The objective of McEwen Mining is to qualify for inclusion in the S&P 500 by creating a high growth gold producer focused in the Americas. McEwen Mining's principal assets consist of the following:
- Production: a 49% interest in Minera Santa Cruz SA, owner of the San José silver-gold mine that is located near Goldcorp's Cerro Negro project in Argentina; and El Gallo I in Sinaloa, Mexico.
- Development: El Gallo II in Sinaloa, Mexico; The Gold Bar project in Nevada; as well as the Los Azules copper deposit in San Juan, Argentina.
- Exploration: The Company has a large portfolio of exploration properties in Santa Cruz province Argentina, surrounding the San José mine and Goldcorp's Cerro Negro project in addition to significant land packages in Nevada adjoining Barrick's Cortez mine and surrounding our El Gallo complex in Mexico.
McEwen Mining has 297,417,091 shares issued and outstanding at August 7, 2014. Rob McEwen, Chairman, President and Chief Owner, owns 25% of the shares of the Company (assuming all outstanding Exchangeable Shares are exchanged for an equivalent amount of Common Shares). As of June 30, 2014 McEwen Mining had cash and liquid assets of approximately US$16.6 million.