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.
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.
McEwen Mining (NYSE: MUX) has announced two significant senior management appointments: Stephen McGibbon as Executive Vice President of Exploration and Ruben Wallin as Vice President of Environment, Health, Safety & Sustainability. Both individuals have proven track records in the mining industry, with McGibbon previously contributing to Goldcorp’s success at the Red Lake mine and revitalizing the Hardrock Project. Wallin brings over 30 years of global experience in environmental and sustainability practices, having worked with major mining operations in Canada and internationally.
McEwen Mining (NYSE: MUX) announced the restoration of activities at its El Gallo Project in Mexico after resolving community concerns. A new 10-year agreement has been established, ensuring enhanced support for local communities and increased operational stability. This development is expected to contribute positively to the long-term viability of the El Gallo operation, benefitting both the company and the surrounding communities.
McEwen Mining (NYSE: MUX) has temporarily suspended operations at its El Gallo Project in Mexico due to an illegal blockade by local community members, who are demanding increased payments and infrastructure improvements. The company has maintained a good relationship with the local communities since mining began in 2012. Minimal staff remains on-site to secure the area and environmental systems as negotiations for a peaceful resolution continue. El Gallo is expected to contribute 3-4% to the company’s gold equivalent production in 2021.