McEwen Mining Updates Positive Feasibility Study for Gold Bar Mine, Nevada
McEwen Mining Inc. (MUX)
Last mcewen mining inc. earnings: 3/16 05:01 pm
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Source: GlobeNewswire
TORONTO, Feb. 15, 2018 (GLOBE NEWSWIRE) -- McEwen Mining Inc. (NYSE:MUX) (TSX:MUX) (“McEwen Mining” or the “Company”) announces results of the updated Feasibility Study (“FS”) for its 100% owned Gold Bar Mine in Nevada. Construction has started on the Gold Bar Mine with a planned completion date in late 2018, and commercial production beginning in 2019. The FS was prepared by M3 Engineering & Technology Corp. (“M3”) of Tucson, Arizona, in accordance with the requirements of Canadian National Instrument 43-101 “Standards of Disclosure for Mineral Projects” (“NI 43-101”). “We are excited that construction of the Gold Bar Mine is now underway. We have already invested over 10% of the total capital required to complete the project, and the balance will be financed with cash on hand, supplemented by a combination of debt, equipment leasing, and equity,” said Rob McEwen, Chairman and Chief Owner. “Exploration is advancing since the mine permits were received, and is already delivering en
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