Canadian Mining Journal

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MERGER: McEwen Mining springs from US Gold, Minera Andes deal

TORONTO - Famous mine financier and founder of Goldcorp and US Gold, Rob McEwen has put his name firmly in the headlines once again. With the completion of US Gold's takeover of Minera Andes, he has renamed the company McEwen Mining with...


TORONTO – Famous mine financier and founder of Goldcorp and US Gold, Rob McEwen has put his name firmly in the headlines once again. With the completion of US Gold’s takeover of Minera Andes, he has renamed the company McEwen Mining with headquarters in Toronto.

As chairman, president and CEO of the new company, McEwen is pulling no salary. Instead he has a 25% equity interest in the venture, and if it pays dividends as steadily as Goldcorp has,  he will not need it.

The McEwen Mining team includes team of directors consisting of Dr. Leanne Baker, Michele Ashby (formerly directors of US Gold), and Michael Stein, Richard Brissenden, Allen Ambrose and Dr. Donald Quick (formerly directors of Minera Andes). Management will also consist of COO William Faust, senior VP Ian J. Ball, VP projects Stefan Spears, CFO Perry Ing and VP corporate affairs Nils Engelstad.

Visit the new company’s website at McEwenMining.com.


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