Copper $ 2.03 +0.03 +1.45% Volume: February 12, 2016
Silver $ 15.74 -0.02 -0.13% Volume: February 12, 2016
Gold $ 1,238.55 -8.47 -0.68% Volume: February 12, 2016
TSX: MUX $ 2.20 -0.04 -1.79% Volume: 148,884 February 12, 2016
NYSE: MUX $ 1.59 -0.02 -1.24% Volume: 1,958,030 February 12, 2016
1,238.55 -8.47 -0.68% Volume: Pricing delayed 20 minutes February 12, 2016 3:26 PM

San José Mine – Argentina (49% Ownership)

High Grade + Long Life Asset

The San José mine (49% McEwen Mining and 51% Hochschild Mining) is an underground operation located approximately 20 km north of Goldcorp’s Cerro Negro project in the northwest corner of the Deseado Massif region of Santa Cruz Province, Argentina.

McEwen Mining's share of production from San José in 2014 was 46,139 gold ounces and 3,169,821 silver ounces. Production in 2015 is forecast to be 46,500 gold ounces and 3,100,000 silver ounces. For the 9 months ending September 30, 2015 production at  San José  was of 32,929 gold ounces and 2,308,872 silver ounces.

Key Operational Facts

Location Santa Cruz Province, Argentina
Workforce 1,400 (including contractors)
Estimated Mine Life 10 years
Mining Type Underground
Processing Method Grinding and floatation
Milling/Processing Capacity 1650 tonnes per day
2014 Production  94,161 gold ounces and 6.5 million silver ounces

San José technical information on this page were derived from: (1) 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. And (2) a news release titled “McEwen Mining Reports Record Production in 2014” released on January 15, 2015 by McEwen Mining Inc. To access the news release click here.

Cautionary Notes
McEwen Mining reports its resource estimates in accordance with standards of the Canadian Institute of Mining, Metallurgy and Petroleum referred to in Canadian National Instrument 43-101 ("NI 43-101"). These standards are different from the standards generally permitted in reports filed with the SEC. Under NI 43-101, McEwen Mining reports measured, indicated and inferred resources, measurements which are generally not permitted in filings made with the SEC. According to Canadian NI 43-101 criteria, the estimation of measured resources and indicated resources involve greater uncertainty as to their economic feasibility than the estimation of proven and probable reserves. Under SEC Industry Guide 7 criteria, measured, indicated and inferred resources are considered Mineralized Material. The SEC considers that in addition to greater uncertainty as to the economic feasibility of Mineralized Material compared to proven and probable reserves, there is also greater uncertainty as to the existence of Mineralized Material. U.S. investors are cautioned not to assume that measured or indicated resources will be converted into economically mineable reserves. The estimation of inferred resources involves far greater uncertainty as to their existence and economic viability than  the estimation of other categories of resources. 

Mineral resources which are not mineral reserves do not have demonstrated economic viability.

This website contains certain forward-looking statements and information and investors are encouraged to review our Cautionary Note Regarding Forward Looking Statement and our disclaimer regarding Reliability of Information San Jose Mine / Minera Santa Cruz S.A.

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