Workflow
McEwen Mining(MUX)
icon
Search documents
TNR Gold provides update from McEwen Mining on Los Azules, project approved for Argentina's RIGI
Proactiveinvestors NA· 2025-10-02 13:02
Group 1 - Proactive provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2][3] - The news team covers key finance and investing hubs including London, New York, Toronto, Vancouver, Sydney, and Perth [2] - Proactive focuses on medium and small-cap markets while also covering blue-chip companies, commodities, and broader investment stories [2][3] Group 2 - The team delivers news and insights across various sectors including biotech, pharma, mining, natural resources, battery metals, oil and gas, crypto, and emerging technologies [3] - Proactive adopts technology to enhance workflows and improve content production [4][5] - All content published by Proactive is edited and authored by humans, ensuring adherence to best practices in content production and search engine optimization [5]
The Gold Rush of 2025: Where Do We Go from Here?
Daily Reckoning· 2025-09-30 14:31
Core Insights - The precious metals market has experienced significant gains in 2025, with gold, silver, and platinum prices rising substantially, indicating a strong trend in hard assets [4][22]. Precious Metals Performance - Gold started the year at $2,645 per ounce and has risen to over $3,850, marking a gain of over 47% [4]. - Silver began at $29.60 per ounce and is now over $47, reflecting a gain of about 58% [4]. - Platinum started at $995 per ounce and is currently in the $1,600 range, achieving a gain of 60% [4]. Investment Considerations - The increase in precious metal prices is attributed to the declining value of the dollar, a trend that has been ongoing since the U.S. left the gold standard in 1971 [7][22]. - Investors are advised to hold physical metals rather than selling them, as they represent real money and are not subject to the liabilities associated with financial instruments [10][12]. Mining and Royalty Companies - The rise in precious metal prices has positively impacted mining and royalty companies, leading to significant stock price increases for several key players: - Franco Nevada Corp. (FNV) rose from $125 to $225 [15]. - Royal Gold, Inc. (RGLD) increased from $134 to $198 [15]. - Osisko Royalties (OR) went from $18 to over $39 [15]. - Wheaton Precious Metals (WPM) climbed from $56 to $110 [15]. - Major mining companies also saw substantial gains: - Barrick Mining (B) increased from $14 to $33 [18]. - Newmont Mining (NEM) rose from $38 to $84 [18]. - Agnico Eagle Mines (AEM) moved from $83 to $166 [19]. - Kinross Gold (KGC) increased from $9.50 to over $24 [19]. Market Outlook - The ongoing trend suggests that as long as precious metal prices continue to rise, royalty plays and mining companies will benefit from increased cash flow and profitability [16][24]. - The potential for a global recovery in faith in the dollar could impact precious metal prices, but such a scenario seems unlikely given current government spending trends [17][22].
MUX Advances Los Azules Project With RIGI Approval & IFC Partnership
ZACKS· 2025-09-29 16:46
Core Insights - McEwen Inc.'s subsidiary McEwen Copper's Los Azules copper project has been included in Argentina's Large Investment Incentive Regime (RIGI), confirming its technical and financial robustness and commitment to sustainability [1][7] - A collaboration agreement with the International Finance Corporation (IFC) has been established to align the project with global standards, enhancing its appeal to international investors and positioning it for future financing [2][7] - Los Azules is the ninth-largest undeveloped copper deposit globally, targeting carbon neutrality by 2038 and aiming to produce high-purity copper cathodes for industrial use [3][7] Financial Performance - McEwen reported second-quarter earnings of 6 cents per share, missing the Zacks Consensus Estimate of 9 cents, and revenues of $47 million, also below the estimate of $55 million [5] - The company's stock has surged 67.2% over the past year, significantly outperforming the industry growth of 9.4% [6]
TNR Gold reveals update from McEwen Mining on Los Azules, project receives IFC support
Proactiveinvestors NA· 2025-09-29 13:32
Group 1 - Proactive provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2][3] - The news team covers key finance and investing hubs including London, New York, Toronto, Vancouver, Sydney, and Perth [2] - Proactive focuses on medium and small-cap markets while also covering blue-chip companies, commodities, and broader investment stories [2][3] Group 2 - The team delivers news and insights across various sectors including biotech, pharma, mining, natural resources, battery metals, oil and gas, crypto, and emerging technologies [3] - Proactive adopts technology to enhance workflows and improve content production [4][5] - All content published by Proactive is edited and authored by humans, ensuring adherence to best practices in content production and search engine optimization [5]
McEwen Copper Inc. Advances with Los Azules Project in Argentina
Financial Modeling Prep· 2025-09-27 22:00
McEwen Copper Inc., a subsidiary of McEwen Inc. (NYSE:MUX), has been approved to join Argentina's Large Investment Incentive Regime, promising a $2.672 billion investment in the Los Azules copper mining project.The project is expected to generate over $30 billion in export revenues, significantly boosting Argentina's economy through foreign currency inflow, employment, and local development.McEwen Inc. executed notable stock transactions on September 22, 2025, with key figures selling shares at approximatel ...
McEwen Copper's Los Azules Joins Argentina's Large Investment Incentive Regime (RIGI)
Globenewswire· 2025-09-26 18:50
Core Points - McEwen Copper Inc. has received approval for the Los Azules project to participate in Argentina's Large Investment Incentive Regime (RIGI), which aims to promote strategic initiatives for the country's productive development [1][6] - The project involves an investment of US $2.672 billion, covering exploration, construction, and operational stages of the copper mining development in Calingasta, San Juan Province [2][3] - Los Azules is set to be the first project in Argentina to produce high-purity copper cathodes, emphasizing a sustainable approach that minimizes environmental impact and operates on renewable energy [3][12] Economic Impact - The Los Azules project is projected to generate over US $30 billion in export revenues, significantly contributing to Argentina's foreign currency inflow and local economic development [4][6] - The project is expected to create substantial employment opportunities and increase tax revenues at both provincial and national levels [4][5] Strategic Importance - The approval under RIGI enhances operational predictability and establishes a clear framework for engagement with the state and future partners, reinforcing McEwen Copper's commitment to responsible and sustainable mining [5][6] - The RIGI framework provides legal, fiscal, and customs stability for 30 years, including tax incentives and streamlined customs procedures, which are crucial for attracting international investment [7][9] Project Development Timeline - The Environmental Impact Declaration (EIA) was approved in December 2024, with the feasibility study expected to be completed by the end of October 2025, positioning the project to begin construction [7] - McEwen Copper plans to continue exploration around Los Azules to potentially extend the resource size and life, reinforcing its leadership in sustainable mining [7][12]
IFC Supports McEwen Copper Through Key Collaboration Towards Sustainable Financing for Los Azules
Globenewswire· 2025-09-24 10:00
Group 1 - The International Finance Corporation (IFC) and McEwen Copper Inc. have signed a collaboration agreement to align the Los Azules copper project with IFC's environmental, social, and governance (ESG) standards for potential future financing [1][4][5] - Los Azules is one of the largest undeveloped copper deposits globally, located in Argentina's San Juan province, with Environmental Impact Declaration (EIA) approval and a feasibility study expected to be completed by October 2025 [2][9] - The project aims to be Argentina's first regenerative copper mine, targeting carbon neutrality by 2038, and has an estimated after-tax NPV of $2.7 billion at $3.75/lb Cu, with a mine life of 27 years [7][9] Group 2 - The collaboration emphasizes integrating IFC's Performance Standards into the project's development to de-risk it and align with international investor criteria, promoting transparency and community benefits [3][4] - The World Bank Group supports Argentina's mining sector to unlock its potential sustainably, aiming to create jobs and enhance local economic development [4][6] - McEwen Copper aims to enhance the project's appeal to global investors through proactive ESG integration and a solid financing framework [5][9]
McEwen (MUX) Reports Q2 2025 Results
Yahoo Finance· 2025-09-12 07:50
Financial Performance - McEwen Inc. reversed a $13.0 million loss in Q2 2024 to achieve a net income of $3.0 million in Q2 2025 [1] - Gross profit increased to $12.3 million with a 26% margin, and adjusted EBITDA rose from $7.2 million to $17.3 million [1] - Revenue reached $46.7 million from 14,549 GEOs, with an average realized gold price of $3,298 per GEO [1] - Cash and equivalents increased to $53.6 million, with working capital improving to $61.8 million from -$6.5 million at the end of 2024 [1] Production and Costs - Consolidated output, including the 49%-owned San José Mine, was 27,554 GEOs, with cash expenses per GEO at $1,906 and AISC at $2,120, slightly higher than Q2 2024 [2] - Production increases during H2 2025 are expected to reduce unit costs [2] - Full-year guidance is reiterated at 120,000-140,000 GEOs, supporting the firm's objective to increase gold and silver production by 2030 [2] Investments and Developments - McEwen Copper spent $7.0 million on the Los Azules Feasibility Study and $5.4 million on exploration across various projects [2] - The Froome West and Stock mining ramp developments are advanced by Fox Complex [2] - The company reported no lost-time events, indicating continued high safety standards [2]
Ian Ball Appointed Vice-Chairman of McEwen Inc.
Globenewswire· 2025-09-11 10:00
TORONTO, Sept. 11, 2025 (GLOBE NEWSWIRE) -- McEwen Inc. (NYSE: MUX) (TSX: MUX) (“McEwen” or "MUX") is pleased to announce the appointment of Ian Ball as the Company’s Vice-Chairman, a newly created executive position designed to support the Company’s strategic growth. Prior to assuming this role, Mr. Ball has served as an independent director of McEwen since 2022. His appointment reflects the Company’s commitment to strengthening leadership as it advances its production and exploration goals. From 2014 to 2 ...
McEwen (MUX) Announces Encouraging Results From 2025 Drilling Program at The Windfall Project
Yahoo Finance· 2025-09-11 07:32
McEwen Inc. (NYSE:MUX) is one of the Best Mining Stocks to Buy According to Hedge Funds. On September 3, the company announced encouraging results from the 2025 drilling program at the Windfall Project, which is located on the Eureka Property in Nevada, some 32 miles (50 kilometers) from the company’s Gold Bar Mine. McEwen Inc. (NYSE:MUX) highlighted that the results confirm continuous gold mineralization in the main Windfall Fault Zone and reveal a brand-new fault zone in its footwall, with high grades of ...