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Bullboard - Stock Discussion Forum
McEwen Mining Inc
MUX
Alternate Symbol(s):
T.MUX
Metals & Mining
Gold
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.
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NYSE:MUX - Post Discussion
McEwen Mining Inc
> McEwen Mining Reduces Debt by 39%
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•••
Betteryear2
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Post by
Betteryear2
on May 23, 2023 4:20pm
McEwen Mining Reduces Debt by 39%
TORONTO, May 23, 2023 (GLOBE NEWSWIRE) --
McEwen Mining Inc. (NYSE: MUX) (TSX: MUX)
(“McEwen Mining” or the “Company”) today reported that it has repaid
$25 million
of its senior secured debt payable to Sprott Resource Lending (“Sprott”) and Sprott is no longer a lender.
McEwen Mining Reduces Debt by 39% (globenewswire.com)
(31)
•••
Dormie18
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Comment by
Dormie18
on May 29, 2023 2:57pm
I would have thought that getting Sprott off the balance sheet would have been widely praised. It's good by me!
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