Group 1 - McEwen Mining (MUX) shares have increased by 18.3% over the past four weeks, closing at $11.5, with a mean price target of $14.99 indicating a potential upside of 30.4% [1] - The average price targets range from a low of $13.75 to a high of $15.70, with a standard deviation of $0.88, suggesting a relatively high agreement among analysts [2] - Analysts are optimistic about MUX's earnings prospects, as indicated by a significant increase in earnings estimate revisions, which correlates with potential stock price movements [4][11] Group 2 - Over the last 30 days, the Zacks Consensus Estimate for MUX's current year earnings has increased by 94.6%, with no negative revisions [12] - MUX holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimates [13] - While consensus price targets may not be entirely reliable, the direction they imply appears to be a good guide for potential price movement [14]

Core Viewpoint - The article emphasizes the importance of identifying sustainable trends in short-term investing, highlighting that while price momentum can be profitable, it requires strong fundamentals to maintain that momentum. Group 1: Stock Price Movement - The direction of a stock's price can reverse quickly, leading to potential short-term capital losses for investors [2] - A predefined "Recent Price Strength" screen can help identify stocks that are on an uptrend, supported by strong fundamentals and trading near their 52-week high [3] Group 2: McEwen Mining (MUX) Analysis - McEwen Mining (MUX) has shown a solid price increase of 52.9% over the past 12 weeks, indicating investor confidence in its potential upside [4] - MUX has also experienced an 18.3% price increase over the last four weeks, suggesting that the upward trend is still intact [5] - Currently, MUX is trading at 94.5% of its 52-week high-low range, indicating a potential breakout [5] Group 3: Fundamental Strength - MUX holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises [6] - The stock has an Average Broker Recommendation of 1 (Strong Buy), reflecting high optimism from the brokerage community regarding its near-term price performance [7] - The Zacks Rank system has a strong historical performance, with Rank 1 stocks averaging a +25% annual return since 1988 [7] Group 4: Investment Strategy - The article suggests that MUX may continue its price trend, and encourages investors to explore other stocks that meet the "Recent Price Strength" criteria [8] - It highlights the importance of backtesting stock-picking strategies to ensure past profitability, which can be facilitated by tools like the Zacks Research Wizard [9]

Core Insights - McEwen Inc. has announced the discovery of high-grade mineralization approximately 200 meters west of the Froome Mine, which is expected to extend mining operations at the Froome site [1][15][16] Exploration and Drilling Results - The Froome West mineralization consists of several sub-vertical, stacked mineralized lenses, with a high-grade trend approximately 15 to 25 meters wide, remaining open to the west and at depth [3][4][16] - Significant drill results include Hole 25PR-G424, which returned 36.0 g/t gold over 10.0 meters, including 160.0 g/t gold over 2.2 meters [8][10] - The exploration program will continue to drill deeper and laterally to evaluate broader regional mineralization trends [4][9] Mining Infrastructure - Development of mining infrastructure on four levels is already underway at Froome West, extending from the existing Froome Mine operations [9][11] - Future mining activities will utilize the existing infrastructure from the Froome Mine, enhancing operational efficiency [5][9] Historical Context - The Froome West mineralization is similar to the Black Fox deposit, which has historically produced approximately 1.1 million gold ounces [4][16] - The nearby Black Fox Mine has a history of mining extending down to 800 meters below surface, indicating the potential for significant mineralization at Froome West [16] Future Outlook - The discovery at Froome West is expected to provide more options in the mine plan for the Fox Complex, with the Stock Mine anticipated to enter commercial production in 2026 [15][16] - The current mineralization model extends to a depth of 250 meters and remains open, suggesting potential for further discoveries [16]

Core Insights - Sankamap Metals Inc. CEO John Florek has been appointed to the Board of Directors of McEwen Inc., a recognized producer of gold, copper, and silver [1][4] - Florek's extensive experience in exploration and resource development is expected to enhance McEwen's strategic direction [2][4] - Florek will maintain his role at Sankamap while contributing to McEwen, aligning with the advancement of Sankamap's Oceania Project in the Solomon Islands [3] Company Overview - Sankamap Metals Inc. is a Canadian mineral exploration company focused on high-grade copper and gold deposits, particularly through its Oceania Project [5] - The Oceania Project is strategically located in the Solomon Islands, an area known for world-class copper-gold deposits, including Newcrest's Lihir Mine, which has a resource of 71.9 million ounces of gold [5][10] Exploration Activities - Exploration is actively progressing at the Kuma and Fauro properties, part of the Oceania Project, which have shown significant mineral potential [6] - At Kuma, historical sampling has indicated elevated gold values, with a notable sample showing 11.7% copper and 13.5 g/t gold [7] - The Fauro property has revealed promising results, including 8.0 meters at 27.95 g/t gold and grab samples up to 173 g/t gold [8]

Group 1 - McEwen Mining (MUX) shares have increased by 15.9% over the past four weeks, closing at $10.74, with a mean price target of $14.94 indicating a potential upside of 39.1% [1] - The average price targets range from a low of $13.75 to a high of $15.50, with a standard deviation of $0.83, suggesting a relatively high agreement among analysts [2] - Analysts are optimistic about MUX's earnings prospects, as indicated by a significant increase in earnings estimate revisions, which correlates with potential stock price movements [4][11] Group 2 - The Zacks Consensus Estimate for MUX's current year earnings has risen by 94.6% over the past month, with no negative revisions, indicating strong positive sentiment [12] - MUX holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimates, further supporting its potential upside [13] - While consensus price targets may not be entirely reliable, they can provide a directional guide for price movement [14]

Core Viewpoint - The article emphasizes the importance of confirming the sustainability of stock trends for successful short-term investing, highlighting that price movements should be supported by strong fundamentals and positive earnings estimates [1][2]. Group 1: Stock Performance - McEwen Mining Inc. (MUX) has shown a solid price increase of 31% over the past 12 weeks, indicating strong investor interest [4]. - The stock has also increased by 15.9% in the last four weeks, suggesting that the upward trend is still intact [5]. - MUX is currently trading at 85.8% of its 52-week high-low range, indicating a potential breakout [5]. Group 2: Fundamental Strength - MUX holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises [6]. - The stock has an Average Broker Recommendation of 1 (Strong Buy), reflecting high optimism from the brokerage community regarding its near-term price performance [7]. Group 3: Investment Strategy - The "Recent Price Strength" screen is a useful tool for identifying stocks like MUX that are on an uptrend with strong fundamentals [3]. - The article suggests that investors should consider other stocks that meet similar criteria for potential investment opportunities [8].

TORONTO, July 03, 2025 (GLOBE NEWSWIRE) -- McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) ("MUX" or the "Company”) announces the results of the MUX Annual Meeting of Shareholders held on June 19, 2025. Following shareholder approval, the Company has filed the Articles of Amendment with the Secretary of State to effect the approved name change on July 7, 2025. The Company will begin trading on the NYSE under its new name, McEwen Inc., on July 7, 2025, and on the TSX shortly thereafter. There will be no change in ...

McEwen (MUX) shares ended the last trading session 14.5% higher at $11. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 11.5% gain over the past four weeks.McEwen shares have gained in tandem with gold prices. Gold is currently above $3,330 per ounce, supported by ongoing weakness in the U.S. dollar amid fiscal concerns and trade uncertainty.This gold and silver mining company is expected to post quarterly earnings ...

Financial Data and Key Metrics Changes - The current cash position is approximately $51 million, with working capital of approximately $45 million, a significant improvement from December 2024, which had $14 million and negative $7 million respectively [56] - The first quarter gross profit improved year over year, supported by a 31% increase in realized gold prices [58] - Adjusted EBITDA improved year over year to $0.16 per share, up from $0.13 per share [59] Business Line Data and Key Metrics Changes - At the Froome Mine, productivity improvements were noted in the second quarter of 2025 compared to the first quarter, with plans to enhance the workforce [60] - Gold Bar operations produced about 45,000 ounces of gold in 2024, exceeding market guidance by 7% [72] - San Jose recently delivered its first meaningful dividend in years, expected to remain profitable in the current gold and silver price environment [61] Market Data and Key Metrics Changes - The company is poised to take advantage of record gold prices following the first quarter [58] - The gold price environment is expected to support increased production in the second half of 2025 [60] - The company believes it is entering a strong market for commodities, particularly gold, due to low investment in new mines [45] Company Strategy and Development Direction - The company plans to change its name from McEwen Mining Inc. to McEwen Inc. to better reflect its broader business aspects [28][29] - The focus is on operational excellence, prudent capital allocation, and transparent engagement with shareholders [62] - The long-term objective for the Timmins operations is to reach 100,000 ounces per year by 2030 [68] Management's Comments on Operating Environment and Future Outlook - Management believes the actions taken in the first half of 2025 lay a strong foundation for long-term growth and shareholder value creation [62] - The company is optimistic about the future of mining, emphasizing the importance of IT and AI in the industry [37] - Management highlighted the cyclical nature of commodities and the current low investment in new mines as a positive indicator for future growth [44] Other Important Information - The company raised a total of over $450 million privately for the copper project, with a value of $8.47 behind every share of McEwen Mining represented by McEwen Copper [51] - The exploration budget for 2025 is set at $7 million, with plans to drill 36,000 meters [76] - The company has maintained an excellent safety record with no recordable incidents reported in the past year [86] Q&A Session Summary Question: What is the outlook for production at Gold Bar? - Gold Bar is expected to achieve or surpass production and cost targets in 2025, with increased production anticipated in the second half of the year [72] Question: How is the company addressing labor availability challenges? - The company is actively addressing labor availability through workforce planning, training, and retention strategies [88] Question: What are the key exploration projects currently underway? - The company is focusing on several projects, including Gold Bar, Timberline's Eureka project, and the Grey Fox deposit, with significant drilling and exploration activities planned [75][91]

Summary of McEwen Mining and McEwen Copper Conference Call Company Overview - **Company Name**: McEwen Mining (Ticker: MUX) and McEwen Copper - **Key Personnel**: Rob McEwen (Chairman and Chief Owner), Michael Ametting (VP and General Manager of McEwen Copper) [2][1] Industry Insights - **Copper Market**: The current market for commodities, particularly copper, is seen as opportune due to projected deficits and increasing demand driven by electric vehicles, renewable energy, and AI infrastructure [6][7] - **Gold Market**: Historical trends indicate that gold prices are expected to rise, with potential future scenarios where gold could significantly outperform the Dow Jones Industrial Average [8][9] Key Projects - **Los Azules Project**: - Located in the Andes along the border of Chile and Argentina, it is projected to be one of the largest copper deposits that can be developed [34][18] - McEwen Mining owns 46.4% of McEwen Copper, which owns 100% of the Los Azules project [34][35] - The project aims to produce "green copper" with a focus on sustainability and minimal environmental impact [26][31] Financial Performance - **Stock Performance**: Since September 2022, McEwen Mining's stock has increased by 221% [14] - **Production Guidance**: For 2024, total production is expected to be between 120,000 and 140,000 gold equivalent ounces, with an all-in sustaining cost of up to $2,000 per ounce [47] - **Cash Flow**: Positive cash flow is anticipated, with projections of around $30 million for the year [82] Strategic Initiatives - **Sustainability Focus**: McEwen Copper is committed to environmentally responsible mining practices, including the use of heap leaching technology to minimize water usage and eliminate the need for tailings dams [31][57] - **Community Engagement**: The company plans to create over 1,000 high-quality jobs in the San Juan region, emphasizing safety, dignity, and livability for workers [28][27] Future Plans - **Financing for Los Azules**: The project requires approximately $3 billion in financing, with expectations of strategic investors contributing significantly [59][60] - **IPO Plans**: An IPO for McEwen Copper is anticipated post-feasibility study, which is expected to be completed in late July or early Q3 [65][66] Market Positioning - **Valuation Comparisons**: McEwen Copper's valuation is considered attractive compared to other projects in the region, with significant upside potential based on resource size and market conditions [37][38] - **Exploration Potential**: The company has identified multiple exploration targets within its property, indicating substantial growth opportunities [42][80] Risks and Challenges - **Inflation and Costs**: Inflation in Argentina has been a concern, with costs expected to rise by approximately 20% internationally [39][40] - **Geotechnical Considerations**: Recent drilling has revealed complexities in the deposit that may impact future mining operations [78][79] Conclusion - McEwen Mining and McEwen Copper are positioned to capitalize on the growing demand for copper and gold, with a strong focus on sustainability and community impact. The upcoming feasibility study and strategic financing efforts are critical for advancing the Los Azules project and enhancing shareholder value [84][90]