McEwen Mining - Die letzten 30 Beiträge
neuester Beitrag 21.11.15 13:58:45 von
Wenn der Holdpreis nicht steigt wird sich das leider auf dem Kurs auch nicht auswirken. Der Lirs bleibt einfach unten. Sollte der Goldpreis aber steigen, zumal nach dem Pariser Anschlag, der Westen sich bestimmt zu einem Einsatz von Bodentruppen gegen den IS entscheiden wird, könnte etwas diesbezügliches passieren. Wie gesagt: Könnte.
McEwen Mining major shareholder 2190303 Ontario Inc. Acquires 132,446 Shares (MUX)
Posted on November 20, 2015 by Robert Jamerson in Insider Trades, Investing
McEwen Mining logoMcEwen Mining (NYSE:MUX) major shareholder 2190303 Ontario Inc. acquired 132,446 shares of McEwen Mining stock in a transaction that occurred on Wednesday, November 18th. The stock was acquired at an average price of $0.85 per share, with a total value of $112,579.10. Following the completion of the purchase, the insider now directly owns 74,932,916 shares in the company, valued at approximately $63,692,978.60. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.
2190303 Ontario Inc. also recently made the following trade(s):
On Friday, November 13th, 2190303 Ontario Inc. bought 186,258 shares of McEwen Mining stock. The stock was acquired at an average price of $0.85 per share, for a total transaction of $158,319.30.
Separately, Zacks Investment Research upgraded shares of McEwen Mining from a “sell” rating to a “hold” rating in a research report on Monday.
McEwen Mining (NYSE:MUX) opened at 0.875 on Friday. McEwen Mining has a 52-week low of $0.65 and a 52-week high of $1.63. The stock’s market cap is $262.96 million. The firm has a 50 day moving average of $0.91 and a 200-day moving average of $0.90.
Ob es so kommt weiß keiner .
Der eingeschlagene Weg der Firma ist gut und solange der Goldpreis selbst nicht nach oben will kommt auch hier kaum schwung in diesen Kurs. Jedoch wenn der Goldpreis nach oben dreht - nachdem er eine sehr wichtige Marke weiter unten testet - dann geht hier über früher oder später mächtig die Post ab, davon bin ich fest überzeugt. Die Firma sucht momentan seinesgleichen im Goldsektor!!!
Was ist nur los mit der Aktie ?
McEwen Mining Inc. (NYSE:MUX) Short Interest Update
McEwen Mining Inc. (NYSE:MUX), According to the latest information the short interest in McEwen Mining Inc. plummeted by 1.5% or 290,269 shares. The final shorts are 8.5% of the total floated shares. The positions dropped from 19,379,974 shares on October 15,2015 to 19,089,705 on October 30,2015. According to the per-day average trading of 628,449 shares, the days to cover are 30. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on November 10th.
McEwen Mining Inc. (NYSE:MUX) witnessed a decline in the market cap on Tuesday as its shares dropped 0.6% or 0.005 points. After the session commenced at $0.84, the stock reached the higher end at $0.849 while it hit a low of $0.803. With the volume soaring to 528,075 shares, the last trade was called at $0.825. The company has a 52-week high of $1.7. The company has a market cap of $227 million and there are 274,654,010 shares in outstanding. The 52-week low of the share price is $0.65.
McEwen Mining Inc. has lost 5.17% in the last five trading days and dropped 14.06% in the last 4 weeks. McEwen Mining Inc. has dropped 13.16% during the last 3-month period . Year-to-Date the stock performance stands at -25.18%.
Currently the company Insiders own 25.9% of McEwen Mining Inc. shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by 0.14% . Institutional Investors own 21.39% of McEwen Mining Inc. shares. During last six month period, the net percent change held by insiders has seen a change of 0.17%. On a different note,
The Company has disclosed insider buying and selling activities to the Securities Exchange, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the CEO of Mcewen Mining Inc., Mcewen Robert Ross, had purchased 108,140 shares in a transaction dated on September 16, 2015. The transaction was executed at $0.91 per share with total amount equaling $98,407.
McEwen Mining Q3 2015 Operating & Financial Results
Download this Press Release (PDF 1.37 MB)
TORONTO, Nov. 5, 2015 (GLOBE NEWSWIRE) -- McEwen Mining Inc. (NYSE:MUX) (TSX:MUX) is pleased to report record quarterly production of 43,390 gold equivalent ounces(1) and earnings from mining operations of $13.4 million(2)(4) for the three months ended Sept. 30th, 2015. The El Gallo Mine in Mexico was the star performer in the quarter, producing at total cash costs and all-in sustaining costs (AISC) per gold equivalent ounce of $454 and $570, respectively.
Net cash flow generated in the quarter was $8.5 million. At Sept. 30th, the Company had cash, cash equivalents and precious metals of approximately $36 million.
The table below provides production and cost results for the three and nine months ended Sept. 30th, 2015, comparative results for Q3 2014, and our production and cost guidance for 2015.
Rohstoff-Welt.de·Mehr Nachrichten von Rohstoff-Welt.de
McEwen Mining meldet Rekordproduktion im dritten Quartal!
Wie McEwen Mining Inc. heute bekannt gab, konnte die Produktion des Unternehmens sowohl im dritten Quartal als auch in den ersten neun Monaten des Jahres neue Rekorde verzeichnen.
Im Septemberquartal belief sich der Ausstoß auf 43.390 Unzen Goldäquivalent, was im Vergleich zum Vorjahresquartal einen Anstieg um 54% darstellt. In den ersten neun Monaten des Jahres erreichte die Produktion insgesamt 115.988 Unzen Goldäquivalent, ein Plus von 34% verglichen mit dem gleichen Zeitraum des Vorjahres.
Im Jahr 2015 rechnet das Unternehmen mit einer Gesamtproduktion von 150.000 Unzen Goldäquivalent.
© Redaktion GoldSeiten.de / Rohstoff-Welt.de / MinenPortal.de
Er sinkt. ist so etwas zu fassen ? Aber lest selber die News:
Mcewen Mining (MUX) Announces Record Total Production for Q3
October 27, 2015 6:37 AM EDT
Mcewen Mining (NYSE: MUX) announced record total production for the third quarter, and the first nine months of 2015, of 43,390 and 115,988 gold equivalent ounces(1) respectively. The star performer during the quarter was the El Gallo Mine.
Total Q3 2015 production was of 43,390 gold equivalent ounces(1), an increase of 54% over Q3 2014.
For the first nine months of 2015, total production was 115,988 gold equivalent ounces, an increase of 34% over the same period in 2014.
Total production for the year is expected to be 150,000 gold equivalent ounces.
Q3 2015 represents the fourth consecutive quarter of record production at the El Gallo Mine with a total of 19,558 gold equivalent ounces.
El Gallo Mine now forecast to produce 62,000 gold equivalent ounces in 2015.
An diesem Unternehmen ist aber auch Rob Ewen mit 8,7 % beteiligt. Für mich heißt das Rob hat einen seiner Jünger einen toften Job beschafft.
Sollte vielleicht Golden Bar in Produktion kommen und die Werte sich weiter vernessern, könnte sich abitibieiyalties bestimmt mit einer 1 bis 1 1/2 % Royaltygebühr einkaufen. Wie gesagt vielleicht.
Hier ist er jetzt zumindest President und Ceo geworden.
Das Unternehmen heißt:
October 21, 2015 6:41am Comments
TORONTO, Oct. 21, 2015 (GLOBE NEWSWIRE) -- McEwen Mining Inc.
(TSX:MUX) ("McEwen Mining" or the "Company") is pleased to announce results of a Feasibility Study (FS) for its 100% owned Gold Bar Project in Nevada. The key outcomes of the study include: Low initial capital of $60 million; Attractive IRR of 20% at current gold price; Average annual gold production of 65,000 oz; and Estimated average cash cost of $728/oz. The FS was prepared by SRK Consulting Inc. (SRK) of Reno, Nevada in accordance with the requirements of Canadian National Instrument 43-101 "Standards of Disclosure for Mineral Projects" ("NI 43-101").
"Completion of this Feasibility Study is an important milestone. I believe Gold Bar will be the next mine we put into production. It includes the fundamental elements we consider important to investors when building a mine: Low capital and operating costs, and a reasonable rate of return in the current price environment. We can now move ahead with a high degree of confidence in the capital estimate and projected operating performance," said Rob McEwen, Chairman and Chief Owner.
Read more: http://www.benzinga.com/pressreleases/15/10/g5930972/mcewen-mining-announces-positive-feasibility-study-for-gold-bar-project#ixzz3pF3npvpc
Oct. 14, 2015 11:06 PM ET | 2 comments | About: McEwen Mining Inc. (MUX)
McEwen Mining has underperformed its peers considerably over the past few years.
This could soon change, as McEwen appears to have gotten its cash costs under control and has improved its balance sheet.
The company also announced a share buyback program recently, which is a surprising, yet wise, move.
I feel gold bulls should consider buying McEwen here.
(click to enlarge)
Shares of McEwen Mining (NYSE:MUX) have fallen 44.27% year to date, trailing the benchmark gold miners index (NYSEARCA:GDX). However, the stock is up 23% over the past month, and may outperform the index going forward. (Credit: Yahoo Finance)
Recent Stock Price: $.9975
Shares Outstanding: 274.25 million
Market Cap: $300.65 million
52-Week Range: $.65-1.84
McEwen Mining is a junior gold miner that is on the verge of a turnaround.
While it has underperformed the GDX this year and for most of the past few years, the company appears to have turned a corner recently, as it announced solid Q2 financial results and also increased its production guidance for 2015.
First, I'll give a summary of McEwen's assets, an overview of financial and production results, and then why I feel the shares look like a good buy here.
McEwen Mining Overview
McEwen owns and operates two producing mines: the 49%-owned San Jose gold and silver mine in the Santa Cruz province of Argentina and the 100%-owned El Gallo mine in Sinaloa State, Mexico.
San Jose produced 94,161 gold ounces and 6.5 million silver ounces in 2014 (180,000 gold equivalent ounces estimated for 2015), while the El Gallo mine produced 38,212 ounces of gold and 25,912 ounces of silver (62,000 gold ounces estimated for 2015).
However, the company also owns several exciting development projects, including the 100%-owned El Gallo 2 silver project, which would produce 5 million ounces of the metal annually, the 100%-owned gold bar project in Nevada, which would produce 50,000 ounces of gold annually, and the 100%-owned Los Azules copper project in Argentina, which contains 19.7 billion pounds of copper.
Readers should also know that McEwen's CEO owns 25% of the company and takes zero salary or bonuses, which aligns his interests with shareholders.
Why Have Shares Underperformed?
McEwen shares have not outperformed the GDX over the past year, as mentioned above. This can be blamed mostly on falling gold and silver prices, which has hurt nearly every gold and silver miner on the planet.
However, I believe McEwen's losses were larger than other companies due to the company's small size and higher cash costs at its San Jose Mine.
As writer Hebba Investments pointed out in his March 30 article, McEwen was one of the highest-cost producers in 2014, with the company's core non-tax costs (costs excluding taxes) at $1441 per gold-equivalent ounce.
(Credit: McEwen Mining Corporate Presentation)
However, the company has staged a major turnaround so far in 2015. In the first two quarters, McEwen generated positive cash flow from operations due to lower cash costs.
In Q1 2015, McEwen reported all-in sustaining costs of $948 per ounce, a major improvement over the $1,100 figure reported a year earlier. That led to operating cash flow of $5.6 million. Consolidated net income was $6 million, or $0.02 per share, for Q1 2015. In Q2 2015, the company reported slightly higher AISC of $1,048, but also reported operating cash flow of $6 million and adjusted net income of $1.8 million.
(Credit: McEwen Mining Corporate Presentation)
As for the balance sheet, it's definitely improving: McEwen ended Q2 2015 with $28.9 million in cash and equivalents and just $5.8 million debt. This is well above the company's Q4 2014 treasury of $12 million in cash and equivalents, and above its Q1 2014 total of $19 million.
Stock Repurchase Program
McEwen also recently announced a stock repurchase program that allows the company to purchase up to 15 million shares of its common stock over a 12-month period. The only other gold company that I can think of that has implemented a stock repurchase program is Silver Wheaton (NYSE:SLW) and Sandstorm Gold (NYSEMKT:SAND), both streaming companies and not actual gold miners like McEwen.
According to the release:
"Management and the Board of Directors believe that prevailing market conditions have resulted in McEwen Mining's shares being undervalued, and the stock repurchase program is an opportunity to minimize the adverse effects of market volatility and recapture value for shareholders. The repurchase plan is indicative of McEwen Mining's commitment to enhancing shareholder value."
However, the board of directors has also determined that a maximum of $15 million can be spent on the share repurchases, which means that if McEwen's share price continues to rise, the buyback amount could be much lower than 15 million shares.
In my opinion, this is a pretty smart move by the company, as it can only repurchase its own shares when it feels it is the right time. For example, if McEwen's stock were to fall back to $.60-.70, it'd be a much better time to repurchase stock than at the current price of $1 per share.
The Bottom Line
McEwen has gotten its cash costs under control and is generating positive cash flow from operations. The balance sheet has improved, and the share repurchase program is a wise move, as the company can buy its own shares on any dips. Investors who are bullish on gold should consider McEwen here, as the stock has big upside potential, in my opinion.
Zacks Short Term Rating on McEwen Mining Inc. (NYSE:MUX)
Oct 8, 2015
Analysts at Zacks have given a short term rating of hold on McEwen Mining Inc. (NYSE:MUX) with a rank of 3. The company has received an average rating of 1 from 1 brokerage firms. 1 analysts have rated the company as a strong buy.
McEwen Mining Inc. is up 16.79% in the last 3-month period. Year-to-Date the stock performance stands at -13.61%. Shares of McEwen Mining Inc. rose by 8.86% in the last five trading days and 12.72% for the last 4 weeks.
Several financial analysts have commented on the company rating. H.C. Wainwright assumes its view on McEwen Mining Inc. (NYSE:MUX) according to the research report released by the firm to its investors. The shares have now been rated Buy by the stock experts at the ratings house. H.C. Wainwright announces the current price target of $1.3 per share on McEwen Mining Inc.. The rating by the firm was issued on June 29, 2015.
McEwen Mining Inc. (NYSE:MUX) : On Wednesday heightened volatility was witnessed in McEwen Mining Inc. (NYSE:MUX) which led to swings in the share price. The shares opened for trading at $0.9301 and hit $0.9654 on the upside , eventually ending the session at $0.9525, with a gain of 4.66% or 0.0424 points. The heightened volatility saw the trading volume jump to 798,504 shares. The 52-week high of the share price is $1.94 and the company has a market cap of $286 million. The 52-week low of the share price is at $0.65 .
The company shares have dropped -44.38% from its 1 Year high price. On Oct 9, 2014, the shares registered one year high at $1.94 and the one year low was seen on Jul 24, 2015. The 50-Day Moving Average price is $0.87 and the 200 Day Moving Average price is recorded at $0.92.
Company Shares of McEwen Mining Inc. (NYSE:MUX) Rally 1.08%
Shares of McEwen Mining Inc. (NYSE:MUX) rose by 1.08% in the past week and 11.98% for the last 4 weeks. In the past week, the shares have outperformed the S&P 500 by 0.04% and the outperformance increases to 10.25% for the last 4 weeks.
McEwen Mining Inc. (NYSE:MUX) : On Friday heightened volatility was witnessed in McEwen Mining Inc. (NYSE:MUX) which led to swings in the share price. The shares opened for trading at $0.9 and hit $0.9608 on the upside , eventually ending the session at $0.935, with a gain of 8.72% or 0.075 points. The heightened volatility saw the trading volume jump to 869,766 shares. The 52-week high of the share price is $1.94 and the company has a market cap of $281 million. The 52-week low of the share price is at $0.65 .
The company shares have dropped 49.18% in the past 52 Weeks. On October 9, 2014 The shares registered one year high of $1.94 and one year low was seen on July 24, 2015 at $0.65. The 50-day moving average is $0.87 and the 200 day moving average is recorded at $0.92. S&P 500 has rallied 0.84% during the last 52-weeks.
On a different note, The Company has disclosed insider buying and selling activities to the Securities Exchange, Mcewen Robert Ross, CEO of Mcewen Mining Inc., executed a transaction worth $98,407 on September 16, 2015. A total of 108,140 shares were purchased at an average price of $0.91. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered. Currently the company Insiders own 0.6% of McEwen Mining Inc. Company shares. In the past six months, there is a change of 6.79% in the total insider ownership. Institutional Investors own 20.9% of Company shares. During last 3 month period, -1.75% of total institutional ownership has changed in the company shares. McEwen Mining Inc. has dropped 0.08% during the last 3-month period . Year-to-Date the stock performance stands at -15.2%.
McEwen Mining Inc. (McEwen Mining), formerly US Gold Corporation, is engaged in the exploration for and production of precious metals in the United States, Mexico and Argentina. McEwen Minings operating segments include USA and Mexico. The Company holds an interest in numerous exploration and development stage properties and projects in Nevada, Mexico and Argentina, as well as a 49% equity interest in the gold-silver San Jose Mine in Santa Cruz Province, Argentina. The Company holds interests in approximately 1,631 square miles of mineral concessions in west central Mexico. Its primary property in Mexico is the El Gallo Complex, located in Sinaloa state on the Sierra Madre Trend, a geological area of gold and silver mineralization. The Company holds interests in approximately 254 square miles in Nevada, United States. On January 24, 2012, it acquired of Minera Andes Inc. (Minera Andes).
McEwen Mining Undertaking Stock Repurchase Program; CFO To Step Down
Friday October 02, 2015 09:35
McEwen Mining Inc. (NYSE, TSX: MUX) says it intends to begin a share repurchase program that authorizes the company to buy up to 15 million shares of its common stock over a 12-month period. “Management and the board of directors believe that prevailing market conditions have resulted in McEwen Mining's shares being undervalued, and the stock repurchase program is an opportunity to minimize the adverse effects of market volatility and recapture value for shareholders,” the company says in its news release.
“The repurchase plan is indicative of McEwen Mining's commitment to enhancing shareholder value.” The board authorized a maximum of $15 million that can be spent on repurchases.
The company also announces the resignation of Perry Ing, vice president and chief financial officer, effective Oct. 30.
The company is considering candidates to succeed him. "We wish to thank Perry for his significant contribution our growth from an exploration company to a 150,000-ounce gold-equivalent producer, and wish him well in his new endeavor," says Rob McEwen, chairman and chief owner.
By Allen Sykora of Kitco News; email@example.com
Verfügt das Unternehemen nicht mehr über das Geld um diese Leute zu bezahlen und kauft dafür die Aktien zurück ?
Wenn es dem Kurs helfen sollte ist es schon in Ordnung.
McEwen Mining Announces Management Change
TORONTO, ONTARIO -- (Marketwired) -- 10/01/15 -- McEwen Mining Inc. (NYSE: MUX)(TSX: MUX) today announces that Perry Ing, VP & CFO, will be resigning on October 30, 2015. Internal and external candidates for this role are currently being considered. "We wish to thank Perry for his significant contribution our growth from an exploration company to a 150,000 ounce gold equivalent producer, and wish him well in his new endeavor," said Rob McEwen, Chairman & Chief Owner.
ABOUT MCEWEN MINING (www.mcewenmining.com)
Vielleicht ändert sich das ja, wenn der Rückkauf beginnt ?
McEwen Mining announces 15M share repurchase plan
McEwen Mining is pleased to announce its intention to commence a share repurchase program that authorizes the company to purchase up to 15M shares of its common stock over a twelve month period. This news was first reported by TheFlyonTheWall.com, one of the best unbiased market intelligence and live stock news services. The stock decreased 1.68% or $0.015 on October 1, hitting $0.86. MUX has declined 23.89% since February 27, 2015 and is downtrending. It has underperformed by 15.31% the S&P500.
September 17th, 2015 - 0 comments - Filed Under - by Thomas Dobrow
McEwen Mining (NYSE:MUX) major shareholder 2190303 Ontario Inc. acquired 91,860 shares of the business’s stock in a transaction dated Monday, September 14th. The shares were bought at an average price of $0.86 per share, with a total value of $78,999.60. Following the transaction, the insider now directly owns 72,880,494 shares in the company, valued at approximately $62,677,224.84.
The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.
Shares of McEwen Mining (NYSE:MUX) opened at 0.91 on Thursday. The company’s market capitalization is $273.48 million. McEwen Mining has a 12-month low of $0.65 and a 12-month high of $2.43. The firm’s 50-day moving average is $0.82 and its 200-day moving average is $0.93.
Separately, HC Wainwright began coverage on shares of McEwen Mining in a report on Monday, June 29th. They set a “buy” rating and a $1.30 price target for the company.
McEwen Mining Inc. is a mining and minerals exploration company. The Company is focused on precious and base metals in Argentina, Mexico and the United States. Its operating segments include Argentina, Mexico and the United States. It has a land position consisting of mining claims, leases of mining claims or concessions of around 814 square miles in Argentina, 697 square miles in Mexico and 241 square miles in Nevada.
M.E. hat sich bei MUX kaum etwas verändert, sie wollen doch eigentlich, wie bereits berichtet, doch nur die Produktion erhöhen, mehr nicht.
Momentaner Kurs ist 0,9036 €
McEwen Mining Inc.
McEwen Mining Inc. gab gestern eine Erhöhung seiner Produktionsvorgabe für das Jahr 2015 bekannt. Anstatt wie bisher mit 138.000 Unzen, rechnet das Unternehmen im laufenden Jahr nun mit einem Ausstoß von insgesamt 150.000 Unzen Goldäquivalent.
Grund für diese Steigerung sind höhere Gehalte und Ausbeuten bei der El-Gallo-Mine. Die Mine wird in diesem Jahr voraussichtlich 62.000 Unzen Goldäquivalent liefern, bislang war das Unternehmen bei El Gallo von einer Produktion von 50.000 Unzen ausgegangen.
© Redaktion MinenPortal.de
Der Kurs ist wieder über den 1,04 US-$ und was das heißt wissen alle Aktionäre.
Sollte es so bleiben und wenn das Gold weiter steigt, bleibt es auch so, dann steigt der Kurs wieder auf andere Höhen.
Auf eine vielversprechende Machbarkeitsstudie, die ebenfalls schon im 3. Quart. veröffentlicht werden soll, kommz es an.
Nur gute Ergebnisse auf Gold Bar kann McEwen zu neuem Leben und zu höheren Kursen bringen.
McEwen Shareholders Can Celebrate A Free Cash Flow Positive Quarter
Aug. 10, 2015 1:12 PM ET | About: McEwen Mining Inc. (MUX)
Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. (More...)
McEwen Mining generated $12M in free cash flow in the first half of this year, but its performance will deteriorate in H2, due to a lower grade at El Gallo.
The working capital position has increased to more than $30M after receiving the insurance payout.
I'm looking forward to see the updated mine plan at Gold Bar, but I'm unsure a run-of-mine flow sheet is the smartest decision for the long run.
Zeit hat er, wie er dort gesagt hat bis zum nächsten Januar 2016. Da sind also von heute an nur noch ca. 5 Monate.
Ich will es mit ihm hoffen das er das erreichen kann ?
Aus dieser News kann man erkennen woher die Verluste, trotz der enormen Fördersteigerung gegenüber dem 2. Quart. 2014 und auch dem 1. Quart. 2015 herkommen.
Naja, lesen müßt ihr schon selbner .
Kupfer- und Goldproduzent McEwen Mining kann Verlust reduzieren
Geschrieben von Björn Junker • 10. August 2015 •
Der Kupfer- und Goldproduzent McEwen Mining (WKN A1JS7T) hat im zweiten Quartal 2015 einen Nettoverlust von 14,1 Mio. Dollar oder 5 Cent je Aktie geschrieben. Im Gleichen Zeitraum des Vorjahres war allerdings noch ein Minus von 104 Mio. Dollar oder 0,35 Dollar pro Aktie angefallen.
McEwen Mining's (MUX) CEO Robert McEwen on Q2 2015 Results - Earnings Call Transcript
Aug. 9, 2015 2:11 AM ET | About: McEwen Mining Inc. (MUX)
Good morning, ladies and gentlemen. Welcome to the McEwen Mining Second Quarter 2015 Financial and Operating Results Conference Call. At the end of the presentation we will take questions from participants on the conference call and the webcast.
I would now like to turn the meeting over to Mr. Rob McEwen, Chief Owner. Please go, Mr. McEwen.
Robert McEwen - CEO
Thank you, operator. Good morning, ladies and gentlemen. Welcome to our second quarter 2015 conference call, where we're going to cover our operating and financial results for the quarter.
I'd like to start saying we had an excellent quarter, strong productions generated very healthy operating profit from cash flow. And our star performing asset was our El Gallo Mine in Mexico that delivered outstanding production cost per ounce and here with me today to give you the details are Perry Ing, our VP and CFO and Nathan Stubina, our Managing Director. Perry?
Perry Ing - CFO
Thanks, Rob. Overall as Rob mentioned, we experienced some excellent quarter from production standpoint, which helped to drive down our cost and increase our cash flow and our treasury.
Our consolidated gold equivalent production was up 36% to 39,000 ounces in the quarter compared to 29 ounces in the same quarter in 2014. As a result, our earning from mine operations doubled to $13.4 million compared to $6.6 million in the same period of 2014.
Den Rest findet ihr unter diesem Link:
News Releases Details
McEwen Mining Reports 2015 Second Quarter Operating & Financial Results
TORONTO, ONTARIO--(Marketwired - Aug. 5, 2015) - McEwen Mining Inc. (NYSE:MUX)(TSX:MUX) ("McEwen Mining" or the "Company") is pleased to report our financial and operating results for the three months ended June 30th, 2015(1). The Company had record quarterly production of 39,164 gold equivalent ounces and reported cash flow from operations of approximately $6 million or $0.02 per share. The El Gallo Mine in Mexico was the key performer in the quarter, producing at a cash costs and all-in sustaining costs (AISC) per gold equivalent ounce of $351 and $546, respectively.
As of August 4th, the Company has cash, cash equivalents and precious metals of $32 million.
The table below provides production and cost per ounce results for Q2 and comparative results for Q2 2014.
Denn wenn der Kurs bis zum Ende diesen Jahres nicht über 1 $ kommen sollte, könnte es passieren, das Mux von der NYSE, allerdings nur von der NYSE, ausgelistet wird.
Immerhin müssen sie hier über 1 Mill $ für die Listing zahlen und das ist leider für diesen gewordenen Penny-Wert schon eine sehr große Belastung.
Aber lies es selber, was sein kann, aber nicht sein muss.
Viel Zeit bleibt da aber nicht mehr.
Ich hätte nie gedacht, das ich das mit McEwen erleben mußte. Aber Rob muss sehr wahrscheinlich genau so leiden wie ich. Immerhin hat er ca. 60 % Miese gemacht.
Aber er hat es ja, es trifft ja keinen Armen, oder ?
McEwen Mining: What Would NYSE Delisting Mean For Investors?
Jul. 11, 2015 11:55 PM ET | 7 comments | About: McEwen Mining Inc. (MUX)
Disclosure: I am/we are long MUX. (More...)
Benefits and costs of MUX delisting from NYSE to OTC markets.
Should investors be concerned about MUX's potential delisting?
What does this mean for MUX going forward?
There remains a seemingly anxious buzz surrounding McEwen Mining (NYSE:MUX)- specifically the share price and the recent news of a NYSE