McEwen Mining Inc. (MUX)
Summary
McEwen: When Copper Optionality Starts To Matter
MUX gives investors exposure to Los Azules, a large and increasingly de‑risked copper project whose NPV is very sensitive to higher copper prices. The company's gold portfolio (Gold Bar, Fox, San José and, soon, El Gallo) is already generating cash and is expected to drive steady production growth toward 2030. A potential IPO of McEwen Copper and a final investment decision on Los Azules are major upcoming catalysts that could help unlock more of the project's value in the share.
McEwen Inc. (MUX) Shareholder/Analyst Call Transcript
McEwen Inc. (MUX) Shareholder/Analyst Call Transcript
McEwen Boosts Financial Strength With San Jose Dividend Payout
MUX receives a $49.4M San Jose Mine dividend, lifting 2026 payouts above expectations and supporting expansion and balance-sheet goals.
McEwen Mining Inc. Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| JSD Jeffrey S. Dabbs Kercheville Advisors LLC | 11,000 | $205,520 | $190,740 | -$14,780 | -7.19% |
| CAL CoreCap Advisors LLC CoreCap Advisors LLC | 435 | $7,438.5 | $7,684.27 | $245.77 | 3.3% |
 Michael Byun SageView Advisory Group LLC | 354 | $6,553 | $6,018.88 | -$534.12 | -8.15% |
 Leonid Berline ARMSTRONG ADVISORY GROUP Inc. | 500 | $4,805 | $8,155 | $3,350 | 69.72% |
| TC Tyson Cannizzaro Ausbil Investment Management Ltd. | 28,000 | $518,280 | $490,560 | -$27,720 | -5.35% |
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McEwen Mining Inc. Profile
| Metals & Mining Industry | Materials Sector | Robert Ross McEwen CEO | NYSE Exchange | 58039P305 CUSIP |
| CA Country | 1,864 Employees | 7 Mar 2019 Last Dividend | 28 Jul 2022 Last Split | - IPO Date |
Overview
McEwen Mining Inc. is a notable player in the mining industry, focusing on the exploration, development, production, and sale of gold and silver, with operations expanding across the United States, Canada, Mexico, and Argentina. The company, established in 1979 and initially known as US Gold Corporation, underwent a name change to McEwen Mining Inc. in January 2012, reflecting its expanded vision and operations. With its headquarters in Toronto, Canada, McEwen Mining demonstrates a robust portfolio that includes significant interest in various mines and projects, alongside exploration properties across its operational regions.
Products and Services
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Gold and Silver Mining
McEwen Mining's core business revolves around the exploration and production of precious metals, primarily gold and silver. Their active projects include the Gold Bar mine in Nevada, USA, which showcases their capability in gold extraction and processing, and the silver-gold El Gallo Project in Sinaloa, Mexico, demonstrating their versatility in mining operations. These projects highlight the company's commitment to supplying the market with valuable precious metals.
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Copper Exploration
Apart from gold and silver, McEwen Mining has ventured into copper exploration, seeking to diversify its mineral portfolio. The Los Azules Copper Project in San Juan, Argentina, is a testament to this endeavor, representing a significant interest of 47.7% by the company. This project illustrates McEwen Mining's strategic move towards becoming a multi-faceted mining entity.
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Mining Rights and Property Interests
McEwen Mining holds extensive mining rights and property interests, exemplified by its 100% interest in the Tonkin property and diverse projects in Ontario, Canada such as the Froome mine and the Grey Fox. In addition to these, the company maintains a 49% interest in the San José mine in Santa Cruz, Argentina, and investments in exploration properties in Nevada, Canada, Mexico, and Argentina, showcasing their strategic acquisition and management of mining assets.
