hector Posted February 22, 2019 Report Share Posted February 22, 2019 The weak hands are shook out - seems to confirm a move back into 2.2. From there could get stuck unless gold surges again. Also how is the correlation with First Majestic AG? Link to comment Share on other sites More sharing options...
drbubb Posted February 22, 2019 Author Report Share Posted February 22, 2019 "how is the correlation with First Majestic AG? Recently, STILL GOOD = chart Link to comment Share on other sites More sharing options...
drbubb Posted March 7, 2019 Author Report Share Posted March 7, 2019 MUX is not getting the Good News it needs, and the stock is back to $1,65 Bad News instead... McEwen Mining Suspends Quarterly Dividend; Operating Issues Result in Lower Revenue Link to comment Share on other sites More sharing options...
jerpy Posted March 7, 2019 Report Share Posted March 7, 2019 6 minutes ago, drbubb said: MUX is not getting the Good News it needs, and the stock is back to $1,65 Bad News instead... McEwen Mining Suspends Quarterly Dividend; Operating Issues Result in Lower Revenue Wished I’d stayed out! Anyhow in the words of a dragon, I’m out......(and staying out for the foreseeable). Link to comment Share on other sites More sharing options...
drbubb Posted March 7, 2019 Author Report Share Posted March 7, 2019 I sold a part of my position at over $2.00 Should have cleared the whole thing Link to comment Share on other sites More sharing options...
hector Posted March 12, 2019 Report Share Posted March 12, 2019 Nice recovery lol... still holding. Not a bad companion to hold during this gold bull. Link to comment Share on other sites More sharing options...
hector Posted March 13, 2019 Report Share Posted March 13, 2019 McEwen Mining Terminates Equity Distribution Agreement This seems to be raising the price a bit in after hours. Link to comment Share on other sites More sharing options...
drbubb Posted March 27, 2019 Author Report Share Posted March 27, 2019 Wallbridge had a super day, and ROXG was up on a good earnings report Poor relative performance for MUX continues - not a good day WM.t $0.335 +0.04, +13.6% MUX : $ 1.64 -0.09, -5.20% Gdxj : $32.88 -0.59, -1.76% GLD : 123.65 -0.65, -0.52% Gcm.t $ 3.83 -0.03, -0.78% Roxg.t $ 0.93 +0.03, +3.33% I can almost hear MUX barking like a dog, while WM sings, "we are the champions" Link to comment Share on other sites More sharing options...
drbubb Posted March 30, 2019 Author Report Share Posted March 30, 2019 Looking into MUX further to understand its "dogged-ness" ROXG and MUX have similar production - but check this comparison Symbol :Company---- : Last$: E.P.S.: PE-R: Yield: BkVal: MktCap: netDebt Ebitda EVal/e: nDt/e: P/BV: fx Roxg.t: Roxgold ------- : $0.92: $0.09: r10.2: 0.00%: $0.43: $340.M: $000.M: $92.1m: r3.56: r00.0: 214%.: C$ Gcm.t: GranColum.G. : $3.67: (0.01): r0.00: 0.00%: $5.10: $177.M: $74.1M: $99.3m: r2.17: r0.75: 72.%.: C$ Mux.t : McEwen Mng.: $2.00: (0.13): r0.00: 0.58%: $1.41: $684.M: $55.8M: (17.1m): rN/a: rN/a: 142%.: C$ GORO: GoldResource : $3.93: $0.16: r24.6: 0.51%: $2.16: $241.M: $000.M: $33.2m: r7.15: r00.0: 182%.: US CDE - : Coeur Mining : $4.08: $0.00: r0.00: 0.00%: $4.19: $828.M: $458.M: $123.m: r9.77: r3.72: 97.%.: US AG -- : First Majestic- : $6.58: (1.11) : r0.00: 0.00%: $3.07: $1.30B: $155.M: $52.3m: r26.6: r2.96: 215%.: US Cco.t : Cameco Corp. : 15.75: $0.42: r37.5: 0.50%: 12.62: $6.23B: $1.50B : $627.m: r10.6: r00.0: 125%.: C$ That NEGATIVE Ebitda is pretty shocking. Perhaps this is why the stock price is so weak. Link to comment Share on other sites More sharing options...
drbubb Posted March 30, 2019 Author Report Share Posted March 30, 2019 DESPERATE Need for Cash? With Wts? Disgusting ! Each Unit is priced at $1.55 and consists of a share of common stock and one-half of a warrant to purchase common stock. Each full warrant is exercisable into one share of common stock. The warrants are immediately exercisable and have a term of three years and an exercise price of $2.00. March 29, 2019 McEwen Mining Announces Closing of US$25 Million Registered Direct Offering March 28, 2019 McEwen Mining Conference Call March 26, 2019 McEwen Mining Announces US$25 Million Registered Direct Offering Rob McEwen, Chairman and Chief Owner of McEwen Mining, stated “We are very pleased to have successfully completed this equity raise as it fully funds the Company’s current mining projects and exploration prospects. At Gold Bar in Nevada, our exploration will be testing deep targets for Carlin style high grade sulphide mineralization, such as exists 25 miles to the north at the Cortez Hills Mine. In Argentina, we plan to develop an all-season access route that should enhance the value of our massive Los Azules copper deposit. In Timmins at the Black Fox mine, we plan to modernize the mobile fleet with the objective of driving down operating costs and increasing production. Accordingly, we are pleased that our production guidance for the year is 205,000 gold equivalent ounces, which is a 16% increase from 2018. In addition, we have a large and exciting exploration program that we expect will generate news throughout the year.” Link to comment Share on other sites More sharing options...
drbubb Posted March 30, 2019 Author Report Share Posted March 30, 2019 The pathway to $1.50 MUX ... update : Link to comment Share on other sites More sharing options...
drbubb Posted April 6, 2019 Author Report Share Posted April 6, 2019 Group # 2: update : GCM.t ($3.52), CCO.t ($15.56), MUX.t ($2.02) Ratio: MUX -to-GCM Link to comment Share on other sites More sharing options...
drbubb Posted April 14, 2019 Author Report Share Posted April 14, 2019 Worse & Worse MUX to GDX MUX to GDXJ Link to comment Share on other sites More sharing options...
drbubb Posted April 27, 2019 Author Report Share Posted April 27, 2019 At long last ! up 15% in a single day, I am still scuba-diving with it. Have they found Gold in a shipwreck > or is it just a bout of short-covering? Link to comment Share on other sites More sharing options...
drbubb Posted May 17, 2019 Author Report Share Posted May 17, 2019 McEwen Mining reports Q1 EPS (3c), two-estimate consensus (3c) McEwen Mining is pleased to report its first quarter results for the period ended March 31. "Production during the quarter was 36,315 gold equivalent ounces. The operational challenges we experienced in the first two months of the quarter have largely been resolved. We made progress implementing better mining practices at the Black Fox mine and advanced towards commercial production at the Gold Bar mine. Nevertheless, the temporary production delays at Black Fox and a slower start-up at Gold Bar did lower our revenue in the first quarter, contributing to our consolidated net loss of $10.1M, or 3c per share. Our consolidated production rebounded during the month of April with approximately 16,500 GEOs, and we are back on track to deliver our guidance for 2019. The company closed a registered direct offering of shares for gross proceeds of $25M on March 29 and had cash, investments and precious metals of $40.3M and $50M in debt as of March 31," said McEwen management. MUX 04/30 McEwen Mining reports Q1 EPS (3c), two-estimate consensus (3c) » McEwen Mining is pleased… Read more at:https://thefly.com/landingPageNews.php?id=29004McEwen Mining reports Q1 EPS (3c), two-estimate consensus (3c) McEwen Mining is pleased to report its first quarter results for the period ended March 31."Production during the quarter was 36,315 gold equivalent ounces. The operational challenges we experienced in the first two months of the quarter have largely been resolved. We made progress implementing better mining practices at the Black Fox mine and advanced towards commercial production at the Gold Bar mine. Nevertheless, the temporary production delays at Black Fox and a slower start-up at Gold Bar did lower our revenue in the first quarter, contributing to our consolidated net loss of $10.1M, or 3c per share. Our consolidated production rebounded during the month of April with approximately 16,500 GEOs, and we are back on track to deliver our guidance for 2019. The company closed a registered direct offering of shares for gross proceeds of $25M on March 29 and had cash, investments and precious metals of $40.3M and $50M in debt as of March 31," said McEwen management. Read more at:https://thefly.com/landingPageNews.php?id=2900436 / 2 / xx Link to comment Share on other sites More sharing options...
drbubb Posted May 17, 2019 Author Report Share Posted May 17, 2019 McEwen Mining Gold Bar Accident Update TORONTO, May 16, 2019 (GLOBE NEWSWIRE) -- McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) provides an update on the fatal accident involving a contractor's employee that occurred on Monday, May 13, 2019 at the Gold Bar Mine in Nevada. The formal investigation by local authorities is not complete, but preliminary analysis by McEwen Mining suggests that the truck driver, Mr. Dean V. Pilcher, may have suffered a medical emergency while operating the haul truck prior to losing control, running up an embankment and overturning. Mr. Pilcher was found within minutes by another truck driver who immediately called for assistance. The section of haul road immediately around the accident site remains closed to allow for the investigation. Mine operations such as crushing and stacking on the heap leach pad resumed on Tuesday, drawing on available stockpiles of ore, and we expect that mining activities will restart today. The Gold Bar team continues to ramp-up operations to achieve our goal of commercial production during Q2. We convey our deep sympathy to Mr. Pilcher’s family, friends and colleagues for their sudden and tragic loss. Grief counselling and support is being offered to all employees and contractors at the mine. ABOUT MCEWEN MINING McEwen has the goal to qualify for inclusion in the S&P 500 Index by creating a profitable gold and silver producer focused in the Americas. McEwen's principal assets consist of: the San José mine in Santa Cruz, Argentina (49% interest); the Black Fox mine in Timmins, Canada; the Fenix Project in Mexico; the Gold Bar mine in Nevada; and the large Los Azules copper project in Argentina, advancing towards development. McEwen has approximately 360 million shares outstanding. Rob McEwen, Chairman and Chief Owner, owns 22% of the shares Link to comment Share on other sites More sharing options...
drbubb Posted June 6, 2019 Author Report Share Posted June 6, 2019 McEwen Mining is rallying - at last MUX ... update : $1.48 +$0.02 == Link to comment Share on other sites More sharing options...
hector Posted June 6, 2019 Report Share Posted June 6, 2019 Still a bit of a dog. I have the same trendlines haha. Wonder what happens when it reaches 1.7? Link to comment Share on other sites More sharing options...
drbubb Posted June 7, 2019 Author Report Share Posted June 7, 2019 12 hours ago, hector said: Still a bit of a dog. I have the same trendlines haha. Wonder what happens when it reaches 1.7? I will probably sell some there, in. case the rally dies. But the newsflow is now improving, thank goodness Recent Bulletins News ReleasesIn The NewsOther Date ET Symbol Type Headline 2019-05-23 06:20 U:MUX News Release McEwen Mining Exploration Produces Rich Gold Results at Black Fox 2019-05-23 06:10 U:MUX News Release McEwen Mining Reports Positive Exploration Drill Results from Grey Fox 2019-05-23 06:00 U:MUX News Release McEwen Mining Declares Commercial Production at the Gold Bar Mine 2019-05-22 18:08 U:MUX News Release McEwen Mining Reminder of a Technical Session and the Annual Meeting 2019-05-16 19:24 U:MUX News Release McEwen Mining Gold Bar Accident Update == Link to comment Share on other sites More sharing options...
drbubb Posted June 15, 2019 Author Report Share Posted June 15, 2019 McEwen Mining: Mid-Tier Gold And Silver Producer Jun. 5, 2019 Summary 200,000 oz. gold equivalent producer (including silver). Four gold and silver producing mines in good locations. Good management team. Some risk with high all-in costs. Stock Name Symbol Type Risk Share Price (US) FD Shares FD Mkt Cap (5/31/2019 McEwen Mining (NYSE:MUX) Gold Moderate $1.36 364M $495M I am always looking for quality mid-tier producers with a good entry price that provides significant upside potential. McEwen Mining currently fits that profile. Of course, the entry price is only one data point that I check. I also look for red flags in several areas. For McEwen Mining, their only significant flag is their high production costs. They are currently losing money at $1,300 gold prices, although their break-even price could be lower if they curtailed exploration and development ($27 million budget). They also have about $50 million in debt, which could hamper their share price if gold prices drop. I do not consider McEwen Mining to be a high-risk stock at this time because of their ability to sell assets and raise money by issuing stock. With only $50 million in debt, they have to fall quite a bit to be at risk of bankruptcy. This is a company I expect to be around for a long time. The CEO, Rob McEwen, owns 22% of the stock and is still relatively young. He founded Goldcorp and is one of the best managers in the business. This is his company and I expect him to build it into a Major. Project Information McEwen Mining has four operating mines in Canada, Nevada, Mexico, and Argentina. In 2019, they will produce about 200,000 oz. of gold equivalent. Currently, they are losing money with all-in costs around $1,300 per oz. They expect those costs to drop in 2020 and to become profitable again... > More: https://seekingalpha.com/article/4268388-mcewen-mining-mid-tier-gold-silver-producer Link to comment Share on other sites More sharing options...
jerpy Posted June 15, 2019 Report Share Posted June 15, 2019 Those high costs still put me off but if gold keeps rising I guess MUX will look more attractive. Rob McEwan seems a great guy but I just don’t like the thought of getting my fingers trapped again. Link to comment Share on other sites More sharing options...
drbubb Posted June 16, 2019 Author Report Share Posted June 16, 2019 Yeah. I sold a small part of my position at $2.00+, and held the rest thru the dip. Not back in profit yet MUX: $1.53 - $0.03, on 3.2Million shares, Link to comment Share on other sites More sharing options...
hector Posted June 16, 2019 Report Share Posted June 16, 2019 Crappy stock really. I added some at 1.3 but not hoping for much, unless gold really gets going. Link to comment Share on other sites More sharing options...
drbubb Posted June 17, 2019 Author Report Share Posted June 17, 2019 a backwards stock call it crap, and it may do well : up today 3%+ when gdxj is flat say something good, and it may do poorly Link to comment Share on other sites More sharing options...
hector Posted June 17, 2019 Report Share Posted June 17, 2019 Haha - is that faint praise for MUX? It seems destined to range between 1.5 and 1.7 for now, unless gold breaks 1370, which would be a major event. Also perhaps the selling was overdone previously vs gdxj. Link to comment Share on other sites More sharing options...
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