McEwen Mining
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Durch die Fusion von US Gold und Minera Andes entsteht nun McEwen Mining.
www.mcewenmining.com
Mc Ewen hält rund 25% der Anteile und bezieht kein Gehalt. Ziel ist es, die Firma bis 2015 in den S&P 500 zu bekommen.
Moderation
Zeitpunkt: 04.04.13 12:30
Aktion: Forumswechsel
Kommentar: Falsches Forum
Zeitpunkt: 04.04.13 12:30
Aktion: Forumswechsel
Kommentar: Falsches Forum
Die Aktie wird aber sehr wohl gehandelt.
"El Gallo Complex Development Photo Update
February 3, 2012
..."
http://media3.marketwire.com/docs/ElGalloPhotoUpdate.pdf
Gruß an alle, die sich hier versammeln!
PHK
February 3, 2012
Rob McEwen: Mining magnate with a vision
By GORDON PITTS
From Saturday's Globe and Mail
Canadian nationalist, philanthropist, libertarian minces few words about the direction this country should be heading
Rob McEwen, the near-billionaire nationalist, philanthropist, libertarian, gold-loving, regulation-hating metals magnate, is as steamed as the plate of tagliatelle pasta sitting in front of him.
"It's the parentalness of government that pisses me off. Get out! We have to take risks on our own," he says.
The 61-year-old is reacting to the roadblocks encountered in his new mining venture, the latest chapter in a colourful and wildly successful career highlighted by converting a struggling gold mine in Northern Ontario into a global colossus called Goldcorp. The mining tycoon is merging two junior companies to form what he hopes will be his next - perhaps last - big winner. But the regulatory and governance process has taken three months longer than expected, costing $6-million in legal and advisory fees.
"This is an unnecessary tax on shareholders," he fumes, his usually soft voice rising above the lunchtime clatter at Canoe, a darling of Bay Street expense accounts sitting 54 floors above downtown Toronto. "Wouldn't we be better served to, say, cut a cheque to our shareholders as a dividend?"
The biggest of all those cheques would go to Mr. McEwen, who is chief executive officer and controls 25 per cent of the new gold, silver and copper company called McEwen Mining Inc. MUX-T And he is already flirting with billionaire status after his hugely profitable ride with Goldcorp.
Now with that massive gold producer in his rear-view mirror, the Croesus-like track record gives him licence to try to build another heavyweight - this time with his own name on the company.
He will be doing so as his sector rides a wave that is both highly profitable and extremely volatile. Gold prices are soaring as currencies falter, feeding off economic instability in the United States and Europe. But gold is also known to tank disastrously, and some analysts predict the roaring bull will turn silent as investors grow wary of its heart-stopping rises and falls. And this time around, Mr. McEwen is also exposed to silver - a lower-cost complement to gold - and to copper, which is sensitive to industrial activity.
But gold is his game, and his affection strikes deeper than short-term business interests. It speaks to another side of Mr. McEwen - libertarian, student of historical cycles, and scourge of debt-laden governments. He is a prophet of profligacy, who predicts, in this age of over-the-top borrowing, that gold will fly through $2,000 (U.S.) an ounce this year - not too ambitious given its recent surge over $1,700 - and to $5,000 in three to four years.
As always, there is constant noise from so-called gold bugs, that kooky fringe that believes the yellow metal is the only haven as the world heads toward cataclysm. Mr. McEwen's view is much more nuanced - that gold is a currency like Canadian or U.S. dollars or the beleaguered euro. "And here we are seeing the entire Western world debasing its currencies at a frantic pace," he says.
In this orgy of public spending and debt, gold will get hotter in the near to medium term. But at some point, he says, it will hit a zenith and it will make sense to buy other currencies again. And rather than play the apocalyptic thunderer, he suggests looking at gold as insurance - the percentage held should depend on the bleakness of the individual's outlook. As for Mr. McEwen, he is 80-per-cent invested in gold and gold stocks, but, after all, that's his business.
As he sips his glass of malbec, Mr. McEwen explains why he is trying to build another major mining company when he could be sitting at home counting his bullion.
The business case for the merger of US Gold Corp. and Minera Andes Inc. - completed in late January, six months after being proposed - is that mining players today need scale to grab the interest of institutional investors. The mineral world is polarizing between the giants - note merger talks between titans Xstrata and Glencore - and hordes of juniors. The charm of McEwen Mining, he says, is combining one company sporting cash flow and no project pipeline with another that has stuff in the pipeline but no cash.
And the process gets the competitive juices flowing, as he sees a chance to build another monster miner. "At the most optimistic, we could outrun what Goldcorp has become," he says.
Although he owns little of Goldcorp now, the shadow of that company, his former baby, looms over much of what he is trying to do. A former investment banker, he recognized the untapped potential in a lacklustre mine in Red Lake, Ont., from which he built Goldcorp as a productive, low-cost operator. He merged it with Wheaton River Minerals in 2005, but he left in a messy dispute with senior management.
Even when he is angry, Mr. McEwen speaks gently with a knowing little smile - much like another libertarian, U.S. presidential hopeful Ron Paul, who exudes that same sense that he didn't create this mess, but he has the inside scoop on why it is happening.
But while Mr. Paul sits on the political fringe, Mr. McEwen stands at the centre of Canadian public life, as a business leader whose vocation is one of the country's oldest - making money from mines - and whose avocation is giving it away - $50-million so far, largely to fund research in regenerative medicine and stem cell applications.
He and wife Cheryl have joined other blue-chip titans in putting their family name on a research centre in the health care hub of downtown Toronto, and he gives to his alma mater, the York University business school, where fellow gold magnate Seymour Schulich has enlisted his support. He talks of some day donating 50 per cent of his wealth, as Warren Buffett advocates, but his perverse challenge is that he cannot give it away, carefully and strategically, as quickly as he makes it.
He has found that health care and mining have much in common, and he equates medical research with risky exploration. "It's capital intensive, with low probability of success; it's highly regulated and the people don't talk to each other."
Mr. McEwen was always imaginative in seeking out mining innovation, and he brings that same spirit to funding networks of scientists. He supports projects with a strong chance of reaching the clinical stage at an accelerated rate - and his dollars go to such fields as lung transplants, tracheal repopulation, heart-cell patches, and diabetes.
And there is yet another facet of the complex Mr. McEwen - the arch-nationalist who would use public procurement and tax policy to guide investment in health innovation and advanced manufacturing.
While Canada is very good at spending on research, it is abysmal at product development, he says. He wants to direct a small piece of the many billions spent on health-care procurement - and now handed over to foreign-based giants - toward Canadian products, and, thus, domestic development.
"We're very good at selling what you can grab - you grab water, you grab trees, you grab crops," he says. But we don't have value-added capability, he laments, putting the blame on excessive foreign ownership of our economy.
In that vein, he is a critic of the Keystone XL pipeline because it would ship our oil south, rather than feeding upgraders and refineries in Canada to capture the value-added component. Thus, he argues, we are missing out on the development of entire industries. The solution might be a tax system that encourages long-term holding of Canadian assets, he muses.
"If we don't do something soon, our children will become tenants in their own country," he warns.
There are moments like this when Mr. McEwen has to reassert his libertarian credentials. His major complaint, he states, is that too much government puts a cap on human ingenuity, of the kind that would allow Canada to compete. Libertarian rhetoric, perhaps - but in his quest for a strong economic future, Rob McEwen is as conflicted as any mainstream Canadian.
_____________________
CURRICULUM VITAE
Beginnings
* Born in Toronto, April 15, 1950.
* Father, Donald, ran a securities firm with a mining focus. Holds BA from University of Western Ontario, MBA from Schulich School of Business, York University.
Personal
* He and wife Cheryl have two grown sons.
* The couple have given away $50-million, including $20-million toward the McEwen Centre for Regenerative Medicine in Toronto.
Career
* Started off as investment banker.
* In 1993, began restructuring Goldcorp, whose market capitalization over two decades has gone from $50-million to $39-billion In 2005, led merger with Wheaton River, but later broke with management over takeover of Glamis Gold.
* In 2012, merged US Gold and Minera Andes to form McEwen Mining.
Passions
* Cycling: Joined Cheryl and their sons recently for bicycle tour of Southeast Asia.
* Swimming: Every summer morning at his cottage on Ontario's Stoney Lake, he takes a one-kilometre swim.
* Reading history: Is diving into City of Fortune: How Venice Won and Lost a Naval Empire, by Roger Crowley.
The Globe and Mail, Inc.
Reprinted from The Globe and Mail, in the "The Lunch" section.
© The Globe and Mail Inc. All Rights Reserved.. All rights reserved. Licensed by Ian Ball Corporate for 6287 recipients on February 6, 2012 . You may forward this article or obtain additional permissions at the following iCopyright license record and renewal locator: http://license.icopyright.net/3.8425-5530. The Globe and Mail, Inc. and The Globe and Mail logos are registered trademarks of The Globe and Mail, Inc. The iCopyright logo is a registered trademark of iCopyright, Inc.
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Gruß an alle, die sich hier eingefunden haben.
Mich wundert, dass der Kurs so stark abfällt. Wer hat eine Erklärung?
PHK
McEWEN MINING
LUNCHEON
CAN YOU DIG IT?
You are invited to attend one of our upcoming investor luncheon presentations, where you can hear the story of the newly launched McEwen Mining Inc., meet management and ask questions in an informal setting.
You will learn about the success at the San José Mine, exciting ramp up towards production at the El Gallo Complex, get an update on the development of the Gold Bar Project, and exploration at Los Azules - one of the world's largest copper deposits.
When Wednesday Feb. 22 or 29 @ 12 PM
Where 181 Bay St. Suite 4750
Toronto. Canada
RSVP rsvp@mcewenmining.com
1.866.441.0690 x 410
McEwen MINING
MITTAGESSEN
Can You Dig It?
Sie sind eingeladen, einem unserer nächsten Investor Lunch Präsentationen, wo Sie die Geschichte von der neu eingeführten McEwen Mining Inc. hören kann, treffen Management und Fragen zu stellen in einem informellen Rahmen zu besuchen.
Sie werden über den Erfolg an der San-José-Mine, spannend bis zur Rampe Produktion im El Gallo Komplexe lernen, erhalten ein Update auf die Entwicklung der Gold Bar-Projekt, und Exploration auf Los Azules - einer der weltweit größten Kupfer-Vorkommen.
Wenn Mittwoch 22 Februar oder 29 @ 12.00 Uhr
Wo 181 Bay St. Suite 4750
Toronto. Kanada
RSVP rsvp@mcewenmining.com
1.866.441.0690 x 410
"McEwen Mining Announces Attractive Intercepts at the San Jose Mine in Argentina
TORONTO, ONTARIO, Feb 13, 2012 (MARKETWIRE via COMTEX) -- McEwen Mining Inc. /quotes/zigman/8537795 CA:MUX -4.14% /quotes/zigman/8545050/quotes/nls/mux MUX +0.20% is pleased to announce high-grade and exceptionally wide drilling intercepts on the Pilar vein at its 49% owned San Jose mine in Santa Cruz province, Argentina. The Pilar vein, which has been defined by recent surface and underground drilling and drifting, is located in the vicinity of the Micaela-Sofia vein cluster that was discovered in the latter part of 2010.
The location of the vein is shown in Exhibit 1. Highlights from the holes recently drilled on the Pilar vein include:
--------------------------------------------------
-----
Drill Hole From To Intercept True Width Au Ag
(m) (m) (m) (m) (g/t) (g/t)
--------------------------------------------------
SJD 992 150.25 167.97 17.72 7.07 6.28 356
--------------------------------------------------
SJD 996 221.0 238.55 17.17 6.07 11.33 436
--------------------------------------------------
SJD 988 173.85 195.65 21.80 8.73 26.24 922
--------------------------------------------------
SJD 1047 263.55 271.20 7.65 6.19 24.94 395
--------------------------------------------------
SJD 1049 278.60 281.00 2.40 2.19 17.19 262
--------------------------------------------------
SJD 1050 276.90 278.00 1.10 0.97 18.82 308
--------------------------------------------------
SJD 1052 259.10 260.00 0.90 0.84 13.00 2,275
--------------------------------------------------
SJD 1055 264.45 268.20 3.75 3.59 3.09 119
--------------------------------------------------
SJD 1056 322.60 323.80 1.20 0.85 22.48 424
--------------------------------------------------
Portions of the Pilar vein were previously identified as the Nadia and Sofia veins. Recent underground and surface infill drilling has enabled the exploration team at San Jose to re-interpret these isolated segments as the continuous Pilar vein. A total of 310 meters of drifting has been completed on the different segments of the Pilar vein on the 350 level, which connects the Frea and Kospi veins. The drilling and drifting indicate that the Pilar vein may have a strike length of about one kilometer with some exceptional thicknesses and grade. There is good potential to grow the resource base as the structure is open at depth and along strike.
..."
http://www.marketwatch.com/story/...a-2012-02-13?reflink=MW_news_stmp
February 17, 2012
http://media3.marketwire.com/docs/MUXPictures.pdf
eingestellt (schon gelöscht), ich finde aber, dass das Thema hier besser
aufgehoben ist (siehe Posting #6).
LEX wird wahrscheinlich irgendwann einmal von MUX übernommen.
Nachdem von beiden Gesellschaften große Aktienbündel bei McEwen liegen,
wird er diesen Deal auch steuern wollen. McEwen wird in den nächsten Jahren sein
ganzes Augenmerk der Gesellschaft widmen, deren Namensgeber er ist.
Das bedeutet, ein bei LEX bestimmt vorhandenes Gewinnpotential wird erst von MUX
gehoben. LEX wird wahrscheinlich unter Wert übernommen und MUX hat
dann das dringend benötigte Anstiegspotential, was natürlich auch im Sinne
von McEwen ist. McEwen braucht Erfolg. Vermutlich wird er das vorhandene
Kapital zuerst in seine jetzigen Minen stecken, die ja bereits schon
einen gewissen Rückfluss generieren. LEX hat momentan nicht 1. Priorität,
was man ja auch am zähen Handel sehen kann.
MUX hat derzeit zumindest bei Zacks eine gute Beurteilung.
http://www.zacks.com/stock/quote/MUX
Empfehlung: Aktie an der NYSE (MUX) kaufen und nicht in Kanada (MUX.TO).
Die Kursentwicklungen heute von MUX = + 7,5%
LEX.TO = - 2,8%
Die Zahlen sprechen für sich.
Aktien von McEwen Mining Inc. Handel an der NYSE und der TSX unter dem Symbol "MUX". Die Inhaber von Minera Andes Aktien erhielt 0,45 von einem austauschbaren Anteil von McEwen Mining Inc. - Minera Andes Acquisition Corp für jeden eine (1) Minera Andes Aktien gehalten. Diese austauschbaren Aktien von McEwen Mining - Minera Andes Acquisition Corp, auch an der TSX unter dem Symbol "MAQ". Die austauschbaren Aktien von McEwen Mining Inc. - Minera Andes Acquisition Corp konvertierbar sind auf einer Eins-zu-eins-Basis jederzeit in Aktien von McEwen Mining Inc. McEwen Mining Inc. wird eine Gesamtsumme von 267.084.203 Aktien der ausstehenden Stammaktien zu haben und auszugebenden auf den Austausch von austauschbaren Aktien.
http://seekingalpha.com/article/...est-performing-stocks-year-to-date
McEwen Mining Next In Line For The Billion Dollar Club-Mining
Wie ich bereits erwähnte in meinem letzten Artikel über Nevsun Resources ( NSU ), Ich mag, um in Minenaktien zu sehen mit einer Marktkapitalisierung zwischen $ 1 und $ 2 Milliarden. Für mich, das ist der Sweet Spot, wo Unternehmen sich bewährt haben zu einem gewissen Grad - oft durch beide Operationen aufrechtzuerhalten und ihre Fähigkeit, Kapital anzuziehen, um Aktienkurs nach oben fahren - aber immer noch großen Raum für Wertschätzung, entweder durch Eingabe oder Fortsetzung Bergbau oder über eine Übernahme durch ein größeres Unternehmen, das viel Ertrag für unsere Aktionäre erzielen könnten.
Und ein Unternehmen, dass ich fühle, ist am Rande der Teilnahme an diesem Sweet Spot ist McEwen Mining ( MUX ) Hier ist die Geschichte.:
Im Moment verfügt das Unternehmen über eine Marktkapitalisierung von knapp über 800 Millionen Dollar, so ist es in Schlagdistanz zu überqueren die $ 1 Milliarden-Marke.
Das Unternehmen verfügt über sechs Minen, für die sie gemäß NI 43-101 gemessenen Goldressourcen. Die gesamte gemessene Menge dieser sechs Minen ist 1.684.000 Unzen Gold. Es gibt auch 36 Millionen Unzen Silber gemessenen Ressourcen. Dies sind nur die gemessenen Zahlen aus den Berichten gemäß NI 43-101, die schmaler als die angezeigte und abgeleitete Messungen sind. Aber selbst wenn ein Bruchteil dieser Ressourcen zu aktuellen Marktpreisen (geschweige denn die Preiserhöhungen, die sehr wahrscheinlich sind) erhalten werden, scheinen die Unternehmen die Chancen für eine hervorragende Profitabilität sehr gut möglich. Seine Mine in San Jose, Argentinien, hat einen besonders bemerkenswert Erz von 8,1 Gramm pro Tonne, die dazu beitragen, die Gesamtkosten pro Unze seiner größeren Minen mit ein Erz, was etwa 1 Gramm Gold pro Tonne reduzieren sollte.
Die Bilanz wirkt solide, hat keine Schulden und einem aktuellen Verhältnis in der Nähe 10. Das Unternehmen verbrannt knapp über $ 40 Mio. in den ersten neun Monaten des Jahres 2011, und hat mehr als 61 Mio. in langfristige Vermögenswerte wie seiner 3. Quartal 2011, der Endabrechnung. Die Strategie des Unternehmens der Finanzierung weiterer Entwicklungen durch frühe Gewinne und des Erreichens vier aufeinanderfolgenden Quartalen ein positives Ergebnis von 2015 (wie in angemerkt seine Präsentation für Investoren ) scheint in greifbare Nähe.
McEwen Mining ist natürlich die Firma, die aus der Fusion von Minera Andes und US Gold geführt hat. Die Fusion gibt dem Unternehmen Zugang zu den Minen in Mexiko, Argentinien und den Vereinigten Staaten, und so gibt es einen fairen Betrag von Zuständigkeitsfragen Diversifikation. Da die globale Krise der Staatsverschuldung wächst und das Risiko einer Verstaatlichung von Goldminen wächst ebenso, werden gerichtliche Diversifizierung von größerer Bedeutung sein.
Natürlich ist der letzte Grund, um in McEwen Mining investieren auch der Name: Rob McEwen. McEwen ist der Mann, Goldcorp (erbaut GG ), einer der besten Majors in der Bergbauindustrie und ein betrachte ich als einen wesentlichen Teil aller Bergbau-Portfolio, von denen eines McEwen Mining als auch. Dies bedeutet, McEwen hat viele Kontakte in der Branche und Domain-Expertise, die beim Aufbau McEwen Mining kann - das Unternehmen hat bereits einige Projekte in der Nähe von Goldcorp betriebenen Minen, damit die Weichen für eine mögliche Zusammenarbeit. Noch wichtiger ist in unserer aktuellen Umfeld ist allerdings, dass als traditionelle Investmentfonds, den Goldmarkt zu geben suchen, werden sie auf Namen mit einer nachgewiesenen Erfolgsbilanz hingezogen, weil die Investition in solche Namen ist leichter zu verstehen als der Versuch, herauszufinden, ob die Geologie einer bestimmten Mine ist eine lohnende Investition. Und so ist McEwen der echte "unfairen Vorteil" die Leichtigkeit, mit der sein Unternehmen in der Lage, an institutionelle Investoren verkauft werden - doppelt so mit einer Notierung an der NYSE, ein Aktienhandel über $ 5, und einer Marktkapitalisierung rücken näher zu den magischen $ 1000000000 markieren.
Wie bei allen meiner Lieblings-Minenaktien, ist ein MUX bis in die Spitzen-Mining-Markt zu halten. Rasche Aufwertung, Auftreten von Spekulanten, Medienrummel - - in der Branche als Ganzes als Cue zu verlassen abgesehen von einigen unvorhergesehenen negativen Entwicklung mit diesem Bestand, werde ich Sie auf Anzeichen einer Blase zu suchen.
Disclosure: Ich bin lange GG , MUX.
Dieser Artikel wurde mit dem Stichwort: Makro-Ansicht , Gold und Edelmetalle , Basic Materials , Gold- , United States
Sobald die psychologische Barriere bricht Gold Shares wird explodieren
Bis zu diesem Zeitpunkt in diesem Bullenmarkt war Gold eine bessere Wahl als den Goldminenaktien mit wenigen Ausnahmen. Der steigende Goldpreis ist führend bei der Ladung, während die Aktien ruhig hinter trotz ihrer Hebelwirkung gefolgt sind.
Bis zu diesem aktuellen Psychologie Veränderung erwarte ich nicht viel mit den Aktien passieren. Ein Teil des Problems ist, dass ein großer Teil der öffentlichen Investitionen erwartet nicht, dass die Preise weiter steigen, und solange sie nicht erwarten, höhere Preise in der Zukunft wird Goldaktien hinterherhinken.
Es ist anscheinend nicht genug für die Aktien auf einem soliden Niveau zu zeigen. Sie müssen Käufer und sie werden nicht angezeigt, bis das Publikum beginnt zu glauben, dass der Bullenmarkt bei Gold nicht mehr wegzudenken ist. Wir sehen derzeit einige große Wert Spieler kommen in den Markt und setzen in großen Gebote, aber bis die Wall Street steht hinter diesem Sektor und beginnt, sie zu fördern wir können nicht sehen, höhere Erträge.
Sobald jedoch der Wall Street und die Öffentlichkeit kommt herum wir wahrscheinlich sehen ein enormes Volumen, in dieses kleine Markt und die Preise in die Höhe schießen wie ein Volleyball, die unter Wasser getaucht worden sind. Darüber hinaus ist ein Großteil der Hedge-Fonds-Gemeinde lange Gold und Goldaktien kurz, und sie werden nur zu diesem Band hinzuzufügen, sobald sie aus ihren Short-Positionen schließen und biegen auf die Aktien bullish.
Während der letzten Hausse in den 1970er und 1980er Jahren die Aktien auch die zurückblieben und nicht wirklich abheben, bis Gold und hatte ihren Höhepunkt erreicht hatte, wandte sich die Menschen euphorisch. Die folgende Tabelle vergleicht die Barrons Gold Mining Index (BGMI) mit Gold.
Chart von: www.safehaven.com .
Es ist schwierig, genau zu wissen, wann oder ob die Menschen nach Ansicht der Aktien wird sich ändern, es gibt Millionen von Investoren alle mit ihren eigenen Wahrnehmung der Welt. Dennoch, viele Aktien, die bereits sehr günstigen Preisen anbieten und viele kluge Investoren haben bereits ihre Einkaufsliste Schlagsahne. Die Tabelle unten zeigt die Gold / HUI-Verhältnis und das Gold / XAU-Verhältnis; zwei der Uhr Goldbergbau Aktienindizes.
Gold / XAU-Verhältnis.
Diese Diagramme können einige Hinweise auf, wenn zu addieren, um Ihre Position zu geben, und wenn etwas Geld vom Tisch nehmen. Beide liegen damit derzeit unter ihrem Durchschnitt, was darauf hinweist, dass, dass die Aktien attraktiv im Preis sind.
Es kann einige Zeit dauern, bevor die Aktien wirklich an Dynamik gewinnen, aber es kann gut die Wartezeit wert sein. Denken Sie daran, dass die Zeit, um Aktien zu kaufen, wenn andere sie nicht wollen ist, dass die Zeit und scheint nun zu sein. Ich empfehle Investoren, die weniger Risiko zu unerwünschten Positionen wie McEwen Mining (fügen Sie sind MUX ) und Eurasian Minerals ( EMXX ), um ihre spekulativen Portfolio im Vorgriff auf die kommende Goldrausch.
Disclosure: Ich bin lange MUX .
Zusätzliche Offenlegung: Ich kann eine Long-Position in EMXX in den nächsten 72 Stunden zu initiieren.
Dieser Artikel wurde mit dem Stichwort: Makro-Ansicht , Gold und Edelmetalle , USA
"McEwen Mining Announces New Silver Discovery at the El Gallo Complex in Mexico
03/13/2012Download this Press Release ()
TORONTO, ONTARIO--(Marketwire - March 13, 2012) - McEwen Mining Inc. (NYSE:MUX)(TSX:MUX) is pleased to announce new exploration drill results from its El Gallo Complex in Sinaloa State, Mexico. Highlights include a new discovery called CSX, which returned an impressive 629.4 gpt silver over 6.1 meters and from Palmarito, which returned 240.7 gpt silver over 8.6 meters. Mineralization in both areas starts from surface. In addition, reconnaissance work in Nayarit State, which is located south of Sinaloa, has discovered an exciting silver prospect, which is showing good potential for size and grade (Exhibit 1 & 4).
CSX - NEW SILVER DISCOVERY
629.4 gpt Silver over 6.1 Meters
CSX is a new silver discovery located 2.5 km east of the proposed mill location (Exhibit 2 & 3) and was discovered through prospecting. To date, 12 core holes have been completed. Although the surface signature is smaller than El Gallo, the geology of the two areas appears similar, made up of shallow-dipping siliceous breccia bodies, hosted within andesite volcanic rocks and quartz porphyry. Both higher grades that could potentially be milled and lower grades, that could potentially be heap leached, have been intersected. The zone, as defined by drilling, measures approximately 200 meters long and 50 meters wide. The majority of the intercepts occurred at or near surface, which could potentially allow the zone to be mined by open pit method. The deepest intercept to date is approximately 70 meters below surface and the zone remains open to the east and south. Highlights from the initial drilling are shown below:
..."
http://www.mcewenmining.com/Media-Events/...exico1128606/default.aspx
In trading on Wednesday, shares of McEwen Mining Inc. (NYSE: MUX) entered into oversold territory, changing hands as low as $4.15 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30.
In the case of McEwen Mining Inc., the RSI reading has hit 29.8 — by comparison, the universe of metals and mining stocks covered by Metals Channel currently has an average RSI of 43.2, the RSI of Spot Gold is at 31.5, and the RSI of Spot Silver is presently 37.3.
A bullish investor could look at MUX’s 29.8 reading as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side.
Looking at a chart of one year performance (below), MUX’s low point in its 52 week range is $2.93 per share, with $9.87 as the 52 week high point — that compares with a last trade of $4.18. McEwen Mining Inc. shares are currently trading down about 8.9% on the day."
http://www.forbes.com/sites/energystockchannel/...f-mux-now-oversold/
"News Releases Details
McEwen Mining Provides Production & Development Update
TORONTO, ONTARIO--(Marketwire - March 15, 2012) - McEwen Mining Inc. (TSX:MUX)(NYSE:MUX) is pleased to provide an operational and development update for its projects in Argentina, Mexico and Nevada.
Healthy Balance Sheet - $78.8 Million Liquid Assets - No Debt
As of February 29, 2012, McEwen Mining had cash and liquid assets of US$78.8 million, comprised of cash of US$51.5 million, marketable securities of US$1.4 million, and silver and gold bullion at market value of US$25.9 million. The company continues to hold a significant portion of its treasury in bullion with the belief that prices will continue to rise. The company remains debt free.
On February 24, 2012 McEwen Mining received its first dividend payment from its 49% ownership in the San Jose mine, totaling US$9.4 million. The dividend represents proceeds from the mine's operations during the Fourth Quarter. We expect dividends from the mine to continue on a quarterly basis.
In 2012, company wide exploration and construction expenditures, including downpayments on long lead time equipment for El Gallo Phase 2, are expected to total approximately US$57.5 million. This amount will be funded with existing cash and liquid asset balances, dividends from the San Jose mine and cash flow from Phase 1 of the El Gallo Complex, which is expected to commence production during the second half of the year.
Strong Performance - San Jose Mine, Argentina (49%)
...."
http://www.mcewenmining.com/Media-Events/...pdate1128621/default.aspx
"US Gold Canadian Acquisition Corporation Announces Redemption of All Outstanding Exchangeable Shares and Exercise of Redemption Call Right by US Gold Alberta ULC
03/26/2012Download this Press Release ()
TORONTO, ONTARIO--(Marketwire - March 26, 2012) - MCEWEN MINING INC. (NYSE:MUX)(TSX:MUX) announces that its subsidiary, US Gold Canadian Acquisition Corporation (TSX:UXE) has established a redemption date in respect of all of its outstanding Exchangeable Shares on May 30, 2012 (the "Redemption Date") and that US Gold Alberta ULC ("Callco") has elected to exercise its overriding redemption call right to acquire all of the outstanding Exchangeable Shares (other than Exchangeable Shares held by McEwen Mining Inc. and its subsidiaries) on the business day immediately prior to the Redemption Date, being May 29, 2012.
The foregoing only impacts holders of exchangeable shares of US Gold Canadian Acquisition Corp (TSX:UXE). These are not the same exchangeable shares issued in connection with McEwen Mining's recent acquisition of Minera Andes Inc. If you hold shares of McEwen Mining - Minera Andes Acquisition Corp. (TSX:MAQ) this redemption date and call right does not impact you.
By way of background, McEwen Mining Inc. (then known as US Gold Corporation) acquired three Canadian public companies in 2007: Tone Resources, Nevada Pacific Gold, and White Knight Resources. In connection with this transaction, US Gold Canadian Acquisition Corporation issued an aggregate of 43 million Exchangeable Shares which were listed on the TSX under the symbol UXE.
On May 29, 2012, Callco will acquire each of these Exchangeable Shares not yet redeemed for shares of McEwen Mining for purchase consideration of one share of McEwen Mining Inc. common stock ("McEwen Mining Common Stock"). McEwen Mining Common Stock trades on the NYSE and TSX under the symbol MUX.
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http://www.mcewenmining.com/Media-Events/...-of-Redempti/default.aspx
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http://media3.marketwire.com/docs/20120330_pics.pdf
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McEwen Mining (MUX). Last but certainly not least is McEwen Mining. MUX will also focus more on gold as some of its future projects come on board, but right now, its operations in Argentina are primarily silver-oriented. The company has the best shareholder/management incentive alignment out there, as founder Rob McEwen owns over 20% of the company and does not take a salary. MUX has over $78 million in current assets, including gold and silver on its balance sheet waiting to be sold at higher prices. But rather than focus on the geology and property, I believe the reason to invest is McEwen -- a proven company builder in this sector, as the success of Goldcorp (GG) suggests. Executives of such a caliber are exceedingly rare and not to be missed. For this reason MUX is one of the larger positions in my portfolio, and satisfies much of my desire for exposure to silver stocks.
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http://seekingalpha.com/article/493421-my-top-3-silver-miner-stocks