Mcewen Inc. · NYSE:MUX
Mcewen — McEwen Mining — FY2019 Earnings Presentation
22 slides from Mcewen's earnings presentation, Mar 19, 2020
Slide 1: Results for the Quarter and Year Ended December 31, 2019
March 17, 2020 Results for the Quarter and Year Ended December 31, 2019
Slide 2: Cautionary Statement
MUX Cautionary Statement Risk adverse? Forget about buying our shares. Past performance is unreliable in predicting the future. Unexpected events can happen and can change forecasts.
Slide 3: Financial Results
MUX Financial Results
Slide 4: Operating Results
MUX Operating Results
Slide 5: Froome Mine – Work Plan
MUX Froome Mine – Work Plan Froome Deposit Black Fox Deposit Section Looking North - East
Slide 6: Typical Transverse and Longitudinal Level
MUX Typical Transverse Level Typical Longitudinal Level 1 1 1 1 1 2 2 2 2 2 4 Ramp Level Access Ore Pass Fresh Air/ Egress Raises Cross Cut Transverse Stope 1 1 2 2 3 3 4 Ramp Waste Pass Level Access Ore Pass Longitudinal Stope Sill PLAN – 195 masl Waste Pass Fresh Air/ Egress Raises
Slide 7: Ontario Operations – Conceptual Long Term Vision
MUX Ontario Operations – Conceptual Long Term Vision Gold Production
Slide 8: Exploration
Exploration Stock West Stock East Grey Fox Gold Bar Stock West
Slide 9: Exploration Highlights
▪ Stock West ▪ Grey Fox ▪ Black Fox Mine ▪ Gold Bar South 2019 Exploration Highlights Discovered a significant new zone of mineralization Significantly increased the Indicated Resource and generated highly positive drill intersections at several targets in the area Positive results near existing act
Slide 10: Stock Property Exploration Review
MUX Stock Property Exploration Review 6.4g/t Au / 42m 5.6g/t Au / 30m 27.2g/t Au / 7m Stock East mineralized zone Selected 2019 drill intersections 34.7g/t Au / 6.5m Lengths presented are core lengths 63.6g/t Au / 6.2m 2.5g/t Au / 21.8m 10.9g/t Au / 5.5m 7.7g/t Au / 25m 6.3g/t Au / 19m 4.2g/t Au / 1
Slide 11: Stock West Section with Drill Intersections
MUX - 200m - 400m - 600m - 800m - 1000m - 1200m - 200m - 400m - 600m - 800m - 1000m 5.24g/t Au / 14.8m incl. 19.2g/t Au / 2.9m 9.6g/t Au / 7.2m incl. 25.2g/t Au / 2.7m 34.7g/t Au / 6.5m incl. 74.1g/t Au / 3m 5.6g/t Au / 30m incl. 9.1g/t Au / 13m 63.6g/t Au / 6.2m incl. 317g/t Au / 1.2m 5.5g/t Au / 2
Slide 12: Stock West and Stock Mine Drill Intersections
MUX - 200m - 400m - 600m - 800m - 1000m - 1200m - 200m - 400m - 600m - 800m - 1000m Stock West Stock Mine 27.2g/t Au / 7m incl. 311g/t Au/ 0.6m 5.6g/t Au / 3.3m, 14.1g/t Au / 1.8 incl. 30.1g/t Au/ 0.8m Stock Deep 0 2020 Infill & Step - out Drilling 5.6g/t Au / 30m incl. 9.1g/t Au / 13m 5.5g/t Au / 2
Slide 13: Grey Fox Geology and Drill Intersections
147 Zone 1 Km (0.6 miles) Mar 2020 147NE South Zone Contact Zone Whiskey Jack Mafic Volcanics Ultramafic Volcanics Sedimentary Rocks Syenite Intrusion Mafic Volcanics Gibson Lengths presented are core lengths. 147 Zone 4 g/t Au / 34 m, incl. 7 g/t Au / 14 m 120.5 g/t Au / 1.1 m 9.6 g/t Au / 6.6 m ,
Slide 14: Black Fox Mine – Longitudinal Section
MUX Black Fox Mine – Longitudinal Section 0.5 Km (0.3 miles) Froome Lengths presented are estimated true widths. 50 to 100 30 to 50 20 to 30 10 to 20 Au g/t x Core Length (m) 5 to 10 100 to 150 > 150 300W 490CZ 660W HQZ 810 Exp 335W 300W 79.2 g/t Au / 2.6m incl. 197.5 g/t Au / 1m 11.4 g/t Au / 3m in
Slide 15: Development Concepts
MUX Development Concepts
Slide 16: Grey Fox – Open Pit Concept
MUX Unconstrained Pit Grey Fox – Open Pit Concept NORTH Contact Zone Section Looking South - West 147 Zone South Zone Gibson Portal Scenario 2 – open pit only, mining up to property boundary Contact Zone 147 Zone South Zone Gibson Portal Property Boundary NORTH 147 NE (Underground Design Shown For C
Slide 17: Grey Fox – Underground Concept
MUX Grey Fox – Underground Concept Fresh Air Raise To Surface Contact Zone Gibson Portal Section Looking South - West 147 Zone 147 NE Database Cut - off July 2nd 320m 114m 287el 245el 173el Scenario 1 – Underground Only Primary access via Gibson Ramp requiring Fresh Air Raise for ventilation and sec
Slide 18: Stock West Concept
MUX Stock West Concept • Target the 400 m elevation – approximately 3,200 m of development at 5 m/day single drive = 1.8 years to get there. • Conduct exploration drilling from underground (cost savings) and possible bulk sample. • Production ventilation current concept same as Froome – twin the ram
Slide 19: Gold Bar Resources & Exploration
Gold Bar Resources & Exploration
Slide 20: Gold Bar Complex
MUX Gold Bar Complex 6 km Gold Bar Process Plant Legend McEwen Property Gold Resource Faults Gold Bar Gold Bar South
Slide 21: Gold Bar South Resource Update
MUX Resource Update M&I: 64 Koz @ 1.07 g/t Au Inf: 9 Koz @ 0.72 g/t Au 1.27 g/t / 16.8m 1.02 gpt / 36.6m 2.19 gpt / 59.4m 6.66 gpt / 24.4m 0.95 gpt / 19.81m 1.99 gpt / 21.3m 2.14 gpt / 54.9m 1.72 g/t / 10.7m 200m Potential Extension Au Mineralization 1.03 gpt / 35.05m Resource pit outline 0.46 gpt /
Slide 22: Results for the Quarter and Year Ended December 31, 2019
March 17, 2020 Results for the Quarter and Year Ended December 31, 2019