Investors need to pay close attention to McEwen Mining (MUX) stock based on the movements in the options market lately.
The mean of analysts' price targets for McEwen (MUX) points to a 36.9% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.
Michael McCrae is leading Kitco's coverage of the mining sector. McCrae, who has both an MBA and CMA, knows how to build digital media properties.
MUX signs a deal with YPF Luz to power its Los Azules project, supporting sustainable growth and long-term value.
McEwen Mining (MUX) closes the previously announced deal to acquire all issued and outstanding common shares of Timberline.
McEwen Mining Inc. (NYSE:MUX ) Q2 2024 Earnings Conference Call August 8, 2024 11:00 AM ET Company Participants Rob McEwen - Chairman & Chief Owner William Shaver - Chief Operating Officer Perry Ing - Chief Financial Officer Michael Meding - Vice President and General Manager of McEwen Copper\ Conference Call Participants Jake Sekelsky - Alliance Global Partners Heiko Ihle - H.C. Wainwright Mike Kozak - Cantor Fitzgerald Allan Barry - Rocks and Stocks Operator Hello, ladies and gentlemen, and welcome to McEwen Mining's, Second Quarter 2024 Operating and Financial Results Conference Call.
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.
McEwen Mining receives a "Buy" rating due to improved performance in Nevada and positive prospects in Ontario and Argentina. President Milei's legislative package in Argentina creates a favorable environment for private initiatives, benefiting the mining industry. Despite recent challenges, McEwen Mining's Q1-2024 results and growth plans show promise, supported by positive trends in gold and silver prices.
TNR Gold Corp (TSX-V:TNR, OTC:TRRXF) has announced an update from McEwen Mining on the Los Azules copper, gold, and silver project in San Juan, Argentina, where TNR holds a 0.4% net smelter returns royalty. McEwen Mining has launched a private placement of just over 2.3 million shares of its subsidiary, McEwen Copper Inc., at $30 per share, aiming to raise $70 million to advance a bankable feasibility study for the Los Azules project.
TNR Gold Corp (TSX-V:TNR, OTC:TRRXF) announced significant progress at the Los Azules copper, gold, and silver project in San Juan, Argentina, as detailed in a recent update from McEwen Mining Inc (TSX:MUX, NYSE:MUX). TNR holds a 0.4% net smelter returns royalty on the Los Azules project, managed by McEwen Copper, a subsidiary of McEwen Mining.
TNR Gold Corp (TSX-V:TNR, OTC:TRRXF) announced significant progress at the Los Azules copper, gold, and silver project in San Juan, Argentina, as detailed in a recent update from McEwen Mining Inc (TSX:MUX, NYSE:MUX). TNR holds a 0.4% net smelter returns royalty on the Los Azules project, managed by McEwen Copper, a subsidiary of McEwen Mining.