The objective of McEwen Mining is to qualify for inclusion in the S&P 500 by 2015 by creating a high-growth gold producer focused in the Americas. McEwen Mining's principal assets consist of the following:
- Production: A 49% interest in Minera Santa Cruz SA, owner of the San José silver-gold mine that is located near Goldcorp's Cerro Negro project in Argentina; and Phase I of the El Gallo complex in Sinaloa, Mexico.
- Development: Phase II of the El Gallo complex in Sinaloa, Mexico; The Gold Bar project in Nevada; as well as the Los Azules copper deposit in San Juan, Argentina.
- Exploration: The Company has a large portfolio of exploration properties in Santa Cruz province Argentina, surrounding the San José mine and Goldcorp's Cerro Negro project in addition to significant land packages in Nevada adjoining Barrick's Cortez mine and surrounding our El Gallo complex in Mexico.
has 297,090,359 shares issued and outstanding.
, Chairman, President and Chief Owner, owns 25% of the shares of the Company (assuming all outstanding Exchangeable Shares are exchanged for an equivalent amount of Common Shares). As of March 31, 2013
, McEwen Mining
had cash and liquid assets of approximately US$55 million
and is debt free.