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    Bill Powers • Private Investor

    Bill Powers's questions to McEwen Mining Inc (MUX) leadership

    Bill Powers's questions to McEwen Mining Inc (MUX) leadership • Q1 2025

    Question

    Private investor Bill Powers asked a series of questions regarding the San José mine dividends, the development progress and spending at the Fox Complex, and the potential timeline and costs for bringing the Grey Fox project into production.

    Answer

    Executive Perry Ing addressed the San José dividend, stating that while further dividends are expected, payments will be balanced with reinvestment in mine life extension. Executive William Shaver detailed the Fox Complex progress, anticipating initial production from the Stock mine in Q4 2025. Regarding Grey Fox, Shaver explained that studies are underway to determine the best mining approach (underground vs. open pit) and that permitting, which could take 18 months to 3 years, is the main factor influencing the timeline.

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    Bill Powers's questions to McEwen Mining Inc (MUX) leadership • Q4 2024

    Question

    Private investor Bill Powers asked for updates on the progress at the Stock project, the timeline for the Grey Fox portal rehab, the status of permitting in Mexico, and clarification on the San Jose JV's cash balance and dividend potential.

    Answer

    An executive detailed progress at the Stock project, noting the ramp should reach the fourth level late in Q3. COO William Shaver estimated a 2-3 year timeline for the Grey Fox project and stated the company is moving cautiously in Mexico while awaiting a permit. An executive corrected that the San Jose JV cash balance is $25M-$40M, not $200M, and that McEwen expects to receive its share of a dividend, over $2 million, by the end of Q1.

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