McEwen Mining Inc.


10% NPI

Acquisition Date

2016 / Jan / 19

The Gold Bar property is located at the southeastern end of the Battle Mountain-Eureka-Cortez gold trend in Eureka County, Nevada. Within the property there are three defined gold deposits; Gold Pick, Gold Ridge, and Cabin Creek. The mineralization is similar for all three deposits and lies within 150 metres of surface, hosted in carbonate-rich sedimentary rocks of the Devonian McColley Canyon Formation. Gold Ridge and Cabin Creek are ancillary deposits and together comprise approximately 22% of the mineral resource. Sandstorm’s royalty covers the bulk of the mineral resource at Cabin Creek.

An updated Feasibility Study released in 2018 supports four open-pits mined in phases with first planned ore production coming from Cabin Creek. Gold Bar is designed as a 7,300 tpd operation with mined ore passing through a single stage of crushing and onto a heap-leach pad followed by an ADR recovery process. Gold recovery is estimated at 82% and average annual gold production is approximately 60,000 ounces over a 7.4-year mine life.

Current Probable Mineral Reserves at Gold Bar total 17.2 Mt at 0.84 g/t gold containing 423,100 ounces (effective December 1, 2020, no cut-off grades stated).

Recent Activities

March 2020
Most of the material mined during 2019 came from the Cabin Creek pits and gold production for the year totaled 30,705 ounces.

November 2019
McEwen closed a public offering for gross proceeds of approximately US$50 million. Part of the proceeds will be used to advance current mining projects and exploration prospects.

Cabin Creek


Cabin Creek Royalty Map
Gold Bar Royalty Map