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Still dumbfounded on why I have held this stock for over 20yrs now!! All this thing seems to know how to do is go down!
Larger dozers may increase productivity
The future is gold, silver, and also copper and unmet pressure is continually put on miners. Seems like a logical play if you wanted to acquire solid miners, no?
Yes Yes Elon Secure the future...Hehe
Welcome to the MUX board BOLD
Thanks tred, Looks like Zacks missed it
McEwen , which belongs to the Zacks Mining - Miscellaneous industry, posted revenues of $25.54 million for the quarter ended March 2022, missing the Zacks Consensus Estimate by 18.91%
Recently heard in an interview...those sorts of arrangements may be in the works.. EV's, the Musks of the world... buying into mines. While this wave of EV and Solar...and green everything... the politicians wailing about...they have no clue how limited the sustainability actually is...and how much more expensive it will become while these natural elements etc...dry up. Complete ignorance. keep stuffing your account...great opportunity!! One day...the mechanisms that allow this cabal to control the market....they're going to fail.... going to break....and you'll be in good shape! :)
When Elon Musk does a JV with MUX to build our new copper mine we could go to $5.00 per share fast !
Thanks JD. Seems like MUX is doing alot of heavy lifting while their stock being suppressed. At the rate of decline we are seeing outside investors can come in and buy large amounts of stock or be buying as “the knife falls”.
With gold at or near $1900 I would of thought we would be showing a firmer pps.
Happy Mothers Day Moms. . . . . . . .
from tonight's Mining and Metals Du Jour board (News Reel)
Saw $MUX in there....Enjoy
Mining & Metals Top Juniors Movers & News___Makers
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Good Evening and Welcome to ~*~Mining & Metals Du Jour~*~ Mothers Day edition
Videos by J:D
Sound tracks by J:D
DD & tickers not included
MARKET ACTIVITY
TSX -62.89 (0.30%) 20,633.28
TSX Venture -13.72 (1.75%) 769.97
ASX 200 -163.70 (2.22%) 7,203.00
S&P 500 -23.53 (0.57%) 4,123.34
NYSE Gold Bugs -2.57 (0.93%) 274.06
VanEck Jr Miners -0.65 (1.54%) 41.45
Sprott Junior Miners -0.56 (1.45%) 38.00
COMMODITY PRICES
Gold (US$/oz) +5.42 (0.29%) 1,882.80
Silver (US$/oz) -0.21 (0.93%) 22.37
Copper (US$/lb) -0.04 (0.93%) 4.25
Platinum (US$/oz) -25.45 (2.61%) 948.05
Palladium (US$/oz) -147.77 (6.78%) 2,032.00
# DRILL RESULTS
Labrador Gold Intersects 54.17 G/T Au Over 0.95m at the Big Vein Target
i-80 Gold Intersects High-Grade Gold in Initial Drilling of the Ogee Zone at Granite Creek
Wesdome Gold Mines Announces Continued High Grade Drilling Results From the Falcon 7 Zone
Orezone Gold Continues to Intersect High-Grade Gold at P17S Extension at the Bomboré Gold
Integra Resources Intersects 3.95 g/t AuEq Over 77.7 M in Extension Drilling at War Eagle
# DRILLING UPDATES
Green Battery Minerals Receives Assays From Drilling Into Graphite Outcrop On Zone 6
New Found Gold Commences Shipment of Drill Core Samples to MSALAB's Chrysos PhotonAssay
Basin Uranium Announces Completion of Second Hole at Mann Lake
Belmont Resources Provides Drill Update for Lone Star JV with Marquee Resources
Independence Gold Completes Drill Program at 3Ts Project, BC
FireFox Gold To Exercise Option for 100% Interest in the Sarvi Property, Finland
Puma Exploration Adds a Second Drill at Its Williams Brook Gold Project
# DRILLING COMMENCED
Minsud Resources Commences Phase IV Drilling at Chita Valley Project, San Juan, Argentina
High Tide Resources Begins Drilling at Labrador West Iron Project
Puddle Pond Resources Reports that its Inaugural Drilling Program has Commenced
Opawica Explorations Commences Maiden 5,000m Drill Program at Arrowhead Property
Japan Gold Announces Ryuo Prospect Drilling Underway
MARKET MOVERS
Company +Change% Last Trade
Newcrest Mining 0.37 +1.56% $24.15
Los Andes Copper 0.36 2.55 $14.50
Solaris Resources 0.27 2.31 $11.97
Altius Minerals 0.26 1.27 $20.74
Endeavour Mining 0.26 0.80 $32.68
Hilo Mining 0.26 76.47 $0.60
Turquoise Hill Resources 0.22 0.62 $35.76
Rupert Resources 0.22 4.27 $5.37
Emerita Resources 0.20 12.12 $1.85
Andean Precious Metals 0.18 15.13 $1.37
Imperial Metals 0.17 4.53 $3.92
Largo Resources 0.16 1.53 $10.59
Aris Gold 0.13 7.34 $1.90
North Peak Resources 0.12 7.89 $1.64
Osino Resources 0.10 9.26 $1.18
HIGH VOLUME
Company Volume Last Trade
Hycroft Mining 15,626,490 $1.54
Uranium Energy 11,572,073 $4.13
Denison Mines 6,864,144 $1.54
Cameco 4,920,392 $30.71
Northern Lights Resources 4,122,000 $0.01
Fission Uranium 3,612,817 $0.80
Green Battery Minerals 3,599,649 $0.14
UEX Corporation 2,903,537 $0.28
The Metals Company 2,824,189 $1.47
NexGen Energy 2,772,251 $5.73
Kinross Gold 2,396,207 $6.33
B2Gold 2,340,992 $5.56
First Quantum Minerals 2,332,379 $33.02
Austin Gold 2,151,952 $2.96
IAMGOLD 2,092,885 $2.71
EARNINGS / PRODUCTION RESULTS
Wheaton Precious Metals Announces Solid Start To 2022
Cameco Reports First Quarter Results, Beginning to Benefit From Strategic Decisions
MP Materials Reports First Quarter 2022 Results
Nomad Royalty Company Reports Q1 Results And Declares Second Quarter 2022 Dividend
Lucara's Q1 2022 Revenue of $68.2 Million Reflective of a Strong Start to 2022
Cerrado Gold Reports Strong First Quarter Production Results from Its Minera Don Nicolas
# PROJECT ACQUISITIONS
Riverside Resources-BHP Exploration Agreement Adds Llano De Nogal Copper Project
McFarlane Lake Mining Acquires Mining Leases in Michaud and Munro Townships
Kestrel Gold Options Fireweed Project in British Columbia
Trailbreaker Resources Acquires the Connector Gold Property, Adjacent to the...
Roo Gold Acquires Additional Exploration Licence On Peel-Manning
# SAMPLING RESULTS
Visionary Gold Announces the Discovery of Two New Prospects and Samples 9.07% Copper
Altiplano Metals Defines Prospective 3.5 x 1.5 km Epithermal Alteration System
Search Minerals Announces Additional Channel Assay Results Expanding FOX MEADOW Rare
Canstar Resources Announces Till Results with up to 502 Gold Grains and Additional
Fabled Copper Reports on the Davis Keays Eagle Vein Area with 6 Additional Parallel
FEASIBILITY / PEA / MRE
Kuya Silver Announces Results of Independent Preliminary Economic Assessment
Blackrock Silver Announces Tonopah West Maiden Stope Optimized Resource Estimate; 2.9 Million
Jervois Global Releases BFS for Sao Miguel Paulista Refinery Restart
Osisko Metals Announces Maiden Resource at Gaspé Copper - Inferred Resource of 456Mt Grading
Metallic Minerals Defines 985 Million Pounds of Copper Equivalent in Inaugural NI 43-101
Great Panther Mining Announces Updated Mineral Reserve and Mineral Resource Estimates .
G2 Goldfields Announces Inferred Resource of 974,000 ounces Au (@ 9.25 g/t) and Indicated
Galiano Gold Reports Q1 2022 Financial And Operating Results
MERGERS / ACQUISITIONS
Sandstorm Gold Royalties Announces US$1.1 Billion Portfolio Transformation
Northern Superior Resources and Genesis Metals Announce Signing of Definitive Agreement
Elemental Royalties Board Continues to Recommend Rejection of Gold Royalty's Hostile
Josemaria Resources Securityholders Approve Acquisition by Lundin Mining
Robex Resources Announces a Business Combination With Sycamore Mining Targeting
$ FINANCINGS
PureGold Mining Announces $30 Million Non-Brokered Private Placement; Tony Makuch Joins
Galway Metals Announces Upsizing Of Previously Announced Bought Deal Private Placement .
Viva Gold Announces Closing of C$4.3 Million Private Placement Offering
Western Alaska Minerals Announces Completion of C$5 Million Non-Brokered Private Placement
Faraday Copper Closes Upsized C$20 Million Equity Offering
NEW / DUAL LISTINGS
Austin Gold Closes Initial Public Offering, Including Full Exercise of the Over-allotment
Regency Silver Completes Oversubscribed IPO and Announces Upcoming Drill Program at Dios
Usha Resources Begins Trading on the Frankfurt Stock Exchange as FSE:JO0
West African Gold Explorer & Developer, Sarama Resources, Lists on ASX, Raises A$8M
Ashley Gold Announces Completion of Initial Public Offering
BOARD / MANAGEMENT CHANGES
McEwen Mining Announces Senior Management Changes
Copper Mountain Mining Announces Executive Management Changes
Vizsla Silver Strengthens Technical Executive Team
First Quantum Minerals Announces Tristan Pascall as New Chief Executive Officer and Board
Nighthawk Gold Appoints New Vice President of Exploration and Announces its 2-Year Exploration
DRILL PERMITS / TARGETS
Zacatecas Silver Receives Permits for 30 Drill Pads at El Cristo
Grande Portage Resources Receives 2022 Drill Permits for Its Herbert Gold Project in S.E
Orex Minerals: Permit Received and Plans Underway for Diamond Drilling on the Sandra
MacDonald Mines Exploration Reports on GoldSpot Discoveries’ Findings at SPJ Project
Libero Copper & Gold Identifies 9 New Porphyry Targets Including Significant Expansion
$ STRATEGIC INVESTORS
Geomega Resources Closes $1M Equity Financing with Michael Gentile, CFA and Appoints him
Canex Metals Announces C$2.5 Million Equity Financing and Welcomes Strategic Investor
Luminex Resources Closes C$9M Private Placement led by Ross Beaty
Novo Resources Completes First Tranche of New Found Gold Sale for C$68.9 Million
Tectonic Metals Announces Strategic Investment by Crescat Capital as Part of a C$3 Million
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Thanks for being with us tonight
Great to see you :)
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Zillionaire Giustra earns his tinfoil hat and brings Kitco's Makori along for the ride
Submitted by admin on Thu, 2022-05-05 13:55 Section: Daily Dispatches
2p ET Thursday, May 5, 2022
Dear Friend of GATA and Gold:
Give that man a tinfoil hat!
Mining and movie entrepreneur and zillionaire Frank Giustra has gone full "conspiracy nut" in an interview today with Michelle Makori of Kitco News, surpassing his previous cautious assertions that the gold price is "managed" by central banks and saying now that the price is "outright manipulated."
Giustra tells Makori that "you're never going to find a smoking gun on this." But, if so, that's only because neither he nor Makori will ever visit GATA's documentation summary here:
https://gata.org/node/20925
After all, the summary just has too much documentation to sort through unless one aims to be sincere.
But better 20 years late than never, so let's take what we can get, especially since Giustra's enlistment in the tinfoil hat brigade has brought along Kitco, which long has striven to avoid mention of gold market manipulation and especially to avoid interviewing GATA Chairman Bill Murphy, despite GATA's many requests. Telling gold investors the truth -- that is, as Jim Rickards said in CNBC many years ago, "When you own gold you're fighting every central bank in the world" -- may be bad for the gold business until it decides to stand up for itself.
Kitco's interview with Giustra is headlined "Gold Price Is Manipulated by the Fed, Suspects Mining Tycoon Frank Giustra, But Suppression Can't Last Forever" and it can be found here:
https://www.kitco.com/news/2022-05-05/Gold-price-is-manipulated-by-the-Fed-suspects-mining-tycoon-Frank-Giustra-but-suppression-can-t-last-forever.html
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Introducing the New Mobile Mining Unit
Thank you to all M+M contributors past and present
Hope everybody is having a Great Mothers Day Weekend
Today's Treats
Thought of the Day
Today’s thought…
May 06, 2022
"[Theorists who don't practice] are like eunuchs in a harem. They know everything about love, but they can't do anything about it."
----Harvard economist Alexander Gerschenkron in Nicholas Dawidoff, The Fly Swatter: How My Grandfather Made His Way in the World (Pantheon Books, New York, 2002), p. 244.
This Day in Financial History
Learn what happened in business in today’s past
May 06:
1991: After almost two years of clumsy pursuit, AT&T Corp. finally gets NCR Corp. to let AT&T take it over for $7.4 billion, or a mere $110 a share. "We believe," says AT&T Chairman Robert E. Allen, "that AT&T will bring resources to your business that will build significantly on your history of success and assure a strong future, creating a powerful American company with the technological and marketing strengths to compete in world markets over the long term." AT&T's takeover of NCR turns out to be one of the most disastrous blunders ever, as NCR's computer lines fall in popularity and the two corporate cultures clash like Serbs and Bosnians. AT&T ends up spinning off NCR in 1996, after losing $3.8 billion.
The Wall Street Journal, December 30, 1996, p. B1;http://www.att.com/press/0591/910506.chc.htmlhttp://www.att.com/press/0591/910506.chd.htmlhttp://www.ncr.com/history/history.htmhttp://www.att.com/press/0197/970101.cha.html
1986: Nearly six years after it closed above 200 for the first time, the NASDAQ Composite Index finally closes above 300, finishing the day at 301.64.
www.nasdaq.com
1929: Just in time to lure investors into the worst stock decline in modern history, the Luxembourg Stock Exchange opens for trading. As a special favor to his subjects, the Grand Duke of Luxembourg structures the stock exchange as a stock corporation owned 20% by members of the public.
Museum of American Financial History (www.financialhistory.org); The LGT Guide to World Equity Markets, 1997 (Euromoney Publications, London, 1997), p. 296.
1870: Amedeo Peter Giannini is born in San Jose, Calif. In San Francisco in 1904 he founds the Bank of Italy to serve the city's burgeoning working class. It later finances the Golden Gate Bridge in the depths of the Depression and lends David Selznick the money he needs to finish filming Gone With The Wind. Today, as Bank of America, it's one of the world's biggest financial-services firms.
http://www.pathfinder.com/time/time100/profile/giannini.html
This Night in Rock History
May 6
1978 - Bee Gees
The soundtrack to Saturday Night Fever started an 18 week run at No.1 on the UK album chart, also No.1 in the US. The album, which features seven Bee Gees songs, went on to sell over 30 million copies worldwide.
Bee Gees - Night Fever
Have a Wonderful weekend all and thanks
J:D
tags, Junior mining network,Gata dispatches,Jason Zweig,This Day in Music, Sandvik Mining and Rock Solutions,Jesse Cafe,Corporate Lesfm - Royalty Free / No Copyright Music,Mineral Technologies,beegees,Sarcalogos Christ the Word Made Flesh
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Meanwhile McEwen's revenues are expected to be...$31.5 million,up...32.7% from the year-ago quarter.
and we will keep on keeping on.......
Black Fox on the prowel
Fox Complex
https://www.mcewenmining.com/operations/black-fox-complex/default.aspx
A#MUX1
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, towards key milestones (PEA, IPO, PFS).
What would you do if you owned 5_million_shares of $MUX ?
Who controls all miners stock price.
If your wondering whos the ones pressing the buy/sell button in unison totally controlling all the miners SP everyday.
Not just the miners but most worthy stocks
Not just the stocks but the banks.
Not just the banks but the governments around the world
All owned and controlled by the Black Bunch getting ready to face a US recession IMO
With $10 Trillion in Assets, BlackRock Has Set a New Benchmark for Corporate Power
By
Adrienne Buller
Megafirms like BlackRock now play a huge role in shaping investment decisions, yet they’ve attracted remarkably little scrutiny. Despite claims that “passive investing” empowers small investors, the trend is driving a dangerous concentration of economic power.
A monitor with BlackRock signage on the floor of the New York Stock Exchange in New York, New York, on Tuesday, March 15, 2022. (Michael Nagle / Bloomberg via Getty Images)
At the end of last year, asset management firm BlackRock broke a new record: it surpassed $10 trillion in the assets it manages. To put that sum in context, it’s larger than the pre-pandemic GDP of Germany and Japan combined.
Yet BlackRock isn’t the only behemoth asset manager in operation today. They’re followed closely by Vanguard, with just over $7 trillion in assets, and a small cohort of peers including Fidelity and State Street in the $4 trillion range. BlackRock and Vanguard alone control enough assets to buy every company listed in the London Stock Exchange at least three times over.
Indeed, the combined $20 trillion in assets of the two firms represents a full fifth of the assets of an entire $100 trillion global industry spanning thousands of firms. This is a profound degree of concentration in a vast and powerful industry. It’s also a recent phenomenon, whose implications for political and economic power and the operating logics of contemporary capitalism we’ve barely begun to recognize, let alone address.
continues here
https://jacobinmag.com/2022/03/index-funds-blackrock-vanguard-stocks-ownership-democracy-concentration
A key driver for innovation in the mining sector is moving from diesel to electric hauling trucks. McEwen Mining has run some studies that show you could significantly reduce your expenses.
Ian Ball was a big advocate of this claiming that it would reduce mining costs in half for open pit mining. That the new electric haul trucks actually recharge themselves on the way down in the pit.
I'm very excited Ian is coming back, Watch for many innovative initiatives coming up in the MUXiverse future
Go Green....Go $MUX
A#MUX1
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Hawkish ,FED % Rate hike ,Softens Metals Slightly @ bearish side ...Higher Fuel Cost starting to hit Miners Operating Cash flow eating into profits .
Looks like Ian Ball is rejoining the team as director
Thats great news
https://newsfilter.io/a/9cfc3fe14ead42186655dfae32196768
Soaring with the eagles sporting my new .64s
This is the point I look down on all you guys and say 'eat my space dust'
Added some .64s today
If I stop buying I get grumpy
What a deal :)
MCEWEN MINING: Exploration Update for Fox Complex & Gold Bar
https://www.mcewenmining.com/investor-relations/press-releases/press-release-details/2022/MCEWEN-MINING-Exploration-Update-for-Fox-Complex--Gold-Bar/default.aspx
Dollars Soft landing in progress killing many miners
The feds must think the dollar is going to take a big hit on the next 50 point rate hike.
so they have jacked the price of the green back to the moon.
Making it look more attractive and a safety net compared to other currencies.
You know..... best investment in town....backed by toilet paper
Crazy world
Whelp.. this might be it for MUX
Looks like were headed for consolidation
The NYSE was a little too much for the little muxer in the end.
Maybe should of never stepped out of the wheel house in the first place.
Grrrrr! Where is smart money hiding these days? If its coming here someone has a super secret entrance because all I see is pain market wide. Market sell off and the good stocks are scooped up as the knife falls?
Too much when you cant hide in gold exposure.
Anyone catch that .05 swingtrade? Lol this is a long slow grind, almost as slow as a baby biotech bringing a drug to market!
Nearing $2000 an ounce and we are still sitting at sub $1.00? Suppression until some market crash flash moment I suppose or news that someone big jumps into the copper “pond” with us.
Carry on soldiers!
Andrew Maguire unpacks the Bank of Russia’s shocking decree, declaring the bank will accept only gold or gold-pegged Ruble payments for oil, energy and commodities.
Ep 68: Live From The Vault - Russia Sanctions Backfire. LBMA Banks Take Cover!
Probably cause I still own shares! For over 10yrs now!!!!
Will MUX Go 5Yr Lows again ? with FED % Rate Hikes..
McEwen Mining Amends Term Loan Facility and Raises Additional $15 Million from Rob McEwen
April 5, 2022
TORONTO, April 05, 2022 (GLOBE NEWSWIRE) -- McEwen Mining Inc. (NYSE: MUX) (TSX: MUX)(“McEwen” or the “Company”) is pleased to announce that it has amended its $50 million senior secured term loan facility (the “Term Loan”) to gain financial flexibility and entered into a new $15 million unsecured subordinated promissory note (the “Promissory Note”).
“Reduced cash flow from operations in Q1 has placed McEwen Mining in a challenging position which we needed to overcome. I have invested a further $15 million by way of an unsecured Promissory Note so that we can implement corrective action. It was also beneficial to extend the maturity of our Term Loan to enable us to invest in production growth and mine life extensions before debt retirement. Results from operations are expected to improve starting with the current quarter and resume the positive trend we experienced during 2021. Gold Bar achieved our production target in Q1 and Los Azules has made some important advances,” said Rob McEwen, Chairman and Chief Owner . “The deviation from our financial forecast for Q1 was caused by lower production at the Fox Complex and at San José. Loss of manpower due to COVID-19 was a significant factor at both mines. Very cold weather and equipment failures also occurred at the Fox mill.”
The maturity of the Term Loan was extended to March 31, 2025, the amortization period and certain covenants were also amended, and any security interest over McEwen Copper Inc. and the Los Azules copper project was removed. The principal amount of the loan and reference rate remain unchanged. The amendment will eliminate the need to repay $10 million of principal in 2022 and $40 million in 2023 and allow McEwen Copper to raise additional financing as well as pursue its IPO.
In consideration for the extension of the Term Loan and other amendments, Sprott Private Resource Lending II (Collector), LP will be paid bonus interest in the form of 588,235 restricted common shares of the Company. Evanachan Limited, an entity wholly-owned by Rob McEwen, and a lender of half the principal outstanding under the Term Loan, has waived any right to receive bonus interest.
In addition, the Company has entered into a $15 million Promissory Note with Evanachan Limited maturing on September 30, 2025, and bearing interest of 8% payable monthly in arrears. The Promissory Note will be used for working capital purposes and can be repaid by the Company at any time without penalty.
https://www.mcewenmining.com/investor-relations/press-releases/press-release-details/2022/McEwenMining-Amends-Term-Loan-Facility-and-Raises-Additional-15-Million-from-Rob-McEwen/default.aspx
Go $MUX
~*~Metals~*~-Behind Closed Doors. . . . . . .
Metals world agonizes over war but keeps buying from Russia
Bloomberg News | April 4, 2022 | 2:44 pm Intelligence Asia Europe Russia and Central Asia Gold Oil & Gas Palladium Platinum
Russia's Gokhran has bought only gold this year
Last month, 13 copper-industry representatives at the London Metal Exchange were asked whether Russian metal should be blocked from its warehouses. Ten of them said “yes.” But when advisory groups for nickel and aluminum discussed the same question, the general consensus was “no.”
The LME, which is the ultimate decision-maker, says it won’t take action that goes beyond government sanctions — which, so far, have left most of the metals industry untouched.
But the behind-closed-doors discussions reflect a wider angst over whether to keep buying from Russia, as the industry weighs the stigma from the war against its own commercial interests — and the fact that vital metals like aluminum and copper were in short supply even before the invasion of Ukraine.
For now, Russian metal is largely still flowing to the world’s factories and building sites. Many traders and fabricators who buy from Russian companies are tied in to pre-existing purchase deals that can extend over years. And commodities merchants have a well-earned reputation as buyers and financiers of last resort when others have long backed away.
Still, a growing number in the industry say they won’t take on new Russian business, and some are actively working to disentangle themselves. That’s making it ever-harder for Russia’s metals producers to sell whatever output is not already contracted, and may ultimately force them to cut production if there’s no change by the time long-term deals come to an end.
For the LME, the risk is that material mined in Russia starts piling up in its warehouses because it has nowhere else to go, creating dangerous dislocations at the nexus of the global metals trade.
continues here
https://www.mining.com/web/metals-world-agonizes-over-war-but-keeps-buying-from-russia/
CHARLIE RICH Behind Closed Doors
Thanks JD4000, I had not seen that yet.
MUX McEwen ready to spin out Los Azules to copper-hungry market
The Argentinian project is one the largest resources that is not owned by a major miner
Feb 1, 2022 sorry so late on this video, Just running across it now
Looks to me they have 70 or 80 million so far for the McEwen Copper IPO start up
Go $MUX.
COPPER OUTLOOK | MCEWEN MINING $MUX
12February 2022
McEwen Mining is planning to undertake an initial public
offering of McEwen Copper and the Los Azules copper
project, in San Juan, Argentina, later this year after
completing an updated preliminary economic assessment
(PEA), additional resource drilling and the construction of a
road to provide year-round access. Los Azules porphyry
copper-gold deposit is one of the world’s largest
undeveloped copper projects not owned by a major mining
company. The project currently has a total resource of 32.9
billion pounds copper equivalent (29.5Blb copper, 5.5
million ounces gold and 191Moz silver).
Investors are warming to Argentina as an investment
destination on the back of several significant transactions in
the lithium space, as well as in the copper space. The
country is showing the ability to provide metals for the
energy transition, and San Juan province has the potential
to become a hub for copper development through the
advancement of projects such as Los Azules.
“There is a long history of mining in San Juan. Majors active
in the province include Barrick Gold, Shandong Gold,
Glencore, Fortescue Metals and the Lundin Mining group of
companies,” said McEwen Mining chair and chief owner
Rob McEwen. “And we are aware that Anglo American and
Vale have been looking at development opportunities in the
province.
“Factors driving this interest are: one, the abrupt political
shift to the left in Chile and Peru; two, the undeveloped
geological potential of Argentina; three, the improved
prices of metals; and four, the large foreign investments
being made to develop Argentina’s Lithium resources.
“All of these factors are giving greater comfort to foreign
investors and the government is laying-out the
welcome mat.”
Los Azules has been something of an orphan in McEwen
Mining’s portfolio of predominantly gold projects,
particularly through the bear market years where advancing
it towards development seemed like a pipe dream. But with
the copper price rising from a low of about US$2 per pound
two years ago, to over $4 per pound today, and a supply
deficit forecast, a deposit like Los Azules has become a very
attractive asset and one that merits the investment to
advance towards a production decision. Exploring and
developing a porphyry copper deposit is an expensive
business, which is why McEwen Mining is putting the asset
into a new vehicle, McEwen Copper.
The parent company will initially retain 68% ownership
McEwen Copper and a 1.25% net smelter return royalty,
continues here https://s21.q4cdn.com/390685383/files/doc_multimedia/CopperOutlookSupplement2022.pdf
Usual bank shenanigans today, Feds trying to give the dollar a soft start to it's skyfall
Everybody knows the dollar is doomed 6 more rate hikes planned!
Why The US Dollar Is Doomed (Gold Is Universal Money?)
March 20, 2022 2278
Only gold & silver will keep you safe from the impending financial disaster…
Lynette Zang on GoldCore TV
This week on GoldCore TV, Dave Russell welcomes Lynette Zang to discuss how central banks have weaponized financial assets to exert pressure on Russia. Will these actions have unintended consequences not only for financial markets but also for central bank currency reserves, jeopardizing the US Dollar’s status as the world’s reserve currency and undermining the global fiat currency system? And why Lynette Zang believes that only gold and silver will keep you safe from the impending financial disaster.
https://www.silverdoctors.com/headlines/world-news/why-the-us-dollar-is-doomed-gold-is-universal-money/
whatever it is.... is a fix for deep pockets! Been noticing some crazy volume in a few that I follow...can only assume some "agreements" have been realized.
I don't know about "last day in the eighties", but I do feel that it will be back over a dollar very soon.
Probably last day for the eighties
Just added a few more at .88
I feel fortunate to get them.
Everybody knows whats coming up
US !
Go $MUX
see you at power hour :)
Other boards with high volume mentioning the quadruple witching hour, explaining high volume so funds can settle their accounts. In other words it sounds like dark pools covering their arses cleaning up their books!
interesting....and about 12M is the short position...coincidence? :)
I understand P trades but I wasnt sure if there was any input on the reason for the big trades at the EOD.
MUX EOD volume #6 & P trades
16:00:03.....#6......Price 0.8764......VOL 12463924....NYSE
https://www.nyse.com/network/article/nyse-closing-auction?utm_source=homepage&utm_medium=banner
16:12:27......P......Price 0.8764.....VOL 1347689....NDD
Prior reference trade
A sale condition that identifies a trade based on a price at a prior point in time, i.e., more than 90 seconds prior to the time of the trade report. The execution time of the trade will be the time of the prior reference price.
Huge buying happening MUX is about to break out
1 Fighting to get the SP over a dollar to save NYSE listing
2. McEwen Copper new IPO happening this year
What is up with the eod volume? Is something brewing?
Having 87s with coffee Drink that Bankster
Joining me with coffee is Insider Mah G. Peter reporting buying 23,575 shares of $MUX for a total cost of $24,989.50
Go $MUX
.................
Finally a Coffee/Tea set for Silver investors
Zaha Hadid | Making Tea a Work of Architecture
MUX on my hit list again this morning
Perhaps you didn't notice but the miners were unlocked yesterday due to the feds rate hike.
The USD the biggest drag on the miners did not like the hike.
The miners might finally start to see a much anticipated rise as the
dollar starts it's "skyfall"
Also today is quad witching index option expiration
so who knows whats on the plate...
Keep up the good work MUXers and....
Have a Great weekend all :)
GLTA
Go $MUX
Just snagged some .82s for breakfast Mummmm $MUX~
Great info JD, keep it coming. Adding here!
Got some .79s this morning Eat Me Bankster~
1
Across the board miner sell off this morning
coming out of Hong Kong which is having it's worst day since 2008
Effecting large institution holders like Blackrock who hold large holdings in all the good miners.
Blockrock is MUXs 3rd largest institution holder
BLACKROCK INC. 12/31/2021 8,401,096
Heres a list of all 139
https://www.nasdaq.com/market-activity/stocks/mux/institutional-holdings
Now you know what to do, Theirs no question about it....we're going to shove there game right in there face !...
Battle on Miners ....Battle on MUXers...VICTORY AWAITS
Guidance = "Great Cash Flow" :)
https://ih.advfn.com/stock-market/NYSE/mcewen-mining-MUX/stock-news/87522430/mcewen-mining-provides-2022-guidance
go $MUX
Global shortfall in physical gold and silver supply
Ep: 65 - Live From The Vault - Russia sanctions hit physical gold and silver supply
MUX>>>DAY3 Battles...ON..Afterhours. MUX
0.96 0.06 6.08% 189.532K 0.91 2.04% 2.515M 415.565M
Counting these last three days like steps on the "Bankster Battlefield".... We're fighting for this NYSE listing traders
Keep Up the Great Work Muxers....Lets once and for all never let them minip the SP again
Their betting against us ....
We're Not Going To Let That Happen !
Good CC ""Awesome Management Team"" :)
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