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Mcewen Mining inc   (MUX)
Other Ticker:  
 
    Sector  Basic Materials    Industry Metal Mining
   Industry Metal Mining
   Sector  Basic Materials
 
Price: $8.4600 $-0.14 -1.628%
Day's High: $8.59 Week Perf: 1.93 %
Day's Low: $ 8.23 30 Day Perf: 36.23 %
Volume (M): 1,000 52 Wk High: $ 10.00
Volume (M$): $ 8,463 52 Wk Avg: $7.49
Open: $8.52 52 Wk Low: $5.92



 Market Capitalization (Millions $) 403
 Shares Outstanding (Millions) 48
 Employees 293
 Revenues (TTM) (Millions $) 166
 Net Income (TTM) (Millions $) 33
 Cash Flow (TTM) (Millions $) -16
 Capital Exp. (TTM) (Millions $) 26

Mcewen Mining Inc

We are a mining and minerals production and exploration company focused on precious and base metals in Argentina, Mexico and the United States. On January 24, 2012, we changed our name from US Gold Corporation to McEwen Mining Inc. after the completion of the acquisition of Minera Andes Inc. (“Minera Andes”) by way of a statutory plan of arrangement under the laws of the Province of Alberta, Canada.

We own 100% of the El Gallo 1 mine in the state of Sinaloa, Mexico and a 49% interest in Minera Santa Cruz S.A. (“MSC”), the owner and operator of the producing San José mine in the province of Santa Cruz, Argentina, which is controlled by the majority owner of the joint venture, Hochschild Mining plc (“Hochschild”). In addition to our operating properties, we also hold interests in advanced stage and exploration stage properties and projects in Argentina, Mexico and the United States, including the Gold Bar (“Gold Bar”) and Los Azules (“Los Azules”) projects.

Our objective is to increase the value of our shares through the exploration and extraction of gold, silver and other valuable minerals. Other than the San José mine in Argentina, we generally conduct our exploration activities as the sole operator, but we may enter into arrangements with other companies through joint venture or similar agreements in an effort to achieve our strategic objectives. We hold our mineral interests and property and operate our business through various subsidiary companies, and except for MSC, each of which is owned entirely, directly, or indirectly, by us.

Our principal executive office is located at 150 King Street West, Suite 2800, Toronto, Ontario, Canada M5H 1J9 and our telephone number is (866) 441-0690. We also maintain offices in San Juan, Argentina; Guamuchil, Mexico and Elko, Nevada (U.S.). Our website is www.mcewenmining.com. We make available our periodic reports and news releases and certain of our corporate governance documents, including our Code of Ethics, on our website. Our common stock is listed on the New York Stock Exchange (“NYSE”) and on the Toronto Stock Exchange (“TSX”) under the symbol “MUX”.

Gold and silver are extracted from mineralized material, by either milling or heap leaching, depending on, among other things, the amount of gold and silver contained in the material, whether the material is naturally oxidized or not oxidized, the amenability of the material to treatment and related capital and operating costs.

At the El Gallo 1 mine, mineralized material is processed using heap leaching methods. Heap leaching consists of stacking crushed, oxidized material on impermeable pads, where a weak cyanide solution is applied to the surface of the heap to leach the gold and silver. The gold and silver-bearing solution is then collected and pumped to an Adsorption – Desorption - Recovery (“ADR”) processing plant consisting of carbon columns, stripping circuits and a precious metal refinery to process gold and silver into doré bars. Doré bars are then shipped from the mine to a third party refiner to obtain bullion.

The processing plant at the San José mine is composed of conventional crushing, grinding and flotation circuits. Approximately half of the silver-gold flotation concentrate is subsequently processed in an intensive cyanide leaching circuit with the dissolved gold and silver recovered by electrowinning of a clarified solution followed by smelting to produce doré. The doré is then sent to refiners to obtain bullion. The balance of the flotation concentrate is filtered and shipped to a smelter for further processing.



   Company Address: 150 King Street West Toronto 0 ON
   Company Phone Number: 441-0690   Stock Exchange / Ticker: NYSE MUX
   


Customers Net Income fell by MUX's Customers Net Profit Margin fell to

-94.05 %

0.62 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
CDE   -0.63%    
CLF   -1.95%    
FCX        10.21% 
NEM        1.59% 
NG        6.05% 
SCCO        17.26% 
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Mcewen Mining Inc

Aggressive Exploration Efforts Pay Off as McEwen Mining Inc. Achieves Profitability in Q4 of 2023

McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) has recently released its exploration update, highlighting the positive progress made at its Stock project. The company's aggressive exploration efforts have shown promising results and are expected to contribute to a bright future at this important site.
In terms of production, McEwen Mining has demonstrated a significant improvement compared to previous years. In the fourth quarter of 2023, the company achieved consolidated production of 49,850 gold equivalent ounces (GEOs), with a total production of 154,600 GEOs for the entire year. These figures are in line with the company's latest forecasts and fall within its guidance range.

Product Service News

Exploration Success at Stock Project Sets McEwen Mining on a Path to Prosperity

Published Wed, Feb 28 2024 12:01 PM UTC

Aggressive Exploration Generating a Bright Future at McEwen Mining's StockMcEwen Mining Inc. (NYSE: MUX) (TSX: MUX) recently released its exploration update, highlighting the positive progress made at its Stock project. The company has demonstrated its commitment to aggressive exploration efforts, which are set to pave the way for a promising future at this key site.With its...

Product Service News

McEwen Copper Sees 3.2% Increase in Copper Recovery, Mcewen Mining Inc's Corporate Customers Report Mixed Results

Published Thu, Feb 22 2024 6:25 PM UTC

McEwen Copper Reports Improved Copper Recovery, Mcewen Mining Inc's Corporate Customers Record Increase in Cost of Revenue, and Revenue GrowthMcEwen Copper, a subsidiary of Mcewen Mining Inc, has announced significant improvements in copper recovery through their latest metallurgical testing at the Los Azules site. The testing has delivered a 3.2% increase in predicted coppe...

Product Service News

McEwen Mining Reports Strong Production Growth in 2023 while Suppliers Revenues Face Deterioration

Published Mon, Feb 12 2024 9:00 PM UTC

McEwen Mining Inc., a leading gold and silver mining company, recently released its production results for the full year and fourth quarter of 2023. The company showcased a significant improvement in production compared to previous years and quarters. Additionally, the article highlights a contrasting decline in the revenues of McEwen Mining's suppliers. This comprehensive a...

Financing Agreement

McEwen Mining's Flow-Through Financing Secures US$16.1 Million for Future Growth and Development

Published Thu, Dec 14 2023 5:53 PM UTC



In a significant development for McEwen Mining Inc., the company has successfully closed a private placement financing round for its flow-through common shares. The offering resulted in total gross proceeds of US$16.1 million (Cdn$22,016,150). This achievement highlights McEwen Mining's strong performance and underscores investor confidence in the company's future ...






 

Mcewen Mining Inc's Segments
 
 
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