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Los Azules Requests Admission to Argentina's Incentive Regime for Large Investments [Yahoo! Finance]

McEwen Inc. (MUX) 
Last mcewen inc. earnings: 3/16 05:01 pm Check Earnings Report
Company Research Source: Yahoo! Finance
6 min read In This Article MUX McEwen Mining TORONTO, Feb. 11, 2025 (GLOBE NEWSWIRE) -- McEwen Copper Inc. , a subsidiary of McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) , is pleased to announce that its subsidiary Andes Corporación Minera S.A., has applied for admission of the Los Azules copper project to Argentina's Large Investment Incentive Regime (“RIGI”). The Los Azules Project involves an investment currently estimated at USD 2.7 billion, of which USD 227 million have been committed under the RIGI to complete the feasibility study, conduct additional exploration and perform preliminary work to render the project ready to commence construction. An additional investment of USD 2.5 billion is estimated to build the mine and production facilities as a future expansion of the RIGI project. Once admission to the RIGI is approved by the authority, Los Azules will have access to various benefits, including a drop in the corporate income tax rate from 35% to 25%, relief from v Show less Read more
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