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McEwen Mining Inc T.MUX


Primary Symbol: 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

Comment by InvestockRealon May 04, 2021 8:16am
334 Views
Post# 33121899

RE:Los Azules

RE:Los Azules

1) The answer to the first question is a JV (50/50, 40/60 or 30/70). Then McEwen should raise some money and take some debt. Something similar to what Josemaria resources and Filo Mining are doing. If they take a lower interest, then McEwen Mining will get more money and will need to add less money to the project. This can also be done with a spin-off of Los Azules.
 

2) The answer to the second question is the Pebble Project. There could be problems anywhere, either in Argentina or in US. So there is an inherent risk in mining, but it is something general, and not specific to Argentina.

 
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