Edition:
United States

McEwen Mining Inc (MUX)

MUX on New York Consolidated

2.23USD
22 Jan 2018
Change (% chg)

$-0.01 (-0.45%)
Prev Close
$2.24
Open
$2.27
Day's High
$2.30
Day's Low
$2.20
Volume
2,335,343
Avg. Vol
3,050,314
52-wk High
$4.43
52-wk Low
$1.82

Latest Key Developments (Source: Significant Developments)

Mcewen Mining Reports Q4 Production Results
Monday, 15 Jan 2018 06:00am EST 

Jan 15 (Reuters) - Mcewen Mining Inc ::MCEWEN MINING REPORTS 2017 FULL YEAR AND Q4 PRODUCTION RESULTS.SAYS Q4 CONSOLIDATED GOLD OUNCES PRODUCTION WAS 48,609​ OUNCES.SAYS Q4 CONSOLIDATED SILVER OUNCES PRODUCTION WAS 926,739 OUNCES.  Full Article

McEwen Mining's Unit Executed Line Of Credit Agreement With Banco Nacional De Comercio Exterior, S.N.C. - SEC Filing​
Monday, 4 Dec 2017 12:12pm EST 

Dec 4 (Reuters) - McEwen Mining Inc ::SAYS ‍ON NOV 30, UNIT EXECUTED A LINE OF CREDIT AGREEMENT WITH BANCO NACIONAL DE COMERCIO EXTERIOR, S.N.C. - SEC FILING​.SAYS THE LINE OF CREDIT ALLOWS CO'S UNIT TO BORROW UP TO 120 MILLION MEXICAN PESOS ‍​.SAYS BORROWING UNDER LINE OF CREDIT WILL BE AVAILABLE FOR ONE YEAR FROM NOV 30.SAYS UNIT IS PERMITTED TO USE PROCEEDS FROM LINE OF CREDIT TO FINANCE UP TO 90% OF THE VAT REFUNDS RELATED TO COST OF ITS EL GALLO 1 MINING PROJECT​.  Full Article

McEwen Mining receives key permit for gold bar project
Wednesday, 8 Nov 2017 06:00am EST 

Nov 8 (Reuters) - McEwen Mining Inc -:McEwen Mining receives key permit for gold bar.McEwen Mining-got signed record of decision on final environmental impact statement for gold bar project (gold bar), Eureka county, Nevada​.  Full Article

McEwen Mining Q3 qtrly loss per share ‍$0.03
Thursday, 2 Nov 2017 04:44pm EDT 

Nov 2 (Reuters) - Mcewen Mining Inc : :McEwen Mining announces Q3 2017 operating & financial results.McEwen Mining inc qtrly loss per share ‍$0.03.  Full Article

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

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​