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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 oxinoson Nov 22, 2019 9:18am
305 Views
Post# 30381707

The time has come to start accumulating....

The time has come to start accumulating....MUX shares. I had sold out my position earlier when it was trading over $2.16. Now with the financing announced and usually done at a discount to market it's time to start accumulating again in my opinion. The share price is down more than 26% since the 3rd quarter results were announced. I still believe Rob McEwen is able to turn things around and to create value for shareholders.  The Black fox property has a lot of potential and the drilling program is proving up more resources which will add years to the mine life. The last drill numbers were impressive. In addition the Los Azules project in Argentina is worth a lot more than the total capitalization of MUX. 
Bullboard Posts