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AbraSilver Submits RIGI Application for the Diablillos Project
Newsfile· 2025-11-21 12:30
Core Points - AbraSilver Resource Corp. has submitted an application for its Diablillos silver-gold project to be included under Argentina's Large Investment Incentive Regime (RIGI) [1][2] - RIGI aims to attract major development projects in Argentina by providing long-term fiscal stability agreements and various tax, customs, and foreign-exchange benefits [2] - Approval under RIGI is expected to enhance project economics and investment certainty as Diablillos progresses to its next development phase [2] Company Overview - AbraSilver is focused on advancing its 100%-owned Diablillos silver-gold project located in Salta province, Argentina [3] - The current Measured and Indicated Mineral Resource estimate for Diablillos is 73.1 million tonnes grading 79 g/t silver and 0.66 g/t gold, containing approximately 186 million ounces of silver and 1.6 million ounces of gold [3] - The company has an earn-in option and joint venture agreement with Teck on the La Coipita project in San Juan province, Argentina [3]
McEwen Mining Inc. (NYSE:MUX) Sees Positive Outlook from Roth Capital
Financial Modeling Prep· 2025-10-03 16:00
Core Viewpoint - McEwen Mining Inc. is positioned for potential growth due to its significant projects, particularly the Los Azules copper project, and favorable market conditions indicated by a positive price target from Roth Capital [1][2][4]. Company Overview - McEwen Mining Inc. focuses on precious metals, primarily gold and silver, with operations in the Americas and notable projects like the Los Azules copper project in Argentina [1]. - The company competes with major players in the mining sector, including Barrick Gold and Newmont Corporation [1]. Market Analysis - On October 3, 2025, Roth Capital set a price target of $19 for McEwen Mining, indicating a potential increase of approximately 15.71% from the current price of $16.42 [2][6]. - The current stock price of MUX is $16.42, reflecting a decrease of 2.15% or $0.36, with a market capitalization of around $888.43 million [5][6]. Project Development - The Los Azules project is a key venture for McEwen Mining, with TNR Gold Corp holding a 0.4% net smelter returns royalty and the project being included in Argentina's Large Investment Incentive Regime (RIGI) [3][4]. - The RIGI aims to enhance strategic initiatives with an investment of $2.672 billion for exploration, construction, and operations, which could bolster investor confidence in McEwen Mining [3][4]. Stock Performance - MUX's stock has fluctuated between $15.66 and $17.04 on the day, with a 52-week high of $17.52 and a low of $6.38 [5]. - The trading volume for MUX on the NYSE is reported at 1,831,868 shares [5].
Argentina approves McEwen's $2.7 billion copper project for tax break program
Reuters· 2025-09-26 16:49
Core Insights - Argentina has approved McEwen Copper's $2.7 billion Los Azules copper project for a tax break program called the Large Investment Incentive Regime (RIGI) [1] Company Summary - McEwen Copper is a Canadian mining company that is set to benefit from the approval of its Los Azules copper project in Argentina [1] - The project is valued at $2.7 billion, indicating a significant investment in the mining sector [1] Industry Summary - The approval of the Los Azules project under the RIGI program highlights Argentina's efforts to attract foreign investment in the mining industry [1] - The tax break program aims to incentivize large investments, which could lead to increased copper production in the country [1]