NYSE:
MUX

$2.45
+0.07 +2.94% Volume: 2,373,215 July 20, 2018
TSX:
MUX

$3.21
+0.04 +1.26% Volume: 143,735 July 20, 2018

Reserves & Resources

Gold Resources

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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) 0.8 8.37 208,000 0.8 6.76 176,000 1.6 7.55 385,000 0.4 6.68 92,000
Los Azules        962.0 0.06 1,700,000 962.0 0.06 1,700,000 2,666.0 0.04 3,800,000 
Mexico                        
El Gallo Mine 2.4 2.14 167,000 1.4 2.24 100,100 3.8 2.18 267,000 0.1 1.67 3,700
El Gallo Silver 25.0 0.10 79,000 9.3 0.41 123,000 34.3 0.18 202,000 8.5 0.24 67,000
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) 2.5 1.20 98,000 21.3
0.93 632,000 23.9 0.96 730,000 4.4 0.86 120,000
New Pass (50%) 5.0 0.97 156,000 0.1 0.59 1,000 5.1 0.97 157,000


Limo 5.9 0.89 168,000 3.7 0.61 73,000 9.6 0.78 241,000 2.2 0.70 51,000
Canada                        
Timmins, Open Pit 0.5 2.44 36,000 12.1 1.89 741,000 12.6 1.91 777,000 6.3 1.79 358,000
Timmins, Underground 0.4 5.56 64,000 4.1 4.82 628,000 4.4 4.88 692,000 4.2 4.35 596,000
Black Fox Underground - - - 2.1 7.80 538,000 2.1 7.80
538,000
0.2
6.35
 44,000
Froome Underground
- - - 0.9 5.26 159,000  0.9 5.26 159,000 0.1 4.70 19,000
Grey Fox Underground - - - 2.2 6.64 465,000 2.2
6.64
465,000
 0.5 6.83 100,000
Total     1,794,000     5,964,000     7,759,000     5,561,000

Silver Resources

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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) 0.8 583 14,504,000 0.8 427 11,123,000 1.6 503 25,627,000 0.4 360
4,949,000
Los Azules       962.0 2 55,700,000 962.0 2 55,700,000 2,666.0 2 135,400,000
Mexico                        
El Gallo Mine 2.4 7 579,000 1.4 8 337,000 3.8 7 915,000 0.1 12 26,000
El Gallo Silver 25.0 67 53,778,000 9.3 34 10,103,000 34.3 58 63,881,000 8.5 53 14,482,000
Nevada                        
New Pass (50%) 5.0 8 1,320,000 0.1 3 7,000 5.1 8 1,326,000


Total     70,180,000     77,269,000

147,449,000

154,856,000

Copper Resources

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MEASURED INDICATED MEASURED + INDICATED INFERRED
43-101 COPPER RESOURCES TONNES (MILLIONS) % COPPER POUNDS (MILLIONS) TONNES (MILLIONS) % COPPER POUNDS (MILLIONS) TONNES (MILLIONS) % COPPER POUNDS (MILLIONS) TONNES (MILLIONS) % COPPER POUNDS (MILLIONS)
Argentina                        
Los Azules


962 0.48 10,200 962 0.48 10,200 2,666 0.33 19,300
Total    
    10,200     10,200     19,300

Gold Reserves

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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 2.0 1.27 83,000 12.9 0.96
401,000 15.0 0.99 485,000
Argentina                   
San José (49%) 0.5 6.99 107,000 0.2 6.74 46,000 0.7 6.92 153,000
Canada                   
Black Fox - - - 0.4 8.88 113,000 0.4 8.88 113,000
Total     190,000

560,000

751,000

Silver Reserves

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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%) 0.5 490
7,497,000 0.2 384
2,646,000 0.7 457 10.143,000
Total     7,497,000     2,646,000     10,143,000

Black Fox Complex resource estimates on this page were derived from the technical report titled “Technical Report for the Black Fox Complex, Canada” with an effective date April 6, 2018 prepared by Dr. Aleksandr Mitrofanov, PGeo., (SRK Consulting (Canada) Inc.), Michael Selby, PEng., (SRK Consulting (Canada) Inc.) Jeff Martin, PEng., (EcoMetrix Inc.), Dr. David Machuca, PEng (SRK Consulting (Canada) Inc.), Dr. Nathan Stubina, PEng., (McEwen Mining Inc.), Nigel Fung, PEng., (McEwen Mining Inc.),
Eric Alexander, PGeo, (McEwen Mining Inc.), Glen Cole, PGeo (SRK Consulting (Canada) Inc.). Contributing Authors, Steven Scott, PGeo, Ali Gelinas, PGeo., Jacob Francoeur, PEng., David Campsall and James Montague. To access the report click here.

Gold Bar technical information on this page was derived from: (1) the technical report titled “Form 43-101F1 Technical Report Feasibility Study Eureka County, Nevada” dated November 8, 2017 with an effective date of March 30, 2018, prepared by Daniel Roth, Benjamin Bermudez, Joseph McNaughton, J.B. Pennington, Justin L. Smith, Daniel H. Sepulveda, Ryan Baker, 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.

El Gallo 1 resource 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.

El Gallo 2 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.

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. To access the report click here.

Los Azules resource estimates on this page were derived from the technical report titled “NI 43-101 Technical Report-Preliminary Economic Assessment Update for the Los Azules Project, Argentina” with an effective date September 1, 2017, prepared by Donald Brown, C.P. Eng., (McEwen), Michael Bunyard, C. Eng., FAusIMM (Hatch Ltd), Bruce Davis, FAusIMM (BD Resource Consulting Inc), James Duff, P. Geo. (McEwen), Robert Duinker, P. Eng., MBA (Hatch Ltd), James Farrell, P. Eng. (Hatch Ltd), William Rose, P. E. (WLR Consulting Inc), Keith Seddon, C.P.Eng. (ATC Williams Pty Ltd), Robert Sim, P. Geo (SIM Geological Inc).  Each of the report authors is a Qualified Person as defined by NI 43-101 and  Messrs. Bunyard, Davis, Duinker, Farrell, Rose, Seddon, Sim are independent of McEwen Mining Inc. To access the report click here.

San José resources and reserves estimates on this page were derived from the news release titled "McEwen Mining Reports 2017 Full Year and Q4 Results" dated February 22, 2018. To access the news release click here.

Timmins resource estimates on this page were derived from a report titled "Technical Report and Updated Resource Estimate on the Buffalo Ankerite, Fuller, Paymaster and Davidson Tisdale Gold Deposits - Porcupine Mining Division, Northeastern Ontario, Canada" with an effective date of June 1, 2013 prepared by Dr. Wayne Ewert, P.Geo., Mr. Eugene Puritch, P.Eng., Ms. Tracy Armstrong, P.Geo., Mr. Yungang Wu, P.Geo., Mr. Antoine Yassa, P.Geo., Mr. Richard Routledge, P.Geo. (P & E Mining Consultants Inc.), Ms. Katharine Masun, P.Geo., Mr. Tudorel Ciuculescu, P.Geo. (Roscoe Postle Associates Inc.). Dr. Ewert, Mr. Puritch, Ms. Armstrong, Mr. Wu, Mr. Yassa, Mr. Routledge, Ms. Masun, Mr. Ciuculescu are independent of Lexam VG Gold and a Qualified Person 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.

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