NYSE:
MUX

$8.46
-0.14 -1.63% Volume: 1,000,212 March 18, 2024
TSX:
MUX

$11.46
-0.22 -1.88% Volume: 23,175 March 18, 2024

Resources & Reserves

Gold Resources

View

MEASURED INDICATED MEASURED + INDICATED INFERRED
Au
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%) 0.9 7.89 218,000 0.5 5.68 89,000 1.3 7.09 307,000 0.9 5.58 164,000
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                        
Heap Leach Material 8.8 0.59 167,000 1.2 0.60 23,000 10.0 0.59 190,000 0.1 0.66 3,000
El Gallo Silver 1.0 0.08 3,000 3.5 0.13 15,000 4.5 0.12 18,000 0.1 0.14 300
US                        
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
Cabin - - - 0.4 0.81 10,000 0.4 0.81 10,000 - - -
Gold Bar South - - - 2.3 0.99 74,000 2.3 0.99 74,000 0.3 1.06 11,000
Pick - - - 12.6 0.91 368,000 12.6 0.91 368,000 1.0 0.85 27,000
Ridge - - - 1.4 0.89 39,000 1.4 0.89 39,000 0.7 0.65 14,000
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                        
Davidson Tisdale Main Open Pitt 0.5 2.44 36,000 0.2 2.43 14,000 0.6 2.44 49,000 - - -
Buffalo Ankerite Open Pit - - - 3.8 2.37 293,000 3.8 2.37 293,000 2.7 2.31 203,000
Paymaster Open Pit - - - 2.8 1.61 145,000 2.8 1.61 145,000 0.8 1.61 43,000
Davidson Tisdale Main Underground 0.02 6.64 4,000 0.04 4.91 6,000 0.6 5.43 10,000 0.1 4.20 10,000
Davidson Tisdale S-Zone Underground 0.3 5.50 60,000 0.4 4.52 60,000 0.7 4.96 120,000 0.4 4.68 58,000
Buffalo Ankerite Underground - - - 3.3 4.76 500,000 3.3 4.76 500,000 2.8 4.05 367,000
Paymaster Underground - - - - - - - - - 0.1 6.14 26,000
Fuller - - - 1.1 4.25 157,000 1.1 4.25 157,000 0.7 3.41 76,000
Black Fox Mine 0.4 5.35 64,000 0.1 5.06 19,000 0.5 5.28 84,000 0.2 5.32 41,000
Tamarack - - - 0.8 1.83 46,000 0.8 1.83 46,000 - - -
Grey Fox - - - 7.6 4.80 1,168,000 7.6 4.80 1,168,000 1.7 4.35 236,000
Froome Underground 0.8 4.47 113,000 0.6 3.92 81,000 1.4 4.22 194,000 0.28 3.32 29,000
Stock West - - - 1.2 3.83 144,000 1.2 3.83 144,000 1.05 3.30 111,000
Stock East
Open Pit
- - - 2.0 1.26 83,000 2.0 1.26 83,000 0.3 0.91 8,000
Stock East
Underground
- - - 0.4 3.19 38,000 0.4 3.19 38,000 - - -
TOTAL     1,808,000     5,774,000     7,583,000     5,589,000

Silver Resources

View

MEASURED INDICATED MEASURED + INDICATED INFERRED
Ag 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%) 0.9 484 13,359,000 0.5 335 5,278,000 1.3 429 18,599,000 0.9 345 10,115,000
Los Azules - - - 962.0 2 55,700,000 962.0 2 55,700,000 2,666.0 2 135,400,000
Mexico                        
Heap Leach Material 8.8 2 451,000 1.2 2 67,000 10.0 2 518,000 0.1 2 7,000
El Gallo Silver 1.0 155 4,791,000 3.5 127 14,228,000 4.5 133 19,019,000 0.1 129 286,000
US                        
New Pass (50%) 5.0 8 1,320,000 0.1 3 7,000 5.1 8 1,326,000 - - -
Canada                        
Tamarack - - - 0.8 26 663,000 0.8 26 663,000 - - -
TOTAL     19,920,000     75,942,000     95,825,000     145,808,000

Copper Resources

View

MEASURED INDICATED MEASURED + INDICATED INFERRED
Cu
Resources
Tonnes
(millions)
%
Cu
Cu
(millions lb)
Tonnes
(millions)
%
Cu
Cu
(millions lb)
Tonnes
(millions)
%
Cu
Cu
(millions lb)
Tonnes
(millions)
%
Cu
Cu
(millions lb)
Argentina                        
Los Azules - - - 962.0 0.48 10,200 962.0 0.48 10,200 2,666.0 0.33 19,300

Lead Resources

View

MEASURED INDICATED MEASURED + INDICATED INFERRED
Pb Resources  Tonnes (millions) % Pb Contained Pb (t) Tonnes (millions) % Pb Contained Pb (t) Tonnes (millions) % Pb Contained Pb (t) Tonnes (millions) % Pb Contained Pb (t)
Canada                        
Tamarack - - - 0.8 1.08 8,000 0.8 1.08 8,000 - - -

Zinc Resources

View

MEASURED INDICATED MEASURED + INDICATED INFERRED
Zn Resources  Tonnes (millions) % Zn Contained Zn (t) Tonnes (millions) % Zn Contained Zn (t) Tonnes (millions) % Zn Contained Zn (t) Tonnes (millions) % Zn Contained Zn (t)
Canada                        
Tamarack - - - 0.8 3.29 26,000 0.8 3.29 26,000 - - -

Gold Reserves

View

Proven Probable Proven + Probable
Au
Reserves
Tonnes
(millions)
Grams per
tonne
Ounces Tonnes
(millions)
Grams per
tonne
Ounces Tonnes
(millions)
Grams per
tonne
Ounces
US                  
Gold Bar South - - - 1.9 1.05 66,000 1.9 1.05 66,000
Pick - - - 12.6 0.80 324,000 12.6 0.80 324,000
Ridge - - - 1.1 0.87 30,000 1.1 0.87 30,000
Argentina                  
San José (49%) 0.4 6.73 86,000 0.1 5.46 16,000 0.5 6.49 102,000
Mexico                  
Heap Leach Material 8.9 0.52 149,000 1.2 0.52 20,000 10.1 0.52 170,000
El Gallo Silver 0.7 0.05 1,000 3.7 0.13 16,000 4.4 0.12 17,000
Canada                  
Black Fox 0.1 3.96 4,000 0.1 4.10 9,000 0.1 4.05 14,000
TOTAL
(included in Resources)
    241,000     481,000     723,000

Silver Reserves

View

Proven Probable Proven + Probable
Ag
Reserves 
Tonnes
(millions)
Grams per
tonne
Ounces  Tonnes
(millions)
Grams per
tonne
Ounces Tonnes
(millions)
Grams per
tonne
Ounces
Argentina                  
San José (49%) 0.4 409 5,251,000 0.1 354 1,043,000 0.5 399 6,298,000
Mexico                  
Heap Leach Material 8.9 2 451,000 1.2 2 67,000 10.1 2 518,000
El Gallo Silver 0.7 166 3,708,000 3.7 127 15,017,000 4.4 133 18,725,000
Total
(included in Resources)
    9,410,000

16,127,000

25,541,000

Below are presented the references for McEwen Mining's Resources and Reserves. To access the latest technical reports for our projects please visit our Reports & Filings page.

Fox Complex resource and reserve estimate for the Black Fox Mine was derived from the press release titled “MCEWEN MINING: 2021 Outlook and 2020 Year End and Q4 Results” published on March 11, 2021. To access the press release, click here.

Fox Complex resource estimate for the Tamarack project was derived from the press release titled “McEwen Mining Announces Potential New Source of Revenue at the Black Fox Complex” published on May 24, 2018. The resource estimate was prepared by Dr. Aleksandr Mitrofanov, P Geo of SRK Consulting, (Canada) Ltd. To access the press release click here.

Fox Complex resource estimates for the Grey Fox project were derived from the press release titled “McEwen Mining: Fox PEA – Higher Production, Longer Life” published on Jan 26, 2022. To access the press release, click here.

Fox Complex resource estimate for the Fuller project was derived from the press release titled “McEwen Mining: Fox PEA - Higher Production, Longer Life” published on Jan 26, 2022. To access the press release click here.

Fox Complex resource estimate for the Froome project was derived from the press release titled “McEwen Mining: Fox PEA - Higher Production, Longer Life” published on Jan 26, 2022. To access the press release click here.

Fox Complex resource estimate for the Stock East project was derived from the press release titled “McEwen Mining Reports 2019 Full Year and Q4 Results” published on March 16, 2020. To access the press release, click here.

Fox Complex resource estimate for the Stock West project was derived from the press release titled “McEwen Mining: Fox PEA - Higher Production, Longer Life” published on Jan 26, 2022. To access the press release click here.

Gold Bar resource and reserve estimates for Cabin, Ridge, Pick and Gold Bar South were derived from the press release titled “MCEWEN MINING: 2021 Outlook and 2020 Year End and Q4 Results” published on February 16, 2021. To access the press release, click here.

El Gallo Complex resource and reserve estimates for Heap Leach Material and El Gallo Silver were derived from the press release titled "McEwen Mining: Fenix Project Feasibility Study Report Filed” published on December 31, 2020. To access the press release click here.

Limo resource estimates 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.

New Pass resources estimates on this page were derived from the technical report titled “NI 43-101 Technical Report for the New Pass Project, Churchill County, Nevada” published on December 23, 2009. The estimates were prepared by Telesto Nevada Inc. To access the report click here.

San José resources and reserves estimates on this page were derived from the press release titled “MCEWEN MINING: 2021 Outlook and 2020 Year End and Q4 Results” published on March 11, 2021. To access the press release, click here.

Lexam 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 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