CIM MES DG: Houston, We Have a Big Problem (but) With Solutions

"Houston, We Have a Big Problem (but) With Solutions"

McEwen Mining and McEwen Copper are committed to exploring ways to strengthen the image of mining, attract a younger demographic to join our industry, and increase awareness of mining as a critical component of our modern world. Otherwise, the consequences are dire. We may not have the manpower and skills to expand and operate the existing mines, do so in a productive fashion, and build the projects necessary to supply the world’s growing appetite for metals.

Clearly, mining needs an overall image makeover while it manages environmental challenges related to water, waste, and tailings. This is why McEwen, through its operations and projects, is actively working to improve public perception of mining while engaging with communities at every level. The goal is to highlight the indispensable role that mining and metals play in sustaining modern life and advancing civilization. An example of this commitment is the McEwen Copper project at Los Azules in Argentina, which serves as a model of environmental stewardship.

Its design places advanced environmental standards at the forefront, ensuring that ESG principles remain uncompromising. Los Azules represents the mine of the future; built to be environmentally responsible, visually appealing, supportive of employee well-being, and capable of reshaping negative perceptions of the industry. In addition to its environmental leadership, Los Azules is a world-class copper deposit and is expected to become one of the world’s first regenerative copper mines when operations begin in 2030.

The presentation will conclude with an overview of McEwen’s gold and silver operations, focusing on increasing production while reducing costs. It will also include a review of the outlook for gold markets, a discussion of mining opportunities and policies in Argentina, and a comparison of major global copper projects with Los Azules.

About the Speaker

Rob McEwen is the Chairman and Chief Owner of McEwen Mining, which has three producing mines in Nevada, Ontario, and Argentina and holds 48% interest in the large Los Azules copper project in Argentina. Rob has been associated with the gold industry throughout his career, first for 18 years in the investment industry and since 1990 as CEO of several gold mining companies.

He is the founder of Goldcorp, where he took the company from a market capitalization of $50 million to over $8 billion. With a cost of investment in McEwen Mining (NYSE, TSX: MUX) and McEwen Copper of US$225 million, he owns 16.1% of MUX, 13.2% of McEwen Copper, and takes a salary of $ 1/year.

Rob and his wife, Cheryl, have donated over $60 million to encourage excellence and innovation in healthcare and education.

He was awarded the Order of Canada in 2007, the Queen Elizabeth’s Diamond Jubilee Award in 2013, was inducted into the Mining Hall of Fame in 2017 and has Honorary Doctor of Law Degrees from York University and Western University.

Rob is also a member of the Dean’s Advisory Board, Schulich School of Business; X Prize Foundation: Vision Circle and Board of Trustees; a member of CEO (Chief Executive Organization) and of WPO (World Presidents’ Organization) and serves on the Advisory Board of the McEwen School of Architecture.

Moderator: Terence Ortslan (Director at TSO Research (Resource Strategies and Policies))

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MES of CIM (Canadian Institute of Mining, Metallurgy, and Petroleum) (CIM MES: https://www.cimmes.org/) serves members involved in the economics and management of mining and all aspects of the management of companies active in the mining and petroleum sectors. MES has an educational mission, and to achieve this, MES hosts events that provide a forum for industry professionals to share experiences, insights, and ideas on topics relating to the economic, management, and financial aspects of the mining and energy business.