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McEwen Mining Inc MUX

Alternate Symbol(s):  T.MUX

McEwen Mining Inc. is a gold and silver producer. It owns over 48% of McEwen Copper Inc., which owns the Los Azules copper project in Argentina. Its segments include Canada, United States, Mexico, Minera Santa Cruz S.A. (MSC) and McEwen Copper. The United States segment includes the Gold Bar mine and its exploration properties in the State of Nevada. Canada segment includes the Fox Complex gold properties, including its Froome underground mine; the Stock Project; the Stock mill; the Grey Fox exploration project; a number of exploration properties located near the city of Timmins, Ontario, Canada, and the Black Fox mine. Mexico segment includes the El Gallo mine and the related advanced-stage Fenix Project, located in Sinaloa state. MSC Segment includes 49% interest in the San Jose mine, located in Santa Cruz, Argentina. Its Eureka project includes the Lookout Mountain Property and the historical Lookout Mountain and Windfall Mines in a total property position of over 28 square miles.


NYSE:MUX - Post by User

Bullboard Posts
Post by BCBeaveron Jun 22, 2012 1:03pm
608 Views
Post# 20044658

MUX Shelf Filing: 'intentions to sell up to $200 m

MUX Shelf Filing: 'intentions to sell up to $200 m

McEwen Mining (MUX) Volatility Elevated Following $200M Mixed Shelf Filing; Shares Get Above 50-Day SMA



June 19, 2012 3:27 PM EDT



McEwen Mining (NYSE: MUX) shares have been volatile all day Tuesday following a late-Monday filing with the U.S. SEC disclosing intentions to sell up to $200 million in mixed securities.



Implied volatility is up 25.7 percent from Monday's close and at 73 percent of its trailing annual average.



Shares are 5.8 percent better for the session, though volume is slightly lighter than average. A win today would be the sixth-straight for the miner.



Also of note, McEwen crossed above its 50-day SMA on Monday and the metric is now calculated at $3.03.

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Source:

https://www.streetinsider.com/Insiders+Blog/McEwen+Mining+%28MUX%29+Volatility+Elevated+Following+%24200M+Mixed+Shelf+Filing%3B+Shares+Get+Above+50-Day+SMA/7528068.html

Bullboard Posts