Canada markets open in 2 hours 31 minutes

McEwen Mining Inc. (MUX.TO)

Toronto - Toronto Real Time Price. Currency in CAD
Add to watchlist
1.4900+0.0300 (+2.05%)
At close: 3:59PM EDT
Full screen
Previous Close1.4600
Open1.4500
Bid1.4800 x 0
Ask1.4900 x 0
Day's Range1.4500 - 1.5200
52 Week Range1.0800 - 2.0200
Volume167,213
Avg. Volume527,154
Market Cap689.226M
Beta (5Y Monthly)1.10
PE Ratio (TTM)N/A
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateMar. 07, 2019
1y Target EstN/A
All
News
Press Releases
  • McEwen Mining: Q1 2021 Production Results
    GlobeNewswire

    McEwen Mining: Q1 2021 Production Results

    TORONTO, April 19, 2021 (GLOBE NEWSWIRE) -- McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) reports consolidated production for Q1 2021 of 23,300 gold ounces and 493,200 silver ounces, or 30,600 gold equivalent ounces(1)(GEOs), compared to 35,100 GEOs in Q1 2020. All operations delivered production in line with budget. Production is expected to increase over the balance of the year and to be 20-40% greater than 2020. Consolidated Production Summary Q1Full YearFull Year Guidance2020202120202021Gold (oz)29,20023,30092,100110,500 – 127,900Silver (oz)553,200493,2002,020,0002,300,000 – 2,450,000GEOs(1)35,10030,600115,600141,000 – 160,400 Fox Complex, Timmins, Canada (100%) Black Fox produced 5,200 GEOs during the period, compared to 8,300 GEOs in Q1 2020. Mining at Black Fox has begun transitioning to the Froome deposit, where a progressive ramp-up is planned through Q3, with commercial production expected in Q4. At the Stock property, surface exploration is underway with four drills at the Stock West target, and one drill at the historic Stock Mine. A Preliminary Economic Assessment (PEA) to expand the production from the Fox Complex will be released late in Q2. The exploration budget for 2021 is $9 million. San José Mine, Santa Cruz, Argentina (49%(2)) During Q1, San José produced 9,500 gold ounces and 492,300 silver ounces, for a total of 16,700 GEOs, compared to 14,900 GEOs in Q1 2020. The Company received $5 million in dividends during the quarter. San José performed well after a challenging 2020 that was impacted by COVID-19 restrictions. In 2021, the exploration budget is $10 million. Gold Bar Mine, Nevada (100%) During the quarter, Gold Bar produced 7,400 GEOs, compared to 9,100 GEOs in Q1 2020. Updated resource and reserve estimates were completed. Production in Q2 is expected to be higher than Q1. The exploration budget for 2021 is $5 million and will be focused on testing for near-mine targets and on further defining oxide resources on the neighbouring Tonkin property. El Gallo Project, Sinaloa, Mexico (100%) In Q1, El Gallo produced 1,300 GEOs from residual leaching of the heap leach pad. Operations were briefly disrupted by a blockade of the mine entrance by members of the local community, which has been resolved. A new 10-year agreement has been reached between the El Gallo operation and the neighbouring communities. COVID-19 Update The worsening COVID-19 infection rate in Ontario is being closely monitored; to date it has not had a material impact on operations or exploration activities at the Fox Complex. Financial Results Operating costs for the quarter ended March 31, 2021 will be released with our 10-Q Quarterly Financial Statements. Our next quarterly management conference call will occur on Monday, May 10th at 11:00 am EDT to discuss the Q1 2021 results. Want News Fast? Subscribe to our email list by clicking here: https://www.mcewenmining.com/contact-us/#section=followUs and receive news as it happens! Notes:(1) 'Gold Equivalent Ounces' are calculated based on a gold to silver price ratio of 68:1 for Q1 2021, 94:1 for Q1 2020, 86:1 for the FY 2020 and 75:1 for 2021 Production Guidance.(2) The San José Mine is 49% owned by McEwen Mining Inc. and 51% owned and operated by Hochschild Mining plc. Technical InformationThe technical content of this news release has been reviewed and approved by Peter Mah, P.Eng., COO of McEwen Mining and a Qualified Person as defined by Canadian Securities Administrators National Instrument 43-101 "Standards of Disclosure for Mineral Projects." Reliability of Information Regarding San JoséMinera Santa Cruz S.A., the owner of the San José Mine, is responsible for and has supplied to the Company all reported results from the San José Mine. McEwen Mining’s joint venture partner, a subsidiary of Hochschild Mining plc, and its affiliates other than MSC do not accept responsibility for the use of project data or the adequacy or accuracy of this release. CAUTION CONCERNING FORWARD-LOOKING STATEMENTSThis news release contains certain forward-looking statements and information, including "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. The forward-looking statements and information expressed, as at the date of this news release, McEwen Mining Inc.'s (the "Company") estimates, forecasts, projections, expectations or beliefs as to future events and results. Forward-looking statements and information are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management, are inherently subject to significant business, economic and competitive uncertainties, risks and contingencies, and there can be no assurance that such statements and information will prove to be accurate. Therefore, actual results and future events could differ materially from those anticipated in such statements and information. Risks and uncertainties that could cause results or future events to differ materially from current expectations expressed or implied by the forward-looking statements and information include, but are not limited to, effects of the COVID-19 pandemic, fluctuations in the market price of precious metals, mining industry risks, political, economic, social and security risks associated with foreign operations, the ability of the corporation to receive or receive in a timely manner permits or other approvals required in connection with operations, risks associated with the construction of mining operations and commencement of production and the projected costs thereof, risks related to litigation, the state of the capital markets, environmental risks and hazards, uncertainty as to calculation of mineral resources and reserves, and other risks. Readers should not place undue reliance on forward-looking statements or information included herein, which speak only as of the date hereof. The Company undertakes no obligation to reissue or update forward-looking statements or information as a result of new information or events after the date hereof except as may be required by law. See McEwen Mining's Annual Report on Form 10-K for the fiscal year ended December 31, 2020 and other filings with the Securities and Exchange Commission, under the caption "Risk Factors", for additional information on risks, uncertainties and other factors relating to the forward-looking statements and information regarding the Company. All forward-looking statements and information made in this news release are qualified by this cautionary statement. The NYSE and TSX have not reviewed and do not accept responsibility for the adequacy or accuracy of the contents of this news release, which has been prepared by management of McEwen Mining Inc. ABOUT MCEWEN MINING McEwen Mining is a diversified gold and silver producer and explorer focused in the Americas with operating mines in Nevada, Canada, Mexico and Argentina. It also owns a large copper deposit in Argentina. CONTACT INFORMATION:Investor Relations:(866)-441-0690 Toll Free(647)-258-0395Mihaela Iancu ext. 320info@mcewenmining.comWebsite: www.mcewenmining.comFacebook: facebook.com/mcewenminingFacebook: facebook.com/mcewenrobTwitter: twitter.com/mcewenminingTwitter: twitter.com/robmcewenmuxInstagram: instagram.com/mcewenmining150 King Street WestSuite 2800, P.O. Box 24Toronto, ON, CanadaM5H 1J9

  • MCEWEN MINING: Additions to Senior Management
    GlobeNewswire

    MCEWEN MINING: Additions to Senior Management

    TORONTO, April 13, 2021 (GLOBE NEWSWIRE) -- McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) is pleased to announce two senior management additions: Stephen McGibbon has joined as the Executive Vice President of Exploration; and Ruben Wallin has joined as the Vice President of Environment, Health, Safety & Sustainability. “I am very pleased to welcome Steve and Ruben. With these additions we are reuniting proven performers. Peter Mah, our COO, and I worked closely with Steve at Goldcorp Inc. and both were an important part of the team that made Goldcorp’s Red Lake mine such a resounding success. Peter also worked with Rubin as part of the senior management team that built the very profitable Victor diamond mine owned by De Beers,” stated Rob McEwen, Chairman and Chief Owner of McEwen Mining. Stephen McGibbon is a Professional Geologist with extensive exploration, mine production and senior management experience throughout North America. Stephen was a senior member of the team that discovered Goldcorp’s “High Grade Zone” deposit in Red Lake, which lead to one of the most profound mining company transformations of the last 25 years. Since 2006 and until recently, Stephen enjoyed continued success at Premier Gold Mines that included key asset purchases and exploration success in Nevada and Mexico, while also revitalizing the historic Geraldton mining camp with the Hardrock Project, one of Canada’s largest 21st century gold discoveries. “I’m excited to be welcomed into MUX, where an important transformation is underway,” commented Mr. McGibbon. “My experience dovetails extremely well with the MUX team, and I trust that my skills, confidence and commitment to this transformation will strengthen the Company’s ability to deliver market-moving results going forward.” Mr. Wallin is an environment and sustainability professional with more than 30 years of experience in the global mining industry. He has broad corporate and operational management experience in the areas of environment, health and safety, community relations, government relations, permitting and tailings management. Mr. Wallin has worked extensively throughout the Americas and Africa during his career and is experienced in current global industry standards and best practices. In Canada, he has been involved in the successful operation of the Detour Lake Mine, the Canadian Malartic Mine and the Victor Mine. Before joining McEwen Mining, Mr. Wallin held the position of Vice President of Environment and Sustainability for Detour Gold Corporation. The NYSE and TSX have not reviewed and do not accept responsibility for the adequacy or accuracy of the contents of this news release, which has been prepared by management of McEwen Mining Inc. ABOUT MCEWEN MINING McEwen Mining is a diversified gold and silver producer and explorer focused in the Americas with operating mines in Nevada, Canada, Mexico and Argentina. It also owns a large copper deposit in Argentina. CONTACT INFORMATION: Investor Relations:Website: www.mcewenmining.com150 King Street West(866)-441-0690 Toll Free Suite 2800, P.O. Box 24(647)-258-0395Facebook: facebook.com/mcewenminingToronto, ON, Canada Facebook: facebook.com/mcewenrobM5H 1J9Mihaela Iancu ext. 320 Twitter: twitter.com/mcewenmining info@mcewenmining.comTwitter: twitter.com/robmcewenmux Join our email list for updates: https://www.mcewenmining.com/contact-us/Instagram: instagram.com/mcewenmining

  • MCEWEN MINING: Normal Operation Restored in Mexico
    GlobeNewswire

    MCEWEN MINING: Normal Operation Restored in Mexico

    TORONTO, March 29, 2021 (GLOBE NEWSWIRE) -- McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) is pleased to report that activities at its El Gallo Project in Mexico have been restored following successful resolution of the concerns raised by members of the nearby communities. A new 10-year agreement has been reached providing additional support to the communities and greater long-term certainty for the El Gallo operation. ABOUT MCEWEN MININGMcEwen Mining is a diversified gold and silver producer and explorer focused in the Americas with operating mines in Nevada, Canada, Mexico and Argentina. It also owns a large copper deposit in Argentina. The NYSE and TSX have not reviewed and do not accept responsibility for the adequacy or accuracy of the contents of this news release, which has been prepared by management of McEwen Mining Inc. CONTACT INFORMATION: Investor Relations:(866)-441-0690 Toll Free(647)-258-0395Website: www.mcewenmining.com150 King Street WestSuite 2800, P.O. Box 24Toronto, ON, CanadaM5H 1J9 Facebook: facebook.com/mcewenminingFacebook: facebook.com/mcewenrob Mihaela Iancu ext. 320 Twitter: twitter.com/mcewenmining info@mcewenmining.comTwitter: twitter.com/robmcewenmux Join our email list for updates: https://www.mcewenmining.com/contact-us/Instagram: instagram.com/mcewenmining