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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
Comment by PineappleTraderon Sep 17, 2012 10:13am
259 Views
Post# 20375237

RE: Good news for MUX

RE: Good news for MUX

New Consititutional changes are temporary. Polices keep changing there. Protest is good. Which means they want a new person in charge and to get mass favour, he/she will not make the change and stick to the original consititution. 

 

MUX is debt free currently and is cashed up until Jan / Feb 2013. If the Arg. policy isn't changed by Jan 2013 (that is, it doesn't go back to original), MUX will have to do financing for construction of Phase II. Otherwise the Millions sitting from dividend in Argentina will fund the project and no  financing needed in 2013. 

 

Bullboard Posts