- McEwen Mining is an asset-rich diversified gold and silver producer in the Americas with significant exposure to copper through its 51.9%-owned McEwen Copper
- McEwen Copper holds 100% interest in the Los Azules Project in Argentina, which has been shown to have many attributes comparable to world-class copper-gold deposits in South America
- The subsidiary is advancing the Los Azules Project and has been undertaking infill and step-out exploration drilling
- McEwen Copper’s focus comes at a time when the world is staring at copper deficits driven by constrained supply amid political instability in top copper-producing countries and increased demand
Copper, a base metal with no obvious substitute, is found in countless products in homes, offices, manufacturing plants, and vehicles. For context, a typical home contains over 400 pounds (about 180 kilograms) of the metal, with most of these copper-containing products being electronics that need to be powered by electricity tapped from an electricity grid that majorly comprises components that are made using copper (https://ibn.fm/Ng9Yv). Copper is also used to manufacture military vehicles like ships, naval vessels, and aircraft because it is resistant to corrosion.
As the world targets a green transition, more sectors are looking to decarbonize, opting to electrify to reduce use of fossil fuels. As a result, millions of feet of copper wiring will be needed to build complex grids that can handle the growing electricity needs. Sights are also set on electric vehicles, which use…
NOTE TO INVESTORS: The latest news and updates relating to MUX are available in the company’s newsroom at http://ibn.fm/MUX
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