Overview

• Under the agreement, Los Azules will integrate IFC Performance Standards on environmental and social sustainability to meet international investor criteria.
• McEwen says the pact positions IFC to potentially act as lead lender and equity partner, enabling future debt and equity financing for the project.
• Los Azules holds Environmental Impact Declaration approval, its technical and economic feasibility study is due in October 2025, and RIGI approval remains pending.
• A project redesign unified earlier stages into a single development with a consolidated core investment of roughly US$2.7–3.0 billion, with total costs expected to exceed US$3 billion when infrastructure is included.
• Michael Meding reported multiple financing indications, including letters of interest tied to equipment suppliers of up to US$700 million, and said the company seeks about US$200 million for the next 15 months.