Mining’s old guard needs strong medicine
A new report details subpar investor returns in the mining industry over the last decade, particularly big cap diversified companies which have not adapted to new realities.
McEwen Mining Inc. (NYSE:MUX) (TSX:MUX) is pleased to announce that Mr. Donald Brown will join the Company on August 29, 2016 as our Senior Vice President of Projects. Mr. Brown has a proven track record of delivering superior results and will lead the advancement and future development of our portfolio of global assets including the Los Azules copper project in Argentina and the El Gallo Silver project in Mexico, as well as assisting our current team with the ongoing development of the Gold Bar project in Nevada.
Mr. Brown is a seasoned mining professional having previously held roles as Vice President of Projects for Glencore and Construction Manager for Bechtel Mines and Metals. He has worked on many large scale mining projects in all stages of feasibility, development and operations such as Antamina, Las Bambas and Antapaccay in Peru, and El Pachon in Argentina. Mr. Brown holds a Masters of Science in Rock Mechanics and Mining Engineering from Newcastle University, he is a Chartered Professional Engineer (Australia) and also a Registered Mine Manager (Australia).
“We are very pleased to welcome Donald to our team. He comes with considerable experience in large and complex precious and base metal projects internationally, which I believe will better position us to grow organically from the development of our extensive portfolio of assets,” said Rob McEwen, Chairman and Chief Owner.
About McEwen Mining (www.mcewenmining.com)
McEwen Mining’s goal is to qualify for inclusion in the S&P 500 Index by creating a high growth, profitable gold and silver producer focused in the Americas and Europe. McEwen Mining’s principal assets consist of the San José Mine in Santa Cruz, Argentina (49% interest), the El Gallo Mine and El Gallo Silver project in Sinaloa, Mexico, the Gold Bar project in Nevada, USA, and the Los Azules copper project in San Juan, Argentina.
McEwen Mining has a total of 299 million shares outstanding and 305 million fully diluted. Rob McEwen, Chairman and Chief Owner, owns 25% of the Company.
