Shares of McEwen (MUX) have gained 15.2% over the past four weeks to close the last trading session at $9.68, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. Going by the price targets, the mean estimate of $13.25 indicates a potential upside of 36.9%. The mean estimate comprises three short-term price targets with a standard deviation of $1.56. While the lowest estimate of $12 indicates a 24% increase from the current price l ...

McEwen Mining Inc. (MUX) stated that its 48% owned subsidiary, McEwen Copper Inc., has signed an agreement with YPF Luz to power its massive Los Azules copper mine with 100% renewable energy. This agreement is consistent with MUX's goal of becoming 100% renewable. YPF Luz and McEwen Copper have signed a Memorandum of Understanding (MOU), which allows them to negotiate the exclusive energy supply for the Los Azules project in the San Juan province. This deal involves the provision of renewable energy via a h ...

TORONTO, Aug. 26, 2024 (GLOBE NEWSWIRE) -- McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) is pleased to announce that its 48%-owned McEwen Copper Inc. has secured an agreement with YPF Luz to power its large Los Azules copper project with 100% renewable energy. This exclusive agreement covers the supply of renewable energy through a high-voltage transmission line, with YPF Luz responsible for its development and financing. YPF Luz and McEwen Copper have signed a Memorandum of Understanding (MOU) that allows the ...

TORONTO, Aug. 22, 2024 (GLOBE NEWSWIRE) -- McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) and McEwen Copper Inc. are pleased to announce their participation in Fastmarkets' "Argentina: An emerging powerhouse for copper and lithium" webinar and in three upcoming industry conferences. In the Fastmarkets webinar (available here), McEwen Mining's CEO and Chief Owner Rob McEwen participated in a panel discussion exploring Argentina's vast copper and lithium reserves and how these resources are positioning the country ...

McEwen Mining Inc. (MUX) announced that it completed the previously mentioned deal to acquire all issued and outstanding common shares of Timberline Resources Corporation. This move will boost McEwen Mining's existing portfolio of development and exploration projects in Nevada. On Apr 16, 2024, MUX announced that it signed a definitive agreement and a plan of merger with Timberline. The deal was approved by Timberline shareholders on Aug 16, 2024. According to the deal, former Timberline shareholders will r ...

TORONTO, Aug. 19, 2024 (GLOBE NEWSWIRE) -- McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) today reported the completion of the previously announced acquisition of all the issued and outstanding common shares of Timberline Resources Corporation (TSXV:TBR)(OTCQB:TLRS) ("Timberline") by way of a merger between Timberline and a wholly-owned subsidiary of McEwen Mining (the "Transaction"). Timberline shareholders overwhelmingly approved the merger with McEwen Mining at Timberline's special meeting held on August 16th ...

财务数据和关键指标变化 - 公司录得1,080万美元的毛利润和720万美元的经调整EBITDA,相比去年同期的亏损有所改善 [5] - 公司现金增加77%至4,070万美元,营运资金增加28%至2,910万美元,债务保持不变 [6] 各条业务线数据和关键指标变化 - 公司在Fox矿的上层出现了一些地质问题,已采取措施进行修复,预计不会再次出现 [14][15][16][17][18] - 公司在Gold Bar矿的生产成本大幅下降,预计未来仍能维持在较低水平 [19][20] 各个市场数据和关键指标变化 - 阿根廷政府出台了20年来最重大的外商直接投资政策变革,包括降低税率、取消外汇管制等,将大幅提升Los Azules项目的净现值 [9][10][24][25][26] - 大型矿企BHP以44亿美元收购Lundin Mining在阿根廷的两个大型铜矿项目,体现了对阿根廷铜矿的巨大信心,也为Los Azules项目定下了新的估值基准 [10][11][36][37] 公司战略和发展方向及行业竞争 - 公司将继续推进Los Azules铜矿的可行性研究,预计明年初完成,未来将进行较少的勘探投入 [31][32][33] - 公司正在收购Timberline Resources,将与公司现有的金矿资产形成协同效应 [47][48] - 随着金价上涨,公司的利润率有所提升,预计将有更多中小型金矿公司受益 [40][41][42] 管理层对经营环境和未来前景的评论 - 阿根廷政策变革将大幅提升Los Azules项目的价值,公司内部估值为每股8.45美元,高于公司当前的市值 [7][9][24][25][26] - 公司对Gold Bar矿和San Jose矿的前景保持乐观,未来将继续投资扩产和勘探 [28][29][54][55] - 公司认为未来几年内中小型金矿公司将迎来机遇,公司也将关注相关的战略投资机会 [40][41][42] 其他重要信息 - 公司持有Los Azules1.25%的净熔炼权收益,以及6个其他矿权项目 [8] - 公司内部对自身资产的估值区间为每股20-50美元 [8] 问答环节重要的提问和回答 问题1 **Jake Sekelsky 提问** 询问Fox矿的地质问题是否为个别情况 [14] **William Shaver 回答** 该问题为单一区域的问题,已采取措施进行修复,未来不会再次出现 [15][16][17][18] 问题2 **Heiko Ihle 提问** 询问阿根廷新政策对公司税收的具体影响 [22] **Michael Meding 回答** 新政策将使公司税率从35%降至25%,同时还有加速VAT退税等其他优惠政策,预计税收成本将下降超过30% [24][25][26] 问题3 **Allan Barry 提问** 询问公司的铜矿资产Los Azules与竞争对手Filo del Sol和Josemaria的对比 [35] **Rob McEwen 回答** Los Azules的资源量和品位均优于竞争对手,且地理位置和基础设施条件更优越,预计资本支出也将更低 [36][37]

阿根廷新立法和铜矿项目收购 - 公司48.3%拥有的McEwen Copper公司对阿根廷的新立法表示兴奋[2][3][4][5][6] - BHP和Lundin Mining以44亿美元收购了阿根廷圣胡安省的两个铜矿项目[7][8] 洛斯阿苏莱斯铜矿项目 - 洛斯阿苏莱斯项目的钻探结果确认了高品位铜矿区，包括217米1.11%铜[9][10][11] - 洛斯阿苏莱斯项目的资源量评估钻探已完成，可行性研究预计于2025年初完成[12] - 洛斯阿苏莱斯项目的地质模型解释和铜矿化的关系有所提升[27][28][29][30][31][32] - 公司拥有100%的大型、处于先进阶段的Los Azules铜矿项目，位于阿根廷圣胡安省[36] - Los Azules项目被设计为与传统铜矿有明显不同,将大幅减少用水,碳排放更低,并计划在2038年前实现碳中和,运营时将100%使用可再生电力[37] - 最新的初步经济评估(PEA)预测,该项目具有较长的开采年限、较短的投资回收期、较低的每磅生产成本、较高的年度铜产量,以及21.2%的税后内部收益率[37] - 该项目被认为能够满足RIGI法案中被视为战略项目的所有标准[41] - RIGI法案为项目提供了一系列税收、关税和外汇管制方面的优惠政策,包括减免所得税、加速折旧、无限期结转亏损、免征出口税等[41-52] - 最近的钻探结果显示,该项目具有丰富的铜、金和银矿化[59-60] 公司整体勘探和生产情况 - 公司总体钻探结果显示铜矿资源丰富，包括多个高品位矿段[64][65][69] - 部分钻孔发现了高达1.32%的铜品位,其中包括100米的高品位矿段[75] - 公司正在积极开展新的勘探工作,以进一步扩大资源储量[64][65][69] - 公司将继续优化开采方案,提高采选效率,降低生产成本[64][65][69] - 公司正在评估并购等战略选择,以推动业务发展[64][65][69] - 公司总体业绩良好，铜、金和银的产量均有所增加[75] - 铜精矿的平均品位为0.37%，较上年同期有所提高[75] - 部分矿区包含高品位铜矿段，如AZ24387矿区有44米0.69%铜[75] - 公司正在积极开展新矿区的勘探和开发工作[76] - 公司正在推进多个新项目的建设和投产，以提高未来的产能[79] - 公司正在优化生产工艺和管理措施，以进一步提高生产效率[75] - 公司将继续关注成本管控，提高盈利能力[75] - 公司对未来市场前景保持谨慎乐观态度，将密切关注市场变化[76] - 公司将继续推进可持续发展战略，提高环境和社会责任[76] - 公司将加大资本开支投入，以支持未来的业务拓展[79] 财务业绩 - 公司总体业绩良好，总收入达到133.0百万美元，较上年同期增长54.5百万美元[83] - 富集矿区收入为246.0百万美元，较上年同期增长68.0百万美元，主矿区收入为314.0百万美元，较上年同期增长3.6百万美元[83] - 富集矿区铜品位为0.15%，金品位为0.03 g/t，银品位为0.65 g/t；主矿区铜品位为0.16%，金品位为0.02 g/t，银品位为0.61 g/t[83] - 富集矿区收入为84.0百万美元，较上年同期增长146.0百万美元，主矿区收入为230.0百万美元，较上年同期增长94.2百万美元[83] - 富集矿区铜品位为0.14%，金品位为0.02 g/t，银品位为0.79%；主矿区铜品位为0.05%，金品位为0.04 g/t，银品位为0.77%[83] - 富集矿区收入为186.0百万美元，较上年同期增长73.0百万美元[83] - 富集矿区铜品位为0.09%，金品位为0.03 g/t，银品位为0.42%[83] - 富集矿区收入为80.0百万美元，较上年同期增长233.5百万美元[83] - 富集矿区铜品位为0.25%，金品位为0.01 g/t，银品位为0.67%[83] - 富集矿区收入为102.0百万美元，较上年同期增长168.0百万美元[83] - 富集矿区铜品位为0.23%，金品位为0.01 g/t，银品位为0.90%[83] 黄金业务 - 2022年第三季度收入为3.85亿美元，同比增长 15%[87] - 黄金产量为 32,100 盎司，同比增长 8%[87] - 现金成本为每盎司 1,150 美元，同比下降 3%[87] - 全年黄金产量预计为 120,000 至 130,000 盎司[87] - 全年现金成本预计为每盎司 1,150 至 1,250 美元[87] - 正在开发新的金矿项目，预计将于 2023 年投产[87] - 正在评估收购其他矿山资产以扩大业务规模[87] - 正在研发新的开采技术以提高生产效率[87] - 正在拓展海外市场，计划在未来三年内将产量提高 50%[87] - 将继续优化成本结构,提高利润率和现金流[87] 风险因素 - 公司业务受到COVID-19疫情影响[92] - 金属价格波动可能对公司业务产生不利影响

McEwen (MUX) came out with a quarterly loss of $0.26 per share versus the Zacks Consensus Estimate of a loss of $0.22. This compares to loss of $0.46 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -18.18%. A quarter ago, it was expected that this gold and silver mining company would post a loss of $0.03 per share when it actually produced a loss of $0.41, delivering a surprise of -1,266.67%. Over the last four quarters, the ...

TORONTO, Aug. 07, 2024 (GLOBE NEWSWIRE) -- McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) today reported its second quarter (Q2) and half year (H1) results for the period ended June 30th, 2024. "I'm delighted that this quarter was the most profitable since 2016 as measured by Adjusted EBITDA(1) for our mining operations and Q3 is off to a good start. Production costs increased 8% quarter-overquarter, but revenue grew by 38%. Fox and Gold Bar are capitalizing on the higher gold prices to increase operating cash f ...