McEwen Mining Announces Temporary Suspension of Operations at Black Fox and Gold Bar Mines
26 March 2020 - 9:00PM
McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) reports
that in order to protect the health of our workforce, their
families, and the nearby communities from the spread of COVID-19,
both the Black Fox and Gold Bar mines will scale down operations
beginning today for a period of 14 days. Certain production and
exploration activities will continue at Gold Bar in areas where
social distancing can be observed, including ore crushing,
irrigation of the heap leach pad, and operation of the process
plant. At Black Fox, we expect to continue development activities
related to the Froome access ramp. Both sites will continue to be
minimally staffed to ensure safety, security and environmental
compliance. Our projects in Mexico are continuing to operate
normally.
CAUTION CONCERNING FORWARD-LOOKING
STATEMENTSThis 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. 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 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.
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, 2019 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.
ABOUT MCEWEN MINING
McEwen Mining is a diversified gold and silver
producer and explorer with operating mines in Nevada, Canada,
Mexico and Argentina. It also owns a large copper deposit in
Argentina. McEwen’s goal is to create a profitable gold and silver
producer focused in the Americas.
McEwen Mining has approximately 400 million
shares outstanding. Rob McEwen, Chairman and Chief Owner, owns 20%
of the shares.
CONTACT INFORMATION: |
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Investor Relations:(866)-441-0690 Toll Free(647)-258-0395
Mihaela Iancu ext. 320 info@mcewenmining.com |
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