[Form 4] McEwen Mining Inc. Insider Trading Activity

Rhea-AI Filing Summary

McEwen Mining Inc. (MUX) – Form 4 filing dated 07/01/2025

Vice-President, Finance Jeffrey Chan reported acquiring 778 shares of McEwen Mining common stock on 06/29/2025. The filing shows an "A" (acquisition) transaction code with a stated price of $0.00, indicating the shares were received without cash consideration (e.g., an equity award or similar transaction type as defined by Instruction 8). Following the transaction, Chan’s direct beneficial ownership increased to 2,267 shares.

No derivative securities were reported and there were no dispositions. The transaction is relatively small in absolute terms and represents routine insider activity rather than a material change in ownership or control.

Positive

• Insider acquisition rather than sale, which can be viewed as a minor vote of confidence.

Negative

• None.

Insights

Securities Analyst

TL;DR: Routine 778-share insider acquisition; immaterial to valuation, mildly positive signal.

The Form 4 discloses that VP-Finance Jeffrey Chan accepted 778 common shares at no cost, boosting his direct stake to 2,267 shares. The absence of a purchase price implies this was a stock award or similar grant. While insider acquisitions can signal confidence, the size—well under 1% of average daily volume and de minimis relative to McEwen’s 475 million outstanding shares—suggests limited market impact. No sales were reported, which avoids negative optics. From a governance perspective, continued ownership alignment by senior finance leadership is marginally positive but not financially material. Overall, the event is neutral for valuation and liquidity.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Chan Jeffrey

(Last) (First) (Middle)

C/O MCEWEN MINING INC.

150 KING STREET WEST, SUITE 2800

(Street)

TORONTO A6 M5H 1J9

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
McEwen Mining Inc. [ MUX ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	VP - Finance

3. Date of Earliest Transaction (Month/Day/Year)
06/29/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	06/29/2025		A		778	A	$0	2,267	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

	/s/ Jeffrey Chan	07/01/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

How many McEwen Mining (MUX) shares did Jeffrey Chan acquire?

He acquired 778 common shares on 06/29/2025.

What is Jeffrey Chan’s total direct ownership after the transaction?

His direct beneficial ownership stands at 2,267 shares following the reported acquisition.

Was the transaction a purchase for cash?

No. The Form 4 lists a $0.00 price, indicating no cash consideration.

Did the filing report any sales or derivative security activity?

No. The filing only reports the acquisition of common shares; no dispositions or derivatives were listed.

Does this Form 4 filing materially affect MUX’s share count or control?

No. The 778-share acquisition is immaterial relative to the company’s total shares outstanding.