Home > Mining Companies > McEwen Mining Inc. > News > McEwen Mining: Registered...
McEwen Mining Inc.

McEwen Mining: Registered Direct Offering of Common Stock Completed & Closed

Feb 9, 2021
TORONTO, Feb. 09, 2021 (GLOBE NEWSWIRE) -- McEwen Mining Inc. (the “Company” or “McEwen”) (NYSE and TSX: MUX), reports that it has closed the previously announced registered direct offering of common shares for aggregate gross proceeds of US$31.5 million.
 
“I deeply regret being in a position where we had to finance at this price, a price well below what I believe to be our real value. However, the timing of this financing was critical for two key reasons: One, it completes the funding required to bring the Froome deposit into production later this year. Froome is our production bridge to the future growth of the Fox Complex, where we see potential for significantly higher gold production, lower cost per ounce and a much longer mine life; and Two, it strengthens our balance sheet and working capital position, which will help address our going concern note and debt covenants.
I do take some solace from the fact that there was big demand for the offering, of over $120 million, and this is an expression of confidence by investors in our company’s future,” said Rob McEwen, Chairman & Chief Owner.
 
Cantor Fitzgerald & Co. and Roth Capital Partners, LLC acted as exclusive co-placement agents for the Offering in the United States and internationally (except Canada).
 
The shares of common stock described above were offered in the United States pursuant to an effective “shelf” registration statement (File No. 333-224476) that was filed with the Securities and Exchange Commission (the “SEC”) and declared effective on July 6, 2018, and a prospectus supplement dated February 5, 2021. The prospectus supplement and accompanying prospectus are available on the SEC’s website at http://www.sec.gov and may also be obtained from Cantor Fitzgerald & Co., Attention: Capital Markets, 499 Park Ave., 6th Floor, New York, New York 10022, or by telephone at (212) 829-7122, or by e-mail at prospectus@cantor.com, and from Roth Capital Partners at 888 San Clemente Drive, Suite 400, Newport Beach, CA 92660, or by telephone at (800) 678-9147.
 
ABOUT MCEWEN MINING
 
McEwen Mining is a diversified gold and silver producer and explorer focused in the Americas with operating mines in Nevada, Canada, Mexico and Argentina. It also owns a large copper deposit in Argentina.
 

Source: https://www.mcewenmining.com/investor-relations/press-releases/press-release-details/2021/McEwen-Mining-Registered-Direct-Offering-of-Common-Stock-Completed--Closed/default.aspx

Socio comercial de Recursos Humanos - Argentina

El Socio Comercial de Recursos Humanos supervisará todos procesos de reclutamiento y todas las actividades de recursos humanos para las operaciones existentes y los nuevos proyectos en Argentina. 

Global Procurement Lead

The Global Procurement Lead will oversee all procurement and supply chain activities for existing operations and new projects, to develop and execute strategic sourcing aligned with McEwen’s overall spend. 

Senior Data Analyst
We are looking for a dynamic, self-motivated professional with a passion for data. This analytical and data expert needs to establish McEwen’s analytical reporting platform in PowerBi / SQL Databases, as well as work closely in the integration between our various platforms and data sources.
Security Guard

The Security Guard, reporting directly to the Security Supervisor, is responsible for operating the mine security gate house and monitoring all activity coming on or leaving the mine site.

Mill Manager

The Mill Manager’s main responsibility is to ensure the safe and economical operation of the milling and metallurgical department.

Sample Preparation Technician x 2

Primary responsibility of a Sample Preparation Technician is to perform sample preparation of underground drill core, chips and muck samples as well as other duties given by the Shift Crew Leader during the course of a shift.

Refiner/Metallurgical Technician

Reporting to the Chief Metallurgist, the Refiner/Metallurgical Technician will ensure the safe, secure, efficient, and cost-effective operation and maintenance of the refinery to meet or exceed safety, production and cost targets, while ensuring environmental compliance.

Mill Supervisor
• Provide technical support and direction for the Mill team.
• Implementation of standards.
• Plant testing programs and operational parameters.
Multiple Mill Operator Positions

As an integral part of the McEwen Mining Mill Operations team, the Mill Operators will efficiently perform all required duties while maintaining a safe and collaborative work environment.

Senior Project Engineer

Reporting to the Manager of Technical Services, the Senior Project is responsible to assist in leading the Engineering department in the design and scheduling of the underground mine development.