Copper $ 2.22 -0.02 -0.81% Volume: July 25, 2016
Silver $ 19.69 +0.13 +0.66% Volume: July 26, 2016
Gold $ 1,321.82 +6.18 +0.47% Volume: July 26, 2016
TSX: MUX $ 4.87 +0.00 +0% Volume: 539,100 July 25, 2016
NYSE: MUX $ 3.69 +0.00 +0% Volume: 3,633,500 July 25, 2016
1,321.82 +6.18 +0.47% Volume: Pricing delayed 20 minutes July 26, 2016 6:05 AM
Operations
Operations

San José Mine – Argentina (49% Ownership)


Silver Resources

  Tonnes
(millions)
Grams per tonne Ounces
Measured 1.0
575 18,032,000
Indicated 1.2 395
15,288,000
Measured and Indicated 2.2
476
33,320,000
Inferred 0.8 390   9,408,000

Gold Resources

  Tonnes
(millions)
Grams per tonne Ounces
Measured 1.0
8.33 261,268
Indicated 1.2 5.69 219,961
Measured and Indicated 2.2 6.88 481,229
Inferred 0.8 6.06 146,363

Silver Reserves

  Tonnes
(millions)
Grams per tonne Ounces
Proven 0.6 521 10,096,000
Probable 0.3 414
4,263,000
Proven and Probable 0.9 484 14,357,000

Gold Reserves

  Tonnes
(millions)
Grams per tonne Ounces
Proven 0.6 7.43 143,962
Probable 0.3 6.51 67,277
Proven and Probable 0.9 7.11 211,239
The numbers above represent resources and reserves net to McEwen Mining' s ownership in San Jose. Mineral resources are inclusive of mineral reserves. Numbers may not add up due to rounding. San José resources and reserves estimates on this page were derived from the news release titled "McEwen Mining Reports 2015 Full Year and Q4 Results" dated March 11, 2016. 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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