McEWEN MINING INC. (TSE:MUX) Files An 8-K Completion of Acquisition or Disposition of Assets

ME Staff 8-k
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McEWEN MINING INC. (TSE:MUX) Files An 8-K Completion of Acquisition or Disposition of Assets
Item 2.01 Completion of Acquisition of Disposition of Assets.

As previously disclosed in its Current Report on Form8-K/A filed on September1, 2017, McEwen Mining Inc. (the “Company”) entered into an asset purchase agreement dated August25, 2017 (“Agreement”) with Primero Mining Corp. (“Primero”), a British Columbia corporation. On October6, 2017, the Company completed the acquisition of the assets from Primero.

The assets acquired by the Company from Primero (collectively, the “Assets”) include the Black Fox Complex, an operating underground precious metal mine, associated mining claims and equipment located in the Township of Black River-Matheson, Ontario, Canada, and the Grey Fox and Froome projects, exploration properties located near the Black Fox Complex. All of the Black Fox Complex, the Grey Fox and Froome projects are located in the historic Timmins mining district in Ontario where the Company already owned a number of exploration properties. The purchase price paid by the Company for the Assets was $27.5 million, including replacement of certain cash collateral securing reclamation obligations, and the assumption of certain liabilities, including accounts payable and environmental liabilities.

The foregoing description of the Agreement and the transactions contemplated by the Agreement does not purport to be complete and is qualified in its entirety by reference to the Agreement.

Item 7.01 Regulation FD Disclosure.

On October6, 2017, McEwen Mining Inc. issued a press release announcing the completion of the acquisition. A copy of the press release is attached to this report as Exhibit99.1. The press release includes a link to a slide presentation in the Company’s website, which presentation accompanied the investor presentation referenced in the press release and which provides information regarding the Black Fox acquisition and other information about the Company.

The information furnished under this Item 7.01, including the exhibits, shall not be deemed “filed” for purposes of Section18 of the Securities Exchange Act of 1934, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, except as shall be expressly set forth by reference to such filing.

Item 9.01 Financial Statements and Exhibits.

(a) Financial Statements of Businesses Acquired

If financial statements are required by Item 9.01(a)of Form8-K, the Company will amend this Current Report on Form8-K to include the financial statements required under Item 9.01(a)not later than December20, 2017.

(b) Pro Forma Financial Information

If pro forma financial information is required by Item 9.01(b)of Form8-K, the Company will amend this Current Report on Form8-K to include the pro forma financial information required under Item 9.01(b)not later than December20, 2017.

(d) Exhibits. The following exhibits are filed or furnished with this report:

2.1 Asset Purchase Agreement Between McEwen Mining Inc. and Primero Mining Corp. dated August25, 2017 (incorporated by reference from the Company’s Current Report on Form8-K/A, filed on September1, 2017, Exhibit2.1, File No.001-33190).

99.1 Press release dated October6, 2017

Cautionary Statement

With the exception of historical matters, the matters discussed in the press release include forward-looking statements within the meaning of applicable securities laws that involve risks and uncertainties that could cause actual results to differ materially from projections or estimates contained therein. Such forward-looking statements include, among others, statements regarding future exploration, development, construction and production activities. Factors that could cause actual results to differ materially from projections or estimates include, among others, metal prices, economic and market conditions, operating costs, receipt of permits, receipt of working capital and future drilling results, as well as other factors described in our Annual Report on Form10-K for the year ended December31, 2016, and other filings with the United States Securities and Exchange Commission. Most of these factors are beyond the Company’s ability to predict or control. The Company disclaims any obligation to update any forward-looking statement made in the press release, whether as a result of new information, future events, or otherwise. Readers are cautioned not to put undue reliance on forward-looking statements.


McEwen Mining Inc. Exhibit
EX-99.1 2 a17-22848_1ex99d1.htm EX-99.1 Exhibit 99.1     MCEWEN MINING COMPLETES PURCHASE OF BLACK FOX COMPLEX   TORONTO,…
To view the full exhibit click here

About McEWEN MINING INC. (TSE:MUX)

McEwen Mining Inc. is a mining and minerals exploration company. The Company is focused on precious and base metals in Argentina, Mexico and the United States. Its segments include Mexico, Argentina and the United States. It classifies its mineral properties into Production Properties, Advanced-Stage Properties and Exploration Properties. It owns El Gallo 1 gold mine in Sinaloa, Mexico and holds interest in Minera Santa Cruz S.A. (MSC), owner and operator of the producing San Jose mine in Santa Cruz, Argentina. In addition to its operating properties, it also holds interests in exploration-stage properties and projects in Argentina, Mexico and the United States, including the Gold Bar (Gold Bar) and Los Azules (Los Azules) projects. Its Nevada exploration properties include within Gold Bar Complex, Tonkin Complex, Limo Complex and Battle Mountain Complex. It produces approximately 110,320 gold ounces and over 3,315,670 silver ounces for approximately 154,530 gold equivalent ounces.