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McEwen Mining Inc - MUX STOCK NEWS

Welcome to our dedicated news page for McEwen Mining (Ticker: MUX), a resource for investors and traders seeking the latest updates and insights on McEwen Mining.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect McEwen Mining's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of McEwen Mining's position in the market.

News
McEwen Mining Announces Friendly Acquisition of Timberline Resources
Rhea-AI Summary
McEwen Mining Inc. announces the friendly acquisition of Timberline Resources , offering a 132% premium to Timberline shareholders. The deal involves an Exchange Ratio of 0.01 McEwen share for each Timberline share, valued at US$0.102 per Timberline share. McEwen expects to issue approximately 1.84 million shares for a total transaction value of US$18.8 million. The Transaction is subject to regulatory and shareholder approvals, with Timberline's board unanimously recommending approval.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.95%
Tags
acquisition
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News
McEwen Mining: 2023 Year End and Q4 Results
Rhea-AI Summary
McEwen Mining Inc. reported a significant turnaround in 2023 with a net income of $54.7 million or $1.15 per share compared to a net loss of $81.1 million in 2022. Despite challenges in gold production at some mines, the company is focused on growth plans for 2024, particularly with its subsidiary McEwen Copper. Financially, the company deconsolidated McEwen Copper resulting in a gain of $224 million and recognized a total investment value of $384 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
11.56%
Tags
none
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News
McEwen Mining 2023 Results Conference Call
Rhea-AI Summary
McEwen Mining Inc. (MUX) will hold a conference call on March 1st, 2024, to discuss its Q4 and year-end 2023 financial results and project developments. Participants can ask questions during the webcast, and an archived replay will be available on the company's media page.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.3%
Tags
none
News
McEwen Mining: Stock Exploration Update
Rhea-AI Summary
McEwen Mining Inc. reports a 31% increase in gold resources at Stock Mine property in Northern Ontario. Stock East shows potential for near-term production. Assay highlights include high-grade gold findings.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.3%
Tags
none
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News
McEwen Copper: Update on Assay Results at Los Azules
Rhea-AI Summary
McEwen Copper Inc., majority-owned by McEwen Mining Inc. (NYSE: MUX), announces assay results from the 2022-2023 season, highlighting significant copper grades. The company is fully funded for the current drilling campaign, seeking additional funding for feasibility engineering. The Los Azules project progresses towards a feasibility study by Q1 2025, with a record-setting drill season underway.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.65%
Tags
none
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News
McEwen Copper Reports Improved Copper Recovery
Rhea-AI Summary
McEwen Copper Inc., majority-owned by McEwen Mining Inc. (NYSE: MUX), reports a 3.2% increase in predicted copper recovery at Los Azules following successful metallurgical testing. The results showed an average copper recovery of 76.0%, up from the 72.8% recovery rate used in the previous assessment. The increase in recovery and reduction in acid consumption could lead to significant production and financial gains for the project. The testing program is progressing with additional phases to support the Feasibility Study, showcasing promising results for the future of the project.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.89%
Tags
none
News
McEwen Mining: 2023 Production and Guidance for 2024
Rhea-AI Summary
McEwen Mining Inc. reports strong full year and fourth quarter 2023 production results with 154,600 gold equivalent ounces for the year. Production at Gold Bar and Fox mines met guidance, while San José slightly fell below. The company anticipates lower production in 2024 due to reduced output from Fox and San José.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-7.64%
Tags
none
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News
McEwen Mining Closes Flow-Through Financing
Rhea-AI Summary
McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) has successfully closed a private placement financing of 1,903,000 flow-through common shares, raising US$16.1 million (Cdn$22,016,150) for Canadian Exploration Expenditures (CEE) and Canadian Development Expenditures (CDE) on its properties in the Timmins region. Cantor Fitzgerald Canada Corporation and Roth Capital Partners, LLC acted as exclusive co-lead placement agents for the Offering, and PearTree Canada structured the flow-through donation placement.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.36%
Tags
none
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News
McEwen Mining Appoints a New Director
Rhea-AI Summary
McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) welcomes Nicolas Darveau-Garneau, an AI and digital transformation expert, as the newest member of their Board of Directors. With over 25 years of experience, Nick has worked with top companies like Google and Coveo, bringing valuable expertise to the table.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.36%
Tags
management
News
McEwen Mining: Q4 Preview
Rhea-AI Summary
McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) reports an increase in consolidated production, with a forecast of 154,200 gold equivalent ounces for 2023. Gold Bar production increased to 7,800 gold ounces in November, leading to a strong financial position for 2024. The company is focused on driving operational improvements and growth projects.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
8.94%
Tags
none
Stock MUX logo
McEwen Mining Inc

NYSE:MUX

MUX Rankings

#2800 Ranked by Market Cap
#154 Ranked by Stock Gains
N/A Ranked by Dividends

MUX Stock Data

559.66M
41.10M
16.75%
21.06%
2.67%
Gold Ore Mining
Mining, Quarrying, and Oil and Gas Extraction
Link
Canada
Toronto

About MUX

the goal of mcewen mining is to qualify for inclusion in the s&p 500 by creating a high growth gold producer focused in the americas. mcewen mining's principal assets consist of the san josé mine in santa cruz, argentina (49% interest); the el gallo complex in sinaloa, mexico; the gold bar project in nevada, us; the los azules project in san juan, argentina and a large portfolio of exploration properties in argentina, mexico and nevada. mcewen mining has 297,417,091 shares issued and outstanding at august 7, 2014. rob mcewen, chairman, president and chief owner, owns 25% of the shares of the company (assuming all outstanding exchangeable shares are exchanged for an equivalent amount of common shares). as of june 30, 2014 mcewen mining had cash and liquid assets of approximately us$16.6 million.