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. (NYSE/TSX: MUX) generates a steady flow of news related to gold, silver and copper projects across the Americas. This page aggregates company announcements, operational updates and technical disclosures so readers can follow how McEwen advances its mines and development assets.
Recent news highlights include exploration and development activity at the Gold Bar Mine Complex in Nevada, where drilling at areas such as Lookout Mountain, Windfall and Unity Ridge is aimed at increasing oxide gold resources, extending mine life and potentially increasing annual production. In Ontario’s Timmins district, McEwen reports drill results from the Froome Mine and the Froome West discovery within the Fox Complex, as well as extensive drilling and technical work at Grey Fox and nearby properties.
Updates also cover the company’s efforts to reactivate the El Gallo gold and silver mine in Mexico, including the extension of its Environmental Impact Assessment to support Phase 1 mill construction and later access to in-situ silver deposits. In Canada, McEwen has completed the acquisition of Canadian Gold Corp., adding the Tartan Mine Project near Flin Flon, Manitoba, and has reported high-grade drill intercepts that will feed into an updated mineral resource estimate.
In Argentina, news releases describe progress at the Los Azules copper project, including feasibility study results and participation in Argentina’s Large Investment Incentive Regime. McEwen also issues news on strategic investments such as its planned 31% interest in Paragon Geochemical Laboratories and its stake in Paragon Advanced Labs Inc., both linked to PhotonAssay™ technology. Investors can use this news feed to monitor drilling results, technical studies, acquisitions, permitting milestones, financing transactions and corporate developments affecting MUX.
McEwen Mining (MUX) announced the closing of the first tranche of its Series B private placement, raising $40 million by issuing 4 million common shares at $10 each. The offering is targeted towards accredited investors, with a minimum investment of $1 million. Post-offering, Rob McEwen owns 18.6% of McEwen Copper, which holds interests in the Los Azules project in Argentina and Elder Creek in Nevada. Proceeds will fund the Los Azules project's development, including a new access road and drilling activities, with plans for an IPO within 12 months.
McEwen Mining reported strong Q2 and H1 results for 2021, highlighting production in line with guidance of 141,000 to 160,400 GEOs. Key operational improvements led to significant cost reductions, particularly at Gold Bar and Fox Complex mines. The company raised $40 million for the Los Azules copper project, aiming to secure up to $80 million in total financing. Despite a net loss of $6 million in Q2, cash gross profit rose to $9.6 million. Robust financial metrics and exploration initiatives indicate potential growth opportunities ahead.
McEwen Mining (NYSE: MUX) invites stakeholders to a conference call on August 5, 2021, at 2:00 pm EDT, to discuss Q2 2021 financial results and project updates. Participants can join the call via phone after registration. The call will also be available as a recorded webcast on the company’s media page. McEwen Mining operates in North and South America, producing and exploring gold and silver. Forward-looking statements in the release highlight inherent risks and uncertainties, including market fluctuations and operational challenges.
McEwen Mining Inc. (NYSE: MUX) announced a remarkable increase in consolidated production for Q2 2021, reporting 31,700 gold ounces and 611,800 silver ounces, totaling 40,800 gold equivalent ounces (GEOs). This marks a significant rise from 19,200 GEOs in Q2 2020. Key mines include Gold Bar with 14,100 GEOs, Black Fox at 7,100 GEOs, and San José producing 18,300 GEOs. The company affirms it is on track with its 2021 production guidance and reported approximately $44 million in liquid assets as of June 30, 2021.
McEwen Mining Inc. (NYSE and TSX: MUX) announced a non-brokered private placement financing of up to 8,000,000 common shares of McEwen Copper Inc. at US$10.00 per share, aiming for gross proceeds of US$80 million. Rob McEwen will personally invest US$40 million for 4,000,000 shares. The funds will support the development of the Los Azules copper project and more. Following the offering, McEwen Mining will own 68.6% of McEwen Copper and plans an IPO within 12 months.
McEwen Mining Inc. (NYSE: MUX) will host its virtual annual shareholders meeting on June 28, 2021, at 4:00 p.m. Eastern Time. Shareholders can access the meeting at www.meetingcenter.io/236635772. Following formal proceedings, management will provide updates on operational performance and expansion plans, along with a Q&A session. Additionally, the presentation will be archived on the company's media page.
McEwen Mining operates across the Americas, focusing on gold and silver production, along with a significant copper deposit in Argentina.
McEwen Mining (NYSE: MUX) announced strong exploration results from its Stock West project, revealing significant gold intercepts, including 6.08 g/t Au over 25.7 m. The company is in a $20 million exploration program at Fox Complex, supporting a Preliminary Economic Assessment (PEA) for potential expansion. Encouraging results also come from the Gold Bar mine in Nevada and the San Jose project in Argentina, with a notable 62.5 g/t Au and 5,571 g/t Ag intercept. Overall, the drilling campaigns support McEwen's strategic growth initiatives.
McEwen Mining reported its Q1 2021 results, producing 23,300 gold ounces and 493,200 silver ounces, totaling 30,600 gold equivalent ounces. The company had $52.5 million in cash and liquid assets and net proceeds of $42 million from financings. A net loss of $12.5 million was reported, improved from $99.2 million in Q1 2020. Exploration investments totaled $6.8 million, with production expected to increase by 20-40% in 2021. Key developments include the completion of the first development horizon at the Froome deposit and an upcoming Preliminary Economic Assessment.
McEwen Mining Inc. (NYSE: MUX) announces a conference call on May 10, 2021, at 11:00 am EDT to discuss its Q1 2021 financial results and project updates. Participants can join the call via a provided registration link and the event will be archived on their website. McEwen Mining operates mines in the Americas and holds a copper deposit in Argentina. The company cautions that forward-looking statements in the release are subject to various risks and uncertainties, which may cause actual results to differ.
McEwen Mining (NYSE: MUX) reported consolidated production of 23,300 gold ounces and 493,200 silver ounces for Q1 2021, totaling 30,600 gold equivalent ounces (GEOs), down from 35,100 GEOs in Q1 2020. The company anticipates a production increase of 20-40% over the current year compared to 2020. Key operations include Black Fox with 5,200 GEOs, San José with 16,700 GEOs, Gold Bar at 7,400 GEOs, and El Gallo at 1,300 GEOs. Exploration budgets for 2021 are set at $9 million, $10 million, $5 million, and operations at El Gallo are under a new agreement.