Mexico's main Copper Mines
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Mexico's main Copper Mines
Rob McEwen
View from the Top
Rob McEwen
Chief Owner
McEwen Mining
McEwen Mining is a growing gold and silver producer in the Americas. Its principal assets are located in Argentina, Nevada and Ontario.
rob-mcewen
Roundtable
Rob Mcewen
Chief Founder
McEwen Mining

Our approach is opportunistic. We like to buy assets that are unloved by the market. While a distress asset purchase will guarantee more work, the low purchase price limits the downside price and offer good upside potential. For example, our recently acquired Black Fox complex was originally purchased by Primero Mining in 2014 for US$300 million along with the assumption of US$140 million in liabilities. Then they invested US$120 million bringing their total investment to US$560 million. We bought it for US$35 million, which was equivalent to paying 6 cents for every dollar they invested. It came with over 1 million ounces in resources, annual production of 40-50,000 ounces of gold however with a short mine life, an operating mill with excess capacity, numerous exploration targets and a US$190 million-dollar tax pool, which means we can shelter US$190 million of future profits.

Mexico Mining Review asked those that came out swinging after the downturn what they look for in their ideal mining project.
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