Minera Andes

Company Overview

Minera Andes Inc (TSX: MAI, OTCBB: MNEAF) is a producer of gold and silver and an explorer of gold, silver and copper in Argentina. Rob McEwen is the company's CEO and largest shareholder (30% ownership).

The company has three significant assets in Argentina:

- 49% interest in the producing San José gold/silver mine, located approximately 20 km north of Goldcorp's (Andean Resources') Cerro Negro project.^[1]

- 100% ownership of Los Azules, an advanced stage porphyry copper exploration project with an indicated and inferred resource of 2.2 billion and 10.3 billion pounds of copper; 300,000 and 2 million ounces of gold and 7.5 and 49.1 million ounces of silver.^[2]

- 100% ownership of approximately 133,700 acres of mineral rights bordering the Cerro Negro Project.^[3]

On June 14th 2011 Mr. McEwen announced that he intends to merge Minera Andes with US Gold Corporation to create a high growth, low-cost, mid-tier silver producer focused in the Americas. The merger is expected to be completed in the fall of 2011. The objective is to build a precious metal company that can qualify for the S&P 500 by 2015.^[4]

Rob McEwen was the founder and former Chairman and CEO of Goldcorp Inc (NYSE:GG TSX:G). During his tenure, Goldcorp's market capitalization grew from US$50 million to over US$8 billion.

External links

• Minera Andes Inc Homepage
• US Gold Corporation Homepage
• McEwen Capital's Corporate Homepage
• Rob McEwen's Homepage
• Minera Andes Summary - Wikinvest

References

1. ^ "project info". http://minandes.com/projects/san-jose-mine/default.aspx. Retrieved June 20, 2011. 
2. ^ "project info". http://minandes.com/projects/los-azules-project/default.aspx. Retrieved June 20, 2011. 
3. ^ "project info". http://minandes.com/projects/Exploration/default.aspx. Retrieved June 20, 2011. 
4. ^ "press release". http://usgold.com/index.php?option=com_content&view=article&id=388:20110614-merger. Retrieved June 17, 2011.