McEwen Mining Inc. is offering $85 million in convertible senior notes to institutional buyers.

From GlobeNewswire: 2025-02-06 17:22:36

McEwen Mining Inc. plans to offer $85 million in convertible senior notes due 2030 to qualified institutional buyers. The notes will be convertible into cash or common stock at the Company’s election. Proceeds will be used to pay for capped call overlay, repay borrowings, and for general corporate purposes. The Company also expects to enter into capped call transactions to hedge against potential dilution of common stock. The offering is not registered under the Securities Act and is only available to qualified institutional buyers. The Company is an Eligible Interlisted Issuer as defined in the TSX Company Manual.

This news release contains forward-looking statements regarding the terms of the offering, use of proceeds, and effects of capped call transactions. Actual results may differ due to uncertainties and risks related to market conditions and the Company’s business. The NYSE and TSX have not reviewed the contents of this release. For more information, contact McEwen Mining Inc. at their Toronto office.



Read more at GlobeNewswire: McEwen Mining Inc. Announces Proposed Offering of $85