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MUX McEwen Mining Reigns on new High Again
UXG now MUX gained .15 cents 3.1 % to 5.13 another new high of the year.
This stock has been raining shareholder value for almost a solid month now
Don't be mislead or misheard it's just that some people think it's rain other say reign and some even think it's Lorraine. It's been coming down for sometime now or coming down for sunny-D however you want to say it. A must hold in anybodies port IMO
MUX McEwen Mining Reigns on new High Again
UXG now MUX gained .15 cents 3.1 % to 5.13 another new high of the year.
This stock has been raining shareholder value for almost a solid month now
Don't be mislead or misheard it's just that some people think it's rain other say reign and some even think it's Lorraine. It's been coming down for sometime now or coming down for sunny-D however you want to say it. A must hold in anybodies port IMO
Ok I get the hint
another informative post
was to be in this spot
why?MUX
MUX Surfs Up Lets Ride So Grab.....
your surfboard , Put on your Wettiewarmer and lets analyze some serious wave action Ok dudes & Babes. If you believe in Elliot Waves which many investors do. Then you will notice MUX has had a radical wave man. I am totally stoked with this gnarly stock so I am putting on my nannobenders and sausage sling and will try to explain this.
Grab a sandbank and analyze this wigged out wave with me and maybe we can grab some bagaroos.
Since that low zaboob at 2.99 the wave has risen to 5.00 and we have not biffed yet. Can you dig brah dude man.
Just don't let them crabs pinch your feet and don't jump off or you will be on the bourbons and that could be a real kook move.
I don't think they are going to do a whoopsdangit.
There are some people who swear by Elliott Wave analysis, (and I belong to that tribe!). Briefly, Elliott Wave theory states that an impulse wave in a uptrend will be made up of five sub waves. Waves 1, 3 and 5 are all movements in the direction of the trend, with the third wave being the most powerful. Waves 2 and 4 are counter-trend movements as they serve to correct the immediately preceding wave.The importance of this formation is when we get a fourth wave later on, (once the 3rd wave is completed and before the 5th wave starts), that correction will likely be a simple formation. Elliott Wave principle states that corrections tend to alternate between simple and complex patterns. As a trader, this is an important clue, because you can add to your longs when you get the fourth wave dip.
When you spot a third wave rally unfolding, and you know the trend is strong, You will anticipate the ending point for the 3rd wave by doing some simple calculations. You will measure the distance traveled by the 1st wave, and compute what 161.8% of this will be. Next, you will add that number to the starting point of the 3rd wave.!
So my fellow surfers we are still in wave #1 I assume but may wrong if you want to count the blip a couple days ago
Good Morning
This post inspired this morning after watching Warren Buffetts song " IM a working on the railroad"
If he can wig out and laugh and sing well so can I.
http://www.aceshowbiz.com/news/view/00047160.html
tags, WaveTimes .
http://www.marketwatch.com/
MUX McEwen Mining Retracement Rally Underway
The real test will be if it can rise above it's 200 day moving average of 5.64 and if that happens the all time high of 9.87 will be in jeopardy of being shattered.
This stock is currently experiencing their biggest breakout since January 2009.
Due to there latest merger with Minera Andes which took place last Friday January 19
I'm going out on a limb here and predicting a listing price of over 8.00 The real listing price should be announced this week IMO
They have one giant helper driving them which is gold itself which is currently in it's retracement rally on it's way to breaking the 200 day moving average.
IMO
Not Investing Advice
MUX McEwen Mining Retracement Rally Underway
The real test will be if it can rise above it's 200 day moving average of 5.64 and if that happens the all time high of 9.87 will be in jeopardy of being shattered.
This stock is currently experiencing their biggest breakout since January 2009.
Due to there latest merger with Minera Andes which took place last Friday January 19
I'm going out on a limb here and predicting a listing price of over 8.00 The real listing price should be announced this week IMO
They have one giant helper driving them which is gold itself which is currently in it's retracement rally on it's way to breaking the 200 day moving average.
IMO
Not Investing Advice
MUX McEwen Mining Retracement Rally Underway
The real test will be if it can rise above it's 200 day moving average of 5.64 and if that happens the all time high of 9.87 will be in jeopardy of being shattered.
This stock is currently experiencing their biggest breakout since January 2009.
Due to there latest merger with Minera Andes which took place last Friday January 19
I'm going out on a limb here and predicting a listing price of over 8.00 The real listing price should be announced this week IMO
They have one giant helper driving them which is gold itself which is currently in it's retracement rally on it's way to breaking the 200 day moving average.
IMO
Not Investing Advice
MU Micron - Sector still have good upside potential.
http://www.moneyshow.com/trading/article/25/Charts09-26269/Semiconductors-Surging-on-Big-Volume/?aid=Charts09-26269&iid=Charts09&page=3#
Shareholder Meeting Highlights Today I attended
Today I attended the special meeting for US Gold and Minera Andes. US Gold meeting took place first at 4pm where the 5 proposals were reviewed and presented, all passed with 95% support. During the.............
http://goldandsilverlinings.com/?p=1844
Now That's Great Radio Cifikea 5 Stars in my Book
Very realistic and their hosts really have a market Marconi Award Winning stock radio show in the making here.
Of course the main highlight and the most insightful stock mentioned was UXG.
I will be listening to this stock radio broadcast for years to come.
J D 400
Hey penny 2 rules of thumb
1. Always choose a gold stock that the CEO has heavily invested in himself and with his own money Like MUX, Mr. McEwen has over 110 million of his own money in it.
2. Stick with the Americas. For instance Africa announced just last week that they could not supply electricity for all gold mining firms there. Russia not good either. They will only bring them down.
I would move over here. You will recoup your losses quickly as I did here a couple of years ago. when it went from 3 to 9.
Now I have that and the kitchen sink in this just like our CEO.
This MUX no brainier has 50 dollars a share written all over it. see gold corps history Rob built that.
UXG/MUX Investor Sentiment At Extreme lets look at
some of the drivers we can observe now and in the near term.
All IMO Not Investment Advice
First thing is that this stock is yellow metal driven.
And gold is not losing it's luster with all the turmoil the world is going through now. I think it is safe to say that it will reach 2,000 by the end of the year.
That this month is setting the tone for the rise of gold in the next 11 months. Gold is still at it's 11 year bullish up trend.
Silver who's risk reward is better than gold benefits from any type of market shifts. Markets are shifting this month to at least seem stronger and improving which will increase it's huge flight to safety as it did last year. I think it's safe to say silver will remain getting stronger in the next 11 months to the 40 plus range
Copper, the demand metal I call it, It needs home building but has remained fairly strong with institution building and the early signs this year is home builders are experiencing a better volume now than they have seen in the last couple of years. So it's getting more bullish everyday just at a snails pace.
Mux as it is in it's infancy now is experiencing a 800 million market cap which opens up a significant growth possibility and with El Gallo coming on line mid 2012 revenue growth and near term M & A combined will keep MUX bullish pattern strong as it did gold corps back in the day. So I can not put a number on any resistance levels because it could be 8 next month but could be 12 the next even in the 20's by the end of the year. Nobody can call this. Safe not to sell. Just Be
Shorts took it in the shorts last week bad by selling the old UXG train and in order for them to ride the new MUX golden luxury liner will have to spend their profits to play again and pay taxes on their impatients.too boot. They will be much less willing to sell their short line railroad next time..
This is just name a few that comes to my mind.
My bottom line today is that their is tremendous support of growth for this company because of their CEO which makes this a one of a kind stock of a lifetime
I think this is the best investment one could ever make. Patients is the key with this one. The train does not even leave the depot till January 24. Until then they will continue selling tickets for the ride of a lifetime. We are only in the first inning of the first game and still a long season ahead.
The trouble now is most of us need money bad now. That the so called non-recession is really still in recession just getting better at a snails pace. So what I have done is put as much as I could in when it was at the 3.50 to 4.00 range. I buried it in a hole in the back yard and try to forget about it. Not that I don't dig it up to check on it every hour . Some say I am taking a big chance that this is just a spec play until it proves better and they may be right, However by that time alot of profits get lost watching it. But if their ever was a one this is the one for me.So far so good I'm loving watching my portfolio skyrocket which is one of the reasons I,m so exuberant on this. It pays to diversify and I have done that too. Just in case I'm wrong. Each to his own.
Have a great weekend
S&P500 here we come! Investors cheer US Gold and Minera Andes merger
http://www.mining.com/2012/01/20/sp500-here-we-come-investors-cheer-us-gold-and-minera-andes-merger/
January 20, 2012 Print Article
Stock in both US Gold Corporation (NYSE:UXG)(TSX:UXG) and Minera Andes Inc. (TSX:MAI) charged ahead more than 7% in morning trade on Friday after announcing that their respective shareholders voted in favour of a proposed business combination.
The new entity will be renamed McEwen Mining: “I am thrilled that the proposed merger was overwhelmingly favoured by shareholders of Minera Andes and US Gold! This brings us one step closer to qualifying for the S&P 500. We look forward to future growth and prosperity this combination creates.” said Rob McEwen, CEO and largest shareholder of US Gold and Minera Andes.
The companies anticipate that the transaction will become effective on or about January 24, 2012, and shares of McEwen Mining be expected to commence trading on the Toronto Stock Exchange (“TSX”) and the New York Stock Exchange (“NYSE”) under the symbol “MUX” on or about January 27, 2012 concurrently with the commencement of trading on the TSX of the exchangeable shares of McEwen Mining – Minera Andes Acquisition Corp. to be received by Minera Andes shareholders under the symbol “MAQ”. Upon closing of the transaction, McEwen Mining will have an aggregate of 267,084,203 shares of common stock outstanding and issuable upon the exchange of exchangeable shares.
US Gold explores for gold and silver in the Americas and is advancing its El Gallo Project in Mexico and its Gold Bar Project in Nevada towards production. US Gold’s shares are listed on the NYSE and the TSX under the symbol UXG, trading 2.9 million shares daily during the past twelve months. US Gold’s shares are included in S&P/TSX and Russell indices and Van Eck’s Junior Gold Miners ETF. Rob McEwen, Chairman and CEO, owns 20% of the shares of US Gold.
Minera Andes is an exploration company exploring for gold, silver and copper in Argentina with three significant assets: One, a 49% interest in Minera Santa Cruz SA, owner of the San Jose Mine that is located near Goldcorp’s Cerro Negro project; Two, 100% ownership of the Los Azules copper deposit; Three, 100% ownership of a large portfolio of exploration properties in Santa Cruz province, Argentina, including properties bordering the Cerro Negro project. Minera Andes had $45 million USD in cash as at September 30, 2011 with no bank debt. Rob McEwen, Chairman and CEO, owns 30% of the shares of Minera Andes.
UXGs Now" MUX Midnight Special " " We Said Yes"
MUX formally UXG gained .35 cents 7.56% to $ 4.98 their best day of the year.
Their momentum song got 7,000 hits today
Longs where found dancing in the streets
Shorts were seen crying the blues
UXGs Now" MUX Midnight Special " " We Said Yes"
MUX formally UXG gained .35 cents 7.56% to $ 4.98 their best day of the year.
Their momentum song got 7,000 hits today
Longs where found dancing in the streets
Shorts were seen crying the blues
UXGs Now " MUX Midnight Special " " We Said Yes"
MUX formally UXG gained .35 cents 7.56% to $ 4.98 their best day of the year.
Their momentum song got 7,000 hits today
Longs where found dancing in the streets
Shorts were seen crying the blues
US Gold: McEwen Mining Shrs Seen Trading Under Symbol 'MUX'
US Gold: Minera Andes To Be Renamed McEwen Mining >UXG
US Gold: Minera Andes Deal Seen Closing On Or About Jan 24
DJ news source only provided 1 headline at a time
Minera Andes Announces Receipt of Final Court Order in Respect of Proposed Business Combination With US Gold
Date : 01/20/2012 @ 5:31PM
Source : MarketWire
Stock : US Gold Corporation and Minera Andes Inc. (UXG)
Quote : 4.98 0.35 (7.56%) @ 5:02PM
Minera Andes Announces Receipt of Final Court Order in Respect of Proposed Business Combination With US Gold
Print
Alert
U.S. Gold Corp. Common Stock (NYSE:UXG)
Intraday Stock Chart
Today : Friday 20 January 2012
Click Here for more U.S. Gold Corp. Common Stock Charts.
US Gold Corporation ("US Gold") (NYSE:UXG)(TSX:UXG) and Minera Andes Inc. ("Minera Andes") (TSX:MAI)(OTCBB:MNEAF) are pleased to announce that Minera Andes has been granted the final court order from the Court of Queen's Bench of Alberta approving the plan of arrangement under the Business Corporations Act (Alberta) (the "Arrangement"), pursuant to which US Gold will acquire Minera Andes and be renamed McEwen Mining Inc. ("McEwen Mining").
Pursuant to the Arrangement, each Minera Andes shareholder will receive 0.45 of an exchangeable share (an Exchangeable Share) in the capital of McEwen Mining - Minera Andes Acquisition Corp. (Exchangeco), a subsidiary of US Gold for every one (1) Minera Andes share held. Each Exchangeable Share will be exchangeable for US Gold Shares on a one-for-one basis at the option of the holder and in certain other circumstances. The Exchangeable Shares will also have voting rights, dividend entitlements and other attributes corresponding to the US Gold Shares. Each US Gold shareholder will continue to hold their existing US Gold shares in the renamed McEwen Mining. The Arrangement was overwhelmingly approved by the shareholders of US Gold and Minera Andes at their respective special meetings of shareholders held on January 19, 2012.
It is anticipated that the transaction will become effective on or about January 24, 2012, and shares of McEwen Mining be expected to commence trading on the New York Stock Exchange ("NYSE") and the Toronto Stock Exchange ("TSX") under the symbol "MUX" on or about January 27, 2012 concurrently with the commencement of trading on the TSX of the exchangeable shares of McEwen Mining - Minera Andes Acquisition Corp. to be received by Minera Andes shareholders under the symbol "MAQ". Upon closing of the transaction, McEwen Mining will have an aggregate of 267,084,203 shares of common stock outstanding and issuable upon the exchange of exchangeable shares.
ABOUT US GOLD (www.usgold.com) AND MINERA ANDES (www.minandes.com)
US Gold and Minera Andes entered into a definitive arrangement agreement on September 22, 2011, wherein each Minera Andes shareholder would receive 0.45 of an Exchangeable Share for every one (1) Minera Andes share held. On January 19, 2012 shareholders of US Gold and Minera Andes voted in favour of the Arrangement. US Gold's objective is to qualify for inclusion in the S&P 500 by 2015. US Gold explores for gold and silver in the Americas and is advancing its El Gallo Complex in Mexico and its Gold Bar Project in Nevada towards production. US Gold's shares are listed on the NYSE and the TSX under the symbol UXG, trading 2.9 million shares daily during the past twelve months. US Gold's shares are included in S&P/TSX and Russell indices and Van Eck's Junior Gold Miners ETF. Rob McEwen, Chairman and CEO, owns 20% of the shares of US Gold. Minera Andes is an exploration company exploring for gold, silver and copper in Argentina with three significant assets: One, a 49% interest in Minera Santa Cruz SA, owner of the San Jose Mine that is located near Goldcorp's Cerro Negro project; Two, 100% ownership of the Los Azules copper deposit; Three, 100% ownership of a large portfolio of exploration properties in Santa Cruz province, Argentina, including properties bordering the Cerro Negro project. Minera Andes had $45 million USD in cash as at September 30, 2011 with no bank debt. Rob McEwen, Chairman and CEO, owns 30% of the shares of Minera Andes.
Forward Looking and Cautionary Statements
This press 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 express, as at the date of this press release, the companies' 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, the completion of the proposed business combination between Minera Andes and US Gold (including the numerous approvals required in connection with such a business combination), risks related to business integration as a result of a successful business combination, factors associated with fluctuations in the market price of precious metals, mining industry risks, risks associated with foreign operations, risks related to litigation including specifically but not limited to Minera Andes' Los Azules property which if resolved adversely to Minera Andes (or the combined company, as the case may be) would materially affect Minera Andes' (or the combined company, as the case may be) ability to develop the Los Azules project, property title, 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. Neither US Gold nor Minera Andes undertakes any 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 US Gold's Annual Report on Form 10-K for the fiscal year ended December 31, 2010 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 US Gold.
See Minera Andes' Annual Information Form, filed on SEDAR (www.sedar.com), and its Form 40F, available on EDGAR (www.sec.gov), for additional information on risks, uncertainties and other factors relating to the forward-looking statements and information regarding Minera Andes. All forward-looking statements and information made in this news release are qualified by this cautionary statement.
The NYSE and TSX and 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 management of US Gold and Minera Andes.
Contacts:
US Gold Corporation / Minera Andes Inc.
Jenya Meshcheryakova
Investor Relations
(647) 258-0395 or Toll Free: (866) 441-0690
(647) 258-0408 (FAX)
US Gold Corporation / Minera Andes Inc.
181 Bay Street Suite 4750
Toronto, ON M5J 2T3
PO box 792
info@usgold.com or info@minandes.com
Shareholders Voted In Favour Of The Combination Between US Gold and Minera Andes,
pursuant to which US Gold will acquire Minera Andes and be renamed McEwen Mining Inc. ("McEwen Mining").
Jan. 20, 2012, 8:08 a.m. EST
US Gold and Minera Andes Shareholders Vote to Approve Business Combination
TORONTO, ONTARIO, Jan 20, 2012 (MARKETWIRE via COMTEX) -- US Gold Corporation ("US Gold") UXG +7.99% CA:UXG +6.81% and Minera Andes Inc. ("Minera Andes") CA:MAI +5.63% MNEAF +6.80% are pleased to announce that at each of their respective meetings on January 19, 2012, shareholders voted in favour of the proposed business combination between US Gold and Minera Andes, pursuant to which US Gold will acquire Minera Andes and be renamed McEwen Mining Inc. ("McEwen Mining").
At the special meeting of Minera Andes Shareholders, shares representing 66% of the issued and outstanding shares of Minera Andes were voted either in person or by proxy. The special resolution pertaining to the business combination was approved by over 89% of the votes cast by all Minera Andes shareholders, and as required by applicable securities law, a majority of the votes cast by minority shareholders.
At the special meeting of US Gold Shareholders, shares representing 64% of the issued and outstanding shares of US Gold were voted either in person or by proxy. Each of the proposals pertaining to the business combination were approved by over 94% of the votes cast by all US Gold shareholders and, where required by applicable securities law, a majority of the votes cast by minority shareholder.
"I am thrilled that the proposed merger was overwhelmingly favoured by shareholders of Minera Andes and US Gold! This brings us one step closer to qualifying for the S&P 500. We look forward to future growth and prosperity this combination creates." said Rob McEwen, CEO and largest shareholder of US Gold and Minera Andes.
The closing of the transaction is conditional on receipt of a final order from the Court of Queen's Bench of Alberta, which is expected shortly. Assuming receipt of the final order, it is anticipated that the transaction will become effective on or about January 24, 2012, and shares of McEwen Mining be expected to commence trading on the Toronto Stock Exchange ("TSX") and the New York Stock Exchange ("NYSE") under the symbol "MUX" on or about January 27, 2012 concurrently with the commencement of trading on the TSX of the exchangeable shares of McEwen Mining - Minera Andes Acquisition Corp. to be received by Minera Andes shareholders under the symbol "MAQ". Upon closing of the transaction, McEwen Mining will have an aggregate of 267,084,203 shares of common stock outstanding and issuable upon the exchange of exchangeable shares.
Shareholders are advised that detailed reports on voting will be made available shortly under each of the companies' profiles on SEDAR ( www.sedar.com ) and EDGAR ( www.sec.gov
http://www.marketwatch.com/story/us-gold-and-minera-andes-shareholders-vote-to-approve-business-combination-2012-01-20
13 new photos added today of El Gallo
http://www.facebook.com/media/set/?set=a.164805013603521.42749.144409045643118&type=1
http://www.usgold.com/
UXG One Step Closer To Qualifying For S&P 500
This was one giant leap for this company.
press release
Jan. 20, 2012, 8:08 a.m. EST
US Gold and Minera Andes Shareholders Vote to Approve Business Combination
TORONTO, ONTARIO, Jan 20, 2012 (MARKETWIRE via COMTEX) -- US Gold Corporation ("US Gold") UXG +7.99% CA:UXG +6.81% and Minera Andes Inc. ("Minera Andes") CA:MAI +5.63% MNEAF +6.80% are pleased to announce that at each of their respective meetings on January 19, 2012, shareholders voted in favour of the proposed business combination between US Gold and Minera Andes, pursuant to which US Gold will acquire Minera Andes and be renamed McEwen Mining Inc. ("McEwen Mining").
At the special meeting of Minera Andes Shareholders, shares representing 66% of the issued and outstanding shares of Minera Andes were voted either in person or by proxy. The special resolution pertaining to the business combination was approved by over 89% of the votes cast by all Minera Andes shareholders, and as required by applicable securities law, a majority of the votes cast by minority shareholders.
At the special meeting of US Gold Shareholders, shares representing 64% of the issued and outstanding shares of US Gold were voted either in person or by proxy. Each of the proposals pertaining to the business combination were approved by over 94% of the votes cast by all US Gold shareholders and, where required by applicable securities law, a majority of the votes cast by minority shareholder.
"I am thrilled that the proposed merger was overwhelmingly favoured by shareholders of Minera Andes and US Gold! This brings us one step closer to qualifying for the S&P 500. We look forward to future growth and prosperity this combination creates." said Rob McEwen, CEO and largest shareholder of US Gold and Minera Andes.
The closing of the transaction is conditional on receipt of a final order from the Court of Queen's Bench of Alberta, which is expected shortly. Assuming receipt of the final order, it is anticipated that the transaction will become effective on or about January 24, 2012, and shares of McEwen Mining be expected to commence trading on the Toronto Stock Exchange ("TSX") and the New York Stock Exchange ("NYSE") under the symbol "MUX" on or about January 27, 2012 concurrently with the commencement of trading on the TSX of the exchangeable shares of McEwen Mining - Minera Andes Acquisition Corp. to be received by Minera Andes shareholders under the symbol "MAQ". Upon closing of the transaction, McEwen Mining will have an aggregate of 267,084,203 shares of common stock outstanding and issuable upon the exchange of exchangeable shares.
Shareholders are advised that detailed reports on voting will be made available shortly under each of the companies' profiles on SEDAR ( www.sedar.com ) and EDGAR ( www.sec.gov
http://www.marketwatch.com/story/us-gold-and-minera-andes-shareholders-vote-to-approve-business-combination-2012-01-20
UXG One Step Closer To Qualifying For S&P 500
This was one giant leap for this company.
press release
Jan. 20, 2012, 8:08 a.m. EST
US Gold and Minera Andes Shareholders Vote to Approve Business Combination
TORONTO, ONTARIO, Jan 20, 2012 (MARKETWIRE via COMTEX) -- US Gold Corporation ("US Gold") UXG +7.99% CA:UXG +6.81% and Minera Andes Inc. ("Minera Andes") CA:MAI +5.63% MNEAF +6.80% are pleased to announce that at each of their respective meetings on January 19, 2012, shareholders voted in favour of the proposed business combination between US Gold and Minera Andes, pursuant to which US Gold will acquire Minera Andes and be renamed McEwen Mining Inc. ("McEwen Mining").
At the special meeting of Minera Andes Shareholders, shares representing 66% of the issued and outstanding shares of Minera Andes were voted either in person or by proxy. The special resolution pertaining to the business combination was approved by over 89% of the votes cast by all Minera Andes shareholders, and as required by applicable securities law, a majority of the votes cast by minority shareholders.
At the special meeting of US Gold Shareholders, shares representing 64% of the issued and outstanding shares of US Gold were voted either in person or by proxy. Each of the proposals pertaining to the business combination were approved by over 94% of the votes cast by all US Gold shareholders and, where required by applicable securities law, a majority of the votes cast by minority shareholder.
"I am thrilled that the proposed merger was overwhelmingly favoured by shareholders of Minera Andes and US Gold! This brings us one step closer to qualifying for the S&P 500. We look forward to future growth and prosperity this combination creates." said Rob McEwen, CEO and largest shareholder of US Gold and Minera Andes.
The closing of the transaction is conditional on receipt of a final order from the Court of Queen's Bench of Alberta, which is expected shortly. Assuming receipt of the final order, it is anticipated that the transaction will become effective on or about January 24, 2012, and shares of McEwen Mining be expected to commence trading on the Toronto Stock Exchange ("TSX") and the New York Stock Exchange ("NYSE") under the symbol "MUX" on or about January 27, 2012 concurrently with the commencement of trading on the TSX of the exchangeable shares of McEwen Mining - Minera Andes Acquisition Corp. to be received by Minera Andes shareholders under the symbol "MAQ". Upon closing of the transaction, McEwen Mining will have an aggregate of 267,084,203 shares of common stock outstanding and issuable upon the exchange of exchangeable shares.
Shareholders are advised that detailed reports on voting will be made available shortly under each of the companies' profiles on SEDAR ( www.sedar.com ) and EDGAR ( www.sec.gov
http://www.marketwatch.com/story/us-gold-and-minera-andes-shareholders-vote-to-approve-business-combination-2012-01-20
UXG One Step Closer To Qualifying For S&P 500
This was one giant leap for this company.
press release
Jan. 20, 2012, 8:08 a.m. EST
US Gold and Minera Andes Shareholders Vote to Approve Business Combination
TORONTO, ONTARIO, Jan 20, 2012 (MARKETWIRE via COMTEX) -- US Gold Corporation ("US Gold") UXG +7.99% CA:UXG +6.81% and Minera Andes Inc. ("Minera Andes") CA:MAI +5.63% MNEAF +6.80% are pleased to announce that at each of their respective meetings on January 19, 2012, shareholders voted in favour of the proposed business combination between US Gold and Minera Andes, pursuant to which US Gold will acquire Minera Andes and be renamed McEwen Mining Inc. ("McEwen Mining").
At the special meeting of Minera Andes Shareholders, shares representing 66% of the issued and outstanding shares of Minera Andes were voted either in person or by proxy. The special resolution pertaining to the business combination was approved by over 89% of the votes cast by all Minera Andes shareholders, and as required by applicable securities law, a majority of the votes cast by minority shareholders.
At the special meeting of US Gold Shareholders, shares representing 64% of the issued and outstanding shares of US Gold were voted either in person or by proxy. Each of the proposals pertaining to the business combination were approved by over 94% of the votes cast by all US Gold shareholders and, where required by applicable securities law, a majority of the votes cast by minority shareholder.
"I am thrilled that the proposed merger was overwhelmingly favoured by shareholders of Minera Andes and US Gold! This brings us one step closer to qualifying for the S&P 500. We look forward to future growth and prosperity this combination creates." said Rob McEwen, CEO and largest shareholder of US Gold and Minera Andes.
The closing of the transaction is conditional on receipt of a final order from the Court of Queen's Bench of Alberta, which is expected shortly. Assuming receipt of the final order, it is anticipated that the transaction will become effective on or about January 24, 2012, and shares of McEwen Mining be expected to commence trading on the Toronto Stock Exchange ("TSX") and the New York Stock Exchange ("NYSE") under the symbol "MUX" on or about January 27, 2012 concurrently with the commencement of trading on the TSX of the exchangeable shares of McEwen Mining - Minera Andes Acquisition Corp. to be received by Minera Andes shareholders under the symbol "MAQ". Upon closing of the transaction, McEwen Mining will have an aggregate of 267,084,203 shares of common stock outstanding and issuable upon the exchange of exchangeable shares.
Shareholders are advised that detailed reports on voting will be made available shortly under each of the companies' profiles on SEDAR ( www.sedar.com ) and EDGAR ( www.sec.gov
http://www.marketwatch.com/story/us-gold-and-minera-andes-shareholders-vote-to-approve-business-combination-2012-01-20
Major Gold Companies showing " income inequality" coffers full
from not sharing the wealth with investors when the price of gold rises.
Want to know why they don't rise with gold, here's one reason.
http://www.mining.com/2012/01/06/mining-ceos-make-up-a-quarter-of-highest-paid-canadian-chief-execs/
This will not happen with MUX
Gold's boast from euro last 48 hour plus more information on the need for fresh drivers.
http://www.kitco.com/KitcoNewsVideo/
Minera Andes Announces Fourth Quarter and Full Year 2011 San Jose Mine Production
TORONTO, ONTARIO--(Marketwire - Jan. 18, 2012) - Minera Andes (TSX:MAI)(OTCBB:MNEAF) is pleased to announce production results for the year and quarter ending December 31, 2011 from its 49% owned San José Mine in Santa Cruz Province, Argentina. Highlights for the respective periods are listed below. Production costs will be announced with year-end and fourth quarter financial results, expected to be released in late March 2012.
HIGHLIGHTS
Silver production (100% basis) for the fourth quarter and year-end totaled 1,453,580 and 5,869,517 ounces silver.
Gold production (100% basis) for the fourth quarter and year-end totaled 20,934 and 80,952 ounces gold.
The average grade of ore processed during 2011 was 444.0 gpt silver and 5.86 gpt gold.
A total of 93,320 meters of exploration and infill/reserve drilling is planned at the San José Mine in 2012. This is the largest drill program in the history of the mine.
In addition, a 20,000 meter exploration drill program is underway at Minera Andes 100% owned properties adjacent to the San José Mine and Goldcorp's Cerro Negro Project.
Drilling at the Los Azules Copper Project is expected to resume by the end of January. A total of 8,000 meters has been planned in order to test the potential to increase the size of the resource.
"The San José Mine's silver and gold production for 2011 successfully met expectations and we are forecasting similar levels for 2012. This stable performance is expected to help finance the growth of the McEwen Mining (A proposed merger between Minera Andes and US Gold, where shareholders are scheduled to vote on January 19th, 2012). I am also pleased to announce that our partners at San José (Hochschild Mining - 51% owner and operator) are preparing to double the size of the exploration program for 2012," stated Rob McEwen, Chairman and CEO.
OPERATING RESULTS
Year ended Dec. 31, 2011
Production for the San José Mine during 2011 was 5,869,517 ounces silver and 80,952 ounces gold (100% basis), compared with 5,324,842 ounces silver and 84,303 ounces gold in 2010. Silver production increased during 2011, despite downtime related to a 2.5 week strike in the first half of the year and a scheduled 2 week maintenance program in the Fourth Quarter. The increased silver production was due to a 12% improvement in the silver head grade. The slight decrease in gold production was due to a 5% reduction in gold head grade and the downtime mentioned above. The average grade of ore processed at San José was 444.0 gpt silver and 5.86 gpt gold. This compared with 397.0 gpt silver and 6.14 gpt gold during 2010. The average silver and gold grade variation represents normal fluctuations within the veins being mined and also different areas being sourced for production.
The average mill recovery in 2011 for silver was 85.6% and 88.7% for gold. This is compared to 83.9% for silver and 86.9% for gold in 2010.
OPERATING RESULTS
4th Quarter ended Dec. 31, 2011
San José production during the Fourth Quarter was 1,453,580 ounces silver and 20,934 ounces gold (100% basis), compared with 1,871,440 ounces silver and 26,141 ounces gold during the Fourth Quarter, 2010. The decrease in silver and gold production during the Fourth Quarter was due to two factors: 1) operations at the San José Mine were closed during the last two weeks of 2011 in order to perform scheduled maintenance, which reduced throughput during the quarter and, 2) a decrease in silver and gold grades, which represents normal fluctuations within the mining sequence.
SAN JOSÉ MINE PRODUCTION
COMPARISION (100% BASIS)* Total
2011 Q4
2011 Total
2010 Q4 2010
Ore production (tonnes) 462,825 126,675 461,134 135,710
Average head silver (gpt) 444 412 397 475
Average grade gold (gpt) 5.86 5.68 6.14 6.34
Silver produced (k oz) 5,870 1,454 5,324 1,871
Gold produced (k oz) 80.95 20.93 84.330 26.14
Silver sold (k oz) 6,087 1,750 5,284 1,962
Gold sold (k oz) 82.42 24.95 85.00 27.50
*Minera Andes holds a 49% attributable interest in the San José mine. The difference in the amount of metal sold in the quarter compared to the amount produced was due to timing differences.
Minera Andes makes reference to the operational and exploration update on the San José Mine released by Hochschild Mining on January 17, 2012. Minera Andes has not independently verified these results and a Qualified Person (as defined in Canadian NI 43-101) has not reviewed this information on behalf of the Company. Hochschild Mining is not required to report its exploration results in accordance with NI 43-101. As such, information is referenced for general interest only and should not be relied upon. The Company will issue and file on SEDAR and EDGAR an NI 43-101 compliant press release summarizing the exploration results following receipt of the applicable technical information.
About Minera Andes: Minera Andes is an exploration company exploring for gold, silver and copper in Argentina with three significant assets: A 49% interest in Minera Santa Cruz SA, owner of the San Jose Mine in close proximity to Goldcorp's Cerro Negro project; 100% ownership of the Los Azules copper deposit with an inferred mineral resource of 10.3 billion pounds of copper and an indicated resource of 2.2 billion pounds of copper; and, 100% ownership of a large portfolio of exploration properties in Santa Cruz province, Argentina, including properties bordering the Cerro Negro project in Santa Cruz Province. The Company has approximately $45.0 million USD in cash with no bank debt. Robert McEwen, Chairman and CEO, owns 30% of the shares of the company. On September 22, 2011, Minera Andes and US Gold Corporation ("US Gold") announced that the two companies have entered into an arrangement agreement, pursuant to which the companies will combine to form McEwen Mining. Each Minera Andes shareholder would receive 0.45 of a US Gold share for every Minera Andes share held. A Special Meeting will be held on January 19th, 2012 in order to vote on the proposed combination.
For further information, please contact: Jenya Meshcheryakova or visit our Web site: www.minandes.com.
Reliability of Information: 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. This press release is based entirely on information provided to Minera Andes by Minera Santa Cruz S.A. (MSC). Minera Andes' 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. As the Company is not the operator of the San José mine, there can be no assurance that production information reported to the Company by MSC is accurate, the Company has not independently verified such information and readers are therefore cautioned regarding the extent to which they should rely upon such information.
Caution Concerning Forward-Looking Statements:
This press release contains certain forward-looking statements and information. The forward-looking statements and information express, as at the date of this press release, the Company's plans, estimates, forecasts, projections, expectations or beliefs as to future events and results. Forward-looking statements involve a number of risks and uncertainties, and there can be no assurance that such statements will prove to be accurate. Therefore, actual results and future events could differ materially from those anticipated in such statements. Risks and uncertainties that could cause results or future events to differ materially from current expectations expressed or implied by the forward-looking statements include, but are not limited to, the completion of a business combination between Minera Andes and US Gold Corporation (including the numerous approvals required in connection with such a business combination), risks related to business integration as a result of a successful business combination, factors associated with fluctuations in the market price of precious metals, mining industry risks, risks associated with foreign operations, risks related to litigation, including specifically but not limited to the Corporation's Los Azules property which if resolved adversely to the Corporation (or the combined company, as the case may be) would materially affect Minera Andes' ability to develop the Los Azules project, property title, 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. 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 the Company's Annual Information Form, filed on SEDAR (www.sedar.com), and the Company's Form 40F, available on EDGAR (www.sec.gov), for additional information on risks, uncertainties and other factors relating to the forward-looking statements and information. All forward-looking statements and information made in this news release are qualified by this cautionary statement.
The TSX has not reviewed and does not accept responsibility for the adequacy or accuracy of the contents of this news release, which has been prepared by management.
Contact Information
Minera Andes Inc.
Jenya Meshcheryakova
Investor Relations
647-258-0395 or Toll-Free: 1-866-441-0690
647-258-0408 (FAX)
info@minandes.com
www.minandes.com
Argentina-focused Minera Andes Inc said fourth-quarter gold and silver
http://www.mineweb.com/mineweb/view/mineweb/en/page504?oid=143662&sn=Detail&pid=110649
Reuters) -
Argentina-focused Minera Andes Inc said fourth-quarter gold and silver production at its partly owned San Jose mine was down by about a fifth due to a two-week maintenance shutdown and a fall in ore quality.
Silver production dipped about 22 percent at 1.5 million ounces while gold output was down about 20 percent at 20,934 ounces, the Toronto-based company said in a statement.
Minera said the fall in silver and gold grades that affected fourth-quarter production "represented normal fluctuations within the mining sequence."
Canada's Minera owns 49 percent of the of San Jose mine in the Santa Cruz province of Argentina, while the remaining is owned by Peru-based Hochschild Mining PLC.
Minera shares closed at C$2.05 on Tuesday on the Toronto Stock Exchange.
© Thomson Reuters 2012 All rights reserved
MU Micron Technology Re-Inventing "The January Effect"
The "January Effect" in which corporations like Micron Technology set their tone of things to come for the whole year. Are showing all the signs of a really big year ahead.
Micron gained .49 cents 6.84% to $7.65 today their best day of the year.
Have you pondered where we all would be without this company.
The difference between touch tone and rotary IMO
MU Micron Technology Re-Inventing "The January Effect"
The "January Effect" in which corporations like Micron Technology set their tone of things to come for the whole year. Are showing all the signs of a really big year ahead.
Micron gained .49 cents 6.84% to $7.65 today their best day of the year.
Have you pondered where we all would be without this company.
The difference between touch tone and rotary IMO
MU Micron Technology Re-Inventing "The January Effect"
The "January Effect" in which corporations like Micron Technology set their tone of things to come for the whole year. Are showing all the signs of a really big year ahead.
Micron gained .49 cents 6.84% to $7.65 today their best day of the year.
Have you pondered where we all would be without this company.
The difference between touch tone and rotary IMO
UXGs Midnight Special Only Requisite "Just Be"
Just a ticket is all you need to board and enjoy this as lines deepen at the depot.
UXG gained .20 cents 4.45% to $4.69 today another great day in a string of many.
Investor sediment continues to strengthen rapidly as UXG inches towards Friday's merger and the much anticipated emergence of "McEwen Mining" is born. The "MUX" Midnight Special will be unveiled as Americas newest golden luxury liner . However it is not about the train. It is all about the conductor Rob McEwen gold corps former CEO who built that company .
So why is this any different from other gold miners. Because most of if not all of the major gold mining corporations are not sharing the wealth with there shareholders as the price of gold has increased dramatically in past years but their stock price does not rise with it accordingly.
Mr.McEwen believes if the price of gold rises that shareholder prices should rise right along with it with good company fundamentals in place.
That the majors have been filling up there treasures and their shareholders are left in the cold.
The next time you see the price of gold rise in the middle of the night you can bet your bottom dollar MUX will rise right along with it as many have predicted the price of gold to reach 2,000 by then end of 2012 and up to 5,000 in five years. And this my friends is what has dubbed their momentum name the "MUX Midnight Special" IMO
UXGs Midnight Special Only Requisite "Just Be"
Just a ticket is all you need to board and enjoy this as lines deepen at the depot.
UXG gained .20 cents 4.45% to $4.69 today another great day in a string of many.
Investor sediment continues to strengthen rapidly as UXG inches towards Friday's merger and the much anticipated emergence of "McEwen Mining" is born. The "MUX" Midnight Special will be unveiled as Americas newest golden luxury liner . However it is not about the train. It is all about the conductor Rob McEwen gold corps former CEO who built that company .
So why is this any different from other gold miners. Because most of if not all of the major gold mining corporations are not sharing the wealth with there shareholders as the price of gold has increased dramatically in past years but their stock price does not rise with it accordingly.
Mr.McEwen believes if the price of gold rises that shareholder prices should rise right along with it with good company fundamentals in place.
That the majors have been filling up there treasures and their shareholders are left in the cold.
The next time you see the price of gold rise in the middle of the night you can bet your bottom dollar MUX will rise right along with it as many have predicted the price of gold to reach 2,000 by then end of 2012 and up to 5,000 in five years. And this my friends is what has dubbed their momentum name the "MUX Midnight Special" IMO
UXGs Midnight Special Only Requisite "Just Be"
Just a ticket is all you need to board and enjoy this as lines deepen at the depot.
UXG gained .20 cents 4.45% to $4.69 today another great day in a string of many.
Investor sediment continues to strengthen rapidly as UXG inches towards Friday's merger and the much anticipated emergence of "McEwen Mining" is born. The "MUX" Midnight Special will be unveiled as Americas newest golden luxury liner . However it is not about the train. It is all about the conductor Rob McEwen gold corps former CEO who built that company .
So why is this any different from other gold miners. Because most of if not all of the major gold mining corporations are not sharing the wealth with there shareholders as the price of gold has increased dramatically in past years but their stock price does not rise with it accordingly.
Mr.McEwen believes if the price of gold rises that shareholder value should rise right along with it with good company fundamentals in place.
That the majors have been filling up there treasuries and their shareholders are left in the cold.
The next time you see the price of gold rise in the middle of the night you can bet your bottom dollar MUX will rise right along with it as many have predicted the price of gold to reach 2,000 by the end of 2012 and up to 5,000 in five years. And this my friends is what has dubbed their momentum name the "MUX Midnight Special" IMO
UXGs Midnight Special name better than IBMs Big Blue
More fitting too as gold's price goes up so often in the middle of the night.
That web site has had 12,000 plus hits since Mondays post
UXG gained .27 cents up 6.40% today, Their best day of the year so far.
IMO It is just a great song to sing while watching this investment zoom.
Theirs nothing holding the Midnight Special down now.
All Aboard !
UXGs Midnight Special name better than IBMs Big Blue
More fitting too as gold's price goes up so often in the middle of the night.
That web site has had 12,000 plus hits since Mondays post
UXG gained .27 cents up 6.40% today, Their best day of the year so far.
IMO It is just a great song to sing while watching this investment zoom.
Theirs nothing holding the Midnight Special down now.
All Aboard !
UXGs Midnight Special name better than IBMs Big Blue
More fitting too as gold's price goes up so often in the middle of the night.
That web site has had 12,000 plus hits since Mondays post
UXG gained .27 cents up 6.40% to $4.49 today, Their best day of the year so far.
IMO It is just a great song to sing while watching this investment zoom.
Theirs nothing holding the Midnight Special down now.
All Aboard !
UXGs Midnight Special up to 4.25 Shinning Light
UXGs Midnight Special up to 4.25 Shinning Light