Copper $ 2.32 -0.07 -2.93% Volume: September 4, 2015
Silver $ 14.62 -0.10 -0.68% Volume: September 4, 2015
Gold $ 1,119.37 -6.37 -0.57% Volume: September 4, 2015
TSX: MUX $ 1.12 +0.00 +0% Volume: 8,300 September 3, 2015
NYSE: MUX $ 0.85 +0.01 +0.71% Volume: 42,676 September 4, 2015
1,119.37 -6.37 -0.57% Volume: Pricing delayed 20 minutes September 04, 2015 10:24 AM
Operations
Operations

San José Mine – Argentina (49% Ownership)


Silver Resources

  Tonnes
(millions)
Grams per tonne Ounces
Measured 0.9 589 17,444,000
Indicated 1.3 390 16,674,700
Measured and Indicated 2.3 472 34,118,700
Inferred 0.9 380  10,422,300

Gold Resources

  Tonnes
(millions)
Grams per tonne Ounces
Measured 0.9 8.19 242,550
Indicated 1.3 5.83 249,263
Measured and Indicated 2.3 6.79 491,813
Inferred 0.9 6.21 170,324

Silver Reserves

  Tonnes
(millions)
Grams per tonne Ounces
Proven 0.6 520 10,025,400
Probable 0.3 365 4,071,900
Proven and Probable 0.9 463 14,092,400

Gold Reserves

  Tonnes
(millions)
Grams per tonne Ounces
Proven 0.6 7.15 137,886
Probable 0.3 6.09 67,914
Proven and Probable 0.9 6.76 205,751
The numbers above represent resources and reserves net to McEwen Mining' s ownership in San Jose. 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 First Quarter Operating & Financial Results" dated May 11, 2015. 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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