Copper $ 2.89 +0.02 +0.59% Volume: December 19, 2014
Silver $ 15.91 +0.03 +0.19% Volume: December 19, 2014
Gold $ 1,195.84 -2.57 -0.21% Volume: December 19, 2014
TSX: MUX $ 1.19 +0.00 +0% Volume: 238,300 December 18, 2014
NYSE: MUX $ 1.01 +0.00 +0% Volume: 5,289,400 December 18, 2014
1,195.84 -2.57 -0.21% Volume: Pricing delayed 20 minutes December 19, 2014 4:15 AM
Operations
Operations

Gold Resources


Measured  Indicated Measured + Indicated Inferred
43-101 Gold Resources  Tonnes (millions) Grams per tonne Ounces  Tonnes (millions) Grams per tonne Ounces  Tonnes (millions) Grams per tonne Ounces  Tonnes (millions) Grams per tonne Ounces 
Argentina                        
San José (49%)
(incl. Reserves)
0.7 8.85 212,464 1.4 6.71 303,800 2.1 7.45 516,264 0.9 7.23 210,994
Los Azules  
  389 0.07 840,000 389 0.07 840,000 1,397 0.06 2,580,000
 Mexico                        
 El Gallo 1
 10.3 1.62 533,622 
3.7 1.33 157,901
13.9 1.54 691,523 0.44 0.85 
11,933
 El Gallo 2  25 0.10   78,689 9.3 0.41  123,058  34.3   0.18 201,748   8.5 0.24  66,547 
Nevada      
 
           
Tonkin 17.5 1.44 820,000 14.7 1.34 627,000 32.3 1.39 1,447,000 8.4 1.13 311,000
Gold Bar (incl. Reserves) 0.7 1.19 25,844 18.8 0.94 567,084 19.5 0.95 592,928 7.0 0.94 212,168
New Pass (50%) 4.9 0.97 155,500 0.1 0.59 1,450 5.0 0.97 156,950      
Limo 5.9 0.89 168,350 3.7 0.61 72,730 9.6 0.78 241,080 2.2 0.70 50,700
                         
TOTAL     1,994,469     2,693,023     4,687,493     3,443,342

Silver Resources


Measured  Indicated Measured + Indicated Inferred
43-101 Silver Resources  Tonnes (millions) Grams per tonne Ounces  Tonnes (millions) Grams per tonne Ounces  Tonnes (millions) Grams per tonne Ounces  Tonnes (millions) Grams per tonne Ounces 
Argentina      
 
     
   
San José (49%)
(incl. Reserves)
0.7 640 15,366,400 1.4 448 20,286,000 2.1 515 35,652,400 0.9 455 13,274,100
Los Azules       389 1.8 22,900,000 389 1.8 22,900,000 1397 1.9 85,800,000
Mexico
     
 
     
   
 El Gallo 2
 25  66.90 53,778,258 9.3 33.92 10,102,713 
 34.3 57.99 63,880,971 
 8.5 52.72 14,481,713 
Nevada
                       
New Pass (50%) 4.9 8 1,319,500 0.1 3 6,700 5.0 8 1,326,200      
       
 
           
TOTAL     70,464,158     53,295,413     123,759,571     113,555,813

Copper Resources


Measured  Indicated Measured + Indicated Inferred
43-101 Copper Resources  Tonnes (millions) % Copper Pounds  Tonnes (millions) % Copper Pounds (millions) Tonnes (millions) % Copper Pounds  Tonnes (millions) % Copper Pounds 
Argentina           
 
     
   
Los Azules       389 0.63 5,400 389 0.63 5,400 1397 0.46 14,300

                       
TOTAL           5,400     5,400     14,300

Gold Reserves

  Proven Probable Proven + Probable
43-101 Gold Reserves  Tonnes (millions) Grams per tonne Ounces  Tonnes (millions) Grams per tonne Ounces  Tonnes (millions) Grams per tonne Ounces 
Nevada                  
Gold Bar       15.1 1.00 484,379 15.1 1.00 484,379
Argentina                  
San José (49%) 0.5 7.82 117,012 0.4 6.15 83,594 0.9 7.03 200,606
                   
TOTAL     117,012     567,973     684,985

Silver Reserves


Proven Probable Proven + Probable
43-101 Silver Reserves  Tonnes (millions) Grams per tonne Ounces  Tonnes (millions) Grams per tonne Ounces  Tonnes (millions) Grams per tonne Ounces 
Argentina                  
San José (49%) 0.4 597 8,932,700 0.4 426 5,791,800 0.9 515 14,724,500
                   
 TOTAL      8,932,700     5,791,800     14,724,500

San José resources and reserves estimates on this page were derived from the technical report titled "Technical Report on San José Silver-Gold MineSanta CruzArgentina" dated August 15, 2014 with an effective date of December 31 2013, prepared by Eugene Puritch, P.Eng., David Burga, P.Geo., Alfred Hayden, P.Eng., James L. Pearson, P.Eng., and Fred H. Brown, P.Geo., James K. Duff, P.Geo.,  all of whom are qualified persons and all of whom except James K. Duff, are independent of McEwen Mining, each as defined by NI 43-101. To access the report click here.

Los Azules resource estimates on this page were derived from the news release titled “McEwen Mining's Los Azules Copper Project Continues to Grow!” released on May 15, 2013 by McEwen Mining. To access the news release click
here.

El Gallo resource estimates on this page was derived from the technical report titled "Resource Estimate for the El Gallo Complex, Sinaloa State, Mexico" dated August 30, 2013 with an effective date of June 30, 2013, prepared by John Read, C.P.G., and Luke Willis, P. Geo. Both Mr. Read and Mr. Willis are not considered independent of the Company as defined in Section 1.5 of NI 43-101. To access the report click here.

Gold Bar technical information on this page was derived from the technical report titled “NI 43-101 Technical Report on Resources and Reserves Gold Bar Project, Eureka County, Nevada” dated February 24, 2012 with an effective date of November 28, 2011, prepared by J. Pennington, C.P.G., MSc., Frank Daviess, MAusIMM, Registered SME, Eric Olin,, MBA, RM-SME, MSc, Herb Osborn, P.E, Joanna Poeck, MMSA, B. Eng., Kent Hartley P.E. Mining, SME, BSc, Mike Levy, P.E, P.G, MSc., Evan Nikirk, P. E., Mark Allan Willow, M.Sc, C.E.M. and Neal Rigby, CEng, MIMMM, PhD, all of whom are qualified persons and all of whom are independent of McEwen Mining, each as defined by NI 43-101. To access the report click here.

Tonkin resource estimates on this page were derived from a report titled "Technical Report on the Tonkin Project" with an effective date of May 16, 2008 prepared by Alan C. Noble, P.E., Ore Reserves Engineering, Richard Gowans, Micon International and Steven Brown, US Gold Corporation. Mr. Noble and Mr. Gowans are independent of US Gold Corporation and a Qualified Person as defined by NI 43-101. To access the report click here.

Limo resource estimates on this page were derived from a report titled "NI 43-101 Technical Report for the Limousine Butte Project, White Pine County, Nevada" with an effective date of July 1, 2009 prepared by John Welsh, P. Eng., Kim Drossulis, Senior Engineer, Jonathan Brown, M.B.A., C.P.G., Doug Willis, Geologist, Christine Ballard, Project Geotechnical Engineer, Eric Haddox, P. Eng. Each of the report authors is independent of US Gold Corporation and a Qualified Person as defined by NI 43-101.

All resource and reserve estimates reported by McEwen Mining Inc. are calculated in accordance with 43-101 and the Canadian Institute of Mining and Metallurgy Classification system. These standards differ significantly from the requirements of the U.S. Securities and Exchange Commission. Mineral resources which are not mineral reserves do not have demonstrated economic viability.


Reserves and Resources

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