Exhibit 99.1
March 16, 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:
· To date: 63,700 tonnes of material averaging 1.71 gpt gold has been stockpiled
· Crushing plant now 50% complete
· Process plant is 40% complete
· Heap leach pad expansion 35% complete
To view the El Gallo Development Photo Update, please click here.
For further information contact: | |
| |
Jenya Meshcheryakova Investor Relations Tel: (647) 258-0395 ext 410 Toll Free: (866) 441-0690 Fax: (647) 258-0408 | Mailing Address 181 Bay Street Suite 4750 Toronto ON M5J 2T3 P.O. Box 792 E-mail: info@mcewenmining.com |
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| MUX El Gallo Complex Development Photo Update March 16, 2012 MCEWEN MINING NYSE TSX |
| 2 New administration building nears completion. |
| 3 Process plant 40% complete. Major equipment to be delivered in coming weeks. |
| 4 Foundation work at the process plant continues. |
| 5 Heap leach pad expansion 35% complete. |
| 6 Heap leach pad expansion 35% complete. |
| 7 Heap leach pad expansion 35% complete. |
| 8 Site preparation continues. |
| 9 1.5 Million tonnes of material moved since December. |
| 10 1.5 million tonnes of material moved since December. |
| 11 63,700 tonnes of material averaging 1.71 gpt gold has been stockpiled. |
| 12 Paving of haul road between the Palmarito and El Gallo deposits 100% complete. |
| 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 NYSE TSX |
