McEwen Mining (NYSE: MUX) (TSX: MUX) is an asset-rich, diversified gold and silver producer in the Americas. “McEwen Mining is positioned to help address the rising demand for copper [related to the renewable energy transition] through its subsidiary, McEwen Copper, owner of the Los Azules deposit in Argentina. Los Azules is believed to be the 9th largest undeveloped copper resource in the world and, according to McEwen Mining and McEwen Copper, could easily be the world’s next copper unicorn,” explains a recent article. “In a 2017 PEA, Los Azules was designed to be an open pit mine with a 36-year life. However, indications are that the project could become even larger with a longer life since only 55% of the known copper resources are to be mined. Numerous drill holes have shown strong copper mineralization extending below the designed pit bottom. The average annual production for the first 13 years in the 2017 PEA expects production to average 415 million pounds of copper – the price of copper today is over $4.00 per pound… Following its most recent capital raise, McEwen Copper is well funded to advance the Los Azules Project and expects the publication of an updated PEA during H1 2023.”
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About McEwen Mining Inc.
McEwen Mining is a gold and silver producer with operations in Nevada, Canada, Mexico and Argentina. In addition, it owns approximately 52% of McEwen Copper, which owns the large, advanced-stage Los Azules copper project in Argentina. The company’s goal is to improve the productivity and life of its assets with the objective of increasing its share price and providing a yield. McEwen’s chair and chief owner has personally provided the company with $220 million and takes an annual salary of $1. To learn more about the company, visit www.McEwenMining.com.
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