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Bullboard - Stock Discussion Forum 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... see more

NYSE:MUX - Post Discussion

McEwen Mining Inc > McEwan Copper
View:
Post by Inohnuttin on Feb 23, 2022 1:57am

McEwan Copper

I know many of you keep commenting on how Rob should have just sold the copper project, and tbh, people have been saying that for more years that I can remember.  Although, to me, it always seemed to be his intention to get the most value out of that play. Copper is finally in very huge demand globally and I for one am thrilled that we're still holding on to this. Even if McEwan Mining doesn't get it to full production, I believe the recent progress being made down there will increase its value and appeal for a potential sale. Have any of you been around here long enough to remember the last time McEwan tried to sell it and there was no interest? Well, mark my words, I believe that this current progress on the site will generate that interest or possibly exceed all expectations and who knows, maybe one day we'll also be producing copper? No need to cross your fingers; Rob McEwan knows what he's doing . . .

Inohnuttin
Comment by jcatalan on Feb 24, 2022 8:48am
The copper deposit is absolutely their most valuable asset.  Copper demand is going through the roof with the explosion in electric vehicle production.  In the press release of new manager at McEwin copper it mentioned an upcoming IPO. Does anyone know anything about this. Has it been mentioned in the past in any press release? If so where?
Comment by gisellekronk on Feb 24, 2022 9:24am
that is true the copper deposit is very valuable , but it is still 10 years or more before a pound of copper is dug up . so present value is low , the amount of money needed will be sky high . meanwhile the gold mine with gold that is being mined today is not doing very good (based on stock price , with a rising price of gold ) . rob needs to fix the here and now , instead of chasing years off ...more  
Comment by Inohnuttin on Feb 25, 2022 12:21am
Hey, I have always held and continued trading some MUX in my portfolio. Life got me really tied up and I haven't been paying attention to my holdings much lately. Last night I began my "digging" to see where things were at here with MUX. The huge issue with this company is the AISC per ounce. I feel like an "Amen" was appropriate after I wrote that last sentence, tbh. We ...more  
Comment by Inohnuttin on Feb 25, 2022 12:27am
Just look at Alamos gold for a comparison. They produce just over 100k ounces of gold and their AISC is in the $1300 range. Mux is flirting in the $1600 range which doesn't make this puppy all that attractive . . .
Comment by Tikinagan on Feb 25, 2022 9:30am
Your thoughts are sensible. You are right about costs, but I have thought for some time that being stretched over multiple countries diverted focus for MUX for not much gain, and left them vulnerable to various political risks and simple happenstance. In my druthers focus shifts increasingly onto Timmins resources, and someone out there (preferably a major player) pays well for a generous chunk of ...more  
Comment by Inohnuttin on Mar 02, 2022 9:30am
Just my thoughts and opinions: I was never pleased or keen on the idea of Gold Bar or the Nevada mines. The reason for this was that I felt the resource was too small and I always feared we'd be digging there just so that the revenues would continue supporting our digging down there. I feel that McEwan mining rushed into that, but I just hoped for the best while I traded it here and there. I ...more  
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