checkAd

    McEwen Mining (Seite 70)

    eröffnet am 29.01.12 19:26:51 von
    neuester Beitrag 16.05.24 23:07:16 von
    Beiträge: 1.908
    ID: 1.172.023
    Aufrufe heute: 0
    Gesamt: 236.604
    Aktive User: 0

    ISIN: US58039P3055 · WKN: A3DMEX · Symbol: MUX
    11,100
     
    USD
    -3,31 %
    -0,380 USD
    Letzter Kurs 02:04:00 NYSE

    Werte aus der Branche Rohstoffe

    WertpapierKursPerf. %
    11.294,00+30,57
    0,7500+27,12
    0,7750+20,16
    0,7700+16,67
    1,2800+15,32
    WertpapierKursPerf. %
    0,5700-10,94
    1,0600-11,67
    0,6873-14,09
    178,20-19,37
    48,50-98,00

    Beitrag zu dieser Diskussion schreiben

     Durchsuchen
    • 1
    • 70
    • 191

    Begriffe und/oder Benutzer

     

    Top-Postings

     Ja Nein
      Avatar
      schrieb am 14.08.18 20:02:48
      Beitrag Nr. 1.218 ()
      Antwort auf Beitrag Nr.: 58.439.431 von bigyawn am 13.08.18 22:51:49Immerhin übernimmt Rob 50 % von dieser Kapitalerhöhung bzw von dieser Verschuldung.

      Der Mann hat zumindest Vertrauen in sein bzw. unser Unternehmen und in der Zukunft der eventuell anstehenden Erhöhung der Edelmetallpreise.

      Wird wohl aber bestimmt noch einige Zeit dafür brauchen. M.M.:confused:
      1 Antwort
      Avatar
      schrieb am 13.08.18 22:53:01
      Beitrag Nr. 1.217 ()
      McEwen to pay 0.5-cent semi-annual dividend Sept. 4

      2018-08-13 14:27 ET - News Release

      Nr, Rob McEwen reports
      MCEWEN MINING DECLARES DIVIDEND
      McEwen Mining Inc.'s next semi-annual dividend of 0.5 cent per share will be paid on Sept. 4, 2018, to shareholders of record on Aug. 27, 2018.
      Reclassification of previous return of capital to dividend
      On Feb. 14, 2018, McEwen Mining paid a semi-annual return of capital of one-half cent per share, for a total distribution of $1.7-million. Upon further evaluation of requirements under the Tax and Jobs Act, enacted on Dec. 22, 2017, the company expects to be in a taxable income position for 2018. Consequently, the distribution made on Feb. 14, 2018, has been recharacterized from a return of capital to a taxable dividend. The company will make the necessary tax withholding payments to the IRS (Internal Revenue Service), and shareholders will be taxed on the distributions as though they were dividends.
      About McEwen Mining Inc.
      McEwen's principal assets consist of the San Jose mine in Santa Cruz, Argentina (49-per-cent interest); the Black Fox mine in Timmins, Canada; the El Gallo Fenix project in Mexico; the Gold Bar mine in Nevada, currently under construction; and the large Los Azules copper project in Argentina, advancing toward development.
      We seek Safe Harbor.
      © 2018 Canjex Publishing Ltd. All rights reserved.
      Avatar
      schrieb am 13.08.18 22:51:49
      Beitrag Nr. 1.216 ()
      McEwen Mining closes $50M term loan

      2018-08-13 07:41 ET - News Release

      Mr. Rob McEwen reports
      MCEWEN MINING CLOSES $50 MILLION TERM LOAN FACILITY
      McEwen Mining Inc. has closed the previously announced $50-million senior secured three-year term loan facility with Royal Capital Management Corp. as agent for the lenders.
      As previously disclosed Rob McEwen, chairman and chief owner of the company, is participating as a lender for $25-million of the total $50-million term loan.
      The term loan will be used to complete construction of the Gold Bar mine in Nevada and for general corporate purposes. Construction of Gold Bar is advancing on schedule for completion by the end of 2018, targeting commercial production in the first quarter of 2019.
      The principal amount of the term loan will bear monthly interest at 9.75 per cent per annum. Repayment occurs in 12 equal monthly instalments of $2-million during the third year, with the remaining balance due on maturity. The term loan can be retired in full or in part any time during the first two years upon payment of the principal and accrued interest plus a fee linked to the remaining life of the term loan, and during the third year upon payment of the remaining principal and accrued interest plus a fee equal to 3 per cent of the remaining principal.
      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 Black Fox mine in Timmins, Canada; the El Gallo Fenix project in Mexico; the Gold Bar mine in Nevada, currently under construction; and the large Los Azules copper project in Argentina, advancing toward development.
      We seek Safe Harbor.
      © 2018 Canjex Publishing Ltd. All rights reserved.
      2 Antworten
      Avatar
      schrieb am 13.08.18 11:43:59
      Beitrag Nr. 1.215 ()
      Bereits am 1.8.2018 fand diese Quartals-Conference von McEwen Mining statt.
      Bin diesmal etwas spät dran, aber wenn man das liest bekommt man auch wieder etwas Mut bei dem derzeitigen Edelmetal-Preisverfall.

      Aber lest es nur selber.


      McEwen Mining Inc.'s (MUX) CEO Rob McEwen on Q2 2018 Results - Earnings Call Transcript
      Aug. 1, 2018 6:29 PM ET

      |
      4 comments
      |
      About: McEwen Mining Inc. (MUX)
      Q2: 07-31-18 Earnings Summary
      8-K
      News
      EPS of $-0.02 misses by $-0.01
      McEwen Mining Inc. (NYSE:MUX) Q2 2018 Earnings Conference Call August 1, 2018 11:00 AM ET

      Executives

      Rob McEwen - Chief Owner

      Andrew Elinesky - Chief Financial Officer

      Sylvain Guérard - Senior Vice President of Exploration

      Analysts

      Jake Sekelsky - Roth Capital Partners

      John Tumazos - Very Independent Research

      Bhakti Pavani - Euro Pacific Capital

      Howard Flinker - Flinker & Co

      Matt Barry - H.C. Wainwright

      Bill Powers - Private Investor

      Operator

      Good morning, ladies and gentlemen. Welcome to the McEwen Mining’s Second Quarter Financial Conference Call. At this time, all participants are in a listen-only mode. Later, we will conduct the question-and-answer session and instructions will follow at that time. [Operator Instructions] As a reminder, this call is being recorded. If you have not already done so, please click on the link located in the upper right corner of the webcast in order to access the presentation that management team will be referring to on the call this morning. This presentation will also be uploaded on the McEwen Mining website after the call.

      I would now like to hand the call over to Rob McEwen, Chief Owner. Please go ahead sir.

      Rob McEwen

      Thank you, operator. Good morning fellow shareowners and curious investors. Joining me on this call today are Andrew Elinesky, our CFO; and Sylvain Guérard, our Senior Vice President of Exploration. Today, we’re going to talk about our second quarter and first half results for 2018 both financial and operational, in addition we will talk about our successful exploration program and our new incoming President and COO, Chris Stewart.

      For this quarter and half year, we held our production costs in check, but significantly increased our gold and silver production. In the quarter, all-in sustaining costs per ounce were down 2% and production was up 45% over the comparable period in 2017. In the first half of this year, our all-in sustaining costs were up slightly by 1%, but production was up 46% compared to last year.

      We are making a big investment in exploration, and to date the results have been very encouraging. Not only have we increased the size of our resource base, we have also established new compelling targets of both Gold Bar and the Black Fox Complex. Last year at this time, we were waiting for a permit to start construction of our Gold Bar Project in Nevada. We have just made our first acquisition in the world class Timmins region of Canada, and we had just started our due diligence on what became our next strategic acquisition in the Timmins region, the Black Fox Complex, which we bought in early fourth quarter.

      Today, we have a diversified production base of three mines, increasing to four by year end. We have large landholdings and promising exploration potential in two of the best areas in the world for gold. We have a new development project in Mexico, the Fenix project, which is progressing to a feasibility study early next year and preliminary numbers show it to be a silver and gold mine that requires low CapEx and generates attractive returns over a 12-year mine life. Our San José joint venture gold-silver mine in Argentina continues to generate dividends.

      At this I would like to pass the call over to Andrew to speak about our financial and operational results for the quarter and half year.

      Andrew Elinesky

      Thank you, Rob. Good morning everyone. Thank you for taking the time out of the busy summer to join us here today. Further to Rob's opening remarks, the second quarter was a solid continuation of the steady production and cost at our operations. In addition to the stable performance, we have continued with the execution of a number of initiatives that the company had planned for this year and that includes building the Gold Bar mine, turning around the Black Fox mine, adding Fenix as the next operation in our development pipeline and that of course raising the capital to achieve these goals this year.


      Hier findet ihr, unter den angegebenen LInk, den Rest dieser Conference Veranstaltung. bt02



      https://seekingalpha.com/article/4193365-mcewen-mining-inc-s…


      Unter diesem Link findet ihr dann die hier angesprochenen präsentationne:


      http://s21.q4cdn.com/390685383/files/doc_presentations/2017/…" target="_blank" rel="nofollow ugc noopener">http://s21.q4cdn.com/390685383/files/doc_presentations/2017/…


      http://s21.q4cdn.com/390685383/files/doc_presentations/2017/…" target="_blank" rel="nofollow ugc noopener">http://s21.q4cdn.com/390685383/files/doc_presentations/2017/…


      http://www.mcewenmining.com/investor-relations/presentations…
      Avatar
      schrieb am 02.08.18 23:17:53
      Beitrag Nr. 1.214 ()
      Wenn wir auch noch nicht wissen wann der "Niedergang des Goldpreises" aufhören wird, aber es wird kommen
      dass die Edelmetalle auch wieder steigen werden.

      Aber garantieren kann ich das leider nicht-



      Goldpreis weiter unter Druck – das sind die Gründe
      Liebe Leser,

      auch in dieser Woche setzt sich der Abwärtstrend beim Goldpreis weiter fort. Mit nur noch knapp 1.215 Dollar ist der Preis für die Feinunze auf den niedrigsten Stand seit anderthalb Jahren abgerutscht. Wie Sie wissen, habe ich Ihnen in den vergangenen Tagen ausführlich erklärt, warum es langfristig gut für den Goldpreis aussieht. Kurzfristig jedoch steht der Preis für das Edelmetall deutlich unter Druck. Dafür sorgen verschiedene Faktoren, die ich Ihnen heute etwas genauer erklären möchte.

      So sorgen derzeit einige Faktoren außerhalb des Goldmarktes für die fortgesetzte Schwäche. Auf der einen Seite legt der US-Dollar zuletzt wieder klar zu. Auf der anderen Seite hat der Ölpreis wieder etwas nachgelassen. Diese beiden Faktoren sorgen schon nahezu traditionsgemäß dafü, dass der Goldpreis schwächer performt. Ganz aktuell kommen noch Meldungen aus den USA hinzu, wo die dortige Notenbank bei der jüngsten Sitzung keine Änderungen an der Zinspolitik vornimmt. Auch das ist nicht gerade positiv für den Goldpreis.

      Die Marke von 1.200 Dollar muss erst einmal halten
      In solchen Phasen lohnt es sich auch einmal, auf die technische Verfassung des Goldpreises zu schauen. Genau das machen sehr viele kurzfristig orientierte Trader, um vielleicht gerade von der Schwäche zu profitieren und auf einen weiteren Abschwung des Goldpreises zu setzen. Tatsächlich haben gerade die Goldbären das Zepter in der Hand. Diejenigen die auf einen weiter fallenden Goldpreis setzen, haben zuletzt schon hohe Gewinne erzielen können.

      Und das nächste Signal für die Goldbullen, die auf steigende Kurse setzen, ergibt sich erst wieder, wenn der Goldpreis den massiven Widerstand bei 1.250 Dollar nach oben durchbrechen sollte. Das nächste kurzfristige Abwärtsziel ist die noch sehr wichtige technische Unterstützung bei 1.200 Dollar.

      Auf Eurobasis ging es zuletzt auch deutlich nach unten für den Goldpreis. Im frühen Handel heute erreichte so die Notierung mit 1.042 Euro pro Unze den niedrigsten Stand seit Anfang 2016. Innerhalb des Handelstages hat sich das ganze Bild aber etwas gewandelt und es ging schon wieder auf 1046 Euro nach oben.

      Auf Monatssicht hat der Goldpreis rund 2,5 % an Wert verloren auf Euro-Basis. Damit bietet sich jetzt für den Aufbau neuer Position ein attraktives Niveau. Allerdings sollten Sie eine Sache dabei im Hinterkopf behalten: Nach dem fortgeschrittenen Abwärtstrend zuletzt ist es auch gut möglich, dass der Goldpreis noch weiter an Boden verliert. Wenn Sie am Aufbau von neuen Goldpositionen interessiert sind, sollten Sie daher ein Abstauber-Limit deutlich unter dem aktuellen Niveau setzen, um auch von einem möglichen weiteren Preisrückgang noch profitieren zu können.

      Erfolgreiche Investments
      wünscht Ihnen
      Heiko Böhmer
      Redaktion „Rohstoff-Giganten“

      © VNR AG, alle Rechte vorbehalten.

      Trading Spotlight

      Anzeige
      East Africa Metals
      0,1150EUR 0,00 %
      Neues Jahreshoch auf News – wie es jetzt weiter geht!mehr zur Aktie »
      Avatar
      schrieb am 01.08.18 14:29:47
      Beitrag Nr. 1.213 ()
      ORIGINAL: McEwen Mining Appoints Chris Stewart as President and COO

      2018-08-01 07:00 ET - News Release

      TORONTO, Aug. 01, 2018 (GLOBE NEWSWIRE) -- McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) is pleased to announce the appointment of Chris Stewart, P.Eng., as the President and Chief Operating Officer (COO) effective September 1st, 2018. Chris replaces Xavier Ochoa who resigned as of July 13, 2018 to pursue an opportunity closer to his home and family in South America.
      “McEwen Mining is in a growth phase that relies heavily on engineering and execution of projects. In addition to growing organically, we seek opportunities to expand our production and resource base. Chris is an ideal executive to lead our organic growth initiatives, as well as evaluate and execute on acquisitions,” said Rob McEwen, Chairman and Chief Owner.
      “I am excited to be joining McEwen Mining. It has acquired several high-quality assets in world class mining camps with tremendous exploration potential. Our focus will be on organic growth and ensuring that we maximize value from the current operations. We will also be looking for external growth opportunities that can be accretive to the business and contribute to our goal of qualifying for the S&P 500 Index,” said Chris Stewart.
      Chris is a senior executive with 25 years of diversified experience in the mining industry. The foundation of his extensive experience came from the 14 years he worked for Dynatec/DMC Mining, a Canadian mining contracting company. In 2007, Chris transitioned to working for mining companies, where he has held senior executive roles over the past 11 years. Most recently Chris was the President & CEO of Treasury Metals, a junior gold developer focused on its properties in Northwestern Ontario. Prior to that he was the Vice President of Operations for Kirkland Lake Gold, where he was responsible for all mining and milling activities, and played an instrumental roll in the significant turnaround of the company between 2014 and 2016. He was also Vice President of Operations for Lake Shore Gold, where he was responsible for the sinking of the Timmins West Mine shaft, obtaining early production from a new portal to access at Timmins West, and the refurbishment and commissioning of the Bell Creek Mill and Mine. Chris also worked for BHP Billiton where he was in charge of two new shafts at the Jansen Potash Project during the freeze wall design and construction phase.
      Chris is a registered Professional Engineer in Ontario and holds a Bachelor of Science, Mining Engineering, from Queen's University.
      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 José mine in Santa Cruz, Argentina (49% interest); the Black Fox mine in Timmins, Canada; the El Gallo Fenix project in Mexico; 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 the shares.
      CAUTION CONCERNING FORWARD-LOOKING STATEMENTS
      This news release contains certain forward-looking statements and information, including "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. The forward-looking statements and information expressed, as at the date of this news release, McEwen Mining Inc.'s (the "Company") estimates, forecasts, projections, expectations or beliefs as to future events and results including, but not limited to, the closing of the Offering and the use of proceeds thereof. Forward-looking statements and information are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management, are inherently subject to significant business, economic and competitive uncertainties, risks and contingencies, and there can be no assurance that such statements and information will prove to be accurate. Therefore, actual results and future events could differ materially from those anticipated in such statements and information. Risks and uncertainties that could cause results or future events to differ materially from current expectations expressed or implied by the forward-looking statements and information include, but are not limited to, factors associated with fluctuations in the market price of precious metals, mining industry risks, political, economic, social and security risks associated with foreign operations, the ability of the corporation to receive or receive in a timely manner permits or other approvals required in connection with operations, risks related to fluctuations in mine production rates, risks associated with the construction of mining operations and commencement of production and the projected costs thereof, risks related to litigation, the state of the capital markets, environmental risks and hazards, uncertainty as to calculation of mineral resources and reserves, and other risks. The Company’s dividend policy will be reviewed periodically by the Board of Directors and is subject to change based on certain factors such as the capital needs of the Company and its future operating results. Readers should not place undue reliance on forward-looking statements or information included herein, which speak only as of the date hereof. The Company undertakes no obligation to reissue or update forward-looking statements or information as a result of new information or events after the date hereof except as may be required by law. See McEwen Mining's Annual Report on Form 10-K for the fiscal year ended December 31, 2017 and other filings with the Securities and Exchange Commission, under the caption "Risk Factors", for additional information on risks, uncertainties and other factors relating to the forward-looking statements and information regarding the Company. All forward-looking statements and information made in this news release are qualified by this cautionary statement.
      The NYSE and TSX have not reviewed and do not accept responsibility for the adequacy or accuracy of the contents of this news release, which has been prepared by management of McEwen Mining Inc.
      CONTACT INFORMATION:
      Avatar
      schrieb am 31.07.18 19:59:20
      Beitrag Nr. 1.212 ()
      Ja, was sagt uns das jetzt ?

      Ich würde mich z.B. freuen, wenn du deinen "Senf" zu dieser News ebenfalls den hier lesenden Usern zu kommen lassen würdest.

      Würde bestimmt allen gefallen.

      Hier ist z. B. nun die Meinung eines Journalisten, By: Carl Surran, SA News Editor, der zum Kauf der MUX-Aktie rät.


      McEwen Mining says Q2 production jumped 45% while AISC fell 2%

      McEwen Mining says Q2 production jumped 45% while AISC fell 2%
      Jul. 31, 2018 11:21 AM ET|About: McEwen Mining Inc. (MUX)|By: Carl Surran, SA News Editor

      McEwen Mining (MUX +0.2%) is flat after reporting slightly larger than expected Q2 loss, as Q2 production surged 45% Y/Y to more than 47K gold equiv. oz. while all-in sustaining costs fell by 2% to $816/oz.

      During H1, gold equiv. oz.produced jumped by 47% and all-in sustaining costs rose by just 1% Y/Y.

      MUX says construction at its 100%-owned Gold Bar mine in the U.S. is advancing on schedule for completion by year-end 2018, targeting commercial production in Q1 2019.

      Gold Bar is projected to produce ~55K oz., 74K oz. and 68K oz. of gold, respectively, during the first three years of operation beginning in 2019.

      Now read: McEwen Mining: Buy The Strength »

      https://seekingalpha.com/news/3376017-mcewen-mining-says-q2-…


      und hier die News eines weiteren Jounalisten by Josh Rudnik

      Jul. 19, 2018 8:49 AM ET|
      About: McEwen Mining Inc. (MUX)
      This article is now exclusive for PRO subscribers.
      Josh Rudnik

      Portfolio strategy, hedge fund manager, long/short equity
      Marketplace
      Absolute Returns
      (2,911 followers)
      Summary

      MUX us breaking out higher.

      Management is focusing on production efficiency.

      I am buying stock in this name.

      McEwen Mining (MUX) is breaking out higher on optimism surrounding its operational improvements. Management is experimenting with innovative production methods that aim to reduce costs and leverage its returns to a move higher in precious metal prices. Moreover, its share price is trading near multi-decade lows, signaling that it could be an attractive spot to add a position. I am buying stock in this name as potential operational improvements allow it to be a leader in the mining space.
      Fundamental Narrative

      MUX looks attractively valued at current levels as management continues to grow production while using new, innovative strategies to lower costs and improve efficiency.

      The company engages in the exploration, development, production, and sale of gold and silver. It owns 100% interests in the El Gallo 1 mine and El Gallo 2 project in the state of Sinaloa, Mexico; and the Black Fox Complex, Buffalo Ankerite, Fuller,


      https://seekingalpha.com/article/4188315-mcewen-mining-buy-s…
      Avatar
      schrieb am 31.07.18 19:48:52
      Beitrag Nr. 1.211 ()
      Ja, was sagt uns das jetzt ?

      Ich würde mich z.B. freuen, wenn du deinen "Senf" zu dieser News ebenfalls den hier lesenden Usern zu kommen lassen würdest.

      Würde bestimmt allen gefallen.
      Avatar
      schrieb am 31.07.18 18:43:34
      Beitrag Nr. 1.210 ()
      McEwen Mining loses $5.4-million (U.S.) in Q2

      2018-07-31 08:09 ET - News Release

      Mr. Rob McEwen reports
      MCEWEN MINING REPORTS Q2 2018 RESULTS
      McEwen Mining Inc. has released second quarter results for the period ended June 30, 2018. During the second quarter, gold equivalent ounces produced increased by 45 per cent and all-in sustaining costs per ounce decreased by 2 per cent compared with the second quarter of 2017. Net cash flow from the business excluding project development costs was $6.3-million or two cents per share. A total investment of $26.3-million was made to further the company's long-term production growth plans at the Gold Bar, Black Fox, El Gallo Fenix and Los Azules projects. As a result, the company's consolidated net loss for the second quarter was $5.4-million, or two cents per share.
      During the first half of 2018 gold equivalent ounces produced increased by 47 per cent and all-in sustaining costs per ounce increased by 1 per cent compared with the first half of 2017. In the first half, net cash flow from the business excluding project development costs was $18.7-million or five cents share, and a total investment of $49-million was made to further the company's long-term production growth plans at the Gold Bar, Black Fox and Los Azules projects. As a result, the company's consolidated net loss for the first half was $10.6-million, or three cents per share.
      Please join the company's quarter-end conference call on Wednesday, Aug. 1, 2018, at 11 a.m. Eastern Standard Time. Details are provided below.
      The associated table provides production and cost results for the second quarter and first half year ended June 30, 2018, comparative results from last year, and production and cost guidance for 2018.

      PRODUCTION AND COSTS

      Q2 H1 Full-year 2018 guidance
      2017 2018 2017 2018
      Consolidated production
      Gold (oz) 22,191 36,959 42,287 72,027 128,000
      Silver (oz) 779,487 772,432 1,502,254 1,468,083 3,225,000
      Gold equivalent ounces (1) 32,584 47,258 62,317 91,602 171,000
      El Gallo mine, Mexico
      Gold equivalent ounces (1) 9,780 10,808 19,588 23,025 32,000
      Cash cost ($/AuEq oz)
      (1) (2) (4) 706 783 635 724 650
      AISC ($/AuEq oz) (1) (2) (4) 843 816 755 776 715
      San Jose mine, Argentina
      (49 per cent) (3)
      Gold (oz) 12,477 12,139 22,843 22,961 48,000
      Silver (oz) 774,521 769,197 1,491,494 1,461,249 3,225,000
      Gold equivalent ounces (1) 22,804 22,395 42,729 42,444 91,000
      Cash cost ($/AuEq oz)
      (1) (2) (4) 921 806 918 868 860
      AISC ($/AuEq oz) (1) (2) (4) 1,102 1,065 1,129 1,106 1,110
      Black Fox mine, Canada (5)
      Gold equivalent ounces (1) - 14,055 - 26,133 48,000
      Cash cost ($/AuEq oz)
      (1) (2) (4) - 771 - 806 920
      AISC ($/AuEq oz) (1) (2) (4) - 1,056 - 1,115 1,210

      Notes
      (1) Silver and gold production are presented as gold equivalent ounces, which approximate
      prevailing spot prices at the beginning of the year. The silver to gold
      ratio used for 2017 and 2018 is 75:1.
      (2) All amounts are reported in U.S. dollars unless otherwise stated.
      (3) Represents the portion attributable to the company from its 49-per-cent interest in
      the San Jose mine.
      (4) Earnings from mining operations, total cash costs, all-in sustaining
      costs (AISC), and cash, investments and precious metals are non-GAAP
      financial performance measures with no standardized definition under
      U.S. GAAP.
      (5) The Black Fox mine was acquired on Oct. 6, 2017.



      The associated table provides financial highlights for the second quarter and first half ended June 30, 2018, and comparative results from last year.

      FINANCIAL HIGHLIGHTS

      Q2 2017 Q2 2018 H1 2017 H1 2018
      Treasury
      Cash, investments and precious metals ($ millions) (4) $44.0 $34.5 $44.0 $34.5
      Working capital ($ millions) 47.0 19.2 47.0 19.2
      Debt nil nil nil nil
      Earnings from mining operations (4)
      El Gallo mine ($ millions) 6.8 6.0 15.0 18.5
      San Jose mine (49 per cent) ($ millions) 4.1 4.4 9.8 7.9
      Black Fox mine ($ millions) - 4.2 - 7.3
      Consolidated net income
      Net income (loss) ($ millions) (1.7) (5.4) (4.7) (10.6)
      Net income (loss) per share ($) (0.01) (0.02) (0.02) (0.03)
      Cash flow
      Net cash flow provided (used)
      in operations ($ millions) (7.2) (5.6) (16.6) 0.6


      Gold Bar mine, USA (100 per cent)
      Construction activities at Gold Bar during the second quarter focused on the heap leach pad, installation of the crushing and process facility, as well as site-wide electrical and water utilities. All major equipment and bulk materials are either on site or purchased and engineering for the project is complete. Construction is advancing on schedule for completion by the end of 2018, targeting commercial production in the first quarter of 2019. The company capitalized to construction in progress $18.2-million and $27.0-million for the three and six months ended June 30, 2018, respectively, and $33-million cumulative to date. During the first three years of operation beginning in 2019, Gold Bar is projected to produce approximately 55,000, 74,000 and 68,000 ounces of gold, respectively.
      El Gallo mine, Mexico (100 per cent)
      During the second quarter, the mine produced 10,808 gold equivalent ounces, compared with 9,780 gold equivalent ounces in 2017. Total cash costs and AISC were $783 and $816 per gold equivalent ounce, respectively. Production and cost guidance for 2018 are for 32,000 gold equivalent ounces at a cash cost and AISC of $650 and $715 per gold equivalent ounce, respectively.
      By the end of the second quarter, mining and crushing activities ceased and contractor equipment has been demobilized from the mine site. Closure, reclamation and residual heap leach activities are continuing and will continue for several years.
      A new preliminary economic assessment (PEA) study on potential production from the El Gallo complex at some point in the future was published on July 9, 2018. The proposed development plan evaluated in the PEA is called Project Fenix. The key outcomes of Project Fenix include an average annual production rate of 47,000 ounces gold equivalent (AuEq), a 12-year mine life, low initial capital cost of $41.0-million for phase 1 and $30.0-million for phase 2, and payback period of 4.1 years. At $1,250/ounce gold and $16/ounce silver the after-tax internal rate of return (IRR) is 28 per cent, and the net present value (NPV) at a 5-per-cent discount rate is $60.0-million.
      During the next 14 months the company will be applying for permits in addition to analyzing options for optimizing mineral processing, mine sequencing, material transportation and tailings storage as presented in the PEA.
      Black Fox mine, Canada (100 per cent)
      During the second quarter, the mine produced 14,055 gold equivalent ounces. Total cash costs and AISC were $771 and $1,056 per gold equivalent ounce, respectively. Year-to-date costs are trending below budget and gold production is above the company's projections. The company is maintaining production and cost guidance for 2018 are for 48,000 gold equivalent ounces at a cash cost and AISC of $920 and $1,210 per gold equivalent ounce, respectively.
      A $15.0-million exploration program is currently under way at the Black Fox complex. For information on the company's encouraging exploration results refer to recent news releases published on April 30, 2018, and July 25, 2018, available on the McEwen Mining website.
      For 2018, the company has budgeted a total of $18.4-million for sustaining and capital expenditure activities at the Black Fox mine, of which the company spent $7.6-million during the first half of 2018.
      San Jose mine, Argentina (49 per cent)
      The company's attributable production from San Jose in the second quarter of 2018 was 12,139 gold ounces and 769,197 silver ounces, for a total of 22,395 gold equivalent ounces, which is essentially unchanged from the comparative period in 2017. Second quarter production costs per gold equivalent ounce produced were also slightly lower than the comparative period in 2017. Year to date, San Jose is performing in line with the company's guidance for 2018 of 91,000 gold equivalent ounces at a cash costs and AISC of $806 and $1,065 per gold equivalent ounce, respectively.
      During the second quarter of 2018 and the first half of 2018, the company received $2.4-million and $7.3-million in dividends from the company's interest in San Jose, compared with $2.4-million and $4.9-million in dividends received during the same periods in 2017. For 2018, the company is forecasting dividends in excess of $12.0-million.
      Los Azules project, Argentina (100 per cent)
      During the first half of 2018 the company spent $5.9-million developing infrastructure alternatives and environmental baseline monitoring work to advance the company's permitting efforts.
      Conference call and webcast
      The company invites you to join its conference call, where management will discuss the company's 2018 financial results and project developments and follow with a question-and-answer session. Questions can be asked directly by participants over the telephone or can be e-mailed in advance. Please e-mail questions prior to the start of the call.

      Wednesday, Aug. 1, 2018;
      11 a.m. Eastern Time;
      Toll-free U.S. and Canada: 1-844-630-9911;
      Outside U.S. and Canada: 1-210-229-8828;
      Conference ID No. 8486966.

      An archived replay of the webcast will be available for one week after it takes place. Access the replay by calling 855-859-2056 (North America)/(404)-537-3406 (international), conference ID No. 8486966.
      About McEwen Mining Inc.
      McEwen Mining 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 Mining's principal assets consist of: the San Jose mine in Santa Cruz, Argentina (49-per-cent 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 toward development.
      Qualified person
      The technical contents of this news release has been reviewed and approved by Nathan Stubina, managing director, innovation, and a qualified person as defined by Canadian Securities Administrators National Instrument 43-101 Standards of Disclosure for Mineral Projects.
      We seek Safe Harbor.
      © 2018 Canjex Publishing Ltd. All rights reserved.
      Avatar
      schrieb am 25.07.18 22:15:22
      Beitrag Nr. 1.209 ()
      Antwort auf Beitrag Nr.: 58.302.329 von marstru am 25.07.18 21:05:04Sobald die Aktie mit dem Goldpreis fällt... kann die Aktie sicher...muss sie aber nicht.
      • 1
      • 70
      • 191
       DurchsuchenBeitrag schreiben


      Meistdiskutiert

      WertpapierBeiträge
      87
      69
      61
      55
      52
      48
      48
      38
      35
      29
      McEwen Mining