guidance: 40,000 – 42,000 oz gold
- Mill Capacity: 2,000 tonnes per day
- Ramp Pre-construction Work: Started in 2024 for Stock Mine
- 2024 Budget: $9 million development & $7 million exploration
- Exploration: Extending the life at the complex
Fox Complex Gold Resource
Measured & Indicated: 1,905,000 oz Au @ 4.2 g/t
Inferred: 549,000 oz Au @ 3.6 g/t
Fox PEA Post-Froome Production Metrics
Life of Mine: 9 years
Annual Production: 81,000 oz gold
Costs per ounce: $770 cash costs, $1,245 All-in Sustaining Costs
After-tax NPV (5%): $192 million @ $1,800/ oz Au
More about Fox Complex: McEwen Mining – Fox Complex
For more about the activity in Timmins and to view the digital map, visit: Timmins Area Digital Map
Other Projects and Operations
McEwen Mining Enhancing Productivity
Organic Growth With Exploration Upside
- Fox Complex: Exploration extending Life of Mine, new upcoming mine at Stock property
- Gold Bar: Process improvements boosting new production records
- San José: High grade underground gold & silver mine on prospective land package
- Fenix Project: Permitting work & new plan for earlier production
 Improving Balance Sheet
- Debt: Decreased by 39% to $40 million in 2023
- Cash & Equivalents: $41 million as of June 30, 2024
2024 Production Guidance: 130,000 – 145,000 gold equivalent ounces
McEwen Copper Surfacing Large Value
Advancing Los Azules, Worldâs 4th Largest Undeveloped Copper Project Not Controlled by a Major Producer
Planning: The worldâs first regenerative copper mine in Argentina
Environmentally Progressive: Powered by 100% renewable energy, committed to carbon neutrality by 2038
2023 PEA (@ $3.75/lb Cu)
- Life of Mine: 27 years
- Annual Production: 322 million lb Cu
- Lowest Cost Quartile: $1.07/lb C1 cash cost
- After-tax NPV (8%): $2.7 billion
- Copper Resource
Indicated: 10.9 billion lb Cu @ 0.40%
Inferred: 26.7 billion lb Cu @ 0.31%
Environmental Impact Assessment: Submitted
H1 2025: Feasibility Study & IPO
2025-2026: Pre-construction work
For more information about McEwen Miningâs projects and operations visit: McEwen Mining web site.
Share Structure
High Investor Alignment
With a $225 million investment in the companies, Chairman & Chief Owner Rob McEwen owns approximately 16% of McEwen Mining and 13% of McEwen Copper.
McEwen Mining (NYSE, TSX: MUX)
Contact Information
Email: info@mcewenmining.com
Phone: 647-258-0395
For more information about McEwen Miningâs projects and operations visit: https://mcewenmining.com/.
To view the Timmins map and important information about the Timmins area, go to https://digigeodata.com/area/timmins/