McEwen Mining (Seite 41)

[bigyawn]

McEwen Mining produces 35,062 oz AuEq in Q1

2020-04-14 06:11 ET - News Release

Mr. Rob McEwen reports
MCEWEN MINING ANNOUNCES Q1 2020 PRODUCTION RESULTS, AND RE-STARTS BLACK FOX
McEwen Mining Inc.'s consolidated production for the first quarter of 2020 was 29,177 gold ounces and 553,179 silver ounces, or 35,062 gold equivalent ounces, at the average gold:silver price ratio for the quarter of 94:1.
Black Fox Mine, Timmins, Canada (100%)
In Q1, Black Fox produced 8,328 GEOs. Mining was temporarily suspended at Black Fox on March 26, 2020 for two weeks to allow time for management to evaluate and adapt to operating with the risks associated with the COVID-19 pandemic. Over the course of the shutdown we have implemented rigorous policies and procedures to minimize the potential risks to the health of all individuals at the mine. Our miners and teams are overwhelmingly supportive of returning to work with the new safety measures, and the decision has been made to restart operations immediately.
San Jose Mine, Santa Cruz, Argentina (49%(2))
In Q1, San Jose produced 8,993 gold ounces and 551,872 silver ounces, for a total of 14,864 GEOs. Mining was temporarily suspended from March 20, 2020 due to a nationwide mandatory quarantine imposed in Argentina to combat the spread of COVID-19. Permission has now been granted by the government to restart mining at San Jose. Hochschild Mining has notified us that they are restarting production, with the expectation that ongoing labor and travel restrictions will mean that the ramp-up will take place over an extended period.
Gold Bar Mine, Nevada (100%)
In Q1, Gold Bar produced 9,133 GEOs. On March 26, 2020, we announced that operations would be temporarily scaled back for two weeks, contract mining stopped on April 1st, and crushing and stacking stopped on April 4th. Downstream activities such as heap leaching and process plant operation are continuing.
El Gallo Project, Sinaloa, Mexico (100%)
In Q1, El Gallo produced 2,737 GEOs from residual leaching of the heap leach pad. On April 1, 2020, the Mexican government ordered the temporary closure of all non-essential businesses, including mining, to combat the spread of COVID-19. This order limits some activities at El Gallo but is not expected to have a significant effect on residual leaching.
Financial Results
Operating costs for the quarter ended March 31, 2020 will be released with our 10-Q Quarterly Financial Statements. Notes:
(1) 'Gold Equivalent Ounces' are calculated based on a 94:1 gold to silver price ratio for Q1 2020.
(2) The San Jose Mine is 49% owned by McEwen Mining Inc. and 51% owned and operated by Hochschild Mining plc.
Technical Information
The 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 Jose
Minera Santa Cruz S.A., the owner of the San Jose Mine, is responsible for and has supplied to the Company all reported results from the San Jose 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.
ABOUT MCEWEN MINING
McEwen Mining is a diversified gold and silver producer and explorer with operating mines in Nevada, Canada, Mexico and Argentina. It also owns a large copper deposit in Argentina. McEwen Mining's goal is to create a profitable gold and silver producer focused in the Americas.
McEwen Mining has approximately 400 million shares outstanding. Rob McEwen, Chairman and Chief Owner, owns 20% of the shares.
We seek Safe Harbor.
© 2020 Canjex Publishing Ltd. All rights reserved.

[meichel]

Gute Nachkaufkurse, das sehe ich auch so

[Onlyaguy]

Hallo Ramses,

schade das du nicht mehr dabei bist.. ich habe stetig nachgekauft um meinen Einstandskurs zu verbilligen.. Grundsätzlich ist die Entwicklung sicherlich nich wunschgemäß abgelaufen, aber Mal ehrlich.. schau dir mal die Markkapitalisierung zum Goldoutput an und schau dann auf den Goldpreis! McEwen ist danach aktuell einer der günstigsten Produzenten.. und ob hier ein ReSplit kommt oder nicht, wird da auch nicht mehr viel nach unten bewirken.. ich bin auf das erste Quartal gespannt, wenn McEwen da die Produktionszahlen treffen sollte, kommt es hier zu einem schnellen Rebound.. Wir haben hier auf kurz oder lang einen 200k Unzen Produzent für knapp 250mio Dollar, mit viel Potenzial und einen stetig steigenden Goldpreis, bei dem selbst McEwen profitabel ist.. und ähnlich wie bei Hochpreisigen südafrikanischen Produzenten, ist hier das Chancen/RisikoVerhältnis enorm gegenber anderen gut gelaufenen Werten!

[Ramses21]

Antwort auf Beitrag Nr.: 63.231.687 von boersentrader02 am 03.04.20 18:28:48

Der Rob kann auch einfach die Aktienanzahl halbieren und Zack sind die Anforderungen wieder erfüllt. Aber das bedeutet nicht das es besser läuft. Bei € 0,40 würde ich vielleicht wieder schwach werden.

[boersentrader02]

Ich gehe 6 davon aus, das MUX in den nächsten Monaten wieder über 1 US $ stehen wird.

Rob wird es doch wohl nicht zulassen das sein Baby von der Nyse ausgeschlossen wird.

Dann war ja die gesamte Mühe umsonst, die er sich mit diesem Unternehmen angetan hat.

In 6 Monaten wissen wir Bescheid. Jetzt heißt es bis in den Herbst hinein "Alles ider Nichts".

Bis dahin sind es schon einmal fast 40 bis 50 %. Ob Rob das schaffen wird ?



McEwen Mining erfüllt die Anforderungen an die Notierung an der New Yorker Börse

GlobeNewswire 27. März 2020

finance.yahoo.com/news/...addresses-york-stock-100010643.htm…

TORONTO, 27. März 2020 (GLOBE NEWSWIRE) - McEwen Mining Inc. ( MUX.TO ) ( MUX.TO ) berichtet, dass es unter die New Yorker Börse ("NYSE") gefallen ist seine Stammaktien. Die NYSE verlangt, dass der durchschnittliche Schlusskurs der Stammaktien eines börsennotierten Unternehmens über 1,00 USD pro Aktie liegt, berechnet über einen Zeitraum von 30 aufeinander folgenden Handelstagen.

Das Unternehmen wurde am 24. März 2020 von der NYSE darüber informiert, dass der Durchschnittspreis seiner Stammaktien in den letzten 30 Handelstagen unter 1,00 USD je Aktie lag.

McEwen Mining beabsichtigt, Schritte zu unternehmen, um die Einhaltung der fortgesetzten Kotierungsanforderungen der NYSE wiederherzustellen. Nach den Regeln der NYSE hat das Unternehmen eine Frist von sechs Monaten, um seinen Aktienkurs und den durchschnittlichen 30-Tage-Schlusskurs wieder über 1,00 USD zu bringen. Während dieses Zeitraums werden die Stammaktien des Unternehmens weiterhin an der NYSE gehandelt, vorbehaltlich aller anderen Anforderungen an die weitere Notierung. Wenn sich der Aktienkurs am Ende der sechsmonatigen Nachfrist nicht erholt hat, unterliegt die Aktie des Unternehmens den NYSE-Suspendierungs- und Delisting-Verfahren. Die Notierung des Unternehmens an der Toronto Stock Exchange ("TSX") bleibt von jeglichen Maßnahmen der NYSE unberührt.

[Ramses21]

Antwort auf Beitrag Nr.: 63.138.694 von bigyawn am 26.03.20 13:10:47

Also ich habe meine Anteile nach dieser Meldung verkauft. Wenn die auch noch wegen Corona ihre Produktion runter fahren oder einstellen...warum sollte man McEwen noch halten. Es läuft ja sonst schon nicht gut. Die kann man sich bald noch günstiger kaufen wenn man will.

[bigyawn]

McEwen Mining suspends ops at Black Fox, Gold Bar

2020-03-26 06:55 ET - News Release

Mr. Rob McEwen reports
MCEWEN MINING ANNOUNCES TEMPORARY SUSPENSION OF OPERATIONS AT BLACK FOX AND GOLD BAR MINES
In order to protect the health of McEwen Mining Inc.'s work force, their families and the nearby communities from the spread of COVID-19, both the Black Fox and Gold Bar mines will scale down operations beginning today for a period of 14 days. Certain production and exploration activities will continue at Gold Bar in areas where social distancing can be observed, including ore crushing, irrigation of the heap leach pad and operation of the process plant. At Black Fox, the company expects to continue development activities related to the Froome access ramp. Both sites will continue to be minimally staffed to ensure safety, security and environmental compliance. The company's projects in Mexico are continuing to operate normally.
About McEwen Mining Inc.
McEwen Mining is a diversified gold and silver producer and explorer with operating mines in Nevada, Canada, Mexico and Argentina. It also owns a large copper deposit in Argentina. McEwen's goal is to create a profitable gold and silver producer focused in the Americas.
We seek Safe Harbor.
© 2020 Canjex Publishing Ltd. All rights reserved.

[boersentrader02]

Die Produktion in Argentinien wurden von McEwen bis voraussichtlich bis Ende des Monats März eingestellt.

Und das auch wegen Corona, Und was das bedeuted werden wir noch sehen.


Operations Update and Withdraws Production Guidance Due to COVID-19 Pandemic


TORONTO, March 20, 2020 - McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) reports on the current impacts of COVID-19 on our operations.
•The government of Argentina has declared a state of emergency and imposed a nationwide mandatory quarantine starting today to reduce the spread of COVID-19. As a result, our 49%-owned San José mine has temporarily halted operations effective today, through at least March 31, 2020. The mine site will continue to be staffed by a reduced workforce to ensure appropriatngestellt.e safety, security, and environmental systems are maintained.

•Work at the Los Azules copper project in Argentina is also suspended until further notice.

•With the confirmed presence of COVID-19 in the Timmins region, our Black Fox operation is implementing numerous safety measures in addition to very strict site access and employee screening measures already in place: all non-essential staff and second-in-command managers will be working from home, employees who must travel by plane or for more than 4 hours have been asked not to return to the site, payroll will be isolated off site, group meetings have been discontinued, data is being collected on employee family health status, and numerous other measures.

•As a consequence of the suspension of mining at San José and uncertainty related to the potential impact of COVID-19 on our other operations, we are withdrawing all previously announced production and costs guidance for 2020.

McEwen Mining’s mines in Ontario, Nevada, and Mexico are currently continuing to operate. The measures being taken to combat COVID-19 by the Company and local authorities in each of the jurisdictions where we operate are changing rapidly. We are closely monitoring the situation at our mine sites and in the local communities. McEwen Mining Inc. will be following the guidelines and directions set out by the local public health authorities.

Reliability of Information Regarding San José
Minera Santa Cruz S.A. (MSC), 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.

[marstru]

Dead cat bounce?

[boersentrader02]

Hier ist bereits das Ergenis für das Jahr 2019. Ist doch nicht berauschend, schade.

MCEWEN MINING REPORTS 2019 FULL YEAR AND Q4 RESULTS
March 16, 2020

TORONTO, March 16, 2020 (GLOBE NEWSWIRE) -- McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) today reported fourth quarter and full year results for the period ended December 31, 2019.

For the full year 2019, production was 174,420 gold equivalent ounces(1) (GEOs)(see Table 1), compared to 175,640 GEOs in 2018.

Our three 100% owned mines generated a cash gross profit of $33.7 million(2) in 2019, and a gross profit of $9.0 million. Cash gross profit, is a new non-GAAP measure used for the first time in our Form 10-K, and is intended to evaluate our ability to generate cash flow. Cash gross profit is calculated by adding back depletion and depreciation to gross profit, which is a GAAP measure.

We received $8.9 million in dividends from our interest in the San José mine in 2019 (49% owned).

We invested $47.3 million on advanced projects and exploration in 2019, which contributed to our consolidated net loss of $59.7 million, or $0.17 per share.

We performed 132 miles (213 km) of drilling in 2019, with approximately 90% completed at the Black Fox Complex, and the balance at the Gold Bar Property.

A review of the Gold Bar reserve estimate is ongoing, and a downward revision of the reserve estimates is anticipated (see the Gold Bar Mine section below for further details).

The Grey Fox project Indicated resource estimate increased 33% (see Table 2.4).

Exploration delivered many high-grade drill intersections on extensions of the Black Fox Mine, in the Grey Fox area, and on the Stock Property, where drilling led to the discovery of a new gold mineralized zone at Stock West.

Our year-end conference call will take place tomorrow, Tuesday, March 17th at 2pm EDT. Details are provided below.

Operations Update

San José Mine, Argentina (49% Interest)

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