McEwen Mining Inc was organized under the laws of the State of Colorado on July 24, 1979 under the name Silver State Mining Corporation. On June 21, 1988, it changed name to U.S. Gold Corporation and on March 16, 2007, it changed name to U.S. Gold Corporation. On January 24, 2012, it changed its name to McEwen Mining Inc. after the completion of the acquisition of Minera Andes Inc. by way of a statutory plan of arrangement under the laws of the Province of Alberta, Canada. The Company is a mining and minerals exploration company focused on precious and base metals in Argentina, Mexico and the United States. Its operating segments include Mexico, Argentina and the United States. The product at its gold and silver operations is either in the form of doré or concentrate. Doré is an alloy consisting of gold and silver but also containing other metals. Doré is sent to refiners to produce bullion that meets the required market standard of 99.95% gold and 99.9% silver. The Company competes with many companies in the mining and mineral exploration and production industry, including established mining companies with substantial capabilities, personnel, and financial resources. The Company's operations are subject to numerous federal, provincial and local laws, regulations and ordinances governing mineral rights, operations and environmental protection.
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