McEwen Mining Inc MUX

Alternate Symbol(s): T.MUX

Metals & Mining Gold

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

McEwen Mining Inc > MUX Creates McEwen Copper Which Announces $80 Million Series

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Comment by DudeRancher1953on Jul 06, 2021 3:24pm

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Post# 33500107

RE:RE:MUX Creates McEwen Copper Which Announces $80 Million Series

Just to add to your comments, MUX retains 68.6% and gets the 1.25% NSR.
OK, basically MUX's copper asset was valued at $254 M as $80M will be paid for 31.4%.
This seems like a very low valuation and does not pass the smell test to me.
Remember some time back when posters were talking about this asset being worth $1B+?

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