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McEwen Mining Inc MUX

Alternate Symbol(s):  T.MUX

Metals & Mining Gold
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

McEwen Mining Inc
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Post by BCBeaveron Jul 23, 2012 4:20pm
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Post# 20143766

Nevada Properties Update? NR Dated 071612

Nevada Properties Update? NR Dated 071612

https://www.stockhouse.com/Community-News/2012/July/16/Gold-junior-controls-five-properties-in-mining-fri

Above is a News Release which I accidentally bumped into on front pages of Yahoo Finance News, entitled:

'Gold Junior Controls Five Properties in Mining-Friendly Nevada' dated July 16, 2012

This much is clear; McEwen Mining took over Tone Resources to gain Nevada properties.

The article goes on to state what the former owners are now doing: fundraising towards drilling programs on remaining owned properties under the direction of the principals' newly-formed entity, Sniper Resources.

Not so sure what's meant by 2nd comment below the NR but it sounds like it's good to be rid of them.

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