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The Biggest Gold Mine in the World is NOT in the Ground: Rob McEwen is Talking Hidden Treasures
$MUX
Hunting Hidden Treasures
Nov 22, 2022 #silver #gold #copper
We are Talking Hidden Treasures with the legendary Rob McEwen of McEwen Mining and McEwen Copper. Join our host, Robert Kientz, and learn about how Mr. McEwen was influenced as a teenager by his investment dealer father to become interested in gold and the mining industry, his success as founder and CEO of Goldcorp, what ultimately led him to McEwen Mining and the creation of McEwen Copper, and much more!
Follow the adventure at https://huntinghiddentreasures.com
00:00 – Intro and Teaser
01:21 - Getting started in the mining business
05:22 - Gold in the monetary system
07:21 - Stepping into the mining company CEO role
10:09 - Resistance to change in mining operations
12:18 - Separating from the pack
14:24 - Strategies for companies to combat the problem of silver cost
17:41 - Making Goldcorp something special
20:11 - The transition from Goldcorp to McEwen Mining
24:31 - McEwen Mining share structures
27:31 - Finding good mining projects
29:10 - Stories from the field, dangerous business
31:51 - What’s next for McEwen Mining
33:54 - Technological advances in mining
36:21 - How will technology change exploration
38:19 - Younger generation’s influence on the future of mining
#gold #silver #copper #HuntingHiddenTreasures
Mog’s Christmas Calamity~ Isn't this the time of the year the markets rally despite all the calamity in the world.
You know the Christmas everything rally :) Haha Hoho
~**~MUX Insider~**~ 1st eph. "Overlooked Videos"
Welcome to the debut edition of MUX Insider on IHUB.
Their is so much news coming out of both companies right now many videos get overlooked.
Here is some of them and also if anybody feels inclined to HELP mod this board it sure would be appreciated
Thanks
OK here we go..........
McEwen Copper: El Proyecto Los Azules inauguró sus oficinas en Calingasta (San Juan, Argentina)
CLUB MINERO (Energía+Minería)
92 subscribers
8 views Dec 7, 2022
Los Azules, uno de los proyectos de cobre más grandes del mundo (según el ranking de Mining Inteligence), inauguró sus oficinas de la sede de Calingasta, en San Juan.
$MUX Two top McEwen Mining execs step down
Cecilia Jamasmie | May 6, 2022 | 6:05 am Careers News Canada Copper Gold
Two of McEwen Mining top execs step down
The Los Azules copper project sits in the Andes Mountains at an elevation of 3,500 metres. Credit: McEwen Mining.
Canada’s McEwen Mining (TSX, NYSE: MUX) on Friday announced that two of its top suite executives were leaving the company for personal reasons.
Chief financial officer Anna Ladd-Kruger will retire to focus on her health and family, the company said. She will depart after reporting is complete and an “orderly transition” is in place.
Sign Up for the Copper Digest
Perry Y. Ing, former McEwen CFO who had the same role at Kirkland Lake Gold and Mountain Province Diamonds, will assume the post on an interim basis.
Chief operating officer Peter Mah is also stepping down for personal reasons effective June 3, McEwen said. His responsibilities will be assumed on an interim basis by William (Bill) Shaver, currently the company’s director.
The Toronto-based miner said that transition plans and a search for candidates for both roles are underway.
“The focus of the company going forward is on stabilizing its operations after a challenging period, divesting certain assets, and advancing our most significant value driver, the giant Los Azules copper project,” McEwen said in a statement.
https://www.mining.com/two-of-mcewen-mining-top-execs-step-down/
$MUX McEwen Mining lines up copper IPO as Argentina project advances
Right on wshaw14 ! Enjoying the ride too
Bloomberg News | December 7, 2022 | 12:38 pm Markets Top Companies Latin America Copper
Two of McEwen Mining top execs step down
The Los Azules copper project sits in the Andes Mountains at an elevation of 3,500 metres. Credit: McEwen Mining.
McEwen Mining Inc. is planning to take its copper unit public next year, seeking to capitalize on growing demand for the wiring metal.
The company run by metals entrepreneur Rob McEwen is preparing an initial public offering for its McEwen Copper business in the first half of 2023, according to Michael Meding, who leads the unit. The company operates in Los Azules, one of the world’s biggest underdeveloped copper deposits.
“These are exciting times to be in mining and in Argentina,” Meding, who was previously at Barrick Gold Corp., said in a phone interview, without providing further details. There’s been increased interest from prospective investors who previously were less active in mining, he said.
McEwen Copper, which landed Rio Tinto Group venture funding in a recent private placement, would go public at a time when copper demand is accelerating while the industry’s production pipeline is running dry. The global shift away from fossil fuels has spurred demand for the metal that goes into electric vehicles and solar panels.
The company currently has eight rigs doing exploration and resource drilling at the Los Azules property in Argentina’s San Juan province. Meding expects to apply for permits as early as mid-April to begin active mining and a feasibility study may be ready in 2024.
Argentina’s government has made efforts to develop more of its vast deposits of lithium and copper, and San Juan in particular is becoming a hot-spot. Lundin Mining Corp. is also drilling large deposits in Los Azules and Glencore Plc is accelerating feasibility work at its El Pachon project.
(By James Attwood)
https://www.mining.com/web/mcewen-mining-lines-up-copper-ipo-as-argentina-project-advances/
Yes, we have been having quite a few "nice days" lately.
McEwen Mining lines up copper IPO as Argentina project advances
https://www.mining.com/web/mcewen-mining-lines-up-copper-ipo-as-argentina-project-advances/
$MUX Running off the charts today Very Nice :)
I like these trading view charts
McEwen Mining Inc. Linkedin page
McEwen Mining Inc. 18,950 followers 1d •
1 day ago
December 6 is National Miners Day in the USA, a fitting time to reflect on how much miners provide to allow for our modern way of life. We may not realize but miners face the most challenging and hazardous working conditions.
We recognize and appreciate the hard work and dedication of miners. Our special thanks to our mining team in Nevada.
Happy National Miners Day!
#mining #team #work #thankyou
Ive never had a problem with viewing a chart like I have with mux. Each time I click on the message board, even when I click on a thread the chart info does not come up! Very strange incl all the regressive changes, imo, with ihub limiting financial data about the company without jumping through two to three hoops.
Jmho
Seems likely those who have buying knew when to enter in. Back when we were a $1 a share pre split I remember thinking “this is very low” but others knew better as they drove it down yet another 65%. Since the partnership with Rio Tinto it appears the “dogs have been called off” and in comes the buying. Maybe it was all timed out with the copper play who knows but at least we are still alive and have enough operating capital to keep the doors open. Its been a very tumultuous time and now it seems like we are destined to get back into the .60 area.
Cheers
$MUX bout to Break on Through Six. . . .
EOD buying
16:00:01..... 6..... 5.94 ...... 17937...... NYSE
A.H. trade PM leader
19:43:31.... t ..... 5.93...... 2700..... NDD
1 Week +15.42%
1 Month +53.49%
3 Months +96.04%
6 Months -7.62%
YTD -33.98%
Grey Fox - Gibson Target Area
Good Grades Near Surface, High Grade at Depth
https://www.mcewenmining.com/investor-relations/press-releases/press-release-details/2022/Good-Grades-Near-Surface-High-Grade-at-Depth/default.aspx
The Doors - Break On Through HQ (1967)
Keep on Banging it $MUX. . . .
Freddie Fat Fingers sells at close
16:00:02... 6... $5.45..... 681,061 NYSE
+5.83% Week
+52.23% 1 Month
+80.43% 3 Month
-15.43% 6 Month
-39.42% YTD
Keep on Banging
Good Grades Near Surface, High Grade at Depth
McEwen Mining
Mon, November 28, 2022 at 6:00 AM·8 min read
https://finance.yahoo.com/news/good-grades-near-surface-high-110000760.html
This thing tanks just as fast as it goes up!!
McEwen Mining's exploration program has identified four new gold veins in the Grey Fox area within the Fox Complex. Drilling results reveal significant gold mineralization in veins within sedimentary rocks, with good gold grades near surface and high-grade gold values encountered at depth.
#mining #exploration #drilling #gold $MUX
https://lnkd.in/gRH6t7Py
Copper’s biggest mystery is finally cracking
Bloomberg News | November 27, 2022 | 10:58 am Suppliers & Equipment USA Copper
Interview with Rob McEwen, Chief Owner and Chairman, McEwen Mining Inc. (NYSE: MUX, TSX: MUX): Discusses Outlook for Gold, Silver and Copper and his Goals for McEwen Mining $MUX
By Dr. Allen Alper, PhD Economic Geology and Petrology, Columbia University, NYC, USA
on 11/23/2022
We spoke with Rob McEwen, Chief Owner and Chairman of McEwen Mining Inc. (NYSE: MUX, TSX: MUX), a diversified gold, silver producer and explorer, focused on the Americas, with operating mines in Nevada, Canada and Argentina. In addition, owning 68% of McEwen Copper, which owns a 100% of the Los Azules copper project, in San Juan Province, Argentina and it owns 100% of the Elder Creek project, in Nevada, USA. Los Azules is located in one of the most significant copper districts globally and is considered to be the 9th largest, undeveloped copper project, in the world. According to the project’s Preliminary Economic Assessment (PEA), completed in 2017, during the first 10 years of the 36 years of operations, the project is anticipated to be one of the world's larger copper producers, with costs in the lowest quartile. Near-term plans include further metallurgical, geotechnical & hydrology programs and drilling to support an updated PEA, to be released in Q1, 2023, in preparation for an IPO in Q2, 2023.
Continues here>>>>> http://metalsnews.com/t1415720i
Old Elon gonna need alot of Copper for that new battery plant.
Hopefully he will buy $MUX Copper for $40 Billion or so . Hehe
Copper, copper, copper!!! The new gold! Would Elon ever become a player as he is in the works of building a battery plant in Texas?
Goldman sees support for global commodity prices from mid-2023
Reuters | November 23, 2022 | 7:32 am Intelligence Markets China Copper
Goldman sees support for global commodity prices from mid-20
The global economic environment will be more supportive for commodities in mid-2023 on expectations the dollar will ease, while China’s reopening from covid-19 curbs will boost risk appetite, a Goldman Sachs analyst said on Wednesday.
Prices of commodities from oil to metals have been pummeled by a strong US dollar this year as the Federal Reserves hiked interest rates aggressively to curb inflation.
Goldman expects the US central bank to pause its monetary tightening by the second quarter of next year, weighing on the greenback and providing some relief to commodity prices, Snowdown said.
“As we move into mid-2023, the environment will become much more supportive for commodities and copper in particular,” Nicholas Snowdon, metals strategist at Goldman Sachs told the CRU World Copper Conference Asia.
This year, the strong US dollar has been a key driver depressing copper price despite a deficit in metals supplies estimated at about 200,000 tonnes, Snowdon said. A strong dollar makes dollar-denominated commodities more expensive for holders of other currencies.
“We think that dollar strength has accounted for just over two-thirds of the move lower in copper price this year,” he added.
While the US economy is slowing, Goldman does not expect a recession in the world’s largest economy, Snowdon said.
China’s reopening from covid-19 restrictions will encourage investors to pump more money into risk assets even though it will provide just a small boost in actual copper consumption, he said.
“We think that the reopening itself will lend about half a percent to Chinese copper demand next year, but I think in terms of capital allocation into risk assets … the reopening will be a very positive increment,” he added.
(By Florence Tan, Emily Chow and Mai Nguyen; Editing by Ana Nicolaci da Costa)
https://www.mining.com/web/goldman-sees-support-for-global-commodity-prices-from-mid-2023/
Safety is key, not getting robbed is key, government cooperation is key…we need Rob to continue to keep the right people in place to insure success. While retaking .54 is a great start, it will be nice when we get back over $1. For new investors this is pre split not post….i want my shares back dammit!
McEwen Mining Inc. Our Gold Bar mining operation in Nevada has reached 1,000 days without a Lost Time Accident. It takes everybody on the team to make it happen. Thank you all for your dedication to safety!
#mining #team #safety #thankyou $MUX
Rob needs to find a large coal deposit in the next two years.
That way they can play both sides of the anti-carbon establishment. Vs carbon establishment coin.
That seems to change every 4 to 8 years.
If only I could make this stuff up....Whew
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=170480930
Give it until Monday afternoon, lately Mux resurfaces like a buoy tied to a minnow.
“They” can only lie cheat and steal their way into MUX for so long, after a while their game is exposed. The fact that they have held gold down for so long to keep investor’s from fleeing to it is a bit concerning but that will all change and unfortunately most likely in a flash. Will MUX shine, I think so.
Whelp so much for the green mining environment the old gas guzzler back on the ticket.Maybe MUX can discover some coal somewhere.
Hard to keep this stock down. We are in a new arena since Rio Tinto subsidiary partnered with Rob. Wierd how things magically change after we are “justified” by a large miner.
$MUX McEwen Mining Inc.Congratulations to our team at the Fox Complex, in Canada, where Q3 has marked surpassing 1 million ounces of gold production from the Black Fox property and a cash cost per ounce of $774, the lowest since mid-2018 and well below the industry average.
#mining #gold #production #team $MUX Linkedin page
Thank goodness. "“This year has been much better than the previous three!" Finally things are starting to look better.
JD I missed the conference call but judging by the MC increase is must of been good! Any highlights?
TIA
Another .03 start on the back of one on Friday….? To what do we owe the honor to heir Market Maker?
Maybe “missing” is good after all, who knew?
$MUX McEwen Mining: Q3 2022 Results
November 7, 2022
TORONTO, Nov. 07, 2022 (GLOBE NEWSWIRE) -- McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) reports its third quarter (Q3) results for the period ended September 30th, 2022.
“This year has been much better than the previous three! While we still have issues to resolve, such as increasing our treasury by producing more ounces at a lower cost, we can clearly see a brighter future. At the Fox Complex, where we have had a history of high operating cost/oz we are making good progress reducing our cost. I am pleased to say that in Q3 our cash cost/oz at Fox fell to $774, our lowest since mid-2018. This is well below the industry average. Our next important area to improve at Fox is the process plant (mill). Specifically, we need to increase the throughput because our mine is now producing more ore than our mill can process. As a result, we have a large surface stockpile of ore equivalent to more than two months of production.
At Gold Bar, we are looking forward to starting to mine our Gold Bar South (GBS) deposit this quarter. We are expecting to have a much lower cost/oz than our YTD cost because we will be mining higher grade ore at GBS, with half the strip ratio and no problematic carbonaceous material.
In Mexico, we recently acquired a complete process plant on very advantageous terms that will help significantly reduced projected capital requirements for our Fenix project. This acquisition has made Fenix more attractive to build and could provide a new long life mine for McEwen Mining.
The San José mine, where we have a 49% interest, put in a strong quarter and its exploration is continuing to extend its high-grade veins and discover new veins.
We completed an $82 million financing for McEwen Copper in a very tough equity market. Rio Tinto, the second largest mining company in the world, through its subsidiary Nuton, now owns 9.7% of McEwen Copper, as a result of its investment of $25M. Also, Nuton is testing the Los Azules copper mineralization to see if it can accelerate and increase copper recoveries. Another of Rio Tinto’s subsidiaries, Kennecott Exploration, signed an option to earn 60% interest in McEwen Copper’s other copper project, Elder Creek, by spending $18 million on exploration. Elder Creek is located in Nevada.
In July our shares outstanding underwent a 10 for 1 consolidation. This was an unfortunate but necessary action done to protect our listing on the NYSE, which is our principal exchange and where our trading volume is the highest.
Production guidance for 2023 is 150,000 to 170,000 gold equivalent ounces (GEOs).
Later in this release I will explain why I believe MUX is an attractive investment” said Rob McEwen, Chairman and Chief Owner.
A webcast will be held on Monday, Nov 7 th at 11:00 am EST . Management will discuss our Q3 financial results and project developments and follow with a question-and-answer session. Questions can be asked directly by participants over the phone during the webcast.
Monday
November 7 th , 2022 11:00 am EST
Webcast URL:
https://events.q4inc.com/attendee/303339246
Call into the conference over the phone:
Please register here:
https://conferencingportals.com/event/ZSafhHZi
Complete Report here>>>>>
https://www.mcewenmining.com/investor-relations/press-releases/press-release-details/2022/McEwen-Mining-Q3-2022-Results/default.aspx
See you at the C C
And to think we achieved a .03 into “missed” earnings! Lol I agree 10x bagger on copper alone.
McEwen (MUX) Reports Q3 Loss, Misses Revenue Estimates
Zacks Equity Research
Fri, November 4, 2022 at 3:55 PM·3 min read
In this article:
MUX
+11.25%
McEwen (MUX) came out with a quarterly loss of $0.21 per share versus the Zacks Consensus Estimate of a loss of $0.37. This compares to loss of $0.40 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 43.24%. A quarter ago, it was expected that this gold and silver mining company would post a loss of $0.20 per share when it actually produced a loss of $0.26, delivering a surprise of -30%.
Over the last four quarters, the company has surpassed consensus EPS estimates just once.
McEwen , which belongs to the Zacks Mining - Miscellaneous industry, posted revenues of $25.99 million for the quarter ended September 2022, missing the Zacks Consensus Estimate by 13.08%. This compares to year-ago revenues of $37.13 million. The company has topped consensus revenue estimates just once over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
McEwen shares have lost about 62.9% since the beginning of the year versus the S&P 500's decline of -22%.
What's Next for McEwen?
While McEwen has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for McEwen: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is -$0.30 on $39 million in revenues for the coming quarter and -$1.25 on $132.85 million in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Mining - Miscellaneous is currently in the bottom 39% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
https://finance.yahoo.com/news/mcewen-mux-reports-q3-loss-225510617.html
Oh Good ole Zacks
Thanks Tred I'm hoping that 3.23 was it, Jesus $MUX
AM-PM Roundup Gold price sharply up after "Goldilocks" U.S. jobs report
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=170369369
Thanks JD, this VP sounds real experienced! Glad to have him onboard and motivated to move our copper play forward.
OAN crazy how gold is getting crushed! $1600ish with the wheels coming off the printing machine.
$MUX MCEWEN MINING: Q3 2022 Results and Webcast
November 2, 2022
Download this Press Release PDF Format (opens in new window)
TORONTO, Nov. 02, 2022 (GLOBE NEWSWIRE) -- McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) will report Q3 2022 operating and financial results after the market closes on Friday, November 4th, 2022. We invite you to join our conference call on Monday, November 7th, 2022, from 11:00 am EST, where management will discuss our Q3 2022 financial results and project developments and follow with a question-and-answer session. Questions can be asked directly by participants over the phone during the webcast.
The webcast will be archived on McEwen Mining’s website at https://www.mcewenmining.com/media following the call.
https://www.mcewenmining.com/investor-relations/press-releases/press-release-details/2022/MCEWEN-MINING-Q3-2022-Results-and-Webcast/default.aspx
(Update) Los Azules, part of McEwen Copper and the McEwen Mining group, had an early start into this drilling season and is beginning to deliver drilling results!
In 23 days, while still scaling up and mobilizing drills in addition to the 6 already on site, we drilled the first 2,200 meters. 3 drill holes are already completed.
Split core from this fantastic deposit is on its way to the lab for geochemical analysis.
Los Azules is considered one of the top 10 worldwide undeveloped copper projects measured by resource according to Mining Intelligence.
Now showing on McEwen Mining Linkedin page
$MUX McEwen Copper Vice President Michael Meding interview with Kitco Metals Inc.'s Michael Allan McCrae, MBA CMA:
Big Mines Require Big Capex, but McEwen Copper Believes It Has a Way Around
0:20 - What makes the Los Azules project stand alone
2:40 - Work done to date
6:40 - Testing Rio Tinto's Nuton heap leach technology
8:34 - Situation of water for the project
11:10 - Milestones over the next 12 months
#mining #drilling #copper #argentina #project #technology #IPO
4:22 / 13:05
Big mines require big capex, but McEwen Copper believes it has a way around
Investing in Copper as Global Uncertainty Rises
Priscila Barrera
Oct. 26, 2022 01:55PM PST
Copper Investing
Is now a good time to invest in copper? Experts share their thoughts on how they're approaching the market amid global uncertainty
Copper has been under pressure in 2022, shedding over 22 percent on the back of weaker demand and macro worries.
The base metal, often used as a key indicator of economic health, kicked off the year trading at US$9,720.50 per metric ton and moved its way up to an all-time high of US$10,674; prices have since fallen and are currently hovering around US$7,500.
But even as macro factors affect the sector, experts still believe there are profits to be made in copper.
Copper under pressure from macro worries
Increased global uncertainty brought on by issues like inflation, recession fears and the outbreak of the Russia-Ukraine war have hit copper, and the commodity has also seen demand retreat in major consumer country China.
China’s property market is a key driver for copper demand as copper is primarily used in construction. But worries over China's economic growth and its COVID-19 lockdown measures have cast doubts over what may be ahead for copper.
In the short term, Robert Edwards of CRU Group told the Investing News Network (INN) that he is still concerned about Chinese residential real estate. “But copper demand is benefiting from end uses related to the green energy transition, such as electric vehicles and renewables, along with exports of wire and cable and some copper semi-fabricated products,” he said.
Most analysts agree that the long-term perspectives for copper look bright, with its important role in the shift toward green energy being seen as an opportunity for investors.
“Copper for us — and I’d say it should be for most investors — is a long-term theme, so we’re not chasing anything in haste, and at the same time, we're always looking for new stories,” Paola Rojas of Synergy Resource Capital told INN.
For Rojas, there are myriad reasons to be bullish on copper long term. Aside from its many uses in industry, a significant portion of the batteries fueling the energy transition are made of copper. “This part of the market is poised to grow exponentially, so much that I believe it will change it in ways we can’t even foresee yet. It is already a big market — the third metal market after iron and aluminum — and elephants move slowly, so this will be a challenge,” she said.
At the same time, on the supply side, there are multiple challenges facing copper that could make investing in the metal more attractive. These include declining copper inventories, a lack of new discoveries and low investment; over the last several years there has also been a steady fall in output from Chile, the world largest copper producer.
“In this volatile environment we are keeping positions in our highest-conviction names, while adding selectively more producers, especially those with high dividend yields, such as BHP ASX:BHP,LSE:BHP,NYSE:BHP, Rio Tinto ASX:RIO,LSE:RIO,NYSE:RIO and stellar juniors,” Rojas said when explaining her firm's strategy.
How to invest in copper in uncertain times
For Rojas, both jurisdiction and where an asset is in the mining lifecycle are crucial in managing expectations.
“Copper is found all over the world, sometimes in a complex country or region. When investing, this is key: If you want access to hidden gems while unlocking their full potential, you need to get comfortable with some risk and long-term thinking,” she said.
In the case of copper, for Rojas, the Pacific Rim is "ground zero," making it a good place for everyone to start. For Synergy Resource Capital, the Americas, especially South America, remain a favorite copper destination.
“There is still so much untapped potential, and these opportunities are still so undervalued that so much upside remains up for grabs,” she explained to INN, adding that her firm is also looking more closely at Australia.
And while majors are of interest, Rojas said there’s still a lot of value in copper junior miners. “Many companies are trading at 52 week lows, which is a great entry opportunity, as long as you plan to enter and stay the course for awhile,” she commented.
Some of the small caps Rojas sees getting into interesting places include McEwen Mining TSX:MUX,NYSE:$MUX, Filo Mining TSXV:FILO,OTCQX:FLMMF, Hot Chili ASX:HCH,OTCQX:HHLKF, Infinitum Copper TSXV:INFI,OTCQB:INUMF, Aldebaran Resources TSXV:ALDE,OTCQX:ADBRF, Los Cerros ASX:LCL, Surge Copper TSXV:SURG,OTCQX:SRGXF and Marimaca Copper TSX:MARI.
“Additionally, there’s stunning discoveries sitting in unconventional places, such as a secondary copper asset in a gold or silver explorer,” Rojas said. “You can get some great exposure virtually for free, getting more granular and looking at their portfolios.” In her opinion, AbraSilver Resources (TSXV:ABRA,OTCQX:ABBRF) is one example of that with its new La Coipita project.
Giving her best suggestion for looking at copper in today's market, Rojas said she believes investors can invest anywhere provided they fully understand the jurisdiction, and can de-risk the intrinsic issues with their own experience or resources.
“What can you do, at your level, due to your specific advantages, knowledge or connections, that give you an edge? That’s different for everyone. For us, this is the Americas and Australia,” she said. “Additionally, price still matters, so any additions must be at a price that feels undervalued … and don’t try to catch absolute bottoms, which is a stressful and losing game.”
For copper specifically, Rojas pointed out that after a great run last year, pricing has weakened, but a shift is coming and investors should get positioned to benefit.
“Finding and building these mines takes millions, years (or decades) and more investment needs to flow if we want to have a healthy pipeline,” she said. “Now, this doesn’t mean you have to keep your position for decades (although you could), but a minimum horizon of five to seven years is ideal.”
Don’t forget to follow us @INN_Resource for real-time news updates!
Now showing on McEwen Copper Linkedin page
https://investingnews.com/investing-copper-global-uncertainty/
$MUX Global Business Reports (GBR) Interview with Robert McEwen , Executive Chairman & Chief Owner of McEwen Mining Inc. and Michael Meding, Vice President & General Manager of McEwen Copper.
In this interview, management talks about:
- How Los Azules ranks amongst copper projects
- The decision to spin out McEwen Copper
- Rio Tinto’s Nuton investment in Los Azules
- How the project's jurisdiction qualifies for mine development
- The investment opportunity through the upcoming IPO.
#mining #copper #project #technology #investment #IPO
MUX linkedin page
==================================================
Rob McEwen & Michael Meding EXECUTIVE CHAIRMAN & CHIEF OWNER (RM), VICE PRESIDENT & GENERAL MANAGER (MM), MCEWEN COPPER, MCEWEN MINING
Mining
Canada
October 28, 2022
Where does Los Azules rank in the list of undeveloped copper projects, and how does it compare to other copper projects in San Juan, Argentina?
RM: Los Azules is the ninth largest undeveloped copper deposit in the world, and within McEwen Mining, it represents the largest value and greatest excitement in our portfolio of assets. In contrast to two other projects in San Juan province, Filo del Sol and Josemaria, we are at a relatively low elevation of 3,100-3,600 m. In addition, our published estimated copper resources and copper grade are 2-3 times higher, and we are in closer distance to infrastructure, power grid and roads. The combination of these factors projects Los Azules in the lowest cost quartile of copper producers.
What prompted the decision to spin out McEwen Copper?
RM: The market has shown a preference for pure plays. Therefore, we made the decision to split out McEwen Copper. For 2023, we will complete an updated PEA in the first quarter, and in the first half, we plan to go public. This will help us establish a market value that we can show on our balance sheet accurately reflecting the quality of our Los Azules asset.
Can you tell us about the recently signed investment from Rio Tinto’s Nuton group?
RM: We were looking into how to best process Los Azules’ ore while consuming the least amount of water. We started thinking about heap leach rather than having a milling scenario, which is very heavy in water usage. Nuton claims to have a heap leach process that has a faster recovery, at a rate closer to that of a mill. As they were working with us, they took notice of Los Azules and expressed their interest in investing in it.
Why is San Juan province a reasonably good jurisdiction to develop a mine, and how do you assuage investor concerns over risk surrounding Argentina?
MM: In Argentina, it is essential to have the right team, with the right connections, level of resilience and persistence to conduct business. What has happened in Peru and Chile is that those governments have shifted in a direction that makes risk incalculable. I think San Juan province in Argentina is analogous to Nevada in the US, where there is a good environment to conduct mining business. Yes, a lot of things are regulated by the nation. You have to deal with central bank regulation, and a lot of the taxation comes from Buenos Aires, but with the right support from the government, which wants to do projects, things can be very positive going forward.
How would you characterize the opportunity for investors subscribing to McEwen Copper’s IPO?
MM: We want to build a mine that is conscious of the environment and financeable. Putting significant capital into countries is difficult, especially if there is uncertainty around political risks. Therefore, we want to limit investors’ capital exposure, even though the resource base will allow Los Azules to be a multi-generational mine. Consequently, we developed a strategy to build a mine that is relatively small but scalable. We are talking about a mine that can produce 100,000 to 200,000 t/y of copper cathodes. That means that at today's prices, you would have somewhere between US$700 million to US$1.4 billion of sales, depending on the copper price. That is a significant operation already, but from there we can decide if we have sufficient data and confidence in technologies such as Nuton, that allow for primary copper leaching, or if we need to put in a mill. When you go to a bank to get funding for an expansion it is a totally different story if you already have an operation. Therefore, the idea is to be quick through the permitting process and to be shovel ready. This will allow investors to better assess the risk level they are willing to accept. We are going to finish our economic assessment update by Q1 2023, and this will form the basis of us going public in the first half of 2023.
https://www.gbreports.com/interview/rob-mcewen-michael-meding
Man oh man Im getting whiplash watching this stock go up and down so differently day over day. At least we are able to stay above .33 for the most part.
$MUX McEwen Copper 1,251 meters drilled so far in the first 15 days of the 2022-2023 campaign of the Los Azules project; 28 meters per day, ahead of our expectations and despite a one-in-ten-year snow event!
We have 29 platforms ready to go for 32 drill holes. We are prepared!
Last year at this date the drilling campaign was not yet commenced, and today we have 3 fully staffed specialized drilling teams working on the ground.
Another 3 drills are finishing their installation (from Boart Longyear and ConoSur Drilling S.A.) and we are waiting on our local drilling partner from San Juan (HG Perforaciones) to mobilize as well.
McEwen Copper, part of the McEwen Mining Inc. group, is one of the first companies to explore this season in the Andes, at the border with Chile.
This would not be possible without the environmental specialists, technicians, geologists, as well as all the logistics and security necessary to help us operate safely at the site.
In the last 9 months we have built a strong and experienced leadership team and we continue to push the safe development of our project towards feasibility.
We count on the support of the authorities, our shareholders, but above all our families, who drive us to work for a better and greener world, in which copper plays a critical role.
This is how we see our work for Los Azules, one of the ten most important undeveloped copper porphyries in the world according to the Canadian publication Mining Intelligence.
McEwen Copper Linkedlin page
This stock follows the DOW right to the tee everyday!!
Either way we shake it out we are stuck at a ridiculously low .33 per share, pathetic.
$MUX McEwen Copper -We started mobilization at Los Azules. On Monday and Tuesday, management did an inspection visit, and on Wednesday, the first convoys of Foraco Argentina S.A. delivered drills and equipment to the site. We are using the Los Azules camp, and the Embarrada camp will be operational within approximately ten days.
There has been significant snow this year, comparable with the last big snow event from 10 years ago. The exploration road is fully accessible and has significantly improved with switchbacks, widened curves and widened roads, and better surfaces. Daytime temperature approx. 5-10 degrees above zero, and the nighttime temperature at 05:30 am was 6 degrees Celsius below zero.
We are prepared to receive drills, with 15 drill platforms for 21 holes ready for resource drilling; deep hole targets will be prepared shortly after that. Drilling should start next week, with three drills from Foraco. ?
The photo shows Wednesday's mobilization with three drills. Shortly after that, we expect additional drills from other contractors, including drills for deep exploration drilling in areas that have shown interesting high-grade results in the past. Which we will test this drilling campaign.
Exciting times to be in mining, even more so on copper projects of this size!
Now showing on Michael Meding Vice President Copper Linkedin page
https://www.linkedin.com/feed/update/urn:li:activity:6983838000174546944/
Impressive Pic of truck and drill convoy
$MUX Rob McEwen Inside the Markets: I Still See a Significantly Higher Price for Gold Coming
StockPulse
Oct 4, 2022
In this episode of Inside the Markets, StockPulse.com sits down with Rob McEwen, Chief Owner of McEwen Mining and founder and former CEO of Goldcorp. Don’t miss Mr. McEwen’s take on the current economy, precious metal prices, the supply chain, and junior mining companies. Mr. McEwen also talks in depth about his new copper company McEwen Copper.
This episode is sponsored by Golden Arrow Resources.
00:00 - Intro and Teaser
01:55 - Overview of the current economy
03:26 - Near term economic environment
06:11 - Precious metal prices
07:51 - Resource stock prices
10:02 - McEwen Mining and McEwen Copper
18:33 - What’s going to fix the mining sector?
20:46 - The importance of the junior mining sector
23:16 - Carbon neutrality
24:13 – The economics of carbon neutrality
25:38 – Why investors should pay attention to McEwen Mining
27:47 – Closing remarks, and McEwen Mining information
Topics Discussed: economy, stimulus, inflation, interest rates, the Fed, gold prices, silver prices, precious metals, deflation, real estate, supply chain, commodities, cost of living, the dollar, junior mining, stock portfolios, McEwen Copper, energy
WooHooo! We are back to .37 cents per share…..pre split!
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