McEwen Mining (Seite 59)

[Ramses21]

Antwort auf Beitrag Nr.: 60.875.433 von Onlyaguy am 24.06.19 10:40:36

Los Azules wird zu einem ordentlichen Anstieg führen. Aber hierzu muss das Projekt verwirklicht werden.

[Onlyaguy]

Antwort auf Beitrag Nr.: 60.873.429 von Ramses21 am 23.06.19 23:36:00

Die helfen natürlich auch.. aber für die gezielte Bewertung von 5Mrd Dollar wird auch der bei der aktuellen Situation nicht ausreichend sein.. da braucht es schon ein bissl mehr Futter oder eben einfach Goldreserven 🙃😉

[Ramses21]

Antwort auf Beitrag Nr.: 60.804.352 von Onlyaguy am 14.06.19 08:11:53

Oder einfach nur höhere Goldkurse

[Onlyaguy]

ambitioniertes Ziel MarketCap of 5Mrd $

http://www.commodity-tv.net/eplayer/teaser/videos.php/videos…

[Onlyaguy]

was wir hier brauchen und für die Zukunft entscheidend wird, sind positive Bohrergebnisse die in Blackfox und Goldbar neue in der Tiefe liegende hohe Deposits aufweist.. das ist das, auf was McEwewn wettet und dann damit eine Neubewertung eintritt wie bei Goldcorp..
Also lasst uns hoffen das die Nase von ihm genauso viel Gold wert ist wie das was da im Boden steckt..

[Ramses21]

Gestern wurden wieder mal € 1,40 in Deutschland bezahlt. Es geht mit kleinsten Schritten vorwärts, aber man braucht hier Geduld wie ein Esel.

[boersentrader02]

Nach diesem Bericht sieht es ja garnicht so schlecht aus. Allerdings muss nur noch das Gold mächtig im Preis

steigen. Und Trump wird schon dafür sorgen.



b]McEwen Mining: Mid-Tier Gold And Silver Producer[/b]
Jun. 5, 2019 8:24 AM ET
|
About: McEwen Mining Inc. (MUX)
Don Durrett

200,000 oz. gold equivalent producer (including silver).

Four gold and silver producing mines in good locations.

Good management team.

Some risk with high all-in costs.

I am always looking for quality mid-tier producers with a good entry price that provides significant upside potential. McEwen Mining currently fits that profile.

Of course, the entry price is only one data point that I check. I also look for red flags in several areas. For McEwen Mining, their only significant flag is their high production costs. They are currently losing money at $1,300 gold prices, although their break-even price could be lower if they curtailed exploration and development ($27 million budget). They also have about $50 million in debt, which could hamper their share price if gold prices drop.

I do not consider McEwen Mining to be a high-risk stock at this time because of their ability to sell assets and raise money by issuing stock. With only $50 million in debt, they have to fall quite a bit to be at risk of bankruptcy. This is a company I expect to be around for a long time. The CEO, Rob McEwen, owns 22% of the stock and is still relatively young. He founded Goldcorp and is one of the best managers in the business. This is his company and I expect him to build it into a Major.
Project Information

McEwen Mining has four operating mines in Canada, Nevada, Mexico, and Argentina. In 2019, they will produce about 200,000 oz. of gold equivalent. Currently, they are losing money with all-in costs around $1,300 per oz. They expect those costs to drop in 2020 and to become profitable again. For their market cap, their resources are not that large if you exclude the gold and silver from their Los Azules project, which is really a copper mine. Without Los Azules, they only have about 8 million oz. of gold equivalent (including silver). However, they do have considerable exploration potential on their properties. I don’t think their resources will restrict their growth.

Their El Gallo property (500,000 acres in Mexico) has 9 gold discoveries, 1 producing mine, and 2 others under development. They are working on a feasibility study for Fenix that will add 45,000 oz. of annual production for 12 years. They recently said that they are considering selling this property, which was a surprise. They also have several other excellent properties. They recently bought the Black Fox property (1.2 million oz. at 5 gpt) in Canada from Primero Gold at a fire sale price. This property has recently been producing excellent drill results.

Gold Bar in Nevada began producing in 2018 and is ramping up to 80,000 oz. of annual production in 2020. San Jose in Argentina is gold/silver mine producing about 45,000 oz. of gold equivalent. The Los Azules property in Argentina is a large copper project with 20 billion lbs. of copper and a $2.4 billion capex. It is economic with significant gold and silver offsets. They are looking for a JV partner and I expect it to get built. It is one of the better copper projects that I have come across.
Management

They have an excellent management team. The CEO, Rob McEwen, founded Goldcorp and built into a Major. He owns 22% of the stock, and is one of the best miners in the business. This is his company and I expect him to build it into a Major.
Balance Sheet

Their balance sheet is okay with $36 million in cash and $50 million in debt. They have an aggressive budget of $27 million in 2019 and expects to lose money if gold is below $1350, so their balance sheet will weaken in 2019.

https://seekingalpha.com/article/4268388-mcewen-mining-mid-t…

[Ramses21]

Antwort auf Beitrag Nr.: 60.694.877 von marstru am 29.05.19 22:36:23

Nur dem Kurs hilft es seit Jahren nicht kontinuierlich zu steigen.

[iam57]

...geht doch.

[iam57]

..heute, auch hier mal 8000 zu 1,205. Irgendwann kommen sie wieder bei den Minen...die 200-300%.