UNAUDITED PRO FORMA FINANCIAL INFORMATIONAsset Purchase Agreement • April 26th, 2018 • McEwen Mining Inc. • Gold and silver ores
McEwen Mining Inc. (the “Company” or “McEwen”) entered into an Asset Purchase Agreement (the “APA”) with Primero Mining Corp. (“Primero”) on August 25, 2017, whereby the Company, through a wholly-owned subsidiary, purchased and assumed the Purchased Assets and Assumed Liabilities as defined within the APA related to the Black Fox Complex for total cash consideration of $27.5 million, which is the purchase price of $35.0 million less closing adjustments. The transaction was completed on October 6, 2017. There are certain assets that, although considered a part of the Black Fox Complex, were not acquired, based on the terms of the APA.
