McEwen Mining (Seite 86)

[bigyawn]

Dines refreshes his buy of McEwen Mining

2017-05-15 18:27 ET - In the News

James Dines, writing in the May 5, 2017, issue of The Dines Letter, refreshes his buy of McEwen Mining Corp. at $3.67. He first recommended the stock on Jan. 4, 2017, at $4.45. An investment of $1,000 would now be worth $826. McEwen Mining is a conservative gold pick for patient investors, says the editor, who recommends holding the stock for several years. Mr. Dines says McEwen Mining revolves around its founder, Rob McEwen, who was inducted into The Mining Hall of Fame this past January. Mr. McEwen founded Goldcorp Inc. in the 1990s, and is known for his integrity and professional competence. After stepping away from Goldcorp, Mr. Dines says Mr. McEwen created McEwen Mining. The founder owns 25 per cent of McEwen Mining shares and takes only $1 a year in salary. The gold and silver miner has $28-million in cash, no debt and no hedges, royalties or metal streams. This, Mr. Dines says, preserves the company's leverage to rising gold and silver prices. The company pays a dividend of one cent semi-annually, and it aims to increase that as the company grows. Mr. Dines says Mr. McEwen would like his company to be included in the S&P 500, but for that to happen it will need to increase its market capitalization five-fold, to $5-billion from $1-billion. "That would be worth waiting for," says the editor.

© 2017 Canjex Publishing Ltd. All rights reserved.

[boersentrader02]

Hier ist die McEwen Mining 2017 First Quarter Financial Results Conference Call vom

4 Mai 2017, Etwas verspätete aber es ist noch nicht zu spät um das trotzdem durchzulesen.

Es ist schon interessant. Insgesamt sind dies 7 Seiten.




Q1: 05-04-17 Earnings Summary

10-Q
News

EPS of $-0.01 | Revenue of $ (+ NaN% Y/Y)

McEwen Mining Inc. (NYSE:MUX)

Q1 2017 Earnings Conference Call

May 04, 2017 11:00 AM ET

Executives

Rob McEwen - Chief Owner

Andrew Elinesky - CFO

Xavier Ochoa - President

Analysts

Shao Wang - Lotus Capital Partners

John Rast - Wheelhouse Securities

Operator

Good morning, ladies and gentlemen and welcome to the McEwen Mining 2017 First Quarter Financial Results Conference Call. At this time, all participants are in a listen-only mode. Later we will conduct a question-and-answer session and instructions will follow at that time.

I would now like to turn this meeting over to Mr. Rob McEwen, Chief Owner. Please go ahead, Mr. McEwen.

Rob McEwen

Thank you, operator. Good morning fellow shareowners and interested investors. We're pleased to have you join us today. During the first quarter of this year, we invested in our future growth and achieved a number of positive developments but this investment came at a cost. I'd like to start with the good.

First, financially we continue to be in good shape, our treasury is strong at 55 million and we remain debt free. In addition, we have not encumbered our future revenue by selling metal streams, royalties or hedging. Second, the San Jose Mine increased its gold production by 16% and silver production by 7% over the comparable period in 2016.

Third, we increased exploration and assessment work as Los Azules which has significantly advanced the project and we now have much better understanding of the capital, infrastructure and permitting requirements for a production decision.

Our goal is to advance this project to a point where it is a compelling joint venture for sale. Fourth, subsequent to the quarter, we acquired a strategic property package in one of the world's most famous gold district Timmins Canada. Fifth, the Gold Bar Mine permitting process is advancing towards approval that we expect in Q4 of this year. And sixth, we have continued adding to the depth of our management team with the addition of Sylvain Guerard, as Senior Vice President, Exploration.

Now for the bad. First, our El Gallo Mine produced less gold this quarter than the comparable period in '16 and that was due to lower gold grade. Second, exploration around the El Gallo mine has not yet found additional oxide resources but additional sulfide ounces have been discovered.

Third, production costs at both mines have increased. So the good so far is outweighing the bad. And here to give you more details is our CFO, Andrew Elinesky, and he will be followed by our President, Xavier Ochoa to give greater details. Andrew?


Den Rest der Konferenz findet ihr unter diesem Link:

https://seekingalpha.com/article/4070011-mcewen-minings-mux-…

[meichel]

MUX , S&P 500

http://www.reuters.com/article/us-mcewenmining-idUSKBN1852DB

[bigyawn]

McEwen Mining produces 29,733 ounces AuEq in Q1

2017-04-18 17:12 ET - News Release

Ms. Mihaela Iancu reports

MCEWEN MINING REPORTS Q1 2017 PRODUCTION RESULTS

McEwen Mining Inc.'s consolidated production for first quarter 2017 was 20,096 gold ounces and 722,767 silver ounces, or 29,733 gold equivalent ounces (1), using a 75:1 gold-to-silver ratio.

Consolidated Production Summary

Q1 17 Q4 16 Q3 16 Q2 16 Q1 16

Gold ounces 20,096 20,337 24,281 27,888 28,975
Silver ounces 722,767 838,768 916,168 875,006 673,767
Gold Eq. ounces 29,733 31,521 36,496 39,555 37,958

Highlights

Achieved gold and silver production in-line with guidance from our two producing mines.
Strong balance sheet: No debt. $52 million(2) in cash, cash equivalents and precious metals. No sales of metal streams, royalties or hedges.
Paid our 4th semi-annual return of capital of one-half cent per common share on February 14th, 2017.

Gold Bar Project, Nevada -- Advancing Towards Construction

Permitting for the Gold Bar Project is advancing and remains on schedule to receive a Record of Decision in the third quarter of 2017. The Bureau of Land Management published the Draft Environmental Impact Statement (DEIS) in the Federal Register on March 3rd, 2017 and the 45-day public comment period is now closed for the DEIS. Comments received during the public comment period will be addressed and incorporated in the final Environmental Impact Statement.

San Jose Mine, Argentina (49%) -- Improving Production

Our attributable production from San Jose in Q1 was 10,366 gold ounces and 716,973 silver ounces, for a total of 19,925 gold equivalent ounces. Compared to the same period in 2016, silver and gold production were up 16% and 7% respectively.

El Gallo Mine, Mexico -- Grade to Increase in H2

Production in Q1 was 9,808 gold equivalent ounces, compared to 20,101 gold equivalent ounces during the same period in 2016. Production in Q1 was lower as a result of lower ore grades mined and processed during the quarter. The gold grade mined at El Gallo is projected to increase in the second half of 2017.

Financial Results

Operating costs for the quarter ended March 31, 2017 will be released with our 10-Q Quarterly Financial Statements in early May. As at March 31, 2017 we are debt-free with liquid assets of $52 million comprised of $28 million of cash, $8 million of precious metals, and $16 million of marketable securities. We have not issued equity to finance our operations since completing a rights issue in 2013, and we have preserved our leverage to higher gold and silver prices by not encumbering our assets with royalties, metal streams or hedges.

M&A - Lexam VG Gold Share Owners Accept Offer

The shareholders of Lexam VG Gold have approved, on April 12, 2017, the plan of arrangement with McEwen Mining, through which McEwen Mining would acquire all of the issued and outstanding shares of Lexam. The TSX has approved the arrangement and McEwen Mining is also applying for approval of the arrangement by the NYSE. Additionally, the transaction requires a final order of the Ontario Superior Court of Justice. A Notice of Application for the final order has been filed and is scheduled to be heard by the Court on April 19, 2017. Closing of the transaction is expected later this month, following receipt of the final court order and all regulatory approvals.

This transaction will provide McEwen Mining a strategic land holding in the important Timmins Gold district of Canada. Timmins is considered one of the major gold districts in the world. The properties being acquired host a large gold resource with a history of past production and interesting high grade gold intercepts.

Footnotes:

'Gold Equivalent Ounces' are calculated based on a 75:1 gold to silver ratio.

Figures updated as of April 17, 2017.

The San Jose Mine is 49% owned by McEwen Mining Inc. and 51% owned and operated by Hochschild Mining plc.

About McEwen Mining

McEwen Mining has the goal to qualify for inclusion in the S&P 500 Index by creating a high growth gold and silver producer focused in the Americas. McEwen Mining's principal assets consist of the San Jose Mine in Santa Cruz, Argentina (49% interest), the El Gallo Mine and El Gallo Silver project in Sinaloa, Mexico, the Gold Bar project in Nevada, USA, and the Los Azules copper project in San Juan, Argentina.

McEwen Mining has a total of 300 million shares outstanding. Rob McEwen, Chairman and Chief Owner, owns 25% of the Company.

Technical Information

The technical contents of this news release has been reviewed and approved by Nathan M. Stubina , Ph.D., P.Eng., FCIM, Managing Director and a Qualified Person as defined by Canadian Securities Administrators National Instrument 43-101 "Standards of Disclosure for Mineral Projects".

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.

We seek Safe Harbor.

© 2017 Canjex Publishing Ltd. All rights reserved.

[bigyawn]

McEwen Mining appoints Guerard as exploration SVP

2017-04-17 17:02 ET - News Release

Mr. Rob McEwen reports

MCEWEN MINING APPOINTS SYLVAIN GUERARD AS SENIOR VICE PRESIDENT EXPLORATION

McEwen Mining Inc. has appointed Sylvain Guerard as senior vice-president, exploration.

Mr. Guerard has over 25 years of experience in mineral exploration across four continents. The scope of his work has been wide ranging -- from generative to advanced-stage exploration. Prior to joining McEwen Mining, he spent seven years at Kinross, most recently serving as its senior vice-president, exploration, with responsibility for worldwide development and implementation of exploration strategy. Before Kinross, Mr. Guerard worked in exploration at Barrick for eight years, Inmet for six years and at two other firms.

"At McEwen Mining, we consider exploration essential R&D [research and development]. We believe that the discovery of new deposits or the reinvention of existing ones is the best method of creating value for our share owners. While I ran Goldcorp, the discovery and subsequent development of the high-grade zone at the Red Lake mine in Canada propelled the company's share price higher at a rate of 31 per cent compounded annually for 11 years. While that experience is an extreme example, it did make me a strong believer in the power of innovation and perseverance in the field of exploration. Sylvain is a global exploration expert whose experience will accelerate the drive to our S&P 500 goal," stated Rob McEwen, chief owner of McEwen Mining.

About McEwen Mining Inc.

McEwen Mining has the goal to qualify for inclusion in the S&P 500 Index by creating a high-growth gold and silver producer focused in the Americas. McEwen Mining's principal assets consist of the San Jose mine in Santa Cruz, Argentina (49-per-cent interest); the El Gallo mine and El Gallo silver project in Sinaloa, Mexico; the Gold Bar project in Nevada, United States; and the Los Azules copper project in San Juan, Argentina.

We seek Safe Harbor.

[Volatiler]

http://www.mining.com/gold-bull-mcewen-says-price-rally-has-…

[freddy1989]

Hallo Leute ich habe eben gerade diese Zahlen von Mcewen Mining gefunden ist ein KGV von 45 nicht sehr hoch? ich meine für einen Goldproduzenten oder seht ihr noch Luft nach oben.

Eröffnung 3,20
Marktkap.
955,48 Mio.
KGV
45,91

[krystallos]

Antwort auf Beitrag Nr.: 54.671.867 von meichel am 04.04.17 12:02:44

Offene zum kauf verfügbare MUX Aktien werden dazu hergenommen und getauscht 1000 Lex zu 56 Mux Stück.

[meichel]

Lexam - Mcewen

Wer kann mir denn sagen, woher die Aktien kommen, die die früheren Lexam-Aktionäre eintauschen können ?

[boersentrader02]

Das ist der Hemmschuh mit dem Mc Ewen Mining sich momentan herumschlagen muss.

Das hemmt einfach den Kurs, erst wenn das wieder abgeschlossen ist und Lexam in die MUX übergegangen ist wird der <kurs wieder steigen.

Warte den 12 . April 2017 ab. Nach meiner Einschätzung wird sich der Kurs dann wieder erholen.


31.03.2017 | 00:25
(7 Leser)

Independent Proxy Advisory Firms Recommend Lexam Shareholders to Approve Plan of Arrangement With McEwen Mining
TORONTO, ONTARIO -- (Marketwired) -- 03/30/17 --

Lexam VG Gold Inc. ("Lexam", the "Company") (TSX: LEX)(FRANKFURT: VN3A)(OTCQX: LEXVF) announces that Institutional Shareholder Services Inc. ("ISS") and Glass, Lewis & Co. ("Glass Lewis"), leading independent proxy advisory firms, have each recommended that for the Special Meeting to be held on April 12, 2017 Lexam shareholders vote FOR the proposed transaction under which McEwen Mining Inc. ("McEwen Mining") can acquire all Lexam securities by way of Plan of Arrangement.

Information for the Special Meeting is available on our website at www.lexamvggold.com.

Lexam Shareholders, Here Is How You Can Vote:http://www.lexamvggold.com/pdfs/Voting_Instructions.pdf" target="_blank" rel="nofollow ugc noopener"> http://www.lexamvggold.com/pdfs/Voting_Instructions.pdf

For assistance with voting, please contact our proxy solicitation agent, Laurel Hill Advisory Group: North American Toll-Free: 1-877-452-7184, International Collect: 416-304-0211, [e-mail]

ISS and Glass Lewis Recommendations

ISS and Glass Lewis are independent proxy advisory firms which provide proxy voting recommendations to pension and mutual funds, investment managers and other institutional investors based on a careful review of disclosure materials.

In making its recommendation on the proposed transaction for Lexam and McEwen Mining, ISS advises:

"The proposed arrangement makes strategic sense given the adequate implied premium and the Company's limited financial position. Company shareholders will be able to continue to participate in the future growth opportunities by receiving shares of McEwen Mining which has a larger market capitalization and is a better established market player. Specifically, the acquirer's financial resources are expected to provide funding for development and construction of the Company's Timmins properties. Moreover, exposure to the acquirer's portfolio of producing and development assets would provide a better diversification to the Company's shareholders."

"Vote FOR this resolution based on the review of the terms of the transaction and, in particular, the adequate implied consideration premium, the ongoing concern risk facing the Company and the reasonable strategic rationale."

Glass Lewis also advises with respect to the proposed transaction:

"For Lexam, the proposed merger will enable it to gain access to McEwen Mining's technical and financial resources, which could help to accelerate the advancement of Lexam's mining projects to the production stage. The proposed merger should enable Lexam to benefit from the improved capital position of the combined company and eliminate some of the potential investor uncertainty regarding how Lexam would otherwise fund the development of its projects on a standalone basis. Further, by receiving stock consideration, Lexam shareholders will be able to participate in the potential future upside of a larger and more diversified mining firm."

"Based on these factors, the unanimous support of the Company's unaffiliated directors, and absent a superior competing offer, we believe that the proposed merger warrants shareholder support at this time. Accordingly, we recommend that shareholders vote FOR this proposal."

The full text of the resolution and the meeting materials have been mailed to Shareholders of record date March 9, 2017, together with all related voting materials. Information about the transaction is available in the press release dated February 13, 2017, at www.lexamvggold.com/news.php.

Contacts:
Lexam Office Contact
Toll Free: 1-866-441-0690

Questions about the information in the Circular:
Andrew Iaboni
Chief Financial Officer
647-258-0395 ext. 290

Questions and support:
Mihaela Iancu
Director, Corporate Administration
647-258-0395 ext. 320
[e-mail]