Page 43 Contd from pg 42 and Stock deposits into production The Black Fox Mine has a 2018 guid ance of 48000 oz and has produced 37000 oz as of the 3rd quarter It won t happen overnight cau tioned Stewart It will start over the next 45 years And there also is the potential of the Lexum Fuller Paymaster T isdale properties that will fgure into future McEwen s production As McEwen Mining grows so will the opportunities for mining supply and services companies So far McEwen spent 124 million in the T immins area to the beneft of local business Another 42 million across Canada and mainly in Ontario The majority of the of the people working at Black Fox are from the T immins Kirkland Lake and Matheson areas Those numbers of expenditures will be going up once we start producing 140000 oz of gold per year Stewart said The attractive feature of the Black Fox complex is that the area has been un der explored There are lar ge areas where not even one drill hole has been drilled Stew art indicated Through drilling conducted by McE wen six new occurrences of gold de posits were found at high grades in the Black Fox site said Stewart There are lots of opportunities to see growth and we will continue to invest money in this camp pledged Stewart Stewart pointed out that at Black Fox currently is being mined at 810 me tres But mines operated signifcantly deeper levels and exploration results indicate there is more of gold 200 me tres below There is a lot of gold here we just have to spend the time and money and fgure this thing out said Stewart Exploration at the Stock Property also returned good results and could be produced as an open pit mine in the future In addition to the properties in North ern Ontario McEwen Mining also is working towards brining to production its Gold Bar Site in Nevada McEwen s Fenix Project is designed to extend the life of its El Gallo mine in Mexico In Ar gentina Los Azules holds great promise as the world s lar gest unde veloped high grade open pit copper projects Also in Ar gentina McEwen Mining holds a 49 percent stake in the San Jose Mine which produces gold and silver At the end of the day you have to have a lot of courage in mining Stew art said McEwen Mining has displayed plenty of courage and fnancial investments in Canada the US Mexico and Ar gen tina Stewart is confdent as is Robert McEwen that McEwen Mining will be a successful gold miner and in time achieve its goal of becoming a midtier gold producer and being listed to Stan dard and Poor s 500 McEwen Mining operates the Black Fox Complex through an experienced workforce that oversees the fully operational Black Fox underground mine forecast to produce 45000 ounces in 2019 and the Black FoxStock mill with a capacity of 2400 tonnes per day McEwen Mining is exploring multiple projects in the area such as Grey Fox Froome Stock East in Matheson and the Lexam projects in T immins Page 43 Opportunity for growth McEwen continues to invest