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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 michigan33on Jan 22, 2014 12:43pm
261 Views
Post# 22120964

RE:RE:NEWS- Final Enviro. Permit Received for El Gallo 2

RE:RE:NEWS- Final Enviro. Permit Received for El Gallo 2The next conference call should be interesting.  I don't think they're going to want to dilute anymore, but they don't have many options.  I still don't seem them being able to sell Los Azules anytime soon.  Maybe a large streaming deal??  Although I'm not sure Rob wants to lose any of his gold.  I do think he keeps the shareholders in mind, so I think the company will make a wise decision when it's all said and done.  The great thing is that the all-in sustaining costs for El Gallo 2 will be $800 (same as Nevada) per gold equivalent ounce.  This is very low and would mean decent profits with the current gold price.

I too would be curious about what others think.
Bullboard Posts