McEwen Mining (Seite 99)

[bigyawn]

McEwen produces 37,958 oz AuEq in Q1, ups 2016 guidance

2016-04-19 16:45 ET - News Release

Ms. Mihaela Iancu reports

MCEWEN MINING REPORTS Q1 PRODUCTION RESULTS, ROYALTY ACQUISITION

McEwen Mining Inc. has released production highlights of the first quarter of 2016 and has acquired one royalty on the El Gallo mine.

Highlights:

Total production in the first quarter was 37,958 gold equivalent ounces (calculated based on a 75:1 silver-to-gold ratio), a 14-per-cent increase over the first quarter of 2015;
Increased production guidance for 2016 to 144,000 gold equivalent ounces;
Acquired the net smelter return royalty on the company's El Gallo mine and El Gallo silver deposit;
Strong balance sheet -- $43-million (updated as of April 18, 2016, includes cash, cash equivalents and previous metals at market, net of royalty and property acquisionts mentioned herein) in liquid assets and no debt.

El Gallo mine, Mexico, a record quarter

In the first quarter, the mine produced 20,101 gold equivalent ounces, compared with 15,391 gold equivalent ounces during same period in 2015. Production in the first quarter set a new quarterly record as a result of processing higher-grade ore stockpiled in the previous quarter. Production in subsequent quarters is expected to be lower as the influence of higher-grade ore diminishes during the year. Full-year guidance for El Gallo in 2016 is now increased to 55,000 gold equivalent ounces. The 2016 exploration budget for Mexico is $4-million.

Today, the company acquired the existing tiered NSR royalty on the El Gallo mine, currently paying 3.5 per cent of gross revenue, less allowable deductions. The purchase price consisted of a $5.25-million payment on closing and a conditional deferred payment of $1-million to be made on June 30, 2018. The royalty ceased being payable at the end of February, 2016. This transaction will enhance the future profitability of the El Gallo mine, and removes a royalty burden on existing and potentially new deposits inside the royalty's area of influence, including the El Gallo silver deposit.

San Jose mine, Argentina (owned by Minera Santa Cruz SA, which is a joint venture 49 per cent owned by McEwen Mining, and 51 per cent owned and operated by Hochschild Mining PLC)

The company's attributable production from San Jose in the first quarter was 8,960 gold ounces and 667,319 silver ounces, for a total of 17,857 gold equivalent ounces. Compared with the first quarter of 2015, gold and silver production was down 5 per cent and up 4 per cent, respectively. First quarter production is typically lower than other quarters due to mill shutdown and maintenance over the holidays.

Full-year production guidance for San Jose in 2016 is 45,000 gold ounces and 3.3 million silver ounces, for a total of 89,000 gold equivalent ounces attributable to the company. The 2016 exploration budget is $4.5-million.

Nevada exploration

Exploration drilling is planned to begin on the newly acquired Afgan-Kobeh property in mid-May. The primary objective of this drilling is to expand the size of the existing resource.

Financial results

Operating costs for the quarter ended March 31, 2016, will be released with the company's quarterly financial statements in early May.

Reliability of information regarding the San Jose mine

Minera Santa Cruz, 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, 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 Dr. 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.

© 2016 Canjex Publishing Ltd. All rights reserved.

[boersentrader02]

Wenn DAS die Hedge-Brüder ausgelöst haben, kann es mir nur rexht sein.

Stock in Queue: McEwen Mining Inc (NYSE:MUX)
By Robin Evans -
April 19, 2016

Share of McEwen Mining Inc (NYSE:MUX) traded on above secure line at 12:16 PM EDT in order to take the company at the price of $2.46. At the time of writing, the stock exchanged hands 2.08 million shares, versus average trading capacity of 2.18 million shares, yielding a market cap of 672.19 million.

Taking a glance at where the stock might be directed in the future, on a consensus basis, the sell-side has a one year price target of $2.40 on the stock, this valuation is based on 1 number of opinions. This consensus target price comprises projections from analysts polled by First Call.

In order to get a glimpse of Wall Street sentiment, we can look to brokerage analyst estimates. On a one to five ratings scale where 1 refers to a Strong Buy, 2 directs a Buy, 3 a Hold, 4 indicates a Sell and 5 a Strong Sell.

McEwen Mining Inc (NYSE:MUX) currently has an average brokerage recommendation of 1.00 according to analysts. This is the average number based on the total brokerage firms taken into consideration by Zacks investment research.


http://www.thepointreview.com/stock-in-queue-mcewen-mining-i…

[boersentrader02]

Jezuz müssen wir aber bei Mux aufpassen. Die ersten Hedge Funds sind an Mux jetzt interessiert

Denn wo es einen Anfang gibt kann auch das Ende schnell kommen wenn sie, die Hedge Funds, wieder zu den Abgebern gehören werden.


Smith Affiliated Capital Corp. buys $114,344 stake in McEwen Mining Inc (MUX)
Peter Meyer April 18, 2016

McEwen Mining Inc (MUX) : Smith Affiliated Capital Corp. scooped up 4,830 additional shares in McEwen Mining Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 12, 2016. The investment management firm now holds a total of 48,657 shares of McEwen Mining Inc which is valued at $114,344.McEwen Mining Inc makes up approximately 0.07% of Smith Affiliated Capital Corp.’s portfolio.

McEwen Mining Inc opened for trading at $2.31 and hit $2.42 on the upside on Friday, eventually ending the session at $2.35, with a gain of 2.62% or 0.06 points. The heightened volatility saw the trading volume jump to 18,01,235 shares. Company has a market cap of $651 M.

Other Hedge Funds, Including , Rathbone Brothers Plc added MUX to its portfolio by purchasing 20,000 company shares during the most recent quarter which is valued at $49,000.Creative Planning reduced its stake in MUX by selling 7,000 shares or 86.96% in the most recent quarter. The Hedge Fund company now holds 1,050 shares of MUX which is valued at $2,573.

McEwen Mining Inc. is a mining and minerals exploration company. The Company is focused on precious and base metals in Argentina Mexico and the United States. Its operating segments include Argentina Mexico and the United States. It has a land position consisting of mining claims leases of mining claims or concessions of around 814 square miles in Argentina 697 square miles in Mexico and 241 square miles in Nevada.

It holds around 49% interest in Minera Santa Cruz S.A. (MSC) owner and operator of the producing San Jose mine in Santa Cruz Argentina which is controlled by the majority owner of the joint venture Hochschild Mining plc (Hochschild). It also owns the El Gallo 1 gold mine in Sinaloa Mexico. In addition to its operating properties it also holds interests in numerous exploration stage properties and projects in Argentina Mexico and the United States including the Gold Bar (Gold Bar) and Los Azules (Los Azules) projects.
About The Author
Peter Meyer

http://www.themarketdigest.org/201604/smith-affiliated-capit…

[boersentrader02]

So schnell kommt es dazu, dass die Schreiber ihre Meinung einfachn ändern.

McEwen Mining Inc. (NYSE:MUX) Updated Broker Ratings

A number of investment brokers have recently updated their price targets on shares of McEwen Mining Inc. (NYSE:MUX). According to the latest broker reports outstanding on Tuesday 12th of April, 0 analysts have a rating of “strong buy”, 1 analysts “buy”, 0 analysts “neutral”, 0 analysts “sell” and 0 analysts “strong sell”.

Most recent broker ratings
06/29/2015 – H.C. Wainwright began new coverage on McEwen Mining Inc. giving the company a “buy” rating. They now have a USD 1.3 price target on the stock.

03/27/2014 – McEwen Mining Inc. was downgraded to “sell” by analysts at TheStreet.

The share price of McEwen Mining Inc. (NYSE:MUX) was up +6.52% during the last day of trading, with a day high of 2.51. 3458027 shares were traded during the last session.

The stock’s 50 day moving average is 1.92 and its 200 day moving average is 1.27. The stock’s market capitalization is 736.30M. McEwen Mining Inc. has a 52-week low of 0.65 and a 52-week high of 2.51.

McEwen Mining Inc. is a mining and minerals exploration company. The Company is focused on precious and base metals in Argentina, Mexico and the United States. Its operating segments include Argentina, Mexico and the United States. It has a land position consisting of mining claims, leases of mining claims or concessions of around 814 square miles in Argentina, 697 square miles in Mexico and 241 square miles in Nevada.

It holds around 49% interest in Minera Santa Cruz S.A. (MSC), owner and operator of the producing San Jose mine in Santa Cruz, Argentina, which is controlled by the majority owner of the joint venture, Hochschild Mining plc (Hochschild). It also owns the El Gallo 1 gold mine in Sinaloa, Mexico. In addition to its operating properties, it also holds interests in numerous exploration stage properties and projects in Argentina, Mexico and the United States, including the Gold Bar (Gold Bar) and Los Azules (Los Azules) projects.

View other investors thoughts on McEwen Mining Inc. with our new Stock Talk discussion platform. Sign up for free to contribute to the community and view research provided from other investors for any stock listed on the LSE, NYSE or NASDAQ.


http://www.risersandfallers.com/2016/04/12/mcewen-mining-inc…

[bigyawn]

FP says MacNicol is keen on McEwen Mining

2016-03-30 08:17 ET - In the News

The Financial Post reports in its Wednesday, March 30, edition that MacNicol & Associates Asset Management manager David MacNicol has about $200-million in assets under management, as well as another $200-million in assets under advisory. The Post's Jonathan Ratner writes in the Buy & Sell column that Mr. MacNicol says, "If there is some kind of crisis in the future, we think gold will be the beneficiary." He believes gold will climb above $2,000 per ounce in 2016. In addition to providing clients with exposure to physical gold stored at Scotia-Mocatta, Mr. MacNicol also likes gold royalty companies and select junior miners. One of those names is McEwen Mining, which he estimates has a fair market value 85 per cent higher than where it is currently trading. With chief executive Robert McEwan taking no salary or cash bonuses, and his only compensation coming from a 25-per-cent equity ownership, Mr. MacNicol says Mr. McEwan is "perfectly aligned with shareholders." The company has three mines, plus another one coming on shortly, and operates in regions that Mr. MacNicol is comfortable with. He says, "This could be a potential takeout ... but it would have to be at the right price."

© 2016 Canjex Publishing Ltd. All rights reserved.

[cervical]

http://www.thestreet.com/story/13507535/8/10-glittering-gold…

[boersentrader02]

Antwort auf Beitrag Nr.: 51.999.794 von Antarius am 17.03.16 09:53:23

Jawohl, mir macht es Angst wenn deine 5 Mill. Muslime, wie von dir gewünscht, auch noch nach Deutschland kommen sollen.

Andere europäische Staaten sind doch kaum bereit Migranten aufzunehmen. Von dem bereits hier in Europa angekommen Migranten, sollten doch 160000 Menschen verteilt werden, oder ?

Und wieviel sind bereits auf die Länder verteilt: Ich glaube es sind noch keine 1000 Menschen.
Alle anderen befinden sich noch entweder in Schweden, Österreich oder eben in Deutschland.

Wenn du der Doku genau zugehört hast, wird es in ca. 50 Jahren halt doch nur noch das große russische Reich und eben das Kalifat des Islams geben. Und da zwischen wird Europa liegen und zerdrückt werden.

Ist das dein Ziel ? Dann unterstelle ich, das du vielleicht auch ein Migrant bist und das befürwortest, oder ?

Ich bin auf jeden Fall gegen eine Islamisierung von Deutschland und Europa.

Warum will die USA die europäische Landschaft destabilisieren ? Dieser Flüchtlingstreck ist das Werk von Obama, dem Friedens-Nobellpreisträger und gleichzeitig, ein noch größerer Kriegshetzer mit seinen derzeitigen Beratern, als es vor Jahren George W. Bush war.

Nach deiner Meinung können wohl alle über 60 Mill Flüchtlinge nach D kommen, oder ? Nur dann wirst du sehen , was aus unserem bisherigen schönen Deutschland werden wird.


Aber warte nur das jetzt laufende Treffen, aller europäischen Staatsmänner mit dem türkischen Ministerpräsidenten, ab. Ich setze jedenfalls voll auf Österreich und seinen Mitstreitern das es zu diesem dreckigen Deal nicht kommen wird. Das erhoffe ich für meine Kinder und vielleicht auch noch auf die zuerwartenden Enkelkinder.

Bisher sind nur 6 Staaten bereit die angestrebten Flüchtlingskontingente der BK Merkel zu befürworten allerdings sind noch 22 Staaten dagegen.

Und daher setze ich voll auf meine Edelmetall-Aktien und meine physischen Edelmetalle, die ich im Laufe der Jahre halt gesammelt habe.

Warten wir es ab, wie es am Ende des morgigen Freitags aussehen wird.

[Antarius]

Antwort auf Beitrag Nr.: 51.995.096 von boersentrader02 am 16.03.16 18:06:33

@boersentrader02:

"Sollte dann noch der Goldkurs mitziehen, gibt es kein halten mehr. Vielleicht passiert das noch diese Woche wenn die Flüchtlingsituation der "Mama Merkel" um die Ohren fliegen wird. Warten wir ab, was sich am Donnerstag in den Verhandlungen, die Route wird nicht mehr geöffnet. mit der Türkei ergeben wird.

Die Route ist zu und da kann diese "IM Merkel" reden was sie will. Die Route wird nicht mehr geöffnet. und das ist gut so, zumindest für die deutschen Bürger."

Gelegentlich frage ich mich, was Du eine politische Haltung Du eigentlich da offenbarst !?

Neulich traf ich einen Kunden, der mir erzählte, er hätte 63 Tsd € an der Börse "verloren" (nicht realisierter Kursverfalls seiner Pensionsfonds ...) Zitat: "weil der DAX gefallen ist" und Zitat: "Schuld daran (am DAX- Verfall) seinen "die Flüchtlinge".
Ach, wie schön doch die einfache Erklärungen sind, nicht wahr? (dabei ist der Mann sogar "gebildet" mit seinen 80 Jahren) Der Blick nach China reicht da nicht mehr hin ...

Gut, daß man immer einen Sündenbock findet (daher ja auch die Bedeutung des Wortes), früher waren es die Juden ... zwischendurch die ... jetzt die "Flüchtlinge".

Ich hoffe nur, daß mindestens noch weitere 5 Millionen Flüchtlinge sich auf den Weg machen, damit UNSERE Lebenshaltung* uns bald mal um die Ohren fliegt!
(* Hauptsache die Hähnchenkeulen sind weiterhin preiswert (und den Rest - der Hühner - wird nach Afrika verramscht), die Bananen ... der Kaffee ... die T-Shirts ... und die Kassen der Rüstungskonzerne klingen kräftig ...)

Was für eine zutiefst perverse Gesellschaft!

"Die Flüchtlinge" , das ist "die Wiederkehr des Verdrängten!"

und falls Du mein Posting von neulich diesbezüglich nicht gelesen haben solltest oder absichtlich weg geschaut hast,
hier noch einmal extra für Dich:
"Antarius
schrieb am 01.02.16 10:58:51
Beitrag Nr. 891 (51.625.519)
Antwort auf Beitrag Nr.: 51.624.670 von meichel am 01.02.16 09:24:04@meichel:
.... ansonsten, hoffentlich .... kapieren möglichst viele "Mitglieder dieses Systems" noch was ...
dazu (Beitrag kam gestern auf ttt- titel thesen tempramente), UNBEDINGT SEHENSWERT, nur 6 min 22:
http://www.ardmediathek.de/tv/ttt-titel-thesen-temperamente/…
Warum es um viel mehr geht als um Obergrenzen
31.01.2016 | 06:22 Min. | UT | Verfügbar bis 31.01.2017 | Quelle: Das Erste
Die Flüchtlingskrise: Europa ist zerstritten. In Frankreich, Ungarn oder Polen feiern Rechtspopulisten Wahlerfolge. Und in Deutschland? Die Parteien diskutieren über Obergrenzen. Sind die aber wirklich die Lösung?
Gruß"

[boersentrader02]

Guten Morgen und Guten Tag, meine Damen und Herren und willkommen in der McEwen Mining . . . . .

. . . . 2015 Q4 Jahresende Finanzergebnisse Telefonkonferenz.


Es wird bestimmt nicht mehr lange dauern bis sich diese Kostenminderung auch im Kurs von McEwen Mining niederschlagen wird.

Sollte dann noch der Goldkurs mitziehen, gibt es kein halten mehr. Vielleicht passiert das noch diese Woche wenn die Flüchtlingsituation der "Mama Merkel" um die Ohren fliegen wird. Warten wir ab, was sich am Donnerstag in den Verhandlunge, die Route wird nicht mehr geöffnet. mit der Türkei ergeben wird.

Die Route ist zu und da kann diese "IM Merkel" reden was sie will. Die Route wird nicht mehr geöffnet. und das ist gut so, zumindest für die deutschen Bürger.


McEwen Mining's (MUX) CEO Robert McEwen On Q4 2015 Results - Earnings Call Transcript

Mar. 14, 2016 6:40 PM ET
|
McEwen Mining Inc. (NYSE:MUX)

Q4 2015 Earnings Conference Call

March 14, 2016 11:00 A.M. ET

Executives

Robert McEwen - Executive Chairman, Director, and Chief Owner

Colin Sutherland - President

Andrew Elinesky - CFO

Analysts

Heiko Ihle - H.C. Wainwright & Co.
Presentation

Operator

Good morning and good afternoon, ladies and gentlemen and welcome to the McEwen Mining 2015 Q4 Year-End Financial Results Conference Call. I would now like to turn the meeting over to Mr. Rob McEwen, Chief Owner. Please go ahead, Mr. McEwen.

Robert McEwen

Thank you operator. Good morning, fellow shareowners, ladies and gentlemen. Thank you for joining us today. With me on the call are Colin Sutherland, our President and Andrew Elinesky, our Senior Vice President and CFO. We’re going to cover off the highlights for 2015 and then go into what we’re forecasting for this year after which we’ll open the line for Q&A.

I’d like to start off by saying that 2015 was a very good year for us from an operational standpoint and near the end of the year our share price started improving and it’s continued on into this year. And I would like at this point to turn the call over to Andrew to talk about the highlights of 2015.

Andrew Elinesky

Thank you Rob. Good morning everyone. Overall we had another excellent quarter which turned our fiscal year which was primarily driven by the continued strong production in Mexico at both at low cash and all-in sustaining costs, which allowed us to maintain a solid working capital and treasury balances. Our consolidated gold equivalent production for the year was up 22% to a record 154,000 ounces compared to just under 127,000 ounces for 2014. As a result our earnings from mine operations increased significantly to $53 million compared to $25.5 million for 2014.

The strong performance despite a weaker metal environment during the year is reflected in our improved treasury as we ended the year with cash, cash equivalents, and gold of $32 million compared to $36 million at the end of the third quarter, but compared to $18 million at the beginning of 2015. From a cost perspective our performance has continued to be strong.

We reported a consolidated gold equivalent cash cost of just under $685 an ounce which is $200 less than the prior year. And all-in sustaining cost of $962 an ounce which is $340 less than the prior year. This was driven by the exceptional performance of our El Gallo 1 mine where we produced over 63,000 ounces of gold at cash cost of $440 an ounce and all-in sustaining cost of $580 an ounce.

In 2014 the mine production at El Gallo 1 was 38,000 ounces at cash cost of $876 and all-in cost of $1,196. That was the fourth quarter of the consecutive quarter of strong production and significantly low cost as a result of the operating improvements, the increased grade profile combined with some cost input savings as well as a weaker Mexican Peso compared to the U.S. dollar.

In Argentina at the San Jose mine despite difficult operator conditions, our partners have been able to reduce the cash cost to $865 per ounce when compared to 2014. They were able to decrease the all-in sustaining cost by just over $100 to $1,111 per ounce versus 2014.



Die weiteren Informationen von dieser Telefonkonferenz findet ihr hier auf den Seiten1 + 2 bis 7.


http://seekingalpha.com/article/3958367-mcewen-minings-mux-c…

[meichel]

http://www.managerseminare.de/ms_Artikel/Wirtschaftsprinzip-…