Exhibit 99.1
| February 17, 2012 |
Dear McEwen Mining Shareholders,
Please find the attached El Gallo Complex development update.
Phase 1 construction at the El Gallo Complex remains within budget and on schedule for first gold pour expected mid-year, 2012!
Key development highlights over the past two weeks are:
· Earthwork preparations for crushing plant loading pocket
· Heap leach pad expansion now underway
· Phase 1 process plant upgrades continue
· Haul road construction between the El Gallo and Palmarito deposits now 80% complete
To view the El Gallo Development Photo Update, please click here.
For further information contact: |
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Jenya Meshcheryakova | Mailing Address |
Investor Relations | 181 Bay Street Suite 4750 |
Tel: (647) 258-0395 ext 410 | Toronto ON M5J 2T3 |
Toll Free: (866) 441-0690 | P.O. Box 792 |
Fax: (647) 258-0408 | E-mail: info@mcewenmining.com |
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| MUX El Gallo Complex Development Photo Update February 17, 2012 MCEWEN MINING |
| 2 Preparing loading pocket for the crushing plant. |
| 3 Preparing for the crushing plant installation. |
| 4 Stockpiling ore (60,000 tonnes stockpiled to date). |
| 5 Heap leach pad expansion underway. |
| 6 Heap leach pad expansion underway. |
| 7 Pre-stripping at Samanegio open pit. |
| 8 Inside the new administration building. |
| 9 Raising the roof on the new administration building. |
| 10 Phase 1 mining process plant upgrade. |
| 11 Phase 1 mining process plant upgrade. |
| 12 Haul road construction between the El Gallo and Palmarito deposits 80% complete. |
| 13 Haul road construction between the El Gallo and Palmarito deposits 80% complete. |
| 14 Application of final ash-fault layer. |
| MUX For further information please contact: Jenya Meshcheryakova Investor Relations Tel: (647) 258-0395 Toll Free: (866) 441- 0690 Fax: (647) 258-0408 Email: info@mcewenmining.com MCEWEN MINING |
