Exhibit 99.1
| March 2, 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:
· Foundation for the Phase 1 process plant now under construction
· Mining at Sargrado Corazon deposit begins
· Carbon columns for the Phase 1 process plant 60% complete
· Haul road between the Palmarito and El Gallo deposits 95% 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 02, 2012 MCEWEN MINING |
| 2 Foundation for the Phase 1 process plant. |
| 3 Foundation for the Phase 1 process plant. |
| 4 Foundation for the Phase 1 process plant. |
| 5 Foundation for the Phase 1 process plant generators. |
| 6 Constructing interior for the Phase 1 process plant. |
| 7 Carbon columns for the Phase 1 process plant 60% complete. |
| 8 Carbon columns for the Phase 1 process plant 60% complete. |
| 9 Heap leach pad expansion underway. |
| 10 Heap leach pad expansion underway. |
| 11 Heap leach pad expansion underway. |
| 12 Pre-stripping at the Samaniego open pit. |
| 13 First bench being prepared for the Sargrado Corazon deposit. |
| 14 First bench being prepared for the Sargrado Corazon deposit. |
| 15 Haul road between the Palmarito and El Gallo deposits 95% complete. |
| 16 Haul road between the Palmarito and El Gallo deposits 95% complete. |
| 17 Haul road between the Palmarito and El Gallo deposits 95% complete. |
| 18 Administration building. |
| 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 |
