Edition:
United States

McEwen Mining Inc (MUX)

MUX on New York Consolidated

2.02USD
20 Oct 2017
Change (% chg)

$-0.05 (-2.42%)
Prev Close
$2.07
Open
$2.03
Day's High
$2.07
Day's Low
$1.99
Volume
3,037,342
Avg. Vol
3,293,239
52-wk High
$4.43
52-wk Low
$1.94

Latest Key Developments (Source: Significant Developments)

McEwen Mining reports Q3 2017 ‍consolidated gold ounces production of 19,051 ounces
Wednesday, 18 Oct 2017 04:43pm EDT 

Oct 18 (Reuters) - McEwen Mining Inc :McEwen Mining reports Q3 2017 production results.McEwen Mining Inc - ‍consolidated gold ounces production for Q3 2017 of 19,051 ounces versus 24,281​ ounces.McEwen Mining Inc - qtrly ‍production for gold equivalent​ ounces of 29,047 ounces versus 36,496 ounces.McEwen Mining Inc - ‍addition of Black Fox Complex boosts co's global 2018 production guidance to between 172,000-185,000 gold equivalent ounces​.  Full Article

Primero Mining ‍lowers 2017 San Dimas production guidance
Thursday, 21 Sep 2017 06:50am EDT 

Sept 21 (Reuters) - Primero Mining Corp :Primero provides an operations and corporate update.Lowered its 2017 San Dimas production guidance to between 75,000 and 85,000 gold equivalent ounces​.2017 production guidance been reduced to reflect more gradual restart of San Dimas operations and pending sale of Black Fox complex​.Expects consolidated 2017 production of between 125,000 and 135,000 gold equivalent ounces.Continues with negotiations on potential sale of San Dimas or potential renegotiation of its silver stream​.AISC is expected to be between $1,200 and $1,300 per gold ounce for 2017.  Full Article

McEwen Mining announces bought deal of $40.5 million
Monday, 18 Sep 2017 05:03pm EDT 

Sept 18 (Reuters) - Mcewen Mining Inc :McEwen Mining announces bought deal of $40.5 million.McEwen Mining -‍Intends to use net proceeds of offering to fund previously announced acquisition of Black Fox complex and associated assets and liabilities​.McEwen Mining - Underwriters have agreed to purchase, on bought deal basis, 18 million shares and warrants to purchase up to 9 million shares at $2.25 per share.  Full Article

McEwen Mining and Primero sign definitive agreement
Tuesday, 29 Aug 2017 06:00am EDT 

Aug 29 (Reuters) - Mcewen Mining Inc :McEwen Mining and Primero sign definitive agreement.Agreed purchase price is $35 million, subject to closing adjustments.Signed binding agreement with Primero Mining for purchase of Black Fox Complex in Timmins, Canada.  Full Article

Primero reports Q2 adjusted loss per share $0.02
Thursday, 10 Aug 2017 06:50am EDT 

Aug 10 (Reuters) - Primero Mining Corp ::Primero reports second quarter 2017 results.Q2 adjusted loss per share $0.02.Q2 earnings per share view $-0.02 -- Thomson Reuters I/B/E/S.Remains on track to achieve 2017 production guidance of between 50,000 and 60,000 ounces of gold from Black Fox.San Dimas capital plan for 2017 has been re-evaluated and scaled back by $17.7 million to $33.4 million.Qtrly ‍total production of 35,965 gold equivalent ounces, 27% lower than 49,499 gold equivalent ounces produced in Q2 2016​.Will continue to advance discussions with financiers to extend or refinance $75 million rcf due in november 2017​.Consolidated Q2 2017 total cash costs were $852 per gold equivalent ounce, with consolidated aisc of $1,262 per gold ounce​.Primero mining corp qtrly ‍revenues $16.2 million versus $42.6 million.Net loss incurred in q2 2017 includes a $285.0 million impairment of company's assets​.Reduction in 2017 planned exploration, development spending may affect co's ability to achieve expected production levels from san dimas ​operations in future yrs.All-in sustaining costs are now expected to be between $900 and $1,050 per ounce in 2017 from san dimas ​operations.May not be able to fully repay debt obligations under rcf without obtaining an extension, or additional source of debt/equity financing​.Reduction in 2017 planned exploration & development spending may "affect" ability to achieve expected production levels from san dimas operations in future yrs​.  Full Article

‍Primero announces sale of Black Fox Mine and Complex​
Thursday, 10 Aug 2017 06:45am EDT 

Aug 10 (Reuters) - Mcewen Mining Inc :Primero Mining Corp - ‍Primero will receive consideration of $35 million​.Primero Mining Corp - ‍Primero announces sale of Black Fox Mine and Complex​.Primero Mining Corp - ‍Primero expects to use proceeds from transaction to reduce company's total debt position​.Primero Mining Corp - ‍Entered into an agreement with Mcewen Mining Inc​.  Full Article

McEwen Mining Q2 net loss per share $0.01
Wednesday, 2 Aug 2017 04:01pm EDT 

Aug 2 (Reuters) - Mcewen Mining Inc :McEwen Mining announces Q2 2017 operating & financial results.McEwen Mining Inc - company reported a qtrly net loss of $1.7 million or $0.01 per share.McEwen Mining Inc - production for 2017 is expected to be 49,700 ounces of gold and 24,000 ounces of silver from El Gallo Mine.Mcewen Mining Inc - production for 2017 is expected to be 50,000 ounces of gold and 3,300,000 ounces of silver from San José Mine.McEwen Mining Inc - for 2017, total cash costs and all-in sustaining costs at El Gallo Mine are forecast to be $760 and $900 per gold equivalent ounce, respectively.McEwen Mining Inc - for 2017 total cash costs and all-in sustaining costs at San José Mine are forecast at $780 and $990 per gold equivalent ounce, respectively.  Full Article

McEwen Mining Q2 2017 consolidated production of 32,584 gold equivalent ounces
Thursday, 13 Jul 2017 05:10pm EDT 

July 13 (Reuters) - McEwen Mining Inc ::McEwen Mining reports Q2 2017 production results.Consolidated production for Q2 2017 of 22,191 gold ounces versus 20,096 gold ounces in Q1.Gold grades production at El Gallo mine, Mexico are projected to increase in second half of 2017.Q2 consolidated production of 779,487 ounces of silver versus 875,006 ounces.Consolidated production for Q2 2017 of 32,584 gold equivalent ounces versus 39,555 gold equivalent ounces.  Full Article

McEwen Mining says consolidated production for Q2017 22,191 gold ounces vs 20,096 gold ounces
Thursday, 13 Jul 2017 05:10pm EDT 

July 13 (Reuters) - Mcewen Mining Inc :Mcewen Mining reports q2 2017 production results.Consolidated production for q2 2017 of 22,191 gold ounces versus 20,096 gold ounces.Mcewen Mining Inc - gold grades production at el gallo mine, mexico are projected to increase in second half of 2017.Mcewen Mining Inc - q2 consolidated production of 779,487 ounces of silver versus 875,006 ounces.Consolidated production for q2 2017 of 32,584 gold equivalent ounces versus 39,555 gold equivalent ounces.Mcewen Mining Inc - record of decision on gold bar project, nevada expected in q3, 2017.  Full Article

McEwen Mining qtrly loss per share $0.01
Thursday, 4 May 2017 06:00am EDT 

May 4 (Reuters) - Mcewen Mining Inc :Mcewen mining announces q1 2017 operating & financial results.Qtrly loss per share $0.01.Mcewen mining inc - during quarter mcewen mining achieved consolidated production of 29,733 gold equivalent ounces.Mcewen mining inc - company remains on track to meet production and cost guidance for 2017..  Full Article

BRIEF-McEwen Mining announces bought deal of $40.5 million

* McEwen Mining -‍Intends to use net proceeds of offering to fund previously announced acquisition of Black Fox complex and associated assets and liabilities​