UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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| Item 8.01 | Other Events. |
On March 20, 2020, McEwen Mining Inc. (the “Company”) issued a press release announcing a temporary closure of the San Jose mine in Argentina operated by its joint venture partner. The closure resulted from a state of emergency declared by the government of Argentina to reduce the spread of COVID-19 and will last at least until March 31, 2020. Work at the Company’s Los Azules copper project in Argentina is also being suspended until further notice.
The Company also announced that with the confirmed presence of COVID-19 in the Timmins region of Canada, it is implementing numerous additional safety precautions at its operations at the Black Fox complex. As a result of the suspension of work at the San Jose mine as well as the uncertainty regarding the impact of COVID-19 on its operations, the Company has withdrawn all previously-announced production and cost guidance for 2020. A copy of the press release dated March 20, 2020 is attached to this report as Exhibit 99.1 and incorporated herein by reference.
| Item 9.01 | Financial Statements and Exhibits. |
| (d) | Exhibits. |
| 99.1 | Press release dated March 20, 2020 |
| 104 | Cover Page Interactive Data File – the cover page XBRL tags are embedded within the Inline XBRL document |
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, the uncertain impacts from the COVID-19 pandemic, 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 the Company’s Annual Report on Form 10-K for the year ended December 31, 2019, 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.
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SIGNATURE
Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
| McEWEN MINING INC. | ||
| Date: March 23, 2020 | By: | /s/ Carmen Diges |
| Carmen Diges, General Counsel | ||
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