Copper $ 2.60 +0.05 +1.84% Volume: 450 June 21, 2017
Silver $ 16.61 +0.08 +0.49% Volume: June 22, 2017
Gold $ 1,249.30 +2.00 +0.16% Volume: June 22, 2017
TSX: MUX $ 3.50 +0.07 +2.04% Volume: 369,735 June 22, 2017
NYSE: MUX $ 2.65 +0.07 +2.52% Volume: 2,242,783 June 22, 2017
1,243.40 +2.40 +0.19% Volume: 75 Pricing delayed 20 minutes June 21, 2017 11:10 PM
Operations
Operations

San José Mine – Argentina (49% Ownership)

The tables below summarize the Mineral Reserve and Mineral Resource estimates for the San José Mine on a 100% basis at December 31, 2016. McEwen Mining has a 49% attributable  interest.

Silver Resources

  Tonnes
(millions)
Grams per tonne Ounces
(000s)
Measured 1.6
564 29,900
Indicated 1.9 404 24,600
Measured and Indicated 3.5 479
54,500
Inferred 1.0 404   13,500

Gold Resources

  Tonnes
(millions)
Grams per tonne Ounces
Measured 1.6
8.20 434,000
Indicated 1.9 6.26 381,000
Measured and Indicated 3.5 7.16 815,000
Inferred 1.0 6.40 214,000

Silver Reserves

  Tonnes
(millions)
Grams per tonne Ounces
(000s)
Proven 1.2 502 18,800
Probable 0.6 401
    8,400
Proven and Probable 1.8 465 27,200

Gold Reserves

  Tonnes
(millions)
Grams per tonne Ounces
Proven 1.2 7.34 274,000
Probable 0.6 6.57 138,000
Proven and Probable 1.8 7.06 412,000
Mineral resources are inclusive of mineral reserves. San José resources and reserves estimates on this page were derived from the news release titled "McEwen Mining Reports 2016 Full Year and Q4 Results" dated March 1, 2017. 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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