After paying brokers charges, McEwen expects to internet C$28.5 million.
The Fox gold advanced covers 70 sq. km. alongside 18 km of the Destor-Porcupine fault. It consists of the two,000 t/d Black Fox mill and the Black Fox mine to the east. The measured and indicated assets are 14.3 million tonnes grading 4.14 g/t gold containing near 1.9 million oz. There may be additionally an inferred useful resource of 4.2 million tonnes at 3.74 g/t gold containing 503,000 oz. of gold.
McEwen’s challenge pipeline consists of the Fox gold challenge in addition to Inventory East and West. The previous Inventory mine was in manufacturing from 1989 to 2000, when it produced nearly 18,000 oz. of gold. It operated once more briefly in 2004 till underground operations had been suspended in 2005. The Inventory mill was refurbished, and mining resumed in 2009. That is the mill that now serves the Fox advanced.
