McEwen Mining (Seite 76)

[Ramses21]

Jeder Dollar mehr bleibt bei McEwen hängen.😎

[Ramses21]

Antwort auf Beitrag Nr.: 56.803.819 von Ramses21 am 23.01.18 18:15:36

Und ja bei Black Fox sind die Kosten aktuell zu hoch und müssen gesenkt werden. Mir gefällt gut bei McEwen das die Produktion nicht vorwärts verkauft wird. Da könnte in 2018 ein dickes Plus werden bei dieser Aktie.

[Ramses21]

Antwort auf Beitrag Nr.: 56.762.364 von boersentrader02 am 18.01.18 22:49:36

Und was gefällt dir nicht? Bei Black Fox gibt es noch große Bereiche welche überhaupt noch nicht untersucht sind und einiges bringen können. Bei Black Fox wurde ein Minenbetrieb sowie eine Jahresproduktion von ca 50k Unzen Gold gekauft. Und jetzt wird untersucht ob noch mehr zu holen ist.

[freddy1989]

!

Dieser Beitrag wurde von CloudMOD moderiert. Grund: Diskussionen zu Moderationsentscheidungen gehören nicht in den Thread

[freddy1989]

!

Dieser Beitrag wurde von MODelfin moderiert. Grund: Bitte beachten Sie das Threadthema, Danke.

[boersentrader02]

Lest euch auch die 14 Kommentare durch, die dort noch anhängen.

Ist sehr spannend was es dort zu lesen gibt.

[boersentrader02]

Bei diesem Kauf wird sich doch der "alte Fuchs " Rob McEwen nicht verkauft haben ?

Die hier aufgezeigten Ergebnisse sprechen eine andere Sprache als das was wir bisher zu diesem Goldfeld Black Fox von ihm gehört haben.

Hoffentlich werden die in diesem Jahr gebohrten Ergebnisse besser und sprechen dann wieder eine andere Sprache.

Ich will das für uns alle hoffen.



Chasing The Black Fox
Jan. 18, 2018 11:27 AM ET| 14 comments|

Hamlet Capital Gold

Summary

McEwen Mining expects exploration potential from the complex.

Latest drill results are lackluster.

McEwen's 2018 drilling program is more important than ever.

McEwen Mining (MUX) purchased the Black Fox Complex in Ontario from Primero Mining (PPP) in October, 2017, with a stated intention of expanding its gold exploration potential. Upon the purchase, a sizeable backlog of unassayed drill-core samples existed from Primero's extensive exploration program on the property. McEwen's release of those results, which includes samples from 2016 to its present program, casts some doubt on the property's potential.

McEwen released results from three areas of the complex: (1) targets adjacent to the existing deposits at the Black Fox Mine, (2) the Tamarack zone, about a kilometer southeast of the Black Fox open pit, and (3) the Froome resource, a deposit 850 meters west of the open pit.
Black Fox

Of these three areas, targets adjoining existing resources at the Black Fox Mine account for the bulk of samples. McEwen's new results include 141 holes, 85 of which contain no significant mineral values. Of the 56 remaining borings, 31 have an undetermined true width. While McEwen's release contains some eye-catching highlights, our drill result model demonstrated lackluster findings:Black Fox

https://static.seekingalpha.com/uploads/2018/1/17/6306411-15…" target="_blank" rel="nofollow ugc noopener">https://static.seekingalpha.com/uploads/2018/1/17/6306411-15…


Tamarack

Described by McEwen as "intriguing," no conclusions can be drawn from the Tamarack mineralization. Of 13 borings, six assays are pending and one has an undetermined true width. Potential base and precious metal resources derived from our model are as follows:Tamarack

https://static.seekingalpha.com/uploads/2018/1/17/6306411-15…


Froome

The results from the Froome deposit are perhaps the most surprising and encouraging for McEwen. Of 62 samples, 13 contain no significant values, and of the remaining 49, only eight have undetermined true widths. Froome has similar potential resource additions as Black Fox main with less than half the number of samples. Resource interpretation from our model is shown below:


https://static.seekingalpha.com/uploads/2018/1/17/6306411-15…



Conclusions

For a mine which has produced on average almost 100,000 ounces per year since its re-commissioning in 2009, a resource increase at Black Fox of between 12,000 and 25,000 ounces represents a life-of-mine extension measured only in weeks. This assumes that those resources will be converted into economic reserves, for which McEwen has no feasibility study prepared.

Results from the Froome deposit are relatively more promising than Black Fox main in terms of potential resource increases, but with a current resource of only 151,000 ounces, there is no guarantee that the project would ever be developed.

McEwen plans to drill an additional 100,000 meters throughout the Black Fox complex in 2018. For long-term viability of the property, McEwen will need to produce significantly better results before any feasible development plan can be forwarded.

Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.


https://seekingalpha.com/article/4138371-chasing-black-fox?a…

[bigyawn]

McEwen Mining to spend $10M on Black Fox in 2018

2018-01-17 07:46 ET - News Release

Mr. Sylvain Guerard reports

MCEWEN MINING BLACK FOX 2018 EXPLORATION OUTLOOK

McEwen Mining Inc. acquired the Black Fox complex in October, 2017, in a strategic investment that increases its gold production, provides excess milling capacity and significantly expands its mineral resource base and exploration potential in the Timmins district of Canada. Exploration is the principal focus at Black Fox for 2018. A $10 million property-wide exploration program that will include approximately 330,000 feet (100,000 metres) of drilling is underway. The main objectives are to test for extensions of existing resources, follow-up on significant drill results, and to investigate new exploration targets.

The Black Fox Complex is composed of two land packages that cover 7 miles (11 km) along the prolific Porcupine-Destor Fault, known internationally as the {A ‘}Golden Highway'. The combined production from the purchased properties totals over 950,000 ounces of gold. The Black Fox mine was initially in production from 1997 to 2001. It was re-commissioned in 2009 and has operated continuously since then, producing a total of 821,000 ounces of gold from an open pit and underground mine. Although there is a history of exploration and production, the land packages appear underexplored to depth and along trends. The 2018 exploration budget has been almost tripled from the previous year and will consist of approximately 200,000 feet (60,000 m) of surface drilling and 130,000 feet (40,000 m) of underground exploration and delineation drilling.

"We are very pleased with the addition of the Black Fox Complex to our portfolio and to announce an aggressive exploration program to assess the full potential of the property.

Black Fox has all the criteria characteristic of great exploration projects including: prime location within a prolific mining region, high gold endowment, presence of high-grade mineralization, multiple prospective structural trends, as well as various styles of mineralization and host rock types.

Despite successful past exploration, the property remains largely under-explored and the upside potential is considered excellent. We anticipate that our 2018 exploration program will result in the growth of known deposits, and lead to new discoveries of gold and base metal mineralization." - Sylvain Guerard, Senior Vice-President Exploration.

When McEwen purchased the Black Fox Complex, the last release of exploration results had occurred one year earlier in Q3 2016, and there was a significant backlog of unassayed drill core. Therefore, this release includes the undisclosed results from late 2016 and 2017, along with new drill results generated since the purchase (see Tables 1 to 3 for complete drill information).

2017 Black Fox Mine Exploration Highlights

In 2017, Black Fox underground exploration was focused on extensions of existing resources proximal to the mine infrastructure, and areas below and along the flanks of the deposit where potential exists for new discoveries. Through this exploration program, several advanced development targets including the High Quartz (HQ), extensions of the Deep Central (DC), and the Far East zones, were brought into the conceptual mine plan. Additional exploration targets include the Far West, Gap, and deeper below the DC (see Figure 1).

High Quartz (HQ)

Drilling in the HQ, carried out from an exploration drift at the 1,700 ft (520 m) elevation, and targeting mineralization at the 2,000-2,600 ft (600-800 m) elevation, had positive results. Highlights of this drilling include:

Hole 520-EX286-05 grading 43.6 g/t gold over 1.61 m, 330 ft (100 m) west of the DC, centered on the 2,300 ft (700 m) elevation.

Deep Central (DC)

Exploration drilling was directed down plunge of the DC and tested for extensions at 2,600-4,000 ft (800-1200 m) elevation. This drilling proved technically challenging from available drill stations due to poor ground conditions. Highlights of this drilling include:

Hole 520-EX346-17 grading 7.2 g/t gold over 3.89 m at the 3,000 ft (910 m) elevation; and

Hole 520EX-346-23 grading 39.6 g/t gold over 5.13 m at the 2,700 ft (830 m) elevation.

Definition drilling within the known resource at the DC returned some notable results including:

Hole 680-F115-09 grading 77.3 g/t gold over 4.02 m (not true width) at the 2,800 ft (840 m) elevation; and

Hole 520-EX346-35 grading 29.5 g/t gold over 1.72 m at the 2,200 ft (675 m) elevation.

Down dip drilling (i.e. parallel to the mineralization) collared from development at the 2,400 ft (740 m) elevation was used to drill over 650 ft (200 m) below the modeled DC mineralization envelope. This method allowed rapid coverage vertically beneath existing mineralization and helped demonstrate continuity, while avoiding difficult ground conditions. Results were positive and will be followed-up with drilling focused across strike to delineate additional mineralization. Highlights of this drilling include:

Hole 740-L275-71, which had six significant intervals, including 41.0 g/t gold over 1.75 m, followed by 36.9 g/t gold over 6.1 m, and 27.2 g/t gold over 4.0 m, and 23.2 g/t gold over 1.56 m, and 223.7 g/t gold over 9.2 m, and 15.5 g/t gold over 1.25 m (not true widths).

Far East

Far East is a zone of mineralization plunging shallowly to the southwest and located 500 ft (150 m) east of the mine workings. Previous drilling was done at poor angles and was complicated by a swarm of diabase dykes cutting the mineralization. Recent drilling has intersected intense alteration, quartz carbonate veining, as well as sulfide and gold mineralization, which are all indicators of the potential for economic gold mineralization. Highlights of this drilling include:

Hole 520-EX662-07 grading 23.3 g/t gold over 3.00 m.

Gap

Recent drilling in the Gap, located between the East and West Black Fox mining zones above the 1,600 ft (490 m) elevation, intersected a mineralized zone between two vein swarms, returning encouraging results in two of seven holes. Highlights of this drilling include:

Hole 490-L164-83 grading 16.3 g/t gold over 4.54 m (not true width) at approximately the 1,500 ft (470 m) elevation; and

Hole 490-L164-87 grading 25.0 g/t gold over 1.00 m, followed by 25.6 g/t gold over 1.0 m, and 46.7 g/t gold over 1.84 m (not true widths) at approximately the 1,200 ft (370 m) elevation.

Far West

Drilling in the Far West was carried out from an exploration drift at the 1,700 ft (520 m) elevation, and targeted mineralization at the 2,000-2,600 ft (600-800 m) elevation. Results were positive, highlights of this drilling include:

Hole 520-EX290-02 grading 87.3 g/t gold over 1.15 m, located 1,000 ft (300 m) west of the DC and centered on the 675 m elevation; and

Hole 520-EX286-45 grading 80.3 g/t gold over 0.73 m at the 2,100 ft (650 m) elevation.

2018 Black Fox Complex Exploration Targets

Black Fox Deep

A deep directional drilling program from surface targeting potential extensions of mineralization down dip of the DC zone at 3,000-4,600 ft (900-1,400 m) depth is currently underway. The deepest mineral reserve at Black Fox is currently at the 2,750 ft (840 m) elevation, and the deepest mineral resource is at the 2,900 ft (880 m) elevation. The deepest DC drill intercept to-date was in Hole 520-EX346-28 grading 5.3 g/t gold over 1.45 m in a quartz vein with visible gold at the 3,450 ft (1,050 m) elevation.

Tamarack {A –} Intriguing Base Metals and Gold

The Tamarack zone is located southeast of the Black Fox open pit and contains significant gold and zinc-lead-silver massive sulfide mineralization. The zone starts near surface and appears to extend for 2,500 ft (760 m) vertical with a coherent dip at the contact between volcanic and sedimentary rock units (see Figure 2). As the Tamarack zone is open along strike and at depth, current exploration is focused on determining the distribution of gold and base metal zones and true size potential.

Five surface drill holes have recently been completed targeting base metal and gold mineralization. Hole 17BF-621, located down the dip of the near surface mineralization returned 23.6% zinc, 15.0% lead, 0.15 g/t gold, 277 g/t silver over 5.10 m (not true width).

Two underground drills were also mobilized, one targeting the down dip projection of the surface base metal and gold zone, and the second tracing the Deep Tamarack zone up dip at the 1,650 and 2,000 ft (500 and 600 m) elevations. Hole 520-EX582-45 located 260 ft (80 m) up dip of Deep Tamarack returned 5.6% zinc, 0.4% lead, 0.5 g/t gold and 9.8 g/t silver over 5.97 m, including 40.8% zinc over 0.37 m (not true width).

In 2017, six underground holes from the 1,700 ft (520 m) elevation were drilled to refresh the understanding of a tight cluster of historic holes that define the Deep Tamarack zone. Drill holes tested the 2,450 and 2,800 ft (750 and 850 m) elevations on approximately 160 ft (50 m) horizontal spacing around the historic holes. Significant intersections of gold and base metal mineralization (not always coincident) include:

Hole 520-EX582-40 grading 5.4 g/t gold over 4.70 m; and

Hole 520-EX584-42 grading 10.4 % zinc, 1.3% lead, 1.43 g/t gold, 18 g/t silver over 2.00 m (not true width) in semi-massive sulfide mineralization.

Froome Deposit

The Froome deposit is located 2,800 ft (850 m) to the West of the Black Fox open pit. It was discovered in 2014 and has a current Indicated resource of 151,000 gold ounces at a grade of 5.5 g/t. A drill program is focusing on extending the Froome deposit at depth. It will be executed in conjunction with geophysical methods to aid in vectoring towards mineralization. Lateral extensions will also be tested to follow up on prior significant lateral drill intersections to the northwest and southeast of the deposit (see Figure 3).

Drilling in late 2016 along strike 1,000 ft (300 m) northwest of Froome returned an excellent intersection in Hole 16PR-G214 grading 12.5 g/t gold over 22.0 m, including 61.1 g/t gold over 3.2 m (not true width). The follow up program of six holes intercepted significant gold values without repeating the high-grade assays, however the drilling supports the continuity of the host lithology and warrants additional drilling, which will be completed in 2018.

Grey Fox Deposit

Grey Fox has a current open pit and underground resource of 668,000 gold ounces at a grade of 4.4 g/t in the Indicated category, and 174,000 gold ounces at a grade of 4.2 g/t in the Inferred category. Exploration at Grey Fox in 2018 will drill test the depth extensions of high-grade portions of the deposit and along strike within the Grey Fox structural zone.

Stock Property

The Stock property (location of the Black Fox Stock Mill) is the site of the former Stock Mine, which produced 137,000 gold ounces at a grade of 5.5 g/t from an underground mine between 1989-2005. Exploration at Stock will start by validating a historical near surface zone of mineralization to the East of the mine.

Table 1 {A –} Black Fox Drilling: http://mcewenmining.com/files/doc_news/archive/20180117_blac…

Table 2 {A –} Froome Drilling: http://mcewenmining.com/files/doc_news/archive/20180117_blac…

Table 3 {A –} Tamarack Drilling: http://mcewenmining.com/files/doc_news/archive/20180117_blac…

ABOUT MCEWEN MINING

McEwen has the goal to qualify for inclusion in the S&P 500 Index by creating a profitable gold and silver producer focused in the Americas. McEwen's principal assets consist of: the San Jose mine in Santa Cruz, Argentina (49% interest); the El Gallo Gold mine in Mexico; the Black Fox mine in Timmins, Canada; the Gold Bar mine in Nevada, currently under construction; and the large Los Azules copper project in Argentina, advancing towards development.

McEwen has a total of 337 million shares outstanding. Rob McEwen, Chairman and Chief Owner, owns 24% of McEwen.

QUALIFIED PERSON

Technical information pertaining to geology and exploration contained in this news release has been prepared under the supervision of Dean Crick. Mr. Crick is a "qualified person" within the meaning of NI 43-101.

TECHNICAL INFORMATION

Black Fox Complex drilling was conducted by Norex Drilling supervised by McEwen's Geology Department. All exploration drill core samples at the Black Fox Complex were submitted as 1/2 core and analyses reported herein were performed by the independent laboratories: Accurassay Laboratories, which is ISO/IEC 17025 certified, ALS Laboratories, which is ISO 9001/IEC17025 certified, Activation Labs, which is ISO 9001/IEC17025 certified, SGS Canada Laboratories, which is ISO9001/IEC17025 certified, and Swastika Laboratories, which is ISO 17025 certified. Samples from definition and select delineation drilling, and development sampling completed within the Black Fox mine are assayed at McEwen's onsite laboratory. McEwen's quality control program includes systematic insertion of blanks, standard reference material and duplicates to ensure laboratory accuracy.

To determine the lengths of significant mineralised intervals, the following composite criteria was established: a minimum reportable interval length of 3 m was determined by establishing a cut off grade of 3.4 g/t Au for underground (1 g/t Au for near surface). A consecutive maximum length of 3 m of internal waste, including sub cut-off grade material, is allowed and incorporated into the reported composites. Where an interval of less than 3 m is considered, if the grade x length calculation is greater than 10, it may be reported. There is no top cutting or capping of assays.

We seek Safe Harbor.

© 2018 Canjex Publishing Ltd. All rights reserved.

[boersentrader02]

McEwen 2017 output fails to impress, but gold prices boost shares
Cecilia Jamasmie | about 5 hours ago | 240 | 0

El Gallo mine in Mexico achieved production of 19,893 gold equivalent ounces in Q4, successfully recuperating lost production due to equipment failure in July. (Image: McEwen Mining via Flickr.)

Shares in Canadian precious metals producer McEwen Mining (TSX, NYSE:MUX) were up Monday as gold prices touched the highest level since early September during the European trading session, and the company reported 2017 and Q4 results.

The Toronto-based company said it produced 109,947 gold ounces and 3,178,742 silver ounces, last year, roughly in line with full-year guidance of 109,500 ounces of gold and 3,337,000 silver ounces.

The firm’s El Gallo mine in Mexico achieved production of 19,893 gold equivalent ounces in Q4, successfully recuperating lost production due to equipment failure in July.
"McEwen Mining aims to make it to the Standard & Poor's 500 Index, which groups the 500 largest companies that list either in the NYSE or NASDAQ."

Canada’s Black Fox had a good three months following the transition to MUX ownership. The newly acquired properties near Timmins, Ontario, produced 14,279 gold equivalent ounces.

McEwen’s San José Mine, in Argentina, had one of the best performances last year compared to the company’s other operations. It produced was 49,233 gold ounces or 6% more than in 2016, though it yielded 3,159,352 silver ounces, down 4% from the previous year.

Rob McEwen, who built Goldcorp into a top gold producer before stepping down as CEO of the Vancouver company in 2005, told MINING.com in 2017 his goal was to take McEwen Mining to the Standard & Poor's 500 Index, which groups the 500 largest companies that list either in the NYSE or NASDAQ.

He noted he was giving himself two-to-three years to make that happen through a combination of organic growth in production as well as mergers and acquisitions.

The company has been moving in the right direction. In April, it acquired junior exploration company Lexam VG, which gave McEwen access to mineral properties in advanced exploration stage in the heart of Timmins Gold Camp, northern Ontario. And in October, it completed the acquisition of Black Fox.

Shares in the miner were up 1.68% to Cdn$ 3.03 at 9:32AM ET in Toronto, while they had jumped by 2.38% in New York, trading at $2.38 by 9:50AM ET.

http://www.mining.com/mcewen-2017-output-fails-impress-gold-…" target="_blank" rel="nofollow ugc noopener">http://www.mining.com/mcewen-2017-output-fails-impress-gold-…

[bigyawn]

McEwen produces 152,329 AuEq oz in 2017

2018-01-15 08:04 ET - News Release

An anonymous director reports

MCEWEN MINING REPORTS 2017 FULL YEAR AND Q4 PRODUCTION RESULTS

McEwen Mining Inc.'s annual consolidated production in 2017 was 109,947 gold ounces and 3,178,742 silver ounces, or 152,329 gold equivalent ounces (1), at a gold to silver ratio of 75:1.




2017 CONSOLIDATED PRODUCTION SUMMARY

Guidance 2017 Q1 Q2 Q3 Q4

Gold ounces 109,500 109,947 20,096 22,191 19,051 48,609
Silver ounces 3,337,000 3,178,742 722,767 779,487 749,749 926,739
Gold eq. ounces 154,000 152,329 29,733 32,584 29,047 60,965

Q4 2017 highlights

El Gallo achieved production of 19,893 gold equivalent ounces in Q4, successfully recuperating lost production due to equipment failure in July.
Black Fox had a good first quarter after the transition to McEwen ownership, producing 14,279 gold equivalent ounces.
Financing for a $10-million exploration program in the Timmins region, focusing on the Black Fox complex.

El Gallo mine, Mexico

Production in 2017 was 46,694 gold equivalent ounces, compared with 55,266 gold equivalent ounces in 2016. The mine overcame a production shortfall stemming from a serious mechanical crusher failure at the end of July to achieve 93 per cent of the company's annual guidance.

In Q4, the mine produced 19,893 gold equivalent ounces, compared with 7,676 gold equivalent ounces during the same period in 2016. Production in Q4 was higher as a result of increased crushing capacity, readily available stockpile of ore from previous quarters and access to higher-grade portions of the orebody.

Black Fox mine, Canada

McEwen closed the purchase of the Black Fox complex on Oct. 6, 2017. During Q4, the mine produced 14,279 gold equivalent ounces from 79,046 tonnes processed at a grade of 6.47 grams per tonne gold. These results are in line with the company's production expectations set forth during the acquisition.

San Jose mine, Argentina (49 per cent (2))

The company's attributable production from San Jose in 2017 was 49,233 gold ounces and 3,159,352 silver ounces, for a total of 91,356 gold equivalent ounces. Compared with 2016, gold production was up 6 per cent and silver production was down 4 per cent.

In Q4, attributable production was 14,528 gold ounces and 919,898 silver ounces, for a total of 26,793 gold equivalent ounces.

Return of capital

The semi-annual return of capital of 0.5 cent per share will be paid on Feb. 14, 2018, to shareholders of record as of the close of business on Feb. 2, 2018. It will be paid to common shareholders of McEwen Mining from additional paid-in capital. For shareholders in the United States and Canada, return of capital is generally not taxed, however the company recommends you to obtain advice from a tax professional familiar with your specific situation.

Financial results

Operating costs for the quarter ended Dec. 31, 2017, will be released with the company's 10-K annual financial statements in late February, 2018.

Footnotes:

(1) Gold equivalent ounces are calculated based on a 75:1 gold to silver ratio.

(2) The San Jose mine is 49 per cent owned by McEwen Mining and 51 per cent owned and operated by Hochschild Mining PLC.

About McEwen Mining Inc.

McEwen has the goal to qualify for inclusion in the S&P 500 Index by creating a profitable gold and silver producer focused in the Americas. McEwen's principal assets consist of the San Jose mine in Santa Cruz, Argentina (49-per-cent interest), the El Gallo gold mine and El Gallo silver project in Mexico, the Black Fox mine in Timmins, Canada, the Gold Bar future mine in Nevada, and the Los Azules copper project in Argentina.

McEwen has a total of 337 million shares outstanding. Rob McEwen, chairman and chief owner, owns 24 per cent of McEwen.

Reliability of information regarding the San Jose mine

Minera Santa Cruz SA, 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.

Technical information

The technical contents of this news release has been reviewed and approved by Nathan M. Stubina, PhD, PEng, FCIM, managing director and a qualified person as defined by Canadian Securities Administrator National Instrument 43-101 -- Standards of Disclosure for Mineral Projects.

We seek Safe Harbor.

© 2018 Canjex Publishing Ltd. All rights reserved.