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News Breaks | | | | March 13, 2013 | | 07:32 EDT |  | MUX | McEwen Mining provides update on Los Azules project
McEwen Mining announced new metallurgical studies that confirmed preliminary work and tested alternative process methods at its 100% owned Los Azules Copper Project in San Juan Province, Argentina. The work was performed by Plenge Metallurgical Laboratory in Lima, Peru and supervised by Samuel Engineering of Denver, Colorado. The tests produced positive results in the three areas all of which should improve the economic returns associated with the project by reducing operating and capital costs, increasing the amount of material available for processing, and reducing export taxes. Test results confirm that a significantly coarser grind size of 175 micrometres can be used on Los Azules mineralized material versus the 125 micrometres used in past testing. This will reduce milling costs and should not negatively impact copper recoveries which have been estimated at approximately 93%. McEwen Mining has begun work on an updated PEA which is expected to be completed in the third quarter of this year. The updated PEA will be based on a significantly larger mineral resource and will evaluate the possibility of increasing the daily throughput. The updated PEA will also incorporate the results of these metallurgical studies. | |
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News For MUX From The Last 14 Days Check below for free stories on MUX the last two weeks. |
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| May 22, 2013 | | 07:27 EDT |  | MUX | Roth Capital to host a conference
 Subscribe for More Information | | | May 16, 2013 | | 08:11 EDT | | MUX | McEwen Mining plans to expand production at El Gallo 1 Mine in Mexico
McEwen Mining announced that the company will be expanding the El Gallo 1 Mine in Sinaloa, Mexico. The company expects this expansion will significantly increase gold production for a small amount of capital. El Gallo 1 mine to be increased from 3,000 to approximately 4,500 tonnes of ore per day. This, along with improvements in ore grade, would increase gold production from an estimated 27,300 ounces in 2013 to approximately 37,500 ounces in 2014 and 75,000 ounces in 2015. Initial capital cost estimated at approximately $5M. No need for debt or equity financing. Growth to be financed internally. El Gallo 2 Alternative: Evaluating potential to ship ore from El Gallo 2 to El Gallo 1, using current heap leaching facilities. Review will focus on silver recoveries -- early column tests returned between 45-62% silver -- and crushing/processing costs. If successful, this would eliminate approximately $170M in CapEx. | | | May 10, 2013 | | 09:00 EDT |  | MUX | McEwen Mining falls 5.7%
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