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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

Post by arh0070on May 03, 2021 12:07pm
521 Views
Post# 33114450

Los Azules

Los AzulesThere is no question that this is the jewel in the Crown .The two big problems in realizing its value is ;1) Mux doesn't have the money to develop it having barely avoided bankruptcy ;2) its in Argentina with significant political risk ,so how to find a jv partner or a buyout to risk billions of dollars over multiple years  to develop it in Argentina which is going broke again for the 10th time in the last 100 yrs .There is a reason for the song"don't cry for me Argentina".
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