Welcome to our dedicated page for Mcewen Mng news (Ticker: MUX), a resource for investors and traders seeking the latest updates and insights on Mcewen Mng stock.
McEwen Mining Inc. (MUX) is a leading gold and silver producer with active mines and exploration projects across the Americas. This page serves as the definitive source for all official company announcements, operational updates, and strategic developments.
Investors and industry observers will find a centralized repository of earnings reports, production results, and exploration progress updates, along with analysis of partnerships and management initiatives. The curated collection enables efficient tracking of MUX's performance in precious metals markets and mining sector trends.
Content spans critical areas including quarterly financial disclosures, resource estimate revisions, and operational milestones from key assets like the El Gallo and San Jose mines. All materials are sourced from verified corporate communications to ensure reliability.
Bookmark this page for streamlined access to McEwen Mining's latest developments. Combine these updates with broader market context to inform your analysis of this dynamic precious metals producer.
McEwen Mining has filed an updated technical report for the Gold Bar Mine, prepared per NI 43-101 standards. The Feasibility Study (FS) estimates a discounted after-tax NPV of $55.2 million at a $1,500/oz gold price, with production projected at 302,000 oz over a 6-year mine life. While reserves decreased by 16% from 430,000 oz to 302,000 oz due to more accurate geological modeling, the updated resource estimates reflect significant drilling efforts totaling 110,500 feet. The FS indicates average annual cash flow of $14.4 million, highlighting the project's potential profitability.
McEwen Mining (NYSE: MUX) has filed a technical report for its Fenix Project, located in Sinaloa, Mexico, in accordance with NI 43-101 standards. The report reveals a 9.5-year mine life, with an attractive after-tax IRR of 28% at $1,500/oz gold, scaling up to 51% at $1,800/oz. The project plans to produce an average of 26,000 oz of gold annually in Phase 1 and 4.5 million oz of silver equivalent in Phase 2. Permits for Phase 1 are secured, and detailed engineering and financing evaluations are underway. The project proposes innovative tailings management methods to enhance safety and lower costs.
McEwen Mining (MUX) announces its involvement with the XPRIZE Foundation's $100 million Carbon Removal challenge, funded by Elon Musk. This initiative aims to combat climate change by encouraging innovative ideas to reduce CO2 emissions. Rob McEwen, Chairman of McEwen Mining and XPRIZE board member, encourages global participation in this competition.
McEwen Mining operates in the Americas, focusing on gold, silver, and copper production. The company emphasizes environmental responsibility and innovation in mining.
McEwen Mining (MUX) has successfully closed a registered direct offering of common shares, generating US$31.5 million in gross proceeds. This financing, despite being below perceived value, is crucial for funding the Froome deposit into production and strengthening the company's balance sheet. The offering received over US$120 million in demand, indicating investor confidence. McEwen Mining operates in the Americas and is focused on gold and silver production.
McEwen Mining (MUX) announced an oversubscribed registered direct offering of 30,000,000 shares at $1.05 each, aimed at financing the Froome deposit's production and strengthening its balance sheet. This funding is critical for the Fox Complex's growth, projected to enhance gold production while reducing costs. The offering is set to close on February 9, 2021, following necessary approvals. The shares are offered under an effective shelf registration statement with the SEC, ensuring compliance and transparency in the process.
McEwen Mining Inc. (MUX) provided a 2021 update highlighting significant operational progress across its projects. The Fox Complex, with 3 million ounces of gold resources, aims to boost production from 30-40,000 oz to 100-150,000 oz annually. The Black Fox Mine's Froome deposit is ahead of schedule for commercial production by Q4 2021. Financing closing of $12.7 million will support development activities. Additionally, the San José mine resumed operations, while preliminary assessments at the Gold Bar Mine noted a 16% reserve reduction.
McEwen Mining (NYSE: MUX) reported a strong production rebound in Q3 2020, with a total of 23,100 gold ounces and 575,000 silver ounces, equating to 30,400 gold equivalent ounces (GEOs). This growth followed the restart of operations after COVID-19 related shutdowns. Key developments include progress at the Black Fox mine, producing 5,800 GEOs, and advancements on the Froome development, aiming for commercial production by Q4 2021. The company also initiated a Preliminary Economic Assessment for further growth in the Fox Complex, projecting significant future production increases.
McEwen Mining (NYSE: MUX) announced the appointment of Anna Ladd-Kruger as Chief Financial Officer effective immediately. Anna brings over 20 years of mining industry experience, having previously served as CFO at Excellon Resources and Trevali Mining. Her leadership was pivotal in financial transformations and successful acquisitions. She has raised over $1 billion in debt and equity and holds a CPA designation along with advanced degrees. Rob McEwen, Chairman, expressed confidence in her ability to lead the finance team amidst industry challenges.
McEwen Mining has successfully closed a private placement offering, raising US$10.4 million through the sale of 6,298,166 flow-through shares at US$1.65 each. The funds will be dedicated exclusively to exploration activities in the Timmins region. The offering was led by Cantor Fitzgerald Canada Corporation and involved multiple underwriters. Importantly, the shares will not be available for public sale in the U.S. due to regulatory constraints.
This press release contains forward-looking statements, reflecting uncertainties that may affect actual future results.
McEwen Mining (NYSE: MUX) has announced a strategic financing of US$9.91 million (Cdn$13.08 million) through a bought deal private placement of 6 million flow-through common shares priced at US$1.65 (Cdn$2.18) per share. This price reflects a 21% premium over the previous closing price. The funds will be allocated exclusively for exploration activities in the Timmins region of Ontario. The offering is expected to close by September 10, 2020, pending customary closing conditions.
FAQ
What is the current stock price of Mcewen Mng (MUX)?
What is the market cap of Mcewen Mng (MUX)?
