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This article was published by IBN, a multifaceted communications organization engaged in connecting public companies to the investment community.
LOS ANGELES - January 24, 2025 (NEWMEDIAWIRE) - McEwen Mining (NYSE: MUX) (TSX: MUX) concluded 2024 with several pivotal developments that reinforced its position in the mining industry. From securing significant investments to achieving regulatory milestones, the final quarter marked a period of transformative progress for the company.
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McEwen Copper secured a $35 million investment from Nuton, a Rio Tinto venture, to advance the Los Azules project in Argentina.
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Operational efficiencies resulted in a 12% reduction in production costs, showcasing the company's resilience and focus on value creation.
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Promising exploration results at the Grey Fox project opened new opportunities for growth.
One of the most notable highlights was McEwen Copper's additional $35 million investment from Nuton, a Rio Tinto venture, announced in December. This funding bolsters the development of the Los Azules copper project in Argentina, a cornerstone asset for McEwen Mining through its 46.4% stake in
Forward-Looking Statements
Certain statements in this article are forward-looking, as defined in the Private Securities Litigation Reform Act of 1995. These statements involve risks, uncertainties, and other factors that may cause actual results to differ materially from the information expressed or implied by these forward-looking statements and may not be indicative of future results. These forward-looking statements are subject to a number of risks and uncertainties, including, among others, various factors beyond management's control, including the risks set forth under the heading "Risk Factors" discussed under the caption "Item 1A. Risk Factors" in Part I of the Company's most recent Annual Report on Form 10-K or any updates discussed under the caption "Item 1A. Risk Factors" in Part II of the Company's Quarterly Reports on Form 10-Q and in the Company's other filings with the SEC. Undue reliance should not be placed on the forward-looking statements in this article in making an investment decision, which are based on information available to us on the date hereof. All parties undertake no duty to update this information unless required by law.
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