McEwen Mining Announces Key Additions to Its Operational Team
TORONTO, ONTARIO -- (Marketwire) -- 12/17/12 -- McEwen Mining Inc.
(NYSE:MUX)(TSX:MUX) is pleased to announce that it has strengthened
its operations team with the recent hiring of Fernando Aguilar, as
Operations Manager (Mexico), Luke Willis, as Director Resource
Modeling and Nigel Fung, as Director Mine Planning.
"These key additions strengthen our growing operational team as we
bring on new production in Mexico and Nevada. I am delighted to
welcome Fernando, Luke and Nigel to McEwen Mining. We have large
ambitions and our growing management team will enable us to achieve
our goals," stated Rob McEwen, Chief Owner.
These three individuals bring a wealth of experience to McEwen
Fernando Aguilar prior to joining McEwen Mining, was Goldcorp's
Operations Manager at the Penasquito mine in Mexico, one of the
largest precious metal mines in North America. Fernando performed a
key role during both the construction and commissioning of the
Penasquito mine. Prior to his time spent at Penasquito, he served as
the Mine General Manager at Goldcorp's El Sauzal mine also in Mexico.
Prior to joining Goldcorp, Fernando served as Pan American Silver
Corp.'s Operational Manager at the Alamo Dorado mine in Mexico.
Fernando's experience will be a tremendous asset for McEwen Mining as
the Company completes commissioning of El Gallo Phase 1 and begins
construction of Phase 2.
Luke Willis prior to joining McEwen Mining, served as the Resource
Geologist at Goldcorp's Red Lake mine in northwestern Ontario. The
Red Lake mine is considered to be the highest grade gold mine in the
world. While at Goldcorp, Luke was primarily responsible for
reviewing and publishing geological resource estimates for the mine
and he worked underground on gold grade reconciliation and mining
dilution. Also, Luke served as a Geologist at Barrick Gold's Hemlo
mine in northwestern Ontario. Luke will be responsible for our
resource modeling and estimates.
Nigel Fung joins McEwen Mining from Tetra Tech (formerly Wardrop
Engineering) where he served as a Consulting Mine Engineer. During
his tenure at Tetra Tech, Nigel focused on open pit optimization,
life of mine production schedules and capital and operating costs at
rious projects around the world. Also, Nigel served as Mine
Planning and Project Engineer at IAM Gold's Rosebel Gold mine in
Suriname, which in 2011 produced 385,000 ounces of gold. Nigel will
be responsible for our long range mine planning.
McEwen Mining also wanted to take this opportunity to wish its
shareholders a Merry Christmas and a Golden New Year!
ABOUT MCEWEN MINING (www.mcewenmining.com)
The goal of McEwen Mining is to qualify for inclusion in the S&P 500
by 2015 by creating a high quality, high growth, low-cost, mid-tier
gold producer focused in the Americas. McEwen Mining's principal
assets consist of the San Jose mine in Santa Cruz, Argentina (49%
interest); the El Gallo complex in Sinaloa, Mexico; the Gold Bar
project in Nevada, US; and the Los Azules Copper project in San Juan,
CAUTION CONCERNING FORWARD-LOOKING STATEMENTS
This press release contains certain forward-looking statements and
information, including "forward-looking statements" within the
meaning of the Private Securities Litigation Reform Act of 1995. The
forward-looking statements and information expressed, as at the date
of this press release, McEwen Mining Inc.'s (the "Company")
estimates, forecasts, projections, expectations or beliefs as to
future events and results. Forward-looking statements and information
are necessarily based upon a number of estimates and assumptions
that, while considered reasonable by management, are inherently
subject to significant business, economic and competitive
uncertainties, risks and contingencies, and there can be no assurance
that such statements and information will prove to be accurate.
Therefore, actual results and future events could differ materially
from those anticipated in such statements and information. Risks and
uncertainties that could cause results or future events to differ
materially from current expectations expressed or implied by the
forward-looking statements and information include, but are not
limited to, risks related to business integration as a result of the
business combination between the Company and Minera Andes, factors
associated with fluctuations in the market price of precious metals,
mining industry risks, political, economic, social and security risks
associated with foreign operations, risks associated with the
construction of mining operations and commencement of production and
the projected costs thereof, risks related to litigation, property
title, the state of the capital markets, environmental risks and
hazards, uncertainty as to calculation of mineral resources and
reserves and other risks. Readers should not place undue reliance on
forward-looking statements or information included herein, which
speak only as of the date hereof. The Company undertakes no
obligation to reissue or update forward-looking statements or
information as a result of new information or events after the date
hereof except as may be required by law. See McEwen Mining's Annual
Report on Form 10-K for the fiscal year ended December 31, 2011 and
other filings with the Securities and Exchange Commission, under the
caption "Risk Factors", for additional information on risks,
uncertainties and other factors relating to the forward-looking
statements and information regarding the Company. All forward-looking
statements and information made in this news release are qualified by
this cautionary statement.
181 Bay Street Suite 4750
Toronto, ON M5J 2T3
PO box 792
The NYSE and TSX have not reviewed and do not accept responsibility
for the adequacy or accuracy of the contents of this news release,
which has been prepared by management of McEwen Mining Inc.
McEwen Mining Inc.
(647) 258-0395 ext 410 or Toll Free: (866) 441-0690
(647) 258-0408 (FAX)
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