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SUBSEQUENT EVENT | 9 Months Ended
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Sep. 30, 2012
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NOTE 15 SUBSEQUENT EVENT On October 29, 2012, the Company announced the launch of a transferrable rights offerings backstopped by Mr. McEwen, the Company’s Chairman and CEO, in which all existing holders of common stock of McEwen Mining and existing holders of the 2012-Exchangeable Shares have the opportunity to participate on an equal and proportional basis in purchasing additional Common Shares or 2012-Exchangeable Shares at a price of $2.25 (or C$2.24) per share, which represents a 50% discount to the closing share price prior to the announcement. Shareholders will receive one right for each Common Share or 2012-Exchangeable Share and 10 rights are needed to purchase an additional share of the same class. The Company will raise approximately $60 million in gross proceeds with this transaction. The record date for shareholders of the Company to receive rights is November 8, 2012 and the rights will expire on December 4, 2012. In the interim period, the rights on the Common Shares will trade publicly on the NYSE and TSX and the rights on the 2012-Exchangeable Shares will trade on the TSX.

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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. + References No definition available. + Details
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