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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 Bfor90on Nov 17, 2012 7:48pm
526 Views
Post# 20614382

Shoot first, ask questions later

Shoot first, ask questions later

Seems to be the reason for the stock falling. I'm a reluctant shareholder as McEwan grabbed Minerra at a scalding price IMO. The settlement with TNR seems to have set off this last  cascade. If you read the PR carefully you see the only substantial thing TNR won was 1,000,000 MUX shares. They have a potential to buy into a resource (if it is found and developed) up to a 25 % interest but they actually have to put of 50% of the expenses to earn that right.

Bullboard Posts