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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 goodtoreadthison Aug 05, 2019 10:53am
115 Views
Post# 29994562

RE:Second quarter results not bad considering

RE:Second quarter results not bad consideringAs we all know Rob M is a careful guy when it comes to spending money. I am still WOWed by the fact that they have 11 drills running at Black Fox.  Given that they spent $35 mil to buy the whole place at a fire sale price and they are spending 19 mil to drill it, unless someone is seriously drunk 24 hours per day, we have a strong winner here in my view. 

That the price of silver seems to be going up -on avg- and we produce 800K ounces per qtr, we should see an income increase there also.  
Bullboard Posts