McEwen Mining (MUX) : GEO 150,000/yr. Gold miner (est.)

[drbubb]

MUX is way behind UGL and GDX   "xxx"

MUX / McEwen Mng : 47.4 M sh. x $5.17= $245 M ... BkVal. $7.59 /sh.

MUX. vs. UGL. 2016: 4/19: Ytd: 10d / $5.17 / gdx: $28.30= r-18.3% / ugl: $52.63= r-9.82%

2016: Ytd: 10d / $5.17 2022 range (2.81 to 11.80)

Ratio: MUX.  $5.17 / gdx: $28.30= r-18.3% / ugl: $52.63= r-9.82%

Website: www.mcewenmining.com

[drbubb]

MUX vs. SPX : since 7/2016: 4/2019:      UPDATE: NOV.2022 RALLY UNDERWAY !

OLD: May'18:> : Last : mux-$2.10, spx-$2,663 : 0.08% : 1268x

[drbubb]

MUX has run up to 252d/ 1 yr MA : $5.94 +0.25, +9.0%

[drbubb]

MUX Charts & News

MUX / McEwen Mining ... update;  Resistance at $6. Last: $5.66

=== NEWS

2022-12-21 17:24	U:MUX	News Release	McEwen Mining Operations Performing Better
2022-12-19 11:37	U:MUX	News Release	McEwen Mining: New, Near Surface, High Grade Beside Our Mill
2022-11-28 06:00	U:MUX	News Release	Good Grades Near Surface, High Grade at Depth

McEwen Mining Operations Performing Better

2022-12-21 17:24 ET - News Release

TORONTO, Dec. 21, 2022 (GLOBE NEWSWIRE) -- McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) is pleased to report our production for October and November along with our forecast for 2022 and guidance for 2023. The bottom line, production is increasing and costs per ounce are falling.

“As we end 2022, we would like to give our shareholders an update on our recent production results and costs which illustrate the turnaround we are executing as well as our guidance for 2023. We had a difficult start to 2022 but it is clear that we are trending up and in the right direction as we move into the new year.” said Rob McEwen, Chairman and Chief Owner.

Table 1 below provides production and cost results for 2021, October and November 2022, full year 2022 forecast, our production guidance range for full year 2022, and 2023 guidance.

Full Year Guidance.         :  Mid.   : $-Cost :  AISC. :
GEOs
2022 : 134,600-141,800 : 140.0k: $1230E: $1600E
2023 : 150,000-170,000 : 160.0k: $1200E: $1500E
==========   change : +14.3%: -2.40% : -6.25%

Total production for October and November was approximately 26,700 gold equivalent ounces⁽¹⁾ (GEOs) with preliminary costs per ounce from our 100%-owned operations of $826 for cash costs and $1,088 for all-in sustaining. At San José Mine, costs per ounce for October and November were of $1,361 for cash costs and $1,745 for all-in sustaining.

Consolidated production guidance for 2023 represents an 11% to 25% increase to 150,000 to 170,000GEOs from 2022 forecast production, with $1,200 cash costs per ounce and $1,500 all-in sustaining costs per ounce from 100%-owned operations and $1,250 cash costs per ounce and $1,550 all-in sustaining costs per ounce from the San José Mine. Cash costs per ounce are expected to decrease slightly compared to 2022 and all-in sustaining costs per ounce are expected to decrease 6% at our 100% owned operations and decrease 10% at the San José Mine in 2023 compared to 2022.

> https://www.stockwatch.com/News/Item/U-z8718879-U!MUX-20221221/U/MUX