McEwen Mining announced on August 4, 2025, that it expects to complete the feasibility study for its Los Azules copper mine in Argentina within two months. This completion is a critical step that will pave the way for the company to seek $600 million in financing for infrastructure development next year.
Michael Meding, Vice President of McEwen Copper, stated that approximately $300 million has already been spent on the Los Azules project. The total capital required for the project is estimated to be around $3 billion, underscoring the significant scale of the development.
The Los Azules project is projected to produce between 180,000 and 200,000 metric tons of copper annually by 2030. This update provides investors with a clearer timeline for the project's advancement and its substantial financing needs, as it moves closer to a production decision.
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