IBN Announces Latest Episode of The MiningNewsWire Podcast featuring Rob McEwen, Chairman and Chief Owner of McEwen Mining Inc.
June 13 2024 - 7:00AM
via IBN – IBN, a multifaceted communications organization engaged
in connecting public companies to the investment community, is
pleased to announce the release of the latest episode of The
MiningNewsWire Podcast as part of its sustained effort to
provide specialized content distribution via widespread syndication
channels.
The MiningNewsWire Podcast features revealing sit-downs with
executives who are shaping the future of the global mining
industry. The latest episode features Rob McEwen, Chairman and
Chief Owner of McEwen Mining Inc. (NYSE: MUX) (TSX: MUX), which is
an asset rich diversified gold and silver producer in the Americas
with a large exposure to copper through its McEwen Copper
subsidiary.
To begin the interview, McEwen discussed his extensive
background in the mining sector.
“When I was 10 and 11, my father had me charting stocks; he was
in the investment industry. At 12, I made my first investment.
Around the dining room table, there were discussions of
investments, and one particular area was gold and gold shares,”
McEwen said. “I followed him into the investment industry after
college… I ran a closed-end investment company and used it to jump
into a hostile takeover battle. I ended up with control of two gold
mining companies and a couple of other companies which, over a
period of eight years, I consolidated into a company called
Goldcorp. We went from a market cap of $50 million to $8 billion,
then I decided to step out. We had $400 million in cash, no debt
and were one of the lowest cost gold producers in the world.”
McEwen next turned his attention toward McEwen Mining’s project
portfolio.
“We have an underground gold mine in Northern Ontario, Canada,
that we call Fox Complex; we have an open pit gold mine in Nevada
called Gold Bar; we have a mine on care and maintenance in Mexico
that we will be reactivating shortly; and we have a joint venture
in southern Argentina, an underground gold and silver mine,
operated by our partner, Hochschild Mining, where we own 49%; we
own 100% of all the others. In addition, we have a very large
copper project that we've been financing and developing
independently of McEwen Mining. McEwen Mining owns 48% of this
project.”
He then examined the mining industry’s reputation relating to
environmental stewardship and detailed McEwen Mining’s efforts to
promote change.
“The mining industry has a horrible reputation with most people;
they view it as a destroyer of the environment. We have this large
copper asset, considered the eighth-largest undeveloped copper
deposit in the world, located in Northern Argentina. We were
looking at how best to develop it, and, two years ago, I asked an
architect who is considered the Steve Jobs of the green building
movement to sit down with our project engineers, our consultants
and our senior management. My instruction to him was to help us
redefine mining, to help us build a mine that will be like a jewel
on the hillside rather than a scar. We aim to reduce its water
usage, power generation and carbon emissions – to develop a
regenerative copper mine. Today, mining is much more careful with
the environment, spending a lot more time and money to protect it
during the operations.”
Join IBN’s Stuart Smith and Rob McEwen, Chairman and Chief Owner
of McEwen Mining Inc., to learn more about the company’s recent
investments and exploration activities.
To hear the whole podcast and subscribe for future episodes,
visit https://podcast.miningnewswire.com.
The latest installment of The MiningNewsWire Podcast continues
to reinforce IBN’s commitment to the expansion of its robust
network of brands, client partners, followers and the
growing IBN Podcast Series. For more than 18 years, IBN has
leveraged this commitment to provide unparalleled distribution and
corporate messaging solutions to 500+ public and private
companies.
To learn more about IBN’s achievements and milestones via a
visual timeline, visit: https://IBN.fm/TimeLine
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 47.7% 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. Rob
McEwen, Chairman and Chief Owner, has personally provided the
company with $220 million and takes an annual salary of $1.
For more information, visit the company’s website at
www.McEwenMining.com
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Forward-Looking Statements
This release contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933, as amended
and Section 21E of the Securities Exchange Act of 1934, as amended.
All forward-looking statements are inherently uncertain as they are
based on current expectations and assumptions concerning future
events or future performance of the company. Readers are cautioned
not to place undue reliance on these forward-looking statements,
which are only predictions and speak only as of the date hereof. In
evaluating such statements, prospective investors should review
carefully various risks and uncertainties identified in this
release and matters set in the company's SEC filings. These risks
and uncertainties could cause the company's actual results to
differ materially from those indicated in the forward-looking
statements.
Corporate Communications
IBNLos Angeles,
Californiawww.InvestorBrandNetwork.com310.299.1717
OfficeEditor@InvestorBrandNetwork.com
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