The transaction closed today and included the Black Fox underground gold mine, stock mill, workforce, and nearby Grey Fox and Froome development projects.
McCloskey expands their presence in New England
Mr. Ochoa is a seasoned executive, bringing more than 25 years of operational experience to the McEwen team and will be instrumental in the continued growth and development of our projects.
The acquisition fits with the company's strategy of investing in opportunities that have the possibility to extend the life of existing mines.
The Afgan-Kobeh property is close to the miner's Gold Bar Complex, which is expected to begin development in 2017.
Rob is the former founder of gold producing giant, Goldcorp, and has now built his second company McEwen Mining which is a precious metals producer in the Americas.
Among hightlights, 22% increase in production year-over-year to 154,529 gold equivalent ounces(1) in 2015.
Colin is a Chartered Professional Accountant with over 20 years of financial and operational experience.
"Completion of this Feasibility Study is an important milestone. I believe Gold Bar will be the next mine we put into production".
McEwen Mining Inc. is pleased to announce Q4 and 2014 full-year production results.
McEwen mining files early warning report in connection with private placement in Visible Gold Mines Inc.
McEwen Mining Inc. has subscribed, by way of a private placement, 8,333,333 common share units (the “Units”) of Visible Gold Mines Inc. (“Visible Gold”) at a price of $0.06 per Unit for an aggregate amount of $500,000.