McEwen Mining (NYSE:MUX) (TSE:MUX) has the goal to qualify for inclusion in the S&P 500 Index by creating a profitable gold and silver producer focused in the Americas. McEwen's principal assets consist of: the San José mine in Santa Cruz, Argentina (49% interest); the Black Fox mine in Timmins, Canada; the Fenix Project in Mexico; the Gold Bar mine in Nevada, currently under construction; and the large Los Azules copper project in Argentina, advancing towards development.
McEwen has approximately 345 million shares outstanding. Rob McEwen, Chairman and Chief Owner, owns roughly 23% of the shares.
McEwen Mining Inc
NYSE:MUX ISIN:US58039P1075
News
McEwen Mining Inc. (NYSE:MUX) (TSE:MUX) is pleased to announce drill results that we expect will extend the mine life and improve the gold grade of El Gallo 1. Drilling is ongoing and an updated resource estimate for El Gallo 1 will be released in Q3 2015.
McEwen Mining Inc. (NYSE:MUX) (TSE:MUX) reports gold production increased 23% and silver production decreased 10% in Q1 2015 vs Q1 2014. Gold and silver recoveries were artificially low as a result of the recent gold theft and will return to normal in Q2. Production costs for Q1 2015 will be reported with the quarterly financial results in early May 2015.
The Company had record production in the fourth quarter and full-year 2014, beating both production and cost guidance. The strong operational performance in the fourth quarter is projected to continue throughout 2015.
McEwen Mining Inc. (NYSE:MUX) (TSE:MUX) has subscribed, by way of a private placement, 8,333,333 common share units (the "Units") of Visible Gold Mines Inc.
McEwen Mining's (NYSE:MUX) (TSE:MUX) Chief Owner, Rob McEwen, along with members of senior management, will be hosting a conference call Thursday May 8, 2014 at 11 AM EDT to provide the Q1 2014 Company update.
At December 31, 2013, McEwen Mining (TSE:MUX) (NYSE:MUX) had cash and liquid assets of $25.6 million, comprised of cash totaling $24.3 million and gold and silver of $1.3 million. The Company remains debt free.
McEwen Mining Inc. (NYSE:MUX) (TSE:MUX) is pleased to announce an updated mineral reserve and resource estimate for the San Jose mine (49% owned by McEwen Mining), located in Santa Cruz province, Argentina.
McEwen Mining's (NYSE:MUX) (TSE:MUX) Chief Owner, Rob McEwen, along with members of senior management, will be hosting a conference call Tuesday March 11, 2014 at 11 AM EST to provide the Q4 and full-year 2013 Company update.
Rob McEwen will be giving his outlook on the gold and silver market, an update on the El Gallo 1 mine expansion, recent developments at the San Jose mine and their strategy for advancing construction of the El Gallo 2 and Gold Bar projects.
McEwen Mining (TSE:MUX) President Ian Ball Discusses Q3 Results. The following highlights form part of the full Q3 results, which can be viewed on the McEwen Mining website.
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