Minera Andes

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Minera Andes Inc was a producer of gold and silver and an explorer of gold, silver and copper in Argentina. Rob McEwen was the company's CEO and largest shareholder (30% ownership).

The company had three significant assets in Argentina:

- 49% interest in the producing San José gold/silver mine, located approximately 20 km north of Goldcorp's (Andean Resources') Cerro Negro project.[1]

- 100% ownership of Los Azules, an advanced stage porphyry copper exploration project with an indicated and inferred resource of 2.2 billion and 10.3 billion pounds of copper; 300,000 and 2 million ounces of gold and 7.5 and 49.1 million ounces of silver.[2]

- 100% ownership of approximately 133,700 acres of mineral rights bordering the Cerro Negro Project.[3]

On June 14, 2011 Mr. McEwen announced that he intends to merge Minera Andes with US Gold Corporation to create a high growth, low-cost, mid-tier silver producer focused in the Americas. The merger was completed in January 2012 and the name of the new company is McEwen Mining Inc. The objective of McEwen Mining is to build a precious metal company that can qualify for the S&P 500 by 2015.[4]

Rob McEwen was the founder and former Chairman and CEO of Goldcorp Inc (NYSE:GG TSX:G). During his tenure, Goldcorp's market capitalization grew from US$50 million to over US$8 billion.

External links

References

  1. ↑ "project info". June 14, 2011. Retrieved June 20, 2011.
  2. ↑ "project info". June 14, 2011. Retrieved June 20, 2011.
  3. ↑ "project info". June 14, 2011. Retrieved June 20, 2011.
  4. ↑ "press release". June 14, 2011. Retrieved June 17, 2011.
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