McEwen Mining’s top executive revealed in an interview that the company anticipates finalizing a feasibility study for its Los Azules copper mine in Argentina within two months. This paves the way for the Canadian miner to seek $600 million in financing next year, which is essential for building the necessary infrastructure.

Michael Meding, vice president of McEwen Copper, informed Reuters that the company’s copper division has already invested $300 million in the Andes Mountains project. Ultimately, the project will require approximately $3 billion. McEwen aims to secure 20% of the total investment, or $600 million, as soon as possible in the next year.

By 2030, Los Azules expects to produce between 180,000 and 200,000 metric tons of copper annually. It is one of eight major copper projects hoping to capitalize on the projected surge in copper demand in the coming years. Argentina’s copper deposits remain largely untapped, with no copper production since the closure of the Bajo de la Alumbrera mine in 2018.

Next year, Los Azules plans to expand the on – site encampment, construct roads, and erect electricity lines. Mine construction is scheduled to commence in 2027, with produ...