McEwen Mining Inc 2024年度报告

Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or 15(d) of theSecurities Exchange Act of 1934 during the preceding 12months (or for such shorter period that the registrant was required to filesuch reports), and (2)has been subject to such filing requirements for the past 90days.Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to besubmitted pursuant to Rule405 of RegulationS-T (§232.405 of this chapter) during the preceding 12months (or for such shorterperiod that the registrant was required to submit such files).Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, asmaller reporting company or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,”“smaller reporting company” and “emerging growth company” in Rule12b-2 of the Exchange Act. Accelerated filer☒Smaller reporting company☐Emerging growth company☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transitionperiod for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the ExchangeAct.☐ Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of theeffectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C 7262 (b))by the registered public accounting firm that prepared or issued its audit report.☒ If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statementsof the registrant included in the filing reflect the correction of an error to previously issued financial statements.☐ Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis ofincentive-based compensation received by any of the registrant’s executive officers during the relevant recovery period pursuant to§ 240.10D-1(b).☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule12b-2 of the Exchange Act).Yes☐No☒ As of June 30, 2024 (the last business day of the registrant’s second fiscal quarter), the aggregate market value ofthe registrant’s voting and non-voting common equity held by non-affiliates of the registrant was$468,851,994based on theclosing price of $9.18 per share as reported on the NYSE. There were53,934,510shares of common stock outstanding onMarch 14, 2025. DOCUMENTS INCORPORATED BY REFERENCE:Portions of the registrant’s Proxy Statement for the 2025Annual Meeting of Shareholders are incorporated into PartIII, Items10 through 14 of this report. TABLE OF CONTENTS PART IITEM 1.BUSINESS3ITEM1A.RISK FACTORS19ITEM1B.UNRESOLVED STAFF COMMENTS39ITEM1C.CYBERSECURITY39ITEM 2.PROPERTIES40ITEM 3.LEGAL PROCEEDINGS57ITEM 4.MINE SAFETY DISCLOSURES57PART IIITEM 5.MARKET FOR COMMON EQUITY, RELATED STOCKHOLDERMATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES59ITEM 6.[RESERVED]59ITEM 7.MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIALCONDITION AND RESULTS OF OPERATIONS60ITEM7A.QUANTITATIVE AND QUALITATIVE DISCLOSURE ABOUT MARKETRISK86ITEM 8.FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA90ITEM 9.CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ONACCOUNTING AND FINANCIAL DISCLOSURE129ITEM9A.CONTROLS AND PROCEDURES129ITEM9B.OTHER INFORMATION131ITEM9C.DISCLOSURE REGARDING FOREIGN JURISDICTIONS THATPREVENT INSPECTIONS131PART IIIITEM 10.DIRECTORS, EXECUTIVE OFFICERS AND CORPORATEGOVERNANCE132ITEM 11.EXECUTIVE COMPENSATION132ITEM 12.SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS ANDMANAGEMENT AND RELATED STOCKHOLDER MATTERS132ITEM 13.CERTAIN RELATIONSHIPS, RELATED TRANSACTIONS ANDDIRECTOR INDEPENDENCE132ITEM 14.PRINCIPAL ACCOUNTANT FEES AND SERVICES132PART IVITEM 15.EXHIBITS AND FINANCIAL STATEMENT SCHEDULES133ITEM 16.FORM 10-K SUMMARY134SIGNATURES135 ADDITIONAL INFORMATION Descriptions of agreements or other documents in this report are intended as summaries and are notnecessarily complete. Please refer to the agreements or other documents filed or incorporated hereinby reference as exhibits. Please see Item 15, Exhibits and Financial Statement Schedules in this reportfor a complete list of those exhibits. SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS Please see the note under “Item 7.Management’s Discussion and Analysis of Financial Condition andResults of Operations,” for a description of special factors potentially affecting forward-lookingstatements included in this report. CAUTIONARY NOTE REGARDING DISCLOSURE OF MINERAL PROPERTIES MineralReserves and Resources We are subject to the reporting requirements of the Securities and Exchange Act of 1934, as amended(the “Exchange Act”) and applicable Canadian securities laws, and as a result, we have reported ourmineralreserves