McEwen Mining (Seite 80)

[Amphibie]

Rob McEwen
Net Worth: $875 million

Rich 100 rank: #100
Change in rank from 2016: ▲RETURNING
Major company holdings: McEwen Mining
Location: Toronto
Age: 67

[boersentrader02]

Dann wollen wir ihm einmal ein glückliches Händchen wünschen denn sonst wird das ja nichts mit dem S&P 500

[meichel]

Mcewen auf Einkaufstour.....

McEwen Mining targeting acquisition spree to get S&P listing

November 07, 2017, 12:49:00 PM EDT By Reuters

By John Revill

ZURICH, Nov 7 (Reuters) - McEwen Mining is on a buying spree as the Canadian gold company aims to grow its market capitalisation by more than five times to achieve its ambition of a listing on the S&P 500, chief owner Rob McEwen said on Tuesday.

The Toronto company is seeking to buy several assets, ideally distressed companies or mines whose owners are in financial difficulties, to help raise its market capitalisation to $5 billion from under $1 billion now.

On Tuesday, in Zurich, where he was meeting investors, he stretched the deadline to four years.

"We have to do some further M&A and have some further exploration success," he said.

"I always favour distressed assets - they are a little more work, the market has to be a bit more patient, but that's where you get your best value."

In August, McEwen bought the Black Fox mining complex in Timmins, Canada, for $35 million from Primero Mining Corp, which had invested more than $500 million, but sold it to reduce its debts.

The site will produce 50,000 ounces of gold this year, and roughly the same next year, McEwen said.

The company expects to increase its own annual gold production from 146,000 equivalent ounces in 2016 to 223,000 by 2020 from its four mines.

"It is conceivable that we can get to 300,000 ounces organically, but we have to more than double that to get to the market cap we need," McEwen said.

Most of the company's acquisition drive would be in the Americas, although he would also look at Europe, with the company spending up to $200 million for the right assets.

He said he would avoid Africa because of political risk.

Some industry sources say there was not enough consolidation in the junior mining sector last year, when commodity prices rallied more quickly than widely expected, after the crash ended early 2016.

They say that was particularly true for gold exploration, which attracts the most adventurous as it requires relatively little infrastructure, but it still absorbs capital for years before mines start producing and delivering a profit.

McEwen said he did not expect a profit until 2019 as his company has invested $60 million in starting production at a new mine in Colorado and around $15 million in exploration.

Gold prices have rallied by around 10 percent this year, less than most base metals, which have risen by more than a fifth.

[meichel]

McEwen Mining Receives Key Permit for Gold Bar


TORONTO, Nov. 08, 2017 (GLOBE NEWSWIRE) -- McEwen Mining Inc. (NYSE:MUX) (TSX:MUX) (“McEwen”) is pleased to announce it has received the signed Record of Decision (ROD) on the Final Environmental Impact Statement (EIS) for the Gold Bar Project (Gold Bar), Eureka County, Nevada. Construction of Gold Bar will begin immediately.



“This is great news for McEwen Mining and State of Nevada. Our mission to build Gold Bar has been ongoing since 2013, during that time we have overcome many challenges involved in bringing a new mining project to fruition. Gold Bar is the first new gold mine in Nevada to gain permit approval in several years. We advanced from Draft Environmental Impact Statement submittal to a Record of Decision in under 8-months, a very brisk pace for the last leg of the permitting process. We want to thank all those involved including our staff, the BLM, Eureka County Board of Commissioners, and other Cooperating Agencies,” said Rob McEwen, Chairman and Chief Owner.

[meichel]

News !!

http://www.globenewswire.com/news-release/2017/11/08/1177636…

" target="_blank" rel="nofollow ugc noopener">[/urhttp://www.globenewswire.com/news-release/2017/11/08/1177636…

[meichel]

Copper

[urlhttps://seekingalpha.com/article/4120890-mcewen-minings-mux-q3-2017-results-earnings-call-transcript][/url]

Zitat Mcewen zum Kupfer-Projekt:

"This is a big deposit, a big project, and we are looking for joint venture partners to build it out "

[boersentrader02]

iese Preisaussichten würden nicht nur MUX gut tuen.

ABN AMRO: Gold trotz jüngstem Absturz Ende 2018 bei 1.450 USD

Redaktion
Aus der Redaktion
27. Oktober 2017

http://www.goldinvest.de/aus-der-redaktion/1048-abn-amro-gol…

[boersentrader02]

Durch verschiedene Unwägbarkeiten hat McEwen Mining im 3. Quart.2017

einen Verlust von ca. 8,1 Mill. $ erwirtschaftet.


Nach der heutigen Veröffentlichung ist es mir und bestimmt auch vielen anderen klar warum MUX momentan eine schwierige Zeit durchmacht und der Kurs nach Süden geht.

Erholen wird er sich erst wieder wenn die Zahlen im 4. Quart. bedeutend besser werden und nur dann. M.M. Ich gehe davon aus, dass der Kurs bestimmt noch etwas weiter nach Süden gehen wird.
Der Ausblick für das Jahr 2018 soll ja wieder in normalen Zügen vonstatten gehen. Und Rob wird ebenfalls leiden so wie viele seiner Kleinaktionäre.

Zumindest hoffe ich das ?



McEwen Mining Announces Q3 2017 Operating & Financial Results
November 2, 2017
Download this Press Release PDF Format (opens in new window)

TORONTO, Nov. 02, 2017 (GLOBE NEWSWIRE) -- McEwen Mining Inc. (NYSE:MUX) (TSX:MUX) reports its consolidated financial results for the third quarter ending September 30, 2017.

During Q3 2017 the El Gallo mine had earnings from mining operations of $5.1 million(2)(4) and the San José mine had earnings from mining operations of $4.5 million(4). The Company experienced increased cost and reduced income as a consequence of an unexpected drop in production at the El Gallo mine due to an equipment failure. Our portion of income from the San José mine was also reduced on lower production. As a result, the Company reported a net loss of $8.1 million or $0.03 per share.

“During the third quarter we faced some challenges with our operations that resulted in disappointing performance. Production was approximately 17,500 gold equivalent ounces(5) in the month of October. This improved production level puts us on track for a stronger fourth quarter” said Rob McEwen, Chairman and Chief Owner.

Our quarterly management conference call will take place on November 3, 2017 at 11:00 am, EDT. Webcast and call-in details are provided at the end of this news release.


http://www.mcewenmining.com/investor-relations/press-release…

[Ramses21]

Wo hast du denn das KGV gelesen von 40? Und das Jahr 2017 ist ja bald Geschichte.

[freddy1989]

Hallo was haltet ihr vom KGV von Mc Ewen Mining?

Ich habe einen Artikel gefunden dort lag das KGV bei knapp 40 bin nicht ganz sicher aber ich glaube ab 20 KGV sind die Minen doch fair Bewertet oder....