Mcewen Inc. · NYSE:MUX
Mcewen — McEwen Mining — Q1 2020 Earnings Presentation
17 slides from Mcewen's earnings presentation, May 19, 2020
Slide 1: Results for the Quarter Ended March 31, 2020
Results for the Quarter Ended March 31, 2020 May 19, 2020
Slide 2: Cautionary Statement
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. MUX
Slide 3: Q1 2020 Introduction & Financial Results
Q1 2020 Introduction & Financial Results Rob McEwen, CEO & Chief Owner
Slide 4: Q1 2020 Operating Results
Q1 2020 Operating Results Peter Mah, COO
Slide 5: Q1 2020 Exploration Results
Q1 2020 Exploration Results Sylvain Guerard, Sr. VP Exploration
Slide 6: Gold Bar Property Drill Intersections
Gold Bar Property 2019 – 2020 Drill Intersections Pot Canyon Gold Canyon Gold Pick Cabin Creek Old Gold Bar Gold Bar South
Slide 7: Gold Bar South 2020 Drilling Plan
Gold Bar South 2020 Drilling Plan 1.0g/t Au / 125ft North incl. 1.8g/t Au / 20ft Area 1.7g/t Au / 125ft Phase 2 Drilling (May-June) incl. 3.1g/t Au / 15ft Resource pit outline to focus on: 2.5g/t Au / 105ft incl. 5.4g/t Au / 25ft 1.7g/t Au / 185ft incl. 4g/t Au / 40ft 2.0g/t Au / 195ft ▪ Extension S
Slide 8: Gold Pick – 2020 Drill Results Highlights
Gold Pick – 2020 Drill Results Highlights Results of 2020 Drilling: o Confirming (de-risking) in-pit mineralization 3.2g/t Au / 110ft o Extending below revised pits; and 2.7g/t Au / 90ft incl. 4.0g/t Au / 55ft o Defining potential Pick SW extension incl. 4.9g/t Au / 45ft West Pick 1.2g/t Au / 145ft
Slide 9: 2020 Drill Results Highlights + Historical Drilling GxM
2020 Drill Results Highlights + Historical Drilling GxM Results of 2020 Drilling: o Confirming (de-risking) in-pit mineralization 3.2g/t Au / 110ft o Extending below revised pits; and 2.7g/t Au / 90ft incl. 4.0g/t Au / 55ft o Defining potential Pick SW extension incl. 4.9g/t Au / 45ft West Pick 1.2g
Slide 10: Black Fox Property
Black Fox Property MUX Drill Results Black Fox Mine Froome Grey Fox
Slide 11: Black Fox Mine – 2019-2020 Best Intercepts
Black Fox Mine – 2019-2020 Best Intercepts Vertical Longitudinal Section Froome 19.9g/t Au / 3.5m incl. 37.5g/t Au / 1.5m, 97.8g/t Au / 1.1m 483.1g/t Au / 3m incl. 1435g/t Au / 1m, 79.2g/t Au / 2.87m 342g/t Au / 0.30m, 30.8g/t Au / 1.94m, incl. 197.5g/t Au / 1.1m 83.4g/t Au / 1.08m 78g/t Au / 2m, 24
Slide 12: Grey Fox - MUX Drill Results Highlights over New Block Model
Grey Fox - MUX Drill Results Highlights over New Block Model Sedimentar Block Model y April 30th, 2020 Resource Update: Au g/t rocks 53g/t Au / 7.4m 888Koz @ 7.05g/t Au Indicated (Apr 2020) 9.7g/t Au / 13m Whiskey 173Koz @ 6.58g/t Au Inferred >10 incl. 14.1g/t Au / 8.4m 9.9g/t Au / 39m Jack 7 to 10
Slide 13: Grey Fox - MUX Drill Results Highlights
April 30th, 2020 Resource Update: Grey Fox - MUX Drill Results Highlights 888Koz @ 7.05g/t Au Indicated 173Koz @ 6.58g/t Au Inferred Sedimentar y rocks 53g/t Au / 7.4m Au g/t x Core 9.7g/t Au / 13m incl. 14.1g/t Au / 8.4m Whiske Length (m) 9.9g/t Au / 39m y Jack Syenite > 150 Intrusio Contact 100 to
Slide 14: Stock Property: MUX 2018-19 Focused on 3km Mine Trend
Stock Property MUX 2018-19 Focused on 3km Mine Trend Stock East Stock Mine & MIll ✓ Stock East Resource Stock West ✓ Stock Mine Extension ✓ Stock West Discovery
Slide 15: Significant Gold Intersections over 3 km Mine Trend
Significant Gold Intersections over 3 km Mine Trend Stock West Stock Mine Stock East 31 drill holes (16,350m) completed Past Production: 137Koz Au Indicated Resource: 121 Koz Au Average grade 5 g/t Au, widths 15 to 20m, over an High grade intersections on ▪ OP: 83 Koz @ 1.26 g/t Au area 265m along s
Slide 16: Stock West Discovery
Stock West Discovery Stock Mine S19-112A S19-98 4.2g/t Au / 14.5m 5.6g/t Au / 30m S19-98 incl. 12.2g/t Au / 3.4m incl. 9.1g/t Au / 13m 5.6g/t Au / 30m S19-104 incl. 9.1g/t Au / 13m 2.4g/t Au / 27.4m incl. 3.2g/t Au / 17.5m S19-123 3.4g/t Au / 26m incl. 4.4g/t Au / 9.6m S19-113 6.3g/t Au / 19m incl.
Slide 17: Results for the Quarter Ended March 31, 2020
Results for the Quarter Ended March 31, 2020 May 19, 2020