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McEwen Mining Inc MUX

Alternate Symbol(s):  T.MUX

McEwen Mining Inc. is a gold and silver producer with operations in Nevada, Canada, Mexico and Argentina. In addition, it owns approximately 47.7% of McEwen Copper Inc., which owns the advanced stage Los Azules copper project in Argentina. Its segments include United States, Canada, Mexico, Minera Santa Cruz (MSC) and McEwen Copper. The United States segment comprises the Gold Bar mine and its exploration properties in the State of Nevada. The Canada segment comprises the Fox Complex gold properties, which includes its Froome underground mine; the Grey Fox and Stock West advanced-stage projects; the Stock mill; a number of exploration properties located near the city of Timmins, Ontario, Canada, and the Black Fox mine, which is on care and maintenance. The Mexico segment includes the El Gallo mine and the related advanced-stage Fenix Project, both located in Sinaloa state. The MSC Segment comprises a 49% interest in the San Jose mine, located in Santa Cruz, Argentina.


NYSE:MUX - Post by User

Post by arh0070on May 03, 2021 12:07pm
494 Views
Post# 33114450

Los Azules

Los AzulesThere is no question that this is the jewel in the Crown .The two big problems in realizing its value is ;1) Mux doesn't have the money to develop it having barely avoided bankruptcy ;2) its in Argentina with significant political risk ,so how to find a jv partner or a buyout to risk billions of dollars over multiple years  to develop it in Argentina which is going broke again for the 10th time in the last 100 yrs .There is a reason for the song"don't cry for me Argentina".
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