McEwen Mining and IFC sign collaboration agreement

The International Finance Corporation, or IFC, a member of the World Bank Group, and McEwen Copper, a subsidiary of McEwen, have signed a collaboration agreement to support aligning the Los Azules copper project with IFC’s environmental, social, and governance standards for potential future debt and equity financing, an important milestone in McEwen Copper’s broader financing strategy for the project. Situated in Argentina’s San Juan province, Los Azules is one of the world’s largest undeveloped copper deposits. The project has secured Environmental Impact Declaration (EIA) approval, and its feasibility study is slated for completion by October 2025. McEwen Copper has also applied for Argentina’s Large Investment Incentive Regime (RIGI). Upon completion of final engineering and securing financing, Los Azules is positioned to begin construction, underscoring the company’s dedication to sustainable mining practices that drive economic growth, job creation, and social development in San Juan and beyond. The agreement emphasizes integrating IFC’s Performance Standards on Environmental and Social Sustainability into Los Azules’ development.