McEwen Inc 8-K, filed Jan 13, 2022
McEwen Inc. (MUX)
About this 8-K
McEwen Inc filed this 8-K on January 13, 2022, reporting on events of January 11, 2022.
Items reported
- Item 5.02: Director or officer change, or executive pay
- Item 7.01: Regulation FD disclosure
- Item 9.01: Financial statements and exhibits
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
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CURRENT REPORT
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| Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers |
On January 11, 2022, McEwen Mining Inc. (the “Company”) announced that Anna Ladd-Kruger, the Company’s Chief Financial Officer, has taken a leave of absence from her position with the Company for medical reasons. During her absence, other executive officers of the Company will assume her duties.
Also on January 11, 2022, the Company announced that Segun Odunuga, Vice President, Corporate Controller, has agreed to act as temporary principal financial officer of the Company until further notice. Mr. Odunuga, age 52, joined the Company in July 2021. From January 2016 to July 2021, he acted as the Head of Finance and IT for Asahi Refining North America, a leading metals refiner, where he was responsible for monitoring and reporting on financial performance and strategic financial direction for North American operations, including Canada, Mexico, the U.S. and Chile, in addition to managing the IT and human resource functions. From 2007 to 2015, he served as the assistant controller for Centerra Gold Inc., a leading North American gold producer. Mr. Odunuga is a member and Chartered Professional Accountant in Ontario and member and Chartered Accountant in Nigeria. He received a Masters of Business Administration from the Aspen University in Colorado and a Bachelors of Science in Social Studies from the Obafemi Awolowo University in Nigeria.
| Item 7.01 | Regulation FD Disclosure |
On January 11, 2022, the Company issued a press release announcing Ms. Ladd-Kruger’s leave of absence. A copy of the press release dated January 11, 2022 is attached to this report as Exhibit 99.1.
The information furnished under this Item 7.01, including the exhibit, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, except as shall be expressly set forth by reference to such filing.
| Item 9.01 | Financial Statements and Exhibits. |
| (d) | Exhibits. The following exhibit is furnished with this report: |
| 99.1 | Press Release dated January 11, 2022 |
| 104 | Cover Page Interactive Data File – the cover page XBRL tags are embedded within the Inline XBRL document (contained in Exhibit 101) |
Cautionary Statement
With the exception of historical matters, the matters discussed in the press release include forward-looking statements within the meaning of applicable securities laws that involve risks and uncertainties that could cause actual results to differ materially from projections or estimates contained therein. Such forward-looking statements include, among others, statements regarding future exploration, development, construction and production activities and other anticipated future events. Factors that could cause actual results to differ materially from projections or estimates include, among others, the continuing effects of the COVID-19 pandemic and related governmental responses, metal prices, economic and market conditions, operating costs, receipt of permits, receipt of working capital, and future drilling results, as well as other factors described in the Company’s Annual Report on Form 10-K for the year ended December 31, 2020, and other filings with the United States Securities and Exchange Commission. Most of these factors are beyond the Company’s ability to predict or control. The Company disclaims any obligation to update any forward-looking statement made in the press release, whether as a result of new information, future events, or otherwise. Readers are cautioned not to put undue reliance on forward-looking statements.
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SIGNATURE
Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
| McEWEN MINING INC. | ||
| Date: January 13, 2022 | By: | /s/ Carmen Diges |
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Carmen Diges, General Counsel | ||
Exhibit 99.1
McEwen Mining: CFO on Temporary Medical Leave
TORONTO, January 11, 2022 - McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) reports that Anna Ladd-Kruger, the Company’s Chief Financial Officer, is temporarily on leave for health reasons. She is expected to return to regular duties in the near future. During Mrs. Ladd-Kruger’s absence, other executive officers of the Company will assume her duties, including Segun Odunuga CPA, CA, MBA, Vice President, Corporate Controller, who will take responsibility for the management of the financial team and who will act as temporary principal financial officer until further notice.
CAUTION CONCERNING FORWARD-LOOKING STATEMENTS
This news release contains certain forward-looking statements and information, including "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. See McEwen Mining's Annual Report on Form 10-K for the fiscal year ended December 31, 2020 and other filings with the Securities and Exchange Commission, under the caption "Risk Factors", for additional information on risks, uncertainties and other factors relating to the forward-looking statements and information regarding the Company. All forward-looking statements and information made in this news release are qualified by this cautionary statement.
The NYSE and TSX have not reviewed and do not accept responsibility for the adequacy or accuracy of the contents of this news release, which has been prepared by the management of McEwen Mining Inc.
ABOUT MCEWEN MINING
McEwen Mining is a diversified gold and silver producer and explorer focused in the Americas with operating mines in Nevada, Canada, Mexico and Argentina. It also has a large exposure to copper through its subsidiary McEwen Copper, owner of the giant Los Azules copper deposit in Argentina.
| CONTACT INFORMATION: | ||
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Investor Relations: (866)-441-0690 Toll-Free (647)-258-0395
Mihaela Iancu ext. 320
info@mcewenmining.com |
Website: www.mcewenmining.com
Facebook: facebook.com/mcewenmining Facebook: facebook.com/mcewenrob
Twitter: twitter.com/mcewenmining Twitter: twitter.com/robmcewenmux
Instagram: instagram.com/mcewenmining |
150 King Street West Suite 2800, P.O. Box 24 Toronto, ON, Canada M5H 1J9
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