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 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.