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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 goodtoreadthison Jul 10, 2019 10:47am
103 Views
Post# 29903746

Bought more

Bought moreIt has been many years since I bought additional shares of MUX. This time it felt imperative to do so. First mgt is marvelous. I have never seen -and I have been active in the mkt since 1962- a better presentation of the details relating to several mines than we saw in the 2 hours web presentation preceeding the annual meeting. NO ONE has even attempted to do that in my experience.  RM constantly comes up with NEW substantive ways he can add to MUX's value. Second the read outs from the drilling at Grey Fox, and Black Fox have been VERY  impressive. Third Los Azules seems to be getting almost at the point where it turns into a real asset for MUX.Fourth, the morale of the MUX presenters could not be higher. RM is like Bellichick-- he is all business all the time and he manages in an innovative way. Fifth, DJT is slowly ruining our economy by reneging on deals and trying to bully allies while praising long time threats to US security. He's killed the soybean market, increased unemployment in the coal fields, mis-represented the immigration problem, doubled the deficit, greatly enriched himself and his buddies with his tax cut, failed to do desperately needed infrastructure, wildly increased the already bloated defense budget, etc etc.  How we could have elected a person who bankrupted 4 casinos, caused the failure of the Trump shuttle, the NJ Generals football team, and lost more money over 10 years than ANY other citizen is beyond me. He's very likely to get reelected which will make MUX even more valuable. 

MUX holds a goodly number of shares in Golden Predator, Nighthawk, and Great Bear and RM has a history of buying all of a company he holds shares in. 

Nice to add to an already healthy position. 
Bullboard Posts