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McEwen Mining Inc. (TSX:MUX,NYSE:MUX) announced that it’s been reimbursed for about 80 percent of the fair value loss it suffered due to a robbery on April 7, 2015 at its El Gallo mine.
McEwen Mining Inc. (TSX:MUX,NYSE:MUX) announced that it’s been reimbursed for about 80 percent of the fair value loss it suffered due to a robbery on April 7, 2015 at its El Gallo mine.
As a result of the reimbursement, the robbery’s financial impact has been lowered to US$1.6 million. McEwen now has US$33 million worth of cash and precious metals on hand.
Rob McEwen, chief owner of McEwen, commented:
Our relentless focus is on financial performance, improving the sustainability of our operations, achieving exploration success, and technological innovation at our existing and future mines. The robbery is behind us, and we have invested in additional security measures to protect our employees and products.
Click here to read the full McEwen Mining Inc. (TSX:MUX,NYSE:MUX) press release.