UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM SD
Specialized Disclosure Report
COMMISSION FILE NUMBER 001-33190
150 King Street West, Suite 2800, Toronto, Ontario
Canada M5H 1J9
(866) 441-0690
Perry Ing
(647) 258-0395
Check the appropriate box to indicate the rule pursuant to which this form is being filed, and provide the period to which the information in this form applies:
☐ | Rule 13p-1 under the Securities Exchange Act (17 CFR 240.13p-1) for the reporting period from January 1 to December 31, 2023. |
☒ | Rule 13q-1 under the Securities Exchange Act (17 CFR 240.13q-1) for the reporting period from January 1 to December 31, 2023. |
SECTION 1 - CONFLICT MINERALS DISCLOSURE
Item 1.01 Conflict Minerals Disclosure and Report
Not applicable.
Item 1.02 Exhibit
Not applicable.
SECTION 2 - RESOURCE EXTRACTION ISSUER DISCLOSURE
Item 2.01 Resource Extraction Issuer Disclosure and Report
McEwen Mining Inc. (the “Company”) is subject to Canada’s Extractive Sector Transparency Measures Act (“ESTMA”). The Company is relying on the alternative reporting provision of ltem 2.01 and providing its ESTMA report for the year ended December 31, 2023, to satisfy the requirements of Item 2.01. The Company’s ESTMA report is available on the Company’s website or on the Government of Canada’s website. The payment disclosure required by Form SD is included as Exhibit 2.01 to this Form SD.
SECTION 3 - EXHIBITS
Item 3.01 Exhibits
The following exhibit is filed as part of this report:
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the duly authorized undersigned.
MCEWEN MINING INC. | ||
BY: | /s/ Perry Ing | |
Interim Chief Financial Officer (Principal Financial Officer and Principal Accounting Officer) |
DATE: June 28, 2024
Exhibit 2.01
Extractive Sector Transparency Measures Act - Annual Report | ||||||||||||
Reporting Entity Name | McEwen Mining Inc. | |||||||||||
| | |||||||||||
Reporting Year | From | 1/1/2023 | To: | 12/31/2023 | Date submitted | 5/16/2024 | ||||||
| | | | | | | ||||||
Reporting Entity ESTMA Identification Number | E340607 | | | |||||||||
| | |||||||||||
| ||||||||||||
For Consolidated Reports - Subsidiary Reporting Entities Included in Report: | E254602 McEwen Mining - Minera Andes Acquisition Corp., E480475 Lexam VG Gold Inc. | |||||||||||
| ||||||||||||
Not Substituted |
|
|
| |||||||||
| ||||||||||||
Attestation by Reporting Entity |
|
|
|
|
|
| ||||||
| | | | | | | ||||||
In accordance with the requirements of the ESTMA, and in particular section 9 thereof, I attest I have reviewed the information contained in the ESTMA report for the entity(ies) listed above. Based on my knowledge, and having exercised reasonable diligence, the information in the ESTMA report is true, accurate and complete in all material respects for the purposes of the Act, for the reporting year listed above. | ||||||||||||
|
|
|
|
|
|
| ||||||
|
|
|
|
|
|
| ||||||
Full Name of Director or Officer of Reporting | Perry Ing | Date | 5/16/2024 | |||||||||
Position Title | Chief Financial Officer |
Extractive Sector Transparency Measures Act - Annual Report | |||||||||||
Reporting Year | From: | 1/1/2023 | To: | 12/31/2023 |
|
|
|
| |||
Reporting Entity Name | McEwen Mining Inc. | Currency of the Report | USD |
| |||||||
Reporting Entity ESTMA Identification Number | E340607 |
|
| ||||||||
Subsidiary Reporting Entities (if necessary) | E254602 McEwen Mining - Minera Andes Acquisition Corp., E480475 Lexam VG Gold Inc. |
|
|
|
|
| |||||
Payments by Payee | |||||||||||
Country | Payee Name(1) | Departments, Agency, etc… within Payee that Received Payments(2) | Taxes | Royalties | Fees | Production Entitlements | Bonuses | Dividends | Infrastructure Improvement Payments | Total Amount paid to Payee | Notes(3) |
United States of America | The Municipality of Eureka |
| 560,000 | - | - | - | - | - | - | 560,000 | - Taxes and fees paid to Eureka County, in U.S. Dollars. |
United States of America | The State of Nevada |
| 630,000 | - | - | - | - | - | - | 630,000 | - Taxes and fees paid to the State of Nevada, in U.S. Dollars. |
United States of America | The State of Nevada | US Department of Interior-Bureau of Land Management | - | - | 880,000 | - | - | - | - | 880,000 | - Taxes and fees paid to Eureka County, in U.S. Dollars. |
Canada | First Nation Band Government - Wahgoshig First Nations |
| - | - | 170,000 | - | - | - | - | 170,000 | - Fees paid to Wahgoshig First Nations in Canadian dollars. |
Canada | The Municipality of Black River | Black River Matheson | 190,000 | - | - | - | - | - | - | 190,000 | - Fees paid to Wahgoshig First Nations in Canadian dollars. |
Mexico | Federal Government of Mexico | Treasury of the Federation | 850,000 | - | 870,000 | - | - | - | - | 1,720,000 | - Fees and Taxes paid to the Treasury of the Federation in Mexican Peso. |
Additional Notes(3): | - All reported payments have been rounded to the nearest USD$10,000 | ||||||||||
1 Enter the proper name of the Payee receiving the money (i.e. the municipality of x, the province of y, national government of z). | |||||||||||
2 Optional field. | |||||||||||
3 When payments are made in-kind, the notes field must highlight which payment includes in-kind contributions and the method for calculating the value of the payment. | |||||||||||
4 Any payments made in currencies other than the report currency must be identified. The Reporting Entity may use the Additional notes row or the Notes column to identify any payments that are converted, along with the exchange rate and primary method used for currency conversions. |
Extractive Sector Transparency Measures Act - Annual Report | ||||||||||
Reporting Year | From: | 1/1/2023 | To: | 12/31/2023 |
|
|
|
|
|
|
Reporting Entity Name | McEwen Mining Inc. | Currency of the Report | USD |
|
| |||||
Reporting Entity ESTMA Identification Number | E340607 |
|
|
|
| |||||
Subsidiary Reporting Entities (if necessary) | E254602 McEwen Mining - Minera Andes Acquisition Corp., E480475 Lexam VG Gold Inc. |
|
|
|
| |||||
Payments by Project | ||||||||||
Country | Project Name(1) | Taxes | Royalties | Fees | Production Entitlements | Bonuses | Dividends | Infrastructure | Total Amount paid by | Notes(2)(3) |
Canada | Black Fox Complex | 190,000 | - | 170,000 | - | - | - | - | 360,000 | - Taxes and fees paid in Canadian dollars. |
United States of America | Gold Bar 306 | 1,190,000 | - | 60,000 | - | - | - | - | 1,250,000 | - Fees paid are in U.S. Dollars. |
United States of America | Gold Bar 307 | - | - | 410,000 | - | - | - | - | 410,000 | - Fees paid are in U.S. Dollars. |
United States of America | Gold Bar South 317 | - | - | 30,000 | - | - | - | - | 30,000 | - Fees paid are in U.S. Dollars. |
United States of America | Tonkin 101 | - | - | 230,000 | - | - | - | - | 230,000 | - Fees paid are in U.S. Dollars. |
United States of America | Cornerstone 207 | - | - | 10,000 | - | - | - | - | 10,000 | - Fees paid are in U.S. Dollars. |
United States of America | Slaven Canyon 313 | - | - | 10,000 | - | - | - | - | 10,000 | - Fees paid are in U.S. Dollars. |
United States of America | South Midas 315 | - | - | 20,000 | - | - | - | - | 20,000 | - Fees paid are in U.S. Dollars. |
United States of America | New Pass 310 | - | - | 20,000 | - | - | - | - | 20,000 | - Fees paid are in U.S. Dollars. |
United States of America | Elder Creek: East Marigold 215 | - | - | 10,000 | - | - | - | - | 10,000 | - Fees paid are in U.S. Dollars. |
United States of America | Elder Creek: BMX Humboldt/Lander 202 | - | - | 80,000 | - | - | - | - | 80,000 | - Fees paid are in U.S. Dollars. |
Mexico | Fenix | 850,000 | - | 870,000 | - | - | - | - | 1,720,000 | - Fees and Taxes paid to the Treasury of the Federation in Mexican Peso. |
Additional Notes(3): | - All reported payments have been rounded to the nearest USD$10,000 | |||||||||
1 Enter the project that the payment is attributed to. Some payments may not be attributable to a specific project, and do not need to be disclosed in the "Payments by Project" table. | ||||||||||
2 When payments are made in-kind, the notes field must highlight which payment includes in-kind contributions and the method for calculating the value of the payment. | ||||||||||
3 Any payments made in currencies other than the report currency must be identified. The Reporting Entity may use the "Additional Notes" row or the "Notes" column to identify any payments that are converted, along with the exchange rate and primary method used for currency conversions. |
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end
^--3LM3^+?Q1U_QS<6[!FLBZ):R>S!44XK[!\.^'
M=.\*:+::3I-I'8Z?:H(X8(AA44=JTJ* "BBB@ HHHH **** "BBB@ HHHH *
M**AO+I+*UEN)#A(E+M]!1L!\(_M(^*[J_P#BMJJ6UW/'!!M10DA ^Z,\ ^M>
M7_VUJ'_/]<_]_F_QJ]XUU)]7\6:M=.)"UTK/(P& N\$GKZ5]_8HP/2N>>4TJD*=-R=HEK$23;MN
M?.7[3O@GQ%XATOP]I'A_29[^VM482M$!@8"[>_L:L_LH?#36/!EMK%WK>GRZ
M?
Document Information |
12 Months Ended |
---|---|
Dec. 31, 2023 | |
Document Information: | |
Document Type | 2.01 SD |
Amendment | false |
CIK | 0000314203 |
Registrant Name | McEwen Mining Inc. |
Period End Date | Dec. 31, 2023 |
Reporting Currency | USD |
Payments, by Category - USD ($) |
Taxes |
Fees |
Total Payments |
---|---|---|---|
Total | $ 2,230,000 | $ 1,920,000 | $ 4,150,000 |
Payments, by Project - 12 months ended Dec. 31, 2023 - USD ($) |
Taxes |
Fees |
Total Payments |
---|---|---|---|
Total | $ 2,230,000 | $ 1,920,000 | $ 4,150,000 |
Black Fox Complex | |||
Total | 190,000 | 170,000 | 360,000 |
Gold Bar 306 | |||
Total | 1,190,000 | 60,000 | 1,250,000 |
Gold Bar 307 | |||
Total | 410,000 | 410,000 | |
Gold Bar South 317 | |||
Total | 30,000 | 30,000 | |
Tonkin 101 | |||
Total | 230,000 | 230,000 | |
Cornerstone 207 | |||
Total | 10,000 | 10,000 | |
Slaven Canyon 313 | |||
Total | 10,000 | 10,000 | |
South Midas 315 | |||
Total | 20,000 | 20,000 | |
New Pass 310 | |||
Total | 20,000 | 20,000 | |
Elder Creek: East Marigold 215 | |||
Total | 10,000 | 10,000 | |
Elder Creek: BMX Humboldt/Lander 202 | |||
Total | 80,000 | 80,000 | |
Fenix | |||
Total | $ 850,000 | $ 870,000 | $ 1,720,000 |
Payments, by Government - 12 months ended Dec. 31, 2023 - USD ($) |
Taxes |
Fees |
Total Payments |
---|---|---|---|
Total | $ 2,230,000 | $ 1,920,000 | $ 4,150,000 |
UNITED STATES | The Municipality of Eureka | |||
Total | 560,000 | 560,000 | |
UNITED STATES | The State of Nevada | |||
Total | 630,000 | 630,000 | |
UNITED STATES | The State of Nevada, US Department of Interior-Bureau of Land Management | |||
Total | 880,000 | 880,000 | |
CANADA | First Nation Band Government - Wahgoshig First Nations | |||
Total | 170,000 | 170,000 | |
CANADA | The Municipality of Black River, Black River Matheson | |||
Total | 190,000 | 190,000 | |
MEXICO | Federal Government of Mexico, Treasury of the Federation | |||
Total | $ 850,000 | $ 870,000 | $ 1,720,000 |
Payments, Details - 12 months ended Dec. 31, 2023 - USD ($) |
Amount |
Type |
Country |
Subnat. Juris. |
Govt. |
Project |
Resource |
Ext. Method |
---|---|---|---|---|---|---|---|---|
#: 1 | ||||||||
$ 560,000 | Taxes | UNITED STATES | snj:US-NV | The Municipality of Eureka | Gold Bar 306 | mux:ResourceGoldMember | Open Pit | |
#: 2 | ||||||||
630,000 | Taxes | UNITED STATES | snj:US-NV | The State of Nevada | Gold Bar 306 | mux:ResourceGoldMember | Open Pit | |
#: 3 | ||||||||
60,000 | Fees | UNITED STATES | snj:US-NV | The State of Nevada, US Department of Interior-Bureau of Land Management | Gold Bar 306 | mux:ResourceGoldMember | Open Pit | |
#: 4 | ||||||||
410,000 | Fees | UNITED STATES | snj:US-NV | The State of Nevada, US Department of Interior-Bureau of Land Management | Gold Bar 307 | mux:ResourceGoldMember | Open Pit | |
#: 5 | ||||||||
30,000 | Taxes | UNITED STATES | snj:US-NV | The State of Nevada, US Department of Interior-Bureau of Land Management | Gold Bar South 317 | mux:ResourceGoldMember | Open Pit | |
#: 6 | ||||||||
230,000 | Taxes | UNITED STATES | snj:US-NV | The State of Nevada, US Department of Interior-Bureau of Land Management | Tonkin 101 | mux:ResourceGoldMember | Open Pit | |
#: 7 | ||||||||
10,000 | Fees | UNITED STATES | snj:US-NV | The State of Nevada, US Department of Interior-Bureau of Land Management | Cornerstone 207 | mux:ResourceGoldMember | Open Pit | |
#: 8 | ||||||||
10,000 | Taxes | UNITED STATES | snj:US-NV | The State of Nevada, US Department of Interior-Bureau of Land Management | Slaven Canyon 313 | mux:ResourceGoldMember | Open Pit | |
#: 9 | ||||||||
20,000 | Fees | UNITED STATES | snj:US-NV | The State of Nevada, US Department of Interior-Bureau of Land Management | South Midas 315 | mux:ResourceGoldMember | Open Pit | |
#: 10 | ||||||||
20,000 | Taxes | UNITED STATES | snj:US-NV | The State of Nevada, US Department of Interior-Bureau of Land Management | New Pass 310 | mux:ResourceGoldMember | Open Pit | |
#: 11 | ||||||||
10,000 | Fees | UNITED STATES | snj:US-NV | The State of Nevada, US Department of Interior-Bureau of Land Management | Elder Creek: East Marigold 215 | mux:ResourceGoldMember | Open Pit | |
#: 12 | ||||||||
80,000 | Fees | UNITED STATES | snj:US-NV | The State of Nevada, US Department of Interior-Bureau of Land Management | Elder Creek: BMX Humboldt/Lander 202 | mux:ResourceGoldMember | Open Pit | |
#: 13 | ||||||||
170,000 | Fees | CANADA | snj:CA-ON | First Nation Band Government - Wahgoshig First Nations | Black Fox Complex | mux:ResourceGoldMember | Underground Mining | |
#: 14 | ||||||||
190,000 | Taxes | CANADA | snj:CA-ON | The Municipality of Black River, Black River Matheson | Black Fox Complex | mux:ResourceGoldMember | Underground Mining | |
#: 15 | ||||||||
850,000 | Taxes | MEXICO | Federal Government of Mexico, Treasury of the Federation | Fenix | mux:ResourceGoldMember | Open Pit | ||
#: 16 | ||||||||
$ 870,000 | Fees | MEXICO | Federal Government of Mexico, Treasury of the Federation | Fenix | mux:ResourceGoldMember | Open Pit |
0;L:_%<-LW\9Q^*
MN2I!D>B)UKKOLA[#!S-6T'<]Q9PW!%VBH&<\UO([)YV?41OY?)I!\DD7=V <
MU- YK1@LZ:-Q;Q.[>+(Z\%F[R+(T
M0DUZGXJD)L^[(SH>A.Y<[5QF%U=VBW/P3X1WZ&%Y=PHYE)?T])4.J4>O
M]%TO*;#QO"GC?=$VGM(