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No, not a fan at all of people who "loan" money to their own companies at 9.75% interest with an upfront load of 3.75%
Especially when it's 50Million.
https://www.mcewenmining.com/investor-relations/press-releases/press-release-details/2020/McEwen-Mining-Closes-the-Refinancing-of-Its-50-Million-Debt/default.aspx
And yes, it is my opinion that.... that is BILKING.,
That type of monthly "interest" payment is a HUGE weight on any share price appreciation. Especially here. Look at the 3 year chart.
Then to raise money for a separate entity that will be SPUN off. If they can even make it happen. 40million more.
That's my take - no more responses from me.
Happy Holidays.
Loaded up with more yesterday at .90!!!
Lol, I take it you are not a fan? We are all entitled to our own opinions, but please show me an instance of "PARASITE " or "bilking". I think most people here know where Rob McEwen made most of his money. Mcewen mining made a misstep with the Goldbar and nobody is happy about it, but things like that do happen.
GDXJ only has 40 ticks left and MUX has less than 1 tick left.
I don't see how they will combat the feds high dollar spending for another year.
IMO at some point soon if things don't change Mux will lose it's NYSE listing and have to go to the OTC .
At this point I seriously doubt the new copper listing will even happen at all.
Not selling a share but have classified my investment here a loss which I will write off for taxes next year. So not a total loss.
Thats where I'm at, very sad
How bout you guys
What do you think
What a POS company run by a PARASITE who has made all of his money bilking shareholders. He along with "SPROTT" the same kind of PARASITE. All the while loaning money to the companies at Loan Shark Interest - screwing their shareholders every damn time. There are always enough GULLIBLE shareholders though... count me as another who has been scammed by these SLIME BALLS.
I've given this shit company several attempts... hoping that they would have changed - but NO, still the same shit company it has always been.
11/29/2021 Presentation https://s21.q4cdn.com/390685383/files/doc_presentations/mcewen_presentation.pdf
Yeah, I would trust them????? NOT
Very interesting, thanks. Glad to see McEwin is moving towards cleaner methods instead of raping n pillaging the country side and then leaving. Mining and oil n gas has historically left a black mark where ever they have landed imo.
Making Mining Cool for the Next Generation
The Northern Miner
2021 Q4 Global Mining Symposium | NOVEMBER 18, 2021
Dr. Erin R. Bobicki, Associate Professor, University of Alberta
Siri C. Genik, Principal and Founder, Bridge
Rob McEwen, Chairman and Chief Owner, McEwen Mining
Might as well BUY a few Shares of (WTER) Stock ALK88 Water too.. SHAQ is now brand Ambassador & Board Member ..Advertising (TIME SQUARE ) through Holiday seasons ...NBA Season starts T.V. Ads on Prime time ..
I know it's off topic of (MUX ) but could become Target Acquisition later on. Just thought I would Share with you GUYs & GALs something that could also be life changing Value ...
I still Own Shares of good "Ole" $$ (MUX ) Long Term too..
Only trying to be Helpful during these crazy Years .
Hope everyone had a great thanksgiving .
Peru Softens Stance on Mining Permits That Rattled Sector
By Reuters
|
Nov. 24, 2021, at 2:07 p.m.
U.S. News & World Report
Peru Softens Stance on Mining Permits That Rattled Sector
More
Reuters
FILE PHOTO: Pedro Castillo, president of Peru, arrives for the 76th Session of the U.N. General Assembly in New York City, U.S., September 21, 2021. John Minchillo/Pool via REUTERSReuters
By Marco Aquino
LIMA (Reuters) -Peru's government said on Wednesday that mining companies could seek permission to extend operations, a notable shift in stance after officials had appeared to rule out extensions for some key mines over environmental concerns, rattling industry advocates.
The Andean country's leftist President Pedro Castillo is seeking to shake up the mining sector after pledging to redistribute mineral profits more evenly and empower indigenous groups and farming communities.
In what was the government's toughest move yet, Prime Minister Mirtha Vasquez last week said it would not approve extensions for four mines, including London-listed Hochschild Mining's flagship Inmaculada silver project.
On Wednesday, it appeared to soften that stance after talks this week with industry leaders. Mining operators play a major role in the economy of the world's No. 2 producer of copper and silver.
Political Cartoons on World Leaders
"Mining companies can request extensions and modifications to their permits to explore and exploit in strict adherence to current regulations," the government said in a statement. It did not name Hochschild specifically.
Hochschild's shares had sunk by as much as 57% on Monday, before recouping some of those losses to end down 27%. It fell a further 4.5% on Tuesday before gaining 6.6% on Wednesday.
Vasquez said in a tweet after the announcement that the government would still make the final call on any extensions.
"The government respects the rule of law, there is no violation of legal security or unilateral closures," she said.
"But the State does assume the function of supervising the processes of mine closures and environmental control, according to the law," she added.
Earlier this week, the government and the National Society of Mining, Energy and Oil held "productive" talks, though no specific agreements were announced. On Wednesday, the industry body called the government statement "a positive measure."
"It is urgent to seek consensus and build the necessary trust between the state, the private sector and civil society to guarantee the development of a modern, socially and environmentally responsible mining sector," it said.
Communities in Peru have long protested against mining operations in the country, saying that the mines pollute local water sources and can impact farming.
<^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
Hochschild: Trouble in Peru
https://www.usnews.com/news/world/articles/2021-11-24/perus-government-softens-stance-on-mining-permits
-------------
More on whats going on over there
Peru's Socialist President Pedro Castillo Looking Risky For Mining Firms
Doing a little DD on "El Profe" ('The Teacher')
RECORD High Prices
Top copper producer Chile is also debating whether to hike royalties on miners and has begun a process to overhaul its constitution.
That uncertainty is supporting global copper prices, which have hit record highs as Chinese demand bounces back, while a rapid push towards electric vehicles should boost appetite for copper in years ahead.
Several other miners in Peru could face fresh talks with Peru’s government if Castillo wins on Sunday, the data shows.
The Constancia copper mine, operated by Canada’s Hudbay Minerals, holds a tax deal set to expire in 2031.
The Cerro Verde Mine, controlled by Freeport McMoRan, and Glencore’s Minera Antapaccay hold similar deals through the end of 2028.
https://www.aljazeera.com/economy/2021/6/2/perus-presidential-front-runner-is-a-business-risk-for-mining
Certarus - Low Carbon Energy Solutions
https://www.canadianmanufacturing.com/manufacturing/certarus-and-mcewan-to-provide-cleaner-energy-solutions-in-mining-projects-275956/
Certarus and McEwan to provide cleaner energy solutions in mining projects
Grabbed a little over 12k shares this week and feel good about the coming weeks/months
Peru miners, govt carry out 'productive' talks following Hochschild stock collapse
Hochschild update
https://www.nasdaq.com/articles/analyst-favorites%3A-mcewen-mining-ranks-as-a-top-metals-pick
Analyst Favorites: McEwen Mining Ranks As a Top Metals Pick
This is why I concentrate in the USA and Canada.
Is stock EVER going to go north?!!!!!!
Hochschild shares fall again despite 'productive' Peru mining talks
Terrible Tuesday Begins, Good Morning
Options expiry on the Crimex today.
Reuters
LIMA, Nov 23 (Reuters) - Shares of Hochschild Mining (HOCM.L) were down around 8% on Tuesday, after collapsing 27% a day earlier after Peru's government indicated that it would not approve operational extensions for its flagship Inmaculada silver mine.
The slide continued despite a crunch meeting late on Monday between the government and the powerful National Society of Mining, Energy and Oil, which both sides said had been "very productive." read more
Peru's prime minister, Mirtha Vasquez, sparked anger in the sector and triggered the Hochschild sell-off when she said on Friday that several mines would not be granted further operational extensions due to environmental concerns.
Reuters Graphics
Reuters Graphics
Leftist President Pedro Castillo is looking to shake up the Andean nation's huge mining sector after pledging to redistribute mineral profits more evenly and empower local indigenous groups and farming communities.
His government has tried to strike a balance between community demands and encouraging mining operations, key for growth in the world's No. 2 producer of copper and silver.
Hochschild's shares had plummeted as much as 57% on Monday, before recouping some losses, but it was still the worst trading day ever for the London-listed miner's shares.
Amid uncertainty in the sector, Peru's vice minister of mines has also appeared to leave room open for a reprieve, saying that the "door is not closed" and that mining firms could present their cases for extension.
https://www.reuters.com/markets/us/hochschild-shares-fall-again-despite-productive-peru-mining-talks-2021-11-23/
McEwen Mining: Q3 2021 Results TORONTO, November 3
The following excerpt is from the company's SEC filing.
, 2021
- McEwen Mining Inc. NYSE: $MUX TSX: MUX
today reported its third quarter (\
) results for the period ended September 30
,
2021.
We continue to execute our turnaround strategy
and have made significant progress both from an operational and a financial perspective (see
Tables 1-3
below).
We expect this
trend to continue with the ongoing production ramp-up from the Froome deposit at the Fox Complex.
Our operations delivered production results
in line with our expectations
, and we are on track to meet our 2021 production guidance of
141,000 to 160,400 GEOs
Cas h and liquid assets
and
working capital
at September 30
,
2021 were
$72.7 million
and positive
$45.8 million
,
respectively, including $40 million of cash raised by our McEwen Copper subsidiary to advance the Los Azules project.
Continued to aggressively invest $6.2 million
in exploration and $4 million in advanced projects,
primarily focused on the Fox Complex.
These investments in our future growth and profitability
accounted for a large part of our reported net loss of
$17.4 million,
($0.04)
per share, compared to a net loss of $9.8
million, or ($0.02) per share in Q3 2020.
Commercial production at the Froome deposit
was reached
on September 19
. Froome is the newest production area at the Fox Complex
and
has several advantages compared to Black Fox mine, such as a straighter, shorter, and more efficient underground haulage route, and wider
more consistent mineralization that is amenable to lower-cost bulk mining methods.
Results of the Fox Complex Expansion PEA are
expected by the end of Q4 2021
. The study will incorporate the 2021 exploration and resource definition drilling results and will
highlight the exciting development plans for the Grey Fox and Stock deposits.
Our quarterly webcast will take place on Thursday,
November 4
at 2 pm EDT
. Please see the details further below.
Table 1.
Production and costs
Q3 & Nine Months Ended
September 30
(9M), 2021,
compared to Q3 & 9M 2020.
2021
vs. 2020
Production
(GEOs)
Cash
Costs
($/GEO)
%
Increase (+) or Decrease (-)
Gold
Bar Mine, Nevada
Fox
Complex, Canada
San
José Mine, Argentina
Table 2.
Liquidity on
and December 31
, 2020.
(Millions
of Dollars)
Q3 2021 ended
Sep. 30
Q4 2020 ended
Dec 31
Cash and cash equivalents
Liquid assets
Working capital
Debt principal
Table 3.
Financial results
Q3 & 9M 2021,
compared
to Q3 & 9M 2020.
(Millions of Dollars)
Revenue
Cash gross profit (loss)
Gross profit (loss)
Net loss
(128.8
(Dollars)
Net loss per share
Operations Update
Gold Bar Mine, USA (100% Interest)
Gold Bar
production for Q3 and 9M was
better, respectively, compared to Q3 and 9M 2020. While cash costs
and
all-in sustaining costs (AISC)
for the 9M period dropped by
, respectively, compared to 9M 2020.
12,400
GEOs
were produced in Q3 at total cash costs and AISC of
$1,553
$1,618
per
GEO sold, respectively. This compares to 6,800 GEOs in Q3 2020 at total cash costs and AISC of
$1,585
$1,769
per
GEO, respectively.
was positively impacted by less capital investment in processing
equipment in 2021 versus 2020.
Exploration
is focusing on near-mine targets and further defining oxide resources on the neighboring Tonkin property that could potentially be processed
at Gold Bar. During the quarter, we incurred exploration expenses of $1 million. Encouraging results at the Tonkin Rooster deposit included
drill intercepts up to
1.0 g/t
gold over
57.9 m
and a cyanide solubility
of 74% and
3.2 g/t
gold
over
38.1 m
(including
14.7 g/t
) with an 11% cyanide solubility that occur within a complex structural
framework. An ongoing program of remapping, relogging historic drill holes and producing an updated geologic model by year-end will establish
a basis for continued exploration at the Tonkin Property in 2022.
Fox Complex, Canada
(100% Interest)
Fox production
for Q3 and 9M was
better, respectively, compared to Q3 and 9M 2020. Cash costs and AISC for the 9M period both
dropped by
, compared 9M 2020.
$1,154
$1,423
per
GEO sold, respectively. This compares to 5,800 GEOs in Q3 2020 at total cash costs and AISC of
$1,581
$1,644
per GEO, respectively.
The increase in production and the corresponding decrease in costs
were attributed to improved efficiencies realized from production at the Froome deposit. In September, commercial production was achieved
at Froome, three months ahead of schedule. Mining from Froome is expected to bridge production while the Grey Fox and Stock projects will
be advanced in the production pipeline.
At the Stock property, we see the opportunity
to further expand the Stock West footprint beyond the grade-thickness contours shown below (see
Figure 1
). Of particular interest
is hole S21-202, which returned
4.4 g/t
21.0 m
estimated true width, 200 m above hole S19-95, which returned
27.2
g/t
. These holes are located at the projected intersection of the Stock West shallow eastern plunge and the
historically steep Stock Mine plunge, and they command further drilling in 2022.
Figure 1. Longitudinal section of Stock West
and Stock Mine profiling hole S21-202 intercept
https://mcewenmining.com/files/doc_news/archive/2021/20211103_Fig_1.pdf
We remain focused on our principal exploration
goal of cost-effectively discovering and extending gold deposits adjacent to our existing operations to contribute to near-term gold production
growth. During the quarter, we incurred exploration expenses of
$4.2 million
in relation to this program.
The Preliminary Economic Assessment (PEA) for
the Fox Complex expansion will be released later this quarter. It is based on the Grey Fox, Froome, Stock, and Fuller resources, which
are envisioned to be mined and then processed at an upgraded centralized mill at Stock. The objective of the PEA is to outline a low-cost,
near-term business case that increases production and mine life for the Fox Complex.
San José Mine, Argentina (49% Interest)
attributable
production
for Q3 and 9M was
better, respectively, compared to Q3 and 9M 2020. While cash
costs and AISC for the 9M period dropped by
, respectively, compared 9M 2020.
Attributable production
was
10,800
gold ounces and
790,000
silver ounces, for a total of
21,600
.
For Q3, total cash costs and AISC were
$1,100
$1,466
per GEO sold, respectively.
This
compares to 15,900 GEOs in Q3 2020 at total cash costs and AISC of
$1,269
$1,538
In 2021, we have received $10 million in dividends
from our interest in San José.
Exploration drilling in the mine area at San José
returned encouraging results including:
44.4 g/t
gold in the Betania vein,
1.9 m
14.5 g/t
gold
and
342 g/t
silver in the Jimena vein, and
4.3 m
14.9 g/t
gold and
1,381 g/t
silver in the Amelia vein.
Activity
at McEwen Copper’s Los Azules project is moving ahead quickly. The exploration road has been reopened, three work camp sites have
been established, an expanded local labor force and preparations are underway for starting a 10-drill, 174,000-foot (53,000 m) drilling
program. Drilling will focus on conversion of Inferred mineral resources to the Indicated category, as well as deeper exploration targets,
where drilling ended in strong copper mineralization. Drills are expected to turn towards the end of November and continue through
the end of Q2 2022.
Construction
of the new access road for providing the necessary year-round access to the project is advancing as planned. As part of our ongoing involvement
with local communities and businesses, local contractors are being sourced for the construction.
The contract
for delivery of a pre-feasibility study (PFS) is at the tender stage and work is expected to begin in Q4. Whittle Consulting has been
engaged to assist in identifying opportunities to improve the project that will be investigated during the PFS preparation.
Table 4
Production and cost results for
and comparative results from 2020:
FY 2021
Guidance Range
Total Production
Gold (oz)
32,100
23,100
87,100
68,000
110,500 – 127,900
Silver (oz)
792,000
575,000
1,897,000
1,487,600
2,300,000 – 2,450,000
42,900
30,400
114,200
84,600
141,000 – 160,400
Gold Bar Mine, Nevada
33,900
22,000
37,000 – 45,000
Cash Costs ($/GEO)
(1)(3)
AISC ($/GEO)
20,600
16,300
27,500 – 32,500
San
José Mine, Argentina (49%)
29,700
41,500 – 44,500
571,000
1,889,600
1,481,600
2,300,000 – 2,450,000
56,600
39,700
72,000 – 77,000
Our El Gallo
project produced 560 GEO during the quarter and 2,500 GEO for the 9M 2021, residual heap leaching continues.
Notes:
Gold Equivalent Ounces (GEOs) are calculated based on a gold to silver price ratio of 73:1 for Q3 2021,
68:1 for Q1 and Q2 2021, 94:1 for Q1 2020, 104:1 for Q2 2020, 79:1 for Q3 2020 and 75:1 for full year (FY) 2021 Production Guidance.
Cash gross profit, cash costs per ounce, all-in sustaining costs (AISC) per ounce, and liquid assets are non-GAAP financial performance
measures with no standardized definition under U.S. GAAP. For a description of the non-GAAP measures see "Non-GAAP Financial
Measures" section in this press release; for the reconciliation of the non-GAAP measures to the closest U.S. GAAP measures,
see the Management Discussion and Analysis for the year ended December 31
, 2020 filed on EDGAR and SEDAR.
Cyanide solubility is defined as the ratio of gold grade measured by A) a cyanide shake flask test, and B) conventional fire assay.
A/B*100=Cyanide solubility %
Represents the portion attributable to us from our 49% interest in the San José Mine.
For the SEC Form 10-Q Financial Statements and MD&A refer
to:
http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0000314203
Conference Call and Webcast
Management will discuss our Q3 2021 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.
Thursday, November 4
at 2:00 pm ET
To call into the conference call over the phone, please register
here:
http://www.directeventreg.com/registration/event/9134137
Audience URL:
https://event.on24.com/wcc/r/3404659/E87751D72BA57EBA0875CDA9F344E3D1
The webcast will be archived on McEwen Mining's
website at
https://www.mcewenmining.com/media
following the call.
COVID-19
All our operations have implemented rigorous health
and safety measures to prevent the spread of the COVID-19 virus. Currently, the COVID-19 pandemic is not materially affecting our operations,
or our future strategic plans and objectives.
Reliability of Information Regarding San José
Minera Santa Cruz S.A., the owner of the San José
Mine, is responsible for and has supplied to the Company all reported results from the San José Mine. McEwen Mining's joint venture
partner, a subsidiary of Hochschild Mining plc, and its affiliates other than MSC do not accept responsibility for the use of project
data or the adequacy or accuracy of this release.
Technical Information
The technical
contents of this news release, other than exploration-related disclosure, have been reviewed and approved by G. Peter Mah, P.Eng., COO
of McEwen Mining and a Qualified Person as defined by Canadian Securities Administrators National Instrument 43-101 "Standards of
Disclosure for Mineral Projects."
Technical
information pertaining to Stock project exploration contained in this news release has been prepared under the supervision of Ken
Tylee, P.Geo., a Qualified Person as defined by Canadian Securities Administrators National Instrument 43-101 "Standards of Disclosure
for Mineral Projects."
Technical
information pertaining to Gold Bar exploration contained in this news release has been prepared under the supervision of Kevin Kunkel,
P.Geo., a Qualified Person as defined by Canadian Securities Administrators National Instrument 43-101 "Standards of Disclosure for
Mineral Projects."
CAUTIONARY NOTE REGARDING
NON-GAAP MEASURES
In this release, we have
provided information prepared or calculated according to United States Generally Accepted Accounting Principles ("U.S. GAAP"),
as well as provided some non-U.S. GAAP ("non-GAAP") performance measures. Because the non-GAAP performance measures do not have
any standardized meaning prescribed by U.S. GAAP, they may not be comparable to similar measures presented by other companies.
Cash Costs and All-in
Sustaining Costs
Cash costs consist of
mining, processing, on-site general and administrative costs, community and permitting costs related to current operations, royalty costs,
refining and treatment charges (for both doré and concentrate products), sales costs, export taxes and operational stripping costs,
and exclude depreciation and amortization. All-in sustaining costs consist of cash costs (as described above), plus accretion of retirement
obligations and amortization of the asset retirement costs related to operating sites, sustaining exploration and development costs, sustaining
capital expenditures, and sustaining lease payments. Both cash costs and all-in sustaining costs are divided by the gold equivalent ounces
sold to determine cash costs and all-in sustaining costs on a per ounce basis. We use and report these measures to provide additional
information regarding operational efficiencies on an individual mine basis, and believe that these measures provide investors and analysts
with useful information about our underlying costs of operations. A reconciliation to production costs applicable to sales, the nearest
U.S. GAAP measure is provided in McEwen Mining's Quarterly Report on Form 10-Q for the quarter ended September 30, 2021.
Cash Gross Profit
Cash gross profit is a non-GAAP financial measure
and does not have any standardized meaning under GAAP. We use cash gross profit to evaluate our operating performance and ability to generate
cash flow; we disclose cash gross profit as we believe this measure provides valuable assistance to investors and analysts in evaluating
our ability to finance our ongoing business and capital activities. The most directly comparable measure prepared in accordance with GAAP
is gross profit or loss. Cash gross profit is calculated by adding back the depreciation and depletion expense to gross profit or loss.
A reconciliation to gross profit, the nearest U.S. GAAP measure is provided in McEwen Mining's Quarterly Report on Form 10-Q for
the quarter ended September 30, 2021.
The term liquid assets
used in this report is a non-GAAP financial measure. We report this measure to better understand our liquidity in each reporting period.
Liquid assets is calculated as the sum of the Balance Sheet line items of cash and cash equivalents, restricted cash and investments,
plus ounces of doré held in precious metals inventories valued at the London PM Fix spot price at the corresponding period. A reconciliation
to the nearest U.S. GAAP measure is provided in McEwen Mining's Quarterly Report on Form 10-Q for the quarter ended September 30,
2021.
CAUTION CONCERNING FORWARD-LOOKING STATEMENTS
This news
release contains certain forward-looking statements and information, including "forward-looking statements" within the meaning
of the Private Securities Litigation Reform Act of 1995. The forward-looking statements and information expressed, as at the date of this
news release, McEwen Mining Inc.'s (the "Company") estimates, forecasts, projections, expectations or beliefs as to future events
and results. Forward-looking statements and information are necessarily based upon a number of estimates and assumptions that, while considered
reasonable by management, are inherently subject to significant business, economic and competitive uncertainties, risks and contingencies,
and there can be no assurance that such statements and information will prove to be accurate. Therefore, actual results and future events
could differ materially from those anticipated in such statements and information. Risks and uncertainties that could cause results or
future events to differ materially from current expectations expressed or implied by the forward-looking statements and information include,
but are not limited to, effects of the COVID-19 pandemic, fluctuations in the market price of precious metals, mining industry risks,
political, economic, social and security risks associated with foreign operations, the ability of the corporation to receive or receive
in a timely manner permits or other approvals required in connection with operations, risks associated with the construction of mining
operations and commencement of production and the projected costs thereof, risks related to litigation, the state of the capital markets,
environmental risks and hazards, uncertainty as to calculation of mineral resources and reserves, and other risks. Readers should not
place undue reliance on forward-looking statements or information included herein, which speak only as of the date hereof. The Company
undertakes no obligation to reissue or update forward-looking statements or information as a result of new information or events after
the date hereof except as may be required by law. See McEwen Mining's Annual Report on Form 10-K for the fiscal year ended December 31,
2020 and other filings with the Securities and Exchange Commission, under the caption "Risk Factors", for additional information
on risks, uncertainties and other factors relating to the forward-looking statements and information regarding the Company. All forward-looking
statements and information made in this news release are qualified by this cautionary statement.
The NYSE and TSX have not reviewed and do not
accept responsibility for the adequacy or accuracy of the contents of this news release, which has been prepared by the management of
McEwen Mining Inc.
ABOUT MCEWEN MINING
McEwen Mining is a diversified
gold and silver producer and explorer focused in the Americas with operating mines in Nevada, Canada, Mexico and Argentina.
The above information was disclosed in a filing to the SEC. To see the filing, click here.
https://www.conferencecalltranscripts.com/summary/?id=10066528
What does MUX and "Bigfoot" have in common
They'll be coming out of the woods soon...LOL
interesting week ahead for metals
'Bigfoot' Terrifies Kids in Texas
October 29, 2021
Dad Pranks Kids By Dressing Up As 'Big Foot'
Gold & Silver Face Minimum Of Two Hurdles This First Week Of November
November 1, 2021
with sound
Will the precious metals be able to reclaim $1800 & $24, rally, and…
(by Half Dollar) It is going to be an interesting week for gold & silver.
Not to mention the fact that we still have the ongoing “spending” “negotiations” taking place between our “elected” “leaders” and public “servants” in Washington, there are two events on specific days and times this week when the prices of gold & silver will move.
First, on Wednesday, the Fed concludes its most recent 2-day FOMC meeting at 2:00 p.m. EST, followed by Fed Chair Jerome Powell’s press conference thirty minutes later.
“Market” “Participants” are expecting a taper announcement and timeline, meaning the Fed will announce it will be printing less money than the Fed is printing now, although there is zero probability of an interest rate hike, and let’s not kid ourselves, really: The War on American Savers and the Enslavement of America’s Youth continue unabated.
Regardless, it’s that time again, and in theory, there should be more “pressure” put on Powell about the “transitory” inflation that only worsens and the “temporary” supply chain disruptions that are more disrupted than ever, especially since we’re supposedly very close to a “deal” in Washington and one of Powell’s bestest buddies, Janet “Never-Another-Financial-Crisis-In-Our-Lifetimes” Yellen, has been telling all sorts of lies and spewing all sorts of crazy nonsense lately.
Additionally, speaking of pressure, more of it should be put on Powell with regards to the vile corruption on display at the Fed with the pre-monetary policy “market” “trading” money-grabs by the Fed insiders themselves, but in reality, applying pressure is no way a Sell Out secures a square on Zoom at the virtual conferences, much less is applying pressure a way to keep that square.
Cheerleading is, to put it lightly.
And butt kissing is, to not get too vulgar.
Figuratively.
Or literally.
Or whatever.
Still, for some time now, the Fed in general, and Powell specifically, have been focusing much of their Newspeak on jobs instead of on inflation, because it is much easier to lie in the abstract than it is to lie in the face of common sense, but this time around, not only do we have the displeasure of hearing what Powell will say about jobs on Wednesday, but on Friday, we will actually get the next jobs report from the government.
That, is the second hurdle for gold & silver.
Needless to say, assuming there are no black swans, this week will be all about the narratives.
Keep your Pepto at the ready.
Silver is down almost 11%:
Year-to-date.
Gold is down nearly 6.5%:
Year-to-date.
The paper gold-to-silver ratio is back down under 75:
Where is the ratio headed next?
Palladium is down over 19%:
Year-to-date.
Platinum is down less than 5%:
Year-to-date.
Crude oil is up almost 75%:
Year-to-date.
Copper is up over 23%:
Year-to-date.
Fear in the markets is down about 27.5%:
Year-to-date.
The stock market is up about 22.5%:
Year-to-date.
Yield on the 10-Year Note is up over 70%:
Year-to-date.
And the dollar index is up almost 5%
Year-to-date.
It’s been that kind of a year.
What kind of a week will it be?
https://www.silverdoctors.com/silver/silver-news/gold-silver-face-minimum-of-two-hurdles-this-first-week-of-november/
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Have a great day, Thanks
One day MUX will be included in the SP500
Just as soon as it stops going the other way !
Lol
S&P Tops 4,600 In Fitting End To Best Month Of 2021
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FRIDAY, OCT 29, 2021 – 04:05 PM
Two weeks ago, when stocks were stuck in a narrow, downward range, and the prevailing consensus was for continued declines, Goldman laid out a contrarian case predicting a market-wide melt up into the end of October and the last two months of the year. Citing technicals, such as massive inflows into equity funds and corporate buybacks to the tune of $8 billion daily, as well as a favorable gamma picture and vol control funds which had tens of billions to buy due to the sharp drop in the VIX, perhaps the most persuasive argument was that S&P seasonals pointed to strong upside in both October and year end.
The bank then doubled down on this call one week later, observing that “we are entering the strongest month (and best two month period) of the year with a median return of 2.1% and positive hit rate of 71% going back to 1985.”
In retrospect, Goldman was absolutely correct, and one look at the S&P over the past two weeks shows an unbroken meltup from a low of 4,340, one which steamrolled over the wall of stagflation/China/rate hike/profit margin wall of worry and culminated with a new all time high today when the index topped 4,600 for the first time ever, rising as high as 4,604.
And while the S&P didn’t really need today’s ramp to new all time highs to record the best October since 2015 – a traditionally jittery month – it certainly helped. It also helped to cement October’s performance as the best month since November 2020.
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We just need to get a couple more quarters behind us.
All the stars are lining up.
L A crossroads
10 drills by January 2022. Access to the project is currently being established on the existing exploration road, which has been safely cleared by crews 48 miles (78 km) of the route, approximately three quarters of the way to the project.
Construction of a new all-season lower altitude access road is underway, with completion expected in H2 2022.
Yes, there is a lot of good info there. It was a slow turn, but I do believe we have turned the corner.
Great guns a firing JD (singing video for a cause) and the video of Rob was good too!
Thank you!
McEwen Copper to drill 53,000 metres to upgrade Los Azules resource in Argentina
MUX
The McEwen Copper division, 81% owned by McEwen Mining (TSX: MUX; NYSE: MUX) is advancing work on the Los Azules project having closed the first tranche of a US$40 million private placement. The second tranche is expected to close shortly.
The company is preparing a 53,000-metre drill program to upgrade inferred resources to the indicated category. The first of two drill rigs are expected to arrive in November, and the full complement of 10 rigs by January 2022.
Crews are building a road to access the Los Azules site. About 78 km or three-quarters of the length has been done, with the remainder to be completed in the second half of 2022.
The project in San Juan Province, Argentina, is located at an elevation of 3,500 metres in the Andes Mountains, on the border with Chile.
The preliminary economic assessment for Los Azules gave the project a 36-year life at an initial capex of US$2.4 billion. The after-tax net present value, with 8% discount, is US$2.2 billion, and the after-tax internal rate of return is 20.1%. The project will pay for itself 3.6 years after production begins.
Los Azules hosts an indicated resource of 962 million tonnes grading 0.48% copper, 1.8 g/t silver and 0.06 g/t gold. In terms of contained metals, there are 10.2 billion lb. of copper, 55.7 million oz. of silver and 1.7 million oz. of gold.
The inferred portion is 2.7 billion tonnes grading 0.33% copper (19.3 billion contained lb.), 1.6 g/t silver (135.4 million contained oz.), and 0.04 g/t gold (3.8 million contained oz.)
The PEA was prepared in 2017 using US$3/lb. copper, US$17/oz. silver, and US$1,300/oz. gold. The first phase of development will create an open pit mine at a rate of 80,000-t/d, and the second phase will increase the rate to 120,000 t/d. The on site mill will produce concentrate by SAG-pebble-ball milling, followed by flotation, thickening and filtering. Life-of-mine recovery of copper to concentrate is expected to be 91% at a concentrate grade of 30% copper.
Learn more at www.McEwenMining.com.
https://www.canadianminingjournal.com/news/mcewen-copper-provides-update-on-los-azules-in-argentina/
Steve Earle - Copperhead Road
I Did It! I Sang My Heart out for Car Karaoke for Stem Cells. Please Consider Supporting Me
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I Did It! I Sang My Heart out for Car Karaoke for Stem Cells. Please Consider Supporting Me!
Hello Friends of McEwen Mining,
Trust you and family have enjoyed the summer.
I have a brief and I think amusing distraction for you. I’m performing and if you feel so disposed you
can also do the same as it's fun and the purpose is very relevant.
I would like you to consider supporting some ground-breaking medical research that is
focused on repairing damaged hearts with heart muscle cells made from Stem Cells (induced
pluripotent stem cells). Extensive animal testing has produced remarkable results such that human
trails are expected to begin within 2 years.
The objective of this research is combating heart disease and in the near future reducing the need for
heart transplants, artificial hearts and pacemakers. www.mceweninstitute.ca
See below for background information.
We've all come through a very challenging 18 months and when my wife, Cheryl, asked me and several
of her friends to Sing for Stem Cells, we all felt it was time for some FUN!
This event is called Car Karaoke for Stem Cells! Everyone who has participated has had a blast doing
it at a time when our spirits needed a lift! Here’s the link to the event: www.carkaraoke.ca
There are two ways that you can help. First, I went out on a limb and sang a song to support this vital
research.
You can watch my song: https://youtu.be/fdBWGxCeeeI and my personal page for donations is here
( https://support.tgwhf.ca/site/TR/Events/CarPoolKaraoke?px=1022851&pg=personal&fr_id=1140 )
Donations are being accepted until Monday September 20, 2021.
Secondly, you can share this with others that you think would be interested in this impactful
research. When donating from Canada donations are easily made online with the links above or you
can call Alexandra Stevenson at our UHN Foundation to process your donation via telephone: 647-
532-0988 and email alexandra.stevenson@uhn.ca
When donating from the USA we have a special donation platform “American Friends of UHN” and
Alexandra is your go-to person if you require a tax receipt. Her contact details are: email
alexandra.stevenson@uhn.ca and telephone 1-647-532-0988.
If a tax receipt is not needed then you can just donate on my page. My personal page for donations is: here
(https://support.tgwhf.ca/site/TR/Events/CarPoolKaraoke?px=1022851&pg=personal&fr_id=1140)
I know you'll get a laugh out of watching the Tenors when you click on the link above. Two of the
Tenors have heart conditions & are very excited about where this research is heading & how it's
going to save lives! You will see their video on the home page for www.carkaraoke.ca
Here is some background:
The McEwen Stem Cell Institute is leading the world with heart cells created from stem cells. In 2016,
Bayer AG and Versant Ventures launched a new biotechnology company, BlueRock Therapeutics to
develop new cell-based therapies to treat heart failure and Parkinson's disease. The company was
founded on the ground-breaking research of our Director at McEwen Stem Cell Institute, Dr.
Gordon Keller; McEwen Stem Cell Institute Scientist, Dr. Michael Laflamme and their colleagues
at New York's Memorial Sloan Kettering Cancer Centre.
The research is making great progress as earlier this year the Sloan Kettering team in partnership
with BlueRock began their clinical trial to treat Parkinson's patients with dopamine neurons made from
stem cells. UHN (University Health Network) is also a site for this trial and we expect to have patients
treated here in Toronto later this year! This is a major advance as it will pave the way for a similar trial
to treat heart disease with heart cells made from stem cells! I am reaching out to you for support as we
push through the roadblocks to get to that human trial. As you are likely aware, Cheryl and I have
donated over 25 million to the McEwen Stem Cell Institute and we continue to do so. However, getting
to the finish line requires exceptional funding for our scientists to swing for the fences and pivot when
needed. Unrestricted funding accelerates outcomes. That is why we have come so far since 2007 when
we recruited Dr. Keller. It's been quite a fast ride for the research world!
This is a pivotal point in time for stem cells to move to patient therapy. I have confidence you will
be proud of what has transpired at the McEwen Stem Cell Institute and the enormous effort being put
into developing a clinical trial for patients with heart disease. The McEwen team is working to produce
the best cells to repair damaged hearts. It is likely that the Peter Munk Cardiac Centre, here at UHN,
will be one of the sites where the first patients receive heart muscle cells generated from stem cells.
This is a wonderful time for Canada to shine in healthcare and particularly with heart disease remaining
the number 1 killer. We can change that!
I want to thank you for any support you can send along! It will help get us to our goal and accelerate
this vital research to the patients who need it!
All my Best,
Rob
https://s21.q4cdn.com/390685383/files/doc_downloads/media/2021/Car_Karaoke_for_Stem_Cells_Letter.pdf
https://www.mcewenmining.com/Home/default.aspx
$MUX
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Yep another head fake
sooner or later these banks will have to explain how they ruined the miners
by shorting them to death....
The cushie million dollar miner CEOs need to get off their asses and take a stand against JP Morgan, Goldman and citi
at this rate I doubt we will be able last another year IMO
Silvers already Dead Catting after this morning big ramp.
Probably the same crooks that minipped it up
to see who they could soaked up along the way.
The banksters own a piece of all stocks not just miners
on their quest to own the world.
Looks like silvers 23 handle bout to fall
https://s.tradingview.com/silverprice/widgetembed/?symbol=TVC%3ASILVER&interval=30&hidesidetoolbar=0&symboledit=1&saveimage=1&toolbarbg=f5f5f5&watchlist=TVC%3AGOLD%1FTVC%3ASILVER%1FTVC%3APLATINUM%1FTVC%3APALLADIUM%1FTVC%3AGOLDSILVER%1FTVC%3AUSOIL%1FOANDA%3AEURUSD%1FFX_IDC%3AUSDJPY%1FINDEX%3AHUI%1FINDEX%3AXAU%1FCOINBASE%3ABTCUSD&details=1&studies=%5B%5D&hideideas=1&theme=White&style=1&timezone=America%2FNew_York&hideideasbutton=1&withdateranges=1&studies_overrides=%7B%7D&overrides=%7B%7D&enabled_features=%5B%5D&disabled_features=%5B%5D&locale=en&utm_source=silverprice.org&utm_medium=widget&utm_campaign=chart&utm_term=TVC%3ASILVER
The Rallies in Gold & Silver Get Bombed
https://silverseek.com/article/rallies-gold-silver-get-bombed
Looks like things are starting to turn around.
Adding Shares in the dips, for the ATM Withdraw Trading Range .
McEwen Mining: Q3 2021 Production Results
October 6, 2021
TORONTO, Oct. 06, 2021 (GLOBE NEWSWIRE) -- McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) reports consolidated production for Q3 2021 was 32,100 gold ounces and 792,000 silver ounces, or 42,900 gold equivalent ounces(1)(“GEOs”), compared to 30,400 GEOs in Q3 2020. Consolidated production for the nine months ended September 30, 2021 is 114,300 GEOs, compared to 85,700 GEOs during the same period in 2020. 2021 production is trending towards the midpoint of the guidance range for the year.
Nice Little 3% Trade Today. Maybe Next $3 Trillion National Debts will drive Metals Back to higher Ground .
Metals, Steadily Stair stepping downward .
Wow!, What a Week of Mixed Messages for the Markets to Digest.
1.) Fed R. may start Tapering % rates begin next year little by little .
2.) 10 YR: Bond Yields @ 52 week High over 1.46%
3.) U.S $ Gains a little strength of World Baskets of Currencies
4.) China, Out Laws Crypto's trading sending Bitcoin Tumbling
5.) Gov't $3 Trillion New Spending Bill adding to National Debts
6.) Possible Gov't Shut Down on debate of spending bill
7.) Metals slightly Bearish with Volatility pending Headline News P.R's
Positive Note: Metals maybe finally be seeing a Average Floor because of the many diverse issues affecting over all Markets .
Markets may see a Fall Season Correction with a Re-New Hedging in Metals because of Crypto Bubbles .
Buying the Dips
Sept Slide , Markets making directional moves toward BEARISH correction.
You should have waited until this scam stock hits 0.20.
Pandemic is starting to have a crippling affect on economy and stocks like McEwen!
https://apnews.com/article/business-health-pandemics-coronavirus-pandemic-economy-9d58528c65714d3e06c33b96cbf0c63c
Metals getting a beating Today , Shares selling off ETF Funds
Rob McEwen: Keep the Faith — Buy Gold, Silver and Maybe Some Copper
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This interview was filmed on September 8, 2021.
After a relatively lackluster summer, investors are hoping gold and silver will have better luck in the fall. Rob McEwen, chairman and chief owner of McEwen Mining, encouraged market participants to stay in good spirts as the year progresses.
"I believe you're going to see stronger prices as we move through September and October in the precious metals space," he told the Investing News Network.
"The stocks are off a fair bit from their highs and there's room to catch up, so keep the faith and buy some gold and silver ... and maybe some copper too."
Looks like +7cents, Imagine my surprise Lol~
Yeah on Fridays they leave in droves
don't want to be holding over the weekend in this upside down world.
Many play exorbitant 24 to 72 hour risk trades.
40 or 50 thousand shares with a seven cent plus return.
they make around five to ten grand a week IMO.
They have this one on the ropes because the SP has to stay above a dollar to retain it's NYSE listing.
In all honesty it looks like times are going to be tough on all the miners for another year until the Fed tapering begins
Thanks for not going into your (Why) statement, stock specific board thing.
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