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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

Comment by Tikinaganon Jun 23, 2021 9:42am
275 Views
Post# 33433632

RE:RE:RE:will mux run more?

RE:RE:RE:will mux run more?The Froome deposit is part of the Black Fox mine in the Timmins Gold Camp. The access is expected to be completed later this year and should increase both total output, and decrease costs per ounce. MUX knows that Los Azules is well beyond their ability to develop and are seeking a partner, likely with deep pockets, copper focus, and South American experience. I imagine RM is trying to drive a tough bargain because of the bull in copper, and its likelihood of being win/win for MUX and whoever the other company ends up being. 
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