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McEwen Mining Inc. (MUX.TO)

Toronto - Toronto Real Time Price. Currency in CAD
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1.3100-0.1200 (-8.39%)
At close: 3:59PM EDT
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  • J
    John
    Every shareholder should read the last page of the corporate presentation called CATALYSTS. The company spells out three areas of potential to drive the share price higher . 1. Operational improvements 2. Imminent 4Q release of Fenix feasibility , Grey Fox PEA and resource and reserve update from Gold Bar and 3. Continuing updates from Grey Fox and Stock assays. I’m thinking management is set to release a string of positive news in 4Q. GLTA
  • J
    Jim Walsh
    It Appears Cobalt, Used In Electric Car Batteries, Is A By Product Of Copper! Let's Go Rob! Put The Pedal To The Metal!
  • R
    RLS
    Remember the $1 call last week, looks like .75-.80 next stop. Rising dollar and lower gold price.
  • S
    SlimySushi
    The following is from SSRM's press release yesterday about production for the 3rd & 4th Qtrs, it mentioned it's operation in Argentina. It's relevant because MUX's San Jose Mine in Argentina probably will have the same problem:

    "The Puna mine is expected to produce between 4.9 ounces and 5.3 million ounces of silver in 2020. Mine site AISC is estimated in the range of $15.00 to $17.00 per ounce. Sustaining capital expenditures are projected to total $15 million, focused on maintenance of the mine, mill and power-generating equipment. Following the COVID-19-related suspension of mining operations in March, the Puna mine resumed production in the back half of the June-end quarter with restarting of mining, hauling and milling operations. As infection rates have escalated in Argentina and travel restrictions remain in place, the Puna mine had to reduce and suspend operations periodically in the ongoing quarter, in order to reduce transmission of the virus."
  • B
    Banshee
    Los Azules has an after-tax NPV of $2.2 billion and a 20.1% after-tax IRR. That's based on a recent economic assessment, using copper price of $3/lb, gold price of $1,300/oz and silver price of $17/oz. It seems like this project is worth more than the entire market cap of MUX today, and prices of copper, gold and silver are all higher than the prices used in this economic assessment. In the latest HC Wainwright presentation Rob mentioned partnering or selling this property. This has some huge hidden potential that I don't think the market is valuing.
  • N
    NoWay
    Was it Rick Rules comment on bloomberg that pushed this stock down today?
  • W
    W
    This stock stinks to the high heavens, as far as any shareholder return. Meantime, all the cheerleaders have taken over the board, which means "Michael" has too much time on his hands or is desperate. Goodness, this stock can't hold, maybe, even a dollar. However, who cares if this company makes a good return for the "true" shareholder, as long as they keep getting richer. Oh......yes.....S&P here we come.......what a joke!
  • C
    Crazyeyes
    Central banks are really good at keeping everyone on the hamster wheel.Notice how everything in our day to day life keeps getting more expensive but they claim there is no inflation!My dollars seem to be worth less every year.
  • N
    NoWay
    Just in case there is still anyone who claims that the price of gold is not manipulated.
    Just in case there is still anyone who claims that the price of gold is not manipulated.
    www.zerohedge.com
  • u
    upand2theright
    MUX still a good long term play on rising gold and the “copper revolution”. I also love TGB as they are about to get a permit that should boost the stock 25-30%, not just on revenue potential in copper but on potential of new mining technology that they have been testing successfully for over 18 months at the Arizona Florence site. Like Rob says “Buy any of your favorite miners hand over fist!” GLTA
  • F
    Fakemoney
    Additionally none of the company officials have even bought more shares at these prices. So that tells me that there is more downside to this.
  • J
    John
    When I asked Rob a year ago about where Los Azules fit into MUX plans he said “give me $3.00 copper and I’ll get us a deal .” We’ll here we are !!!
  • d
    daniel
    Just think folks,if rob sells say a 30 to 50% of the copper asset and the cash they will have proble be
    enough to to buy Great bear out,remember they don't have many shares outstanding and rob has 10%
    wow and it possible
  • g
    gold
    Roth Capital

    A couple of days ago they had buy rating on Mux. I guess they were selling at the time.
  • D
    Dan
    Here's something to think about, this isn't short covering, shorts actually increased their short positions trying to keep a lid on the rally, planning to push it back down when trading gets thinner. Who else would be selling millions of shares when the underlying commodity is increasing in value?
  • K
    Kenneth E
    Would love to know anybody's thoughts on the trading in this stock over the last two trading days. What could explain the spike up and subsequent sell off with Gold prices relatively flat. Thanks.
  • C
    Crazyeyes
    We need really positive news on the reassessment of Gold Bar property.That is the wild card right now.It feels like dead weight for MUX at the moment but could soon turn into a positive for us.News can’t be far off one way or the other.
  • d
    daniel
    latest cooper 3.038-3.089 think big my brothers
  • S
    Shamus McNugget
    MUX has almost 20% short interest. Nobody believes in Rob who has stated Q3 will be not much better than Q2. Seriously? How can he still lose money at $2000/oz?. MUX should be making money instead of trying to hide dilution behind these "bought deals" and "flow through" financing. I think the release of Q3 earnings, or lack thereof, will cause a lot of shorts to cover and skyrocket the pps to $1.50 but it will only hold if Rob guides towards being profitable....not in 2 years, but Q4. Looking to flip another 50k shares between $1.14 and $1.42.