McEwen says stage is set for better 2023, urgency of copper IPO reduced

Canadian mining firm McEwen Mining has pushed out plans for going public with its copper venture to later in the year or early next year, chairperson and chief owner Rob McEwen said on Tuesday, noting that the recent investments by European automotive group Stellantis and diversified major Rio Tinto have reduced the urgency to do an initial public offering (IPO).

The transactions, announced late last month, have been transformative for the company, providing significant funding for the Los Azules project, in Argentina, eliminating the need to complete the proposed McEwen Copper IPO in the first half of 2023.