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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 EXRayOon Feb 29, 2024 10:26am
113 Views
Post# 35906336

Editorial comment: Past perfomance versus future return. . .

Editorial comment: Past perfomance versus future return. . .
Some will argue that prior results are no predictor of future performance.  Others argue that history has a way of repeating itself. . . 

The record is pretty clear, though:

Total write down of Gold Bar Mine in 2020 to the tune of $83.3 miliion (US), amongst other past (somtimes untold??) problems.

Lackluster performance in years following, including predicted earning loss to be announced on March 1s (tomorrow).

Stock performance for the last 10 years:

Perhaps time for bottom feeding?  OR will Rob & Co continue their downward sprial?  You choose what you care to believe. . .

IMHO I choose to invest elsewhere.
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