McEwen Mining Inc. Files Amendment to 2023 10-K

TL;DR

<b>McEwen Mining Inc. is filing an amendment to its 2023 10-K to provide previously omitted Part III information and new executive certifications.</b>

AI Summary

McEwen Mining Inc. (MUX) filed a Amended Annual Report (10-K/A) with the SEC on April 29, 2024. This filing is an Amendment No. 1 to the Form 10-K for the fiscal year ended December 31, 2023. The amendment is filed solely to include information for Part III, Items 10-14, which was previously omitted. It also removes a reference to incorporating information from the proxy statement into Part III. New certifications from principal executive and financial officers are included as exhibits. This amendment does not update any disclosures from the original 10-K or reflect events after its filing date.

Why It Matters

For investors and stakeholders tracking McEwen Mining Inc., this filing contains several important signals. The inclusion of Part III information is crucial for investors to access complete details on executive compensation, related party transactions, and corporate governance. The new certifications from officers underscore the company's commitment to regulatory compliance and accurate financial reporting.

Risk Assessment

Risk Level: — McEwen Mining Inc. shows moderate risk based on this filing. The risk is low as this is a procedural amendment to provide missing information and certifications, not a restatement or update of financial performance.

Analyst Insight

Investors should review the newly added Part III information for a comprehensive understanding of executive compensation and corporate governance at McEwen Mining Inc.

Key Numbers

• 2023-12-31 — Fiscal Year End (Conformed period of report)
• 2024-04-29 — Filing Date (Date the amendment was filed)

Key Players & Entities

• McEwen Mining Inc. (company) — Filer of the 10-K/A
• 2023 (date) — Fiscal year end
• December 31, 2023 (date) — Fiscal year end
• Part III, Items 10, 11, 12, 13 and 14 (other) — Sections being amended
• Rule 12b-15 (regulatory) — Governs the amendment process
• Securities Exchange Act of 1934 (regulatory) — Act under which the filing is made

FAQ

Industry Context

McEwen Mining Inc. operates in the gold and silver ores industry.

Regulatory Implications

The filing is made under the Securities Exchange Act of 1934, specifically Rule 12b-15 for amendments.

What Investors Should Do

1. Review the newly added Part III disclosures for executive compensation and related party transactions.
2. Examine the new executive certifications for compliance and accuracy.
3. Compare the updated Part III information with the original 10-K filing to understand the changes.

Year-Over-Year Comparison

This is an amendment to the previously filed 10-K for the fiscal year ended December 31, 2023, primarily to add missing Part III information and certifications.

Key Financial Figures

• $7.19 — 1,313,881 based on the closing price of $7.19 per share as reported on the NYSE. Ther

Filing Documents

• mux-20231231x10ka.htm (10-K/A) — 857KB
• mux-20231231xex31d3.htm (EX-31.3) — 6KB
• mux-20231231xex31d4.htm (EX-31.4) — 6KB
• mux-20231231x10ka006.jpg (GRAPHIC) — 34KB
• mux-20231231x10ka007.jpg (GRAPHIC) — 30KB
• mux-20231231x10ka008.jpg (GRAPHIC) — 30KB
• 0001104659-24-054209.txt (&nbsp;) — 2261KB
• mux-20231231.xsd (EX-101.SCH) — 7KB
• mux-20231231_def.xml (EX-101.DEF) — 11KB
• mux-20231231_lab.xml (EX-101.LAB) — 34KB
• mux-20231231_pre.xml (EX-101.PRE) — 20KB
• mux-20231231x10ka_htm.xml (XML) — 394KB

EXECUTIVE COMPENSATION

EXECUTIVE COMPENSATION 11 ITEM 12.

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS 27 ITEM 13. CERTAIN RELATIONSHIPS, RELATED TRANSACTIONS AND DIRECTOR INDEPENDENCE 28 ITEM 14. PRINCIPAL ACCOUNTING FEES AND SERVICES 29 PART IV ITEM 15. EXHIBITS, AND FINANCIAL STATEMENT SCHEDULES 30

SIGNATURES

SIGNATURES 34 ADDITIONAL INFORMATION Descriptions of agreements or other documents in this report are intended as summaries and are not necessarily complete. Please refer to the agreements or other documents filed or incorporated herein by reference as exhibits. Please see Item 15 (Exhibits and Financial Statement Schedules) in this report for a complete list of those exhibits. 2 Table of Contents PART III

DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE

ITEM 10. DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE Directors and Executive Officers The following table reflects our directors and executive officers as of the date of this Form 10 - K/A: Board Position Name Age Positions With the Company Held Since Robert R. McEwen 74 Chairman of the Board and Chief Executive Officer 2005 Allen V. Ambrose (1)(2) 67 Director 2012 Richard W. Brissenden (2)(3) 79 Director 2012 Nicolas Darveau-Garneau 55 Director 2023 Robin E. Dunbar (1)(3) 65 Director 2017 Michelle Makori (4) 46 Director 2023 Dr. Merri J. Sanchez (1) 61 Director 2022 William M. Shaver (2) 76 Interim Chief Operating Officer, Director 2021 Ian J. Ball (3)(4) 42 Director 2022 Perry Ing 48 Interim Chief Financial Officer — Carmen L. Diges 53 General Counsel and Secretary — Stefan M. Spears 42 Vice President, Corporate Development — Jeffrey Chan 38 Vice President, Finance — (1) Member of the Compensation, Nominating & Corporate Governance Committee. (2) Member of the Environmental, Health & Safety Committee. (3) Member of the Audit Committee. (4) Member of the Disclosure Committee. All of our directors named above except Mr. McEwen and Mr. Shaver are independent as defined under the New York Stock Exchange ("NYSE") Rules. The following information summarizes the recent (at least five years) business experience of our officers and directors: Our Directors Robert R. McEwen. Mr. McEwen became the Chairman of our Board of Directors and our Chief Executive Officer on August 18, 2005. Mr. McEwen was also Non - Executive Chairman of Lexam VG Gold Inc. ("Lexam") from January 2011 to April 2017, at which time we completed the acquisition of Lexam. Mr. McEwen was Chief Executive Officer of US Gold Corporation from 2005 - 2012 (when the name was changed to McEwen Mining Inc.) and was also the President and Chief Executive Officer of Minera Andes Inc. from June 2009 until January 2012, wh

View Full Filing

View this 10-K/A filing on SEC EDGAR