Welcome to our dedicated page for McEwen news (Ticker: MUX), a resource for investors and traders seeking the latest updates and insights on McEwen stock.
McEwen Inc. reports on precious-metals production and mineral development across gold, silver and copper assets in the Americas. Recurring company updates cover operating and financial results, mine and project development, drilling results, mineral resource estimates and NI 43-101 technical reports.
The company’s news commonly addresses the Gold Bar Mine Complex in Nevada, the Tartan Mine Project in Manitoba, gold and silver operations in Canada, the United States, Mexico and Argentina, and the Los Azules copper development project held through McEwen Copper. Coverage also includes shareholder voting matters, capital-structure disclosures, material agreements and exploration or joint-venture activity tied to its mineral portfolio.
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McEwen Copper Inc., a 52%-owned subsidiary of McEwen Mining (NYSE: MUX), announced significant drilling results from the Los Azules Project in Argentina. Highlights include:
- 0.50% Cu over 502 m, including 0.87% Cu over 172 m (AZ22181).
- 1.00% Cu over 282 m, including 1.40% Cu over 172 m (AZ22186).
- 0.66% Cu over 500 m, including 0.92% Cu over 276 m (AZ22184A).
The ongoing drilling program aims to upgrade resource classifications and provide data for a feasibility study by late 2024. McEwen Copper is utilizing 13 drills with local supplier engagement to enhance operational efficiency.
McEwen Mining (NYSE: MUX) reported its Q4 and full year results for 2022, marking a transition year with a 22% increase in gold production at the Fox Complex. The company incurred a consolidated net loss of $81.1 million, primarily due to investment in advanced projects. McEwen Copper secured investments from Stellantis and Nuton, raising its valuation to approximately $550 million. For 2023, production guidance is set at 150,000 to 170,000 GEOs. The Fox Complex's production efficiency improved, while Gold Bar faced a production decrease of 39% due to ore challenges. The company plans aggressive exploration to enhance production and reduce costs.