Video News/NBC London CEO Mining Conference 2025

McEwen Copper Vice President and General Manager Michael Meding says the new feasibility study for the Los Azules project confirms annual production of about 148 thousand tons of copper cathode over a 21-year mine life. Speaking at the NBF CEO Mining Conference in London, he said Argentina’s new RIGI fiscal regime “recovers lost trust in Argentina” by restoring clarity and long-term stability for major investment. Meding added that the project’s potential extends beyond 50 years as new technologies are applied. Financing interest continues to build, with export credit agencies and development banks showing early engagement and letters of interest already totaling about $1.1 billion. Meding also highlighted support from the United States for Argentina’s economic reforms and said McEwen Copper aims to begin early construction in late 2026 ahead of targeted first production in 2030. The company is evaluating the timing and venue of a potential IPO as Los Azules advances toward development.