McEwen Mining borrows US$50M for Gold Bar construction

McEwen Mining (TSX: MUX; NYSE: MUX) has closed a US$50 million senior secured three-year term loan first announced in late May, with the […]

Topics

Commodities

Regions

Tags

Companies

McEwen Mining (TSX: MUX; NYSE: MUX) has closed a US$50 million senior secured three-year term loan first announced in late May, with the funds earmarked for completion of construction at the company’s new Gold Bar gold mine in Nevada, and for general purposes. Rob McEwen, McEwen Mining’s chairman and self-described “chief owner” with 24% of the firm’s 337 million outstanding shares, is participating as lender for half of the US$50-million loan, which will have monthly interest at 9.75% per annum. Continue reading at The Northern Miner.

Comments

Your email address will not be published. Required fields are marked *

Mar 27 2024 - Mar 28 2024
Apr 08 2024 - Apr 09 2024
Apr 15 2024 - Apr 16 2024
Apr 16 2024 - Apr 16 2024