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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