McEwen Mining and Primero Sign Definitive Agreement
McEwen Mining Inc. (MUX)
Last mcewen mining inc. earnings: 3/16 05:01 pm
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Source: GlobeNewswire
TORONTO, Aug. 29, 2017 (GLOBE NEWSWIRE) -- McEwen Mining Inc. (NYSE:MUX) (TSX:MUX) (“McEwen”) is pleased to announce that it has signed the binding definitive agreement with Primero Mining Corp. for the purchase of its Black Fox Complex in the world-famous gold mining region of Timmins, Canada. The agreed purchase price is $35 million, subject to closing adjustments. Closing of the transaction is anticipated in late-September. Key benefits of this transaction to McEwen Mining shareowners: Production and Resource GrowthStrategically increases our gold production by 50,000 ounces in 2018 and significantly increases our gold resources in the Timmins region. Furthermore, excess mill and tailings capacity provide the capability to increase future production. Management and Operational ReadinessEstablishes a base of operations with an experienced and skilled site management and workforce who will operate and advance development of these assets and the Timmins properties recently
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MUX
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Analyst Actions
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MUX
Sec Filings
- 4/18/24 - Form 8-K
- 3/15/24 - Form 10-K
- 3/1/24 - Form 8-K
- MUX's page on the SEC website