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MarketScreener Homepage  >  Equities  >  Nyse  >  McEwen Mining Inc    MUX

MCEWEN MINING INC (MUX)
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McEwen Mining Annouces Results of the Annual Meeting

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06/14/2018 | 05:41pm CEST

TORONTO, June 14, 2018 (GLOBE NEWSWIRE) -- McEwen Mining Inc. (NYSE:MUX) (TSX:MUX) (“McEwen Mining” or the “Company”) held its annual meeting of shareholders on May 24, 2018. Of the 337,086,060 shares outstanding and entitled to vote at the meeting, 229,983,667 shares were voted, or 68.2% of the outstanding shares entitled to vote.

At the annual meeting, the shareholders elected the nine individuals nominated to be directors and ratified the appointment of Ernst & Young LLP (“E&Y”) as the Company’s independent registered public accounting firm for the year ending December 31, 2018.

Election results for the directors nominated at the meeting are as follows:

  Shares Voted
Name of Nominee For Withheld Broker Non-Votes
Robert R. McEwen 140,971,339 747,559 88,264,769
Allen V. Ambrose 140,526,474 1,192,424 88,264,769
Michele L. Ashby 140,488,665 1,230,233 88,264,769
Leanne M. Baker 140,503,333 1,215,565 88,264,769
Richard W. Brissenden 140,669,884 1,049,014 88,264,769
Gregory P. Fauquier 140,653,781 1,065,117 88,264,769
Donald R.M. Quick 140,607,926 1,110,972 88,264,769
Michael L. Stein 140,669,397 1,049,501 88,264,769
Robin Dunbar 140,689,554 1,029,344 88,264,769

Election results for the ratification of the appointment of E&Y as the independent registered public accounting firm for the year ending December 31, 2018 are as follows:

For Against Abstain Broker Non-Votes
228,727,792 760,375 495,500 

Cautionary Statement

With the exception of historical matters, the matters discussed in the power point slides 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, and production activities. Factors that could cause actual results to differ materially from projections or estimates include, among others, metal prices, economic and market conditions, operating costs, receipt of permits, receipt of working capital, environmental conditions, and future drilling results, as well as other factors described in our Annual Report on Form 10-K for the year ended December 31, 2017, and other filings with the United States Securities and Exchange Commission (“SEC”). 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 slides, whether as a result of new information, future events, or otherwise. Readers are cautioned not to put undue reliance on forward-looking statements.

The NYSE and TSX have not reviewed and do not accept responsibility for the adequacy or accuracy of the contents of this news release, which has been prepared by management of McEwen Mining Inc.

ABOUT MCEWEN MINING

McEwen has the goal to qualify for inclusion in the S&P 500 Index by creating a profitable gold and silver producer focused in the Americas. McEwen’s principal assets consist of: the San José mine in Santa Cruz, Argentina (49% interest); the El Gallo mine in Mexico; the Black Fox mine in Timmins, Canada; the Gold Bar mine in Nevada, currently under construction; and the large Los Azules copper project in Argentina, advancing towards development.

McEwen has a total of 337 million shares outstanding. Rob McEwen, Chairman and Chief Owner, owns 24% of the shares.

CONTACT INFORMATION:
Mihaela Iancu
Investor Relations
(647)-258-0395 ext 320
info@mcewenmining.com
Website: www.mcewenmining.com

Facebook: facebook.com/mcewenrob

Twitter: twitter.com/mcewenmining

Instagram: instagram.com/mcewenmining 
150 King Street West
Suite 2800, P.O. Box 24
Toronto, ON, Canada
M5H 1J9
(866) 441-0690

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© GlobeNewswire 2018
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Financials ($)
Sales 2018 114 M
EBIT 2018 -14,8 M
Net income 2018 -29,8 M
Debt 2018 -
Yield 2018 0,52%
P/E ratio 2018 -
P/E ratio 2019 63,67
Capi. / Sales 2018 5,64x
Capi. / Sales 2019 4,01x
Capitalization 644 M
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Number of Analysts 4
Average target price 3,53 $
Spread / Average Target 85%
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Managers
NameTitle
Robert Ross McEwen Executive Chairman & Chief Executive Officer
Andrew Louis Elinesky CFO, Principal Financial & Accounting Officer, SVP
Allen Vernon Ambrose Independent Director
Richard W. Brissenden Independent Director
Leanne Marie Baker Independent Director
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