https://www.engineeringnews.co.za

McEwen raises funds for Ontario gold project

11th January 2021

By: Marleny Arnoldi

Online News Editor

     

Font size: - +

Canadian miner McEwen Mining has announced a private placement offering of about 11.6-million shares, priced at $1.02 apiece, to raise $11.8-million.

The offering, expected to close on January 28, will be used to fund development of the company’s Froome gold deposit, located within the Black Fox Complex, in the Timmins region of Ontario.

The project is expected to reach commercial production during the fourth quarter this year.

McEwen acquired the Black Fox Complex in October 2017, while development of an underground access ramp to the Froome orebody, 900 m away from the Black Fox mine, started in December 2019.

Edited by Mariaan Webb
Creamer Media Contract Publishing Editor

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Egoli Gas (Pty) Ltd
Egoli Gas (Pty) Ltd

As a reticulator, Egoli Gas provides natural gas to homes and businesses via underground pipes.

VISIT SHOWROOM 
ATI Systems
ATI Systems

ATI systems comprises five divisions: electrical assemblies, drives and controls, feedback sensors, enclosures, and strip guiding.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







301

sq:0.08 1.125s - 140pq - 2rq
Subscribe Now