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The Scariest Scene Ever - Nosferatu (1922)
Pet Sematary: Bloodlines | Hospital Chase | Paramount+
Christine (1983) - The Fiery Fury Scene
he Fly (1958) Help Me! Help Me!
THE TINGLER (1959, Vincent Price, William Castle)
Haunted gold mine? Is there any ghosts or spirits? Halloween
Haunted gold mine? Is there any ghosts or spirits? Halloween
McEwen Mining Inc (NYSE:MUX) Shares Sold by Van ECK Associates Corp
$MUX ETF Machine Report
with MMGYS soundtrack
McEwen Mining Inc (NYSE:MUX) Shares Sold by Van ECK Associates Corp
Posted by MarketBeat News on Oct 29th, 2023
McEwen Mining logoVan ECK Associates Corp trimmed its position in McEwen Mining Inc (NYSE:MUX – Free Report) (TSE:MUX) by 8.4% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,997,841 shares of the basic materials company’s stock after selling 182,159 shares during the period. Van ECK Associates Corp owned 4.21% of McEwen Mining worth $14,364,000 at the end of the most recent reporting period.
A number of other hedge funds have also bought and sold shares of the company. BlackRock Inc. grew its stake in McEwen Mining by 11.1% in the first quarter. BlackRock Inc. now owns 9,331,628 shares of the basic materials company’s stock worth $7,854,000 after purchasing an additional 930,532 shares in the last quarter. Vanguard Group Inc. grew its stake in McEwen Mining by 1.4% in the first quarter. Vanguard Group Inc. now owns 6,406,958 shares of the basic materials company’s stock worth $5,393,000 after purchasing an additional 86,204 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in McEwen Mining by 2.5% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,957,476 shares of the basic materials company’s stock worth $1,648,000 after purchasing an additional 47,610 shares in the last quarter. Renaissance Technologies LLC grew its stake in McEwen Mining by 428.2% in the first quarter. Renaissance Technologies LLC now owns 1,421,300 shares of the basic materials company’s stock worth $1,196,000 after purchasing an additional 1,152,200 shares in the last quarter. Finally, Swiss National Bank grew its stake in McEwen Mining by 7.3% in the first quarter. Swiss National Bank now owns 922,931 shares of the basic materials company’s stock worth $777,000 after purchasing an additional 62,400 shares in the last quarter. 19.63% of the stock is currently owned by institutional investors and hedge funds.
https://www.etfdailynews.com/2023/10/29/mcewen-mining-inc-nysemux-shares-sold-by-van-eck-associates-corp/
$MUX ETF Machine Report
with MMGYS soundtrack
McEwen Mining Inc (NYSE:MUX) Shares Sold by Van ECK Associates Corp
Posted by MarketBeat News on Oct 29th, 2023
McEwen Mining logoVan ECK Associates Corp trimmed its position in McEwen Mining Inc (NYSE:MUX – Free Report) (TSE:MUX) by 8.4% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,997,841 shares of the basic materials company’s stock after selling 182,159 shares during the period. Van ECK Associates Corp owned 4.21% of McEwen Mining worth $14,364,000 at the end of the most recent reporting period.
A number of other hedge funds have also bought and sold shares of the company. BlackRock Inc. grew its stake in McEwen Mining by 11.1% in the first quarter. BlackRock Inc. now owns 9,331,628 shares of the basic materials company’s stock worth $7,854,000 after purchasing an additional 930,532 shares in the last quarter. Vanguard Group Inc. grew its stake in McEwen Mining by 1.4% in the first quarter. Vanguard Group Inc. now owns 6,406,958 shares of the basic materials company’s stock worth $5,393,000 after purchasing an additional 86,204 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in McEwen Mining by 2.5% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,957,476 shares of the basic materials company’s stock worth $1,648,000 after purchasing an additional 47,610 shares in the last quarter. Renaissance Technologies LLC grew its stake in McEwen Mining by 428.2% in the first quarter. Renaissance Technologies LLC now owns 1,421,300 shares of the basic materials company’s stock worth $1,196,000 after purchasing an additional 1,152,200 shares in the last quarter. Finally, Swiss National Bank grew its stake in McEwen Mining by 7.3% in the first quarter. Swiss National Bank now owns 922,931 shares of the basic materials company’s stock worth $777,000 after purchasing an additional 62,400 shares in the last quarter. 19.63% of the stock is currently owned by institutional investors and hedge funds.
https://www.etfdailynews.com/2023/10/29/mcewen-mining-inc-nysemux-shares-sold-by-van-eck-associates-corp/
$MUX ETF Machine Report
with MMGYS soundtrack
McEwen Mining Inc (NYSE:MUX) Shares Sold by Van ECK Associates Corp
Posted by MarketBeat News on Oct 29th, 2023
McEwen Mining logoVan ECK Associates Corp trimmed its position in McEwen Mining Inc (NYSE:MUX – Free Report) (TSE:MUX) by 8.4% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,997,841 shares of the basic materials company’s stock after selling 182,159 shares during the period. Van ECK Associates Corp owned 4.21% of McEwen Mining worth $14,364,000 at the end of the most recent reporting period.
A number of other hedge funds have also bought and sold shares of the company. BlackRock Inc. grew its stake in McEwen Mining by 11.1% in the first quarter. BlackRock Inc. now owns 9,331,628 shares of the basic materials company’s stock worth $7,854,000 after purchasing an additional 930,532 shares in the last quarter. Vanguard Group Inc. grew its stake in McEwen Mining by 1.4% in the first quarter. Vanguard Group Inc. now owns 6,406,958 shares of the basic materials company’s stock worth $5,393,000 after purchasing an additional 86,204 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in McEwen Mining by 2.5% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,957,476 shares of the basic materials company’s stock worth $1,648,000 after purchasing an additional 47,610 shares in the last quarter. Renaissance Technologies LLC grew its stake in McEwen Mining by 428.2% in the first quarter. Renaissance Technologies LLC now owns 1,421,300 shares of the basic materials company’s stock worth $1,196,000 after purchasing an additional 1,152,200 shares in the last quarter. Finally, Swiss National Bank grew its stake in McEwen Mining by 7.3% in the first quarter. Swiss National Bank now owns 922,931 shares of the basic materials company’s stock worth $777,000 after purchasing an additional 62,400 shares in the last quarter. 19.63% of the stock is currently owned by institutional investors and hedge funds.
https://www.etfdailynews.com/2023/10/29/mcewen-mining-inc-nysemux-shares-sold-by-van-eck-associates-corp/
I've Been Living In A Ghost Town For Almost 4 Years!
I've Been Living In A Ghost Town For Almost 4 Years!
We're all in World Series shock here in Az.
Ever since that electrifying miracle 3rd inning
Diamondbacks Hit 4 Home Runs in ONE INNING | 2023 MLB Postseason
Enjoy the series everybody :)
We're all in World Series shock here in Az.
Ever since that electrifying miracle 3rd inning
Diamondbacks Hit 4 Home Runs in ONE INNING | 2023 MLB Postseason
Enjoy the series everybody :)
Why have all Chinese banks disappeared from the LBMA Gold Price auction?
Date 24 Oct 2023 01:12
There has been an unprecedented departure of all the Chinese banks from the LBMA Gold Price auctions.
These departures have gone uncommented by the LBMA, the FCA, the mainstream media, the auction administrator ICE Benchmark Administration, and by the Chinese banks themselves.
The exit of the Chinese banks raises questions as to what this has done to the auction liquidity and price discovery as the auctions are not reflecting supply and demand of gold from China – the world’s largest gold miner, gold importer and gold consumer.
Fox Guarding the Henhouse
When the twice daily LBMA Gold Price auction was launched on 20 March 2015 to replace the infamous and London Gold Fixing, one of the mantras from the ‘Fox Guarding the Henhouse’ at that time was that the new improved auction would include an expanded list of participants beyond the old ‘Gang of 5’ cartel of Fixers which had been Barclays, HSBC, Société Générale Scotia and Deutsche Bank.
Fantastic research column continues here>>>>>
https://www.bullionstar.com/blogs/ronan-manly/why-have-all-chinese-banks-disappeared-from-the-lbma-gold-price-auction/
Why have all Chinese banks disappeared from the LBMA Gold Price auction?
Date 24 Oct 2023 01:12
There has been an unprecedented departure of all the Chinese banks from the LBMA Gold Price auctions.
These departures have gone uncommented by the LBMA, the FCA, the mainstream media, the auction administrator ICE Benchmark Administration, and by the Chinese banks themselves.
The exit of the Chinese banks raises questions as to what this has done to the auction liquidity and price discovery as the auctions are not reflecting supply and demand of gold from China – the world’s largest gold miner, gold importer and gold consumer.
Fox Guarding the Henhouse
When the twice daily LBMA Gold Price auction was launched on 20 March 2015 to replace the infamous and London Gold Fixing, one of the mantras from the ‘Fox Guarding the Henhouse’ at that time was that the new improved auction would include an expanded list of participants beyond the old ‘Gang of 5’ cartel of Fixers which had been Barclays, HSBC, Société Générale Scotia and Deutsche Bank.
Fantastic research column continues here>>>>>
https://www.bullionstar.com/blogs/ronan-manly/why-have-all-chinese-banks-disappeared-from-the-lbma-gold-price-auction/
Gold market analysis for October 25 - key intra-day price entry levels for active traders
Jim Wyckoff
Wednesday October 25, 2023 07:51
(Kitco News) - This 5-minute bar chart for Comex gold futures can be a valuable analytical and trading tool for the active intra-day gold futures trader/market watcher. The 5-minute bar chart for the active gold futures contract shows key short-term moving averages (10- and 20-period), which the trader can use for crossover buy and sell signals. Also, based on key short-term technical support and resistance levels, I show potential buy and sell price entry points. (Remember, most successful traders buy on early price strength and sell on early price weakness.) If you are an active intra-day trader of gold, you definitely want to check out this unique and exclusive daily trading/analytical tool found only at Kitco.
Gold market analysis for October 25 - key intra-day price entry levels for active traders
Jim Wyckoff
Wednesday October 25, 2023 07:51
(Kitco News) - This 5-minute bar chart for Comex gold futures can be a valuable analytical and trading tool for the active intra-day gold futures trader/market watcher. The 5-minute bar chart for the active gold futures contract shows key short-term moving averages (10- and 20-period), which the trader can use for crossover buy and sell signals. Also, based on key short-term technical support and resistance levels, I show potential buy and sell price entry points. (Remember, most successful traders buy on early price strength and sell on early price weakness.) If you are an active intra-day trader of gold, you definitely want to check out this unique and exclusive daily trading/analytical tool found only at Kitco.
Junior Miners Have Capitulated & Slingshot Move Coming Soon says Pro Mining Investor David Erfle
MiningStockEducation.com
Oct 24, 2023 #miningstocks #resourceinvesting #goldinvesting
In this interview pro mining investor David Erfle provides his commentary on the gold price and junior gold stock sector. He explains why he believes the junior miners have already capitulated and that a slingshot move upwards is coming. David Erfle is a self-taught mining sector investor. He stumbled upon the mining space in 2003 as he was looking to invest into a growing sector of the market. After researching the gains made from the 2001 bottom in the tiny gold and silver complex, he became fascinated with this niche market. So much so that in 2005 he decided to sell his home and invest the entire proceeds from the sale into junior mining companies. When his account had tripled by September, 2007, he decided to quit his job as the Telecommunications Equipment Buyer at UCLA and make investing in this sector his full-time job. David founded the Junior Miner Junky subscription-based newsletter in April, 2017 and writes a weekly column for precious metals news service Kitco.com, whose website attracts nearly a million visits every day.
Junior Miners Have Capitulated & Slingshot Move Coming Soon says Pro Mining Investor David Erfle
MiningStockEducation.com
Oct 24, 2023 #miningstocks #resourceinvesting #goldinvesting
In this interview pro mining investor David Erfle provides his commentary on the gold price and junior gold stock sector. He explains why he believes the junior miners have already capitulated and that a slingshot move upwards is coming. David Erfle is a self-taught mining sector investor. He stumbled upon the mining space in 2003 as he was looking to invest into a growing sector of the market. After researching the gains made from the 2001 bottom in the tiny gold and silver complex, he became fascinated with this niche market. So much so that in 2005 he decided to sell his home and invest the entire proceeds from the sale into junior mining companies. When his account had tripled by September, 2007, he decided to quit his job as the Telecommunications Equipment Buyer at UCLA and make investing in this sector his full-time job. David founded the Junior Miner Junky subscription-based newsletter in April, 2017 and writes a weekly column for precious metals news service Kitco.com, whose website attracts nearly a million visits every day.
$STRRF Canadian Gold Corp. Announces Non-Brokered $2.25 Million Financing, Lead order from Rob McEwen the Company’s Largest Shareholder
Toronto, Ontario – October 18, 2023 – Canadian Gold Corp. (TSXV: CGC) (“Canadian Gold” or the “Company”) announces that it has initiated a non-brokered private placement offering of up to $2,225,000, by the issuance of both flow-through common shares and non-flow through Units. Rob McEwen, the Company’s largest shareholder (37.6% of the outstanding common shares) has committed to purchase $500,000 of the Units.
Each flow-through share will be priced at $0.23 per share. Each Unit will be priced at $0.14 per Unit, and each Unit shall consist of one common share and one share purchase warrant exercisable at $0.215 per share for 18 months.
The use of proceeds, if fully subscribed, are anticipated to be incurred to evaluate the following:
Exploration Drilling: A Phase 2 exploration drilling program at the Tartan Mine in Flin Flon, Manitoba, in order to expand upon the Company’s recent exploration successes, which included drill results situated below the mineral resource estimate, including 8 gpt gold over 12.6 metres and 4.2 gpt gold over 53.7 metres, including 12.0 gpt gold over 8.0 metres.
Ore Sorting Study: The merits of an ore sorting testing program, for the purpose of potentially increasing the value per ton of mill feed and reducing the amount of waste material required to mine the deposit.
Metallurgical Test work: Additional metallurgical studies that will look to further increase gold recoveries at the process plant, using a processing method (crushing, grinding, gravity concentration followed by whole ore leaching) for finer mill grinding, powered by Manitoba’s low cost, renewable power.
Mine Permitting: Evaluate and initiate the required operating permits in order to change process plant designs, and to undertake capital studies that will help the Company estimate the potential costs associated with re-opening the Tartan Mine.
With the closing of this proposed financing, the Company is expected to have sufficient funding for working capital, with exploration work being financed from the flow through shares, including the flow-through credits offered in Manitoba where applicable – which are some of the most tax favourable within Canada.
The offering is subject to receipt of approval by the TSX Venture Exchange and any of other regulator having jurisdiction. It is intended that the flow-through shares will qualify as ‘flow through shares’ within the meaning of the Income Tax Act (Canada) and will be offered to all qualified purchasers’ resident of any Canadian province in reliance upon exemptions from the prospectus and registration requirements of applicable securities legislation. The securities issued upon the closing of the offering will be subject to a four month hold period from the date of issue, including any other re-sale restrictions imposed by applicable securities regulatory authorities.
A finder’s fee equal to 6% of the gross proceeds raised may be paid to eligible finders in connection with the offering, excluding any funds from Rob McEwen, management, or the board of directors. The offering is expected to close on or around October 31, 2023.
For Further Information, Please Contact:
Jennifer Boyle
Director
Canadian Gold Corp.
(416) 904-2714
info@canadiangoldcorp.com
$STRRF Canadian Gold Corp. Announces Non-Brokered $2.25 Million Financing, Lead order from Rob McEwen the Company’s Largest Shareholder
Toronto, Ontario – October 18, 2023 – Canadian Gold Corp. (TSXV: CGC) (“Canadian Gold” or the “Company”) announces that it has initiated a non-brokered private placement offering of up to $2,225,000, by the issuance of both flow-through common shares and non-flow through Units. Rob McEwen, the Company’s largest shareholder (37.6% of the outstanding common shares) has committed to purchase $500,000 of the Units.
Each flow-through share will be priced at $0.23 per share. Each Unit will be priced at $0.14 per Unit, and each Unit shall consist of one common share and one share purchase warrant exercisable at $0.215 per share for 18 months.
The use of proceeds, if fully subscribed, are anticipated to be incurred to evaluate the following:
Exploration Drilling: A Phase 2 exploration drilling program at the Tartan Mine in Flin Flon, Manitoba, in order to expand upon the Company’s recent exploration successes, which included drill results situated below the mineral resource estimate, including 8 gpt gold over 12.6 metres and 4.2 gpt gold over 53.7 metres, including 12.0 gpt gold over 8.0 metres.
Ore Sorting Study: The merits of an ore sorting testing program, for the purpose of potentially increasing the value per ton of mill feed and reducing the amount of waste material required to mine the deposit.
Metallurgical Test work: Additional metallurgical studies that will look to further increase gold recoveries at the process plant, using a processing method (crushing, grinding, gravity concentration followed by whole ore leaching) for finer mill grinding, powered by Manitoba’s low cost, renewable power.
Mine Permitting: Evaluate and initiate the required operating permits in order to change process plant designs, and to undertake capital studies that will help the Company estimate the potential costs associated with re-opening the Tartan Mine.
With the closing of this proposed financing, the Company is expected to have sufficient funding for working capital, with exploration work being financed from the flow through shares, including the flow-through credits offered in Manitoba where applicable – which are some of the most tax favourable within Canada.
The offering is subject to receipt of approval by the TSX Venture Exchange and any of other regulator having jurisdiction. It is intended that the flow-through shares will qualify as ‘flow through shares’ within the meaning of the Income Tax Act (Canada) and will be offered to all qualified purchasers’ resident of any Canadian province in reliance upon exemptions from the prospectus and registration requirements of applicable securities legislation. The securities issued upon the closing of the offering will be subject to a four month hold period from the date of issue, including any other re-sale restrictions imposed by applicable securities regulatory authorities.
A finder’s fee equal to 6% of the gross proceeds raised may be paid to eligible finders in connection with the offering, excluding any funds from Rob McEwen, management, or the board of directors. The offering is expected to close on or around October 31, 2023.
For Further Information, Please Contact:
Jennifer Boyle
Director
Canadian Gold Corp.
(416) 904-2714
info@canadiangoldcorp.com
Edward Huebert Appointed President and CEO
October 18, 2023
Toronto, Ontario – October 18, 2023 – Canadian Gold Corp. (TSXV: CGC) (“Canadian Gold” or the “Company”) is pleased to announce, with the endorsement of Rob McEwen (the Company’s largest shareholder – 37.6% of the outstanding common shares), the appointment of Edward (Ed) Huebert, as President, Chief Executive Officer, and director. Ed will be replacing Ian Ball, who was serving as Interim President and CEO.
$STRRF
https://canadiangoldcorp.com/news-2023/
Edward Huebert Appointed President and CEO
October 18, 2023
Toronto, Ontario – October 18, 2023 – Canadian Gold Corp. (TSXV: CGC) (“Canadian Gold” or the “Company”) is pleased to announce, with the endorsement of Rob McEwen (the Company’s largest shareholder – 37.6% of the outstanding common shares), the appointment of Edward (Ed) Huebert, as President, Chief Executive Officer, and director. Ed will be replacing Ian Ball, who was serving as Interim President and CEO.
https://canadiangoldcorp.com/news-2023/
I like the headline that said "These are not your Dads Stocks"
with MMGYS soundtrack
Have a good weekend everybody :)
Institutional Miners missed the memo 3 years ago
as for $MUX 3.2% of the outstanding shares are actually owned by human beings !
We're playing machines in a casino man not my daddy's stocks
Jesse said today
Gold and silver initially rallied strongly, but were whittled back as the day wore on.
The metals shorts may be giving way, but they are drawing a line in the sand at gold $2000.
If that resistance is broken, gold may run.[
Andrew said today (changes coming to gold in 67 days)
Why a real physical gold price will rise from the Cartels ashes in 2024 - LFTV Ep 145
Kinesis Money
Oct 20, 2023
In this week’s episode of Live from the Vault, Andrew Maguire kicks off with a discussion about the synthetic disconnect between the speculators and the COMEX, before delving into the behind-the-scenes moves affecting gold prices.
The precious metals expert takes listeners through the current bullish market behaviour and what’s driving it as we approach the end of 2023, harkening back to his start of the year predictions about the impact of Basel III NSFR compliance./b]
I like the headline that said "These are not your Dads Stocks"
with MMGYS soundtrack
Have a good weekend everybody :)
Institutional Miners missed the memo 3 years ago
as for $MUX 3.2% of the outstanding shares are actually owned by human beings !
We're playing machines in a casino man not my daddy's stocks
Jesse said today
Gold and silver initially rallied strongly, but were whittled back as the day wore on.
The metals shorts may be giving way, but they are drawing a line in the sand at gold $2000.
If that resistance is broken, gold may run.[
Andrew said today (changes coming to gold in 67 days)
Why a real physical gold price will rise from the Cartels ashes in 2024 - LFTV Ep 145
Kinesis Money
Oct 20, 2023
In this week’s episode of Live from the Vault, Andrew Maguire kicks off with a discussion about the synthetic disconnect between the speculators and the COMEX, before delving into the behind-the-scenes moves affecting gold prices.
The precious metals expert takes listeners through the current bullish market behaviour and what’s driving it as we approach the end of 2023, harkening back to his start of the year predictions about the impact of Basel III NSFR compliance./b]
Why a real physical gold price will rise from the Cartels ashes in 2024 - LFTV Ep 145
Kinesis Money
Oct 20, 2023
In this week’s episode of Live from the Vault, Andrew Maguire kicks off with a discussion about the synthetic disconnect between the speculators and the COMEX, before delving into the behind-the-scenes moves affecting gold prices.
The precious metals expert takes listeners through the current bullish market behaviour and what’s driving it as we approach the end of 2023, harkening back to his start of the year predictions about the impact of Basel III NSFR compliance.
Why a real physical gold price will rise from the Cartels ashes in 2024 - LFTV Ep 145
Kinesis Money
Oct 20, 2023
In this week’s episode of Live from the Vault, Andrew Maguire kicks off with a discussion about the synthetic disconnect between the speculators and the COMEX, before delving into the behind-the-scenes moves affecting gold prices.
The precious metals expert takes listeners through the current bullish market behaviour and what’s driving it as we approach the end of 2023, harkening back to his start of the year predictions about the impact of Basel III NSFR compliance.
Love how Rob helps the little miners !
Rob McEwen invests in junior gold explorer McFarlane Lake
with MMGYS soundtrack
Staff Writer | October 17, 2023 | 2:38 pm Exploration Markets Canada Gold
Canadian gold explorer McFarlane Lake Mining (NEO: MLM) announced Tuesday that it intends raise C$4.5 million through the sale of a combination of units and flow-through shares of the company, with McEwen chairman Rob McEwen acting as the lead investor.
In total, McFarlane Lake intends to issue 50 million units priced at C$0.05 each and approximately 33.3 million flow-through shares priced at C$0.06 apiece. McEwen, who has been associated with the gold industry throughout his career, has agreed to subscribe for C$1 million worth of the securities.
Shares of McFarlane Lake soared by 30.8% to C$0.085 at market close, giving the junior gold miner a market capitalization of C$9.6 million.
Net proceeds will be used by the company to further explore the High Lake gold property, which straddles the Ontario-Manitoba border and could potentially be developed together with its West Hawk Lake project located on the Manitoba side.
Exploration on the High Lake property has led to the identification of a mineralized zone with potential for open-pit mining. To date, the deposit contains an estimated indicated resource of 152,000 tonnes grading 9.38 g/t gold and inferred resource of 287,000 tonnes at 10.43 g/t gold.
“We are delighted that Rob McEwen is participating in the offering and look forward to working with him as we continue to build out our gold resources at High Lake and develop our Canadian gold properties,” Mark Trevisiol, CEO of McFarlane Lake, said in a news release.
McEwen’s company currently holds three producing mines in Nevada, Ontario, and Argentina, as well as a 68% interest in the large Los Azules copper project in Argentina.
“I was attracted to McFarlane Lake because of its terrific high-grade intercepts and the fact that it is in Canada and located close to where Goldcorp Inc. enjoyed such phenomenal exploration success and profitability,” McEwen said in a statement.
https://www.mining.com/rob-mcewen-invests-in-junior-gold-explorer-mcfarlane-lake/
Rob McEwen invests in junior gold explorer McFarlane Lake
with MMGYS soundtrack
Staff Writer | October 17, 2023 | 2:38 pm Exploration Markets Canada Gold
Canadian gold explorer McFarlane Lake Mining (NEO: MLM) announced Tuesday that it intends raise C$4.5 million through the sale of a combination of units and flow-through shares of the company, with McEwen chairman Rob McEwen acting as the lead investor.
In total, McFarlane Lake intends to issue 50 million units priced at C$0.05 each and approximately 33.3 million flow-through shares priced at C$0.06 apiece. McEwen, who has been associated with the gold industry throughout his career, has agreed to subscribe for C$1 million worth of the securities.
Shares of McFarlane Lake soared by 30.8% to C$0.085 at market close, giving the junior gold miner a market capitalization of C$9.6 million.
Net proceeds will be used by the company to further explore the High Lake gold property, which straddles the Ontario-Manitoba border and could potentially be developed together with its West Hawk Lake project located on the Manitoba side.
Exploration on the High Lake property has led to the identification of a mineralized zone with potential for open-pit mining. To date, the deposit contains an estimated indicated resource of 152,000 tonnes grading 9.38 g/t gold and inferred resource of 287,000 tonnes at 10.43 g/t gold.
“We are delighted that Rob McEwen is participating in the offering and look forward to working with him as we continue to build out our gold resources at High Lake and develop our Canadian gold properties,” Mark Trevisiol, CEO of McFarlane Lake, said in a news release.
McEwen’s company currently holds three producing mines in Nevada, Ontario, and Argentina, as well as a 68% interest in the large Los Azules copper project in Argentina.
“I was attracted to McFarlane Lake because of its terrific high-grade intercepts and the fact that it is in Canada and located close to where Goldcorp Inc. enjoyed such phenomenal exploration success and profitability,” McEwen said in a statement.
https://www.mining.com/rob-mcewen-invests-in-junior-gold-explorer-mcfarlane-lake/
Rob McEwen invests in junior gold explorer McFarlane Lake
with MMGYS soundtrack
Staff Writer | October 17, 2023 | 2:38 pm Exploration Markets Canada Gold
Canadian gold explorer McFarlane Lake Mining (NEO: MLM) announced Tuesday that it intends raise C$4.5 million through the sale of a combination of units and flow-through shares of the company, with McEwen chairman Rob McEwen acting as the lead investor.
In total, McFarlane Lake intends to issue 50 million units priced at C$0.05 each and approximately 33.3 million flow-through shares priced at C$0.06 apiece. McEwen, who has been associated with the gold industry throughout his career, has agreed to subscribe for C$1 million worth of the securities.
Shares of McFarlane Lake soared by 30.8% to C$0.085 at market close, giving the junior gold miner a market capitalization of C$9.6 million.
Net proceeds will be used by the company to further explore the High Lake gold property, which straddles the Ontario-Manitoba border and could potentially be developed together with its West Hawk Lake project located on the Manitoba side.
Exploration on the High Lake property has led to the identification of a mineralized zone with potential for open-pit mining. To date, the deposit contains an estimated indicated resource of 152,000 tonnes grading 9.38 g/t gold and inferred resource of 287,000 tonnes at 10.43 g/t gold.
“We are delighted that Rob McEwen is participating in the offering and look forward to working with him as we continue to build out our gold resources at High Lake and develop our Canadian gold properties,” Mark Trevisiol, CEO of McFarlane Lake, said in a news release.
McEwen’s company currently holds three producing mines in Nevada, Ontario, and Argentina, as well as a 68% interest in the large Los Azules copper project in Argentina.
“I was attracted to McFarlane Lake because of its terrific high-grade intercepts and the fact that it is in Canada and located close to where Goldcorp Inc. enjoyed such phenomenal exploration success and profitability,” McEwen said in a statement.
https://www.mining.com/rob-mcewen-invests-in-junior-gold-explorer-mcfarlane-lake/
McEwen Mining's McEwen Copper Get Third Investment From Nuton, A Rio Tinto Venture
Oct 12, 2023
McEwen Copper gets a third investment from Nuton at a valuation that is a premium to McEwen Mining's interest in McEwen Copper. Which means the gold mines are being valued today at zero, or even less than zero.
$MUX
McEwen Mining's McEwen Copper Get Third Investment From Nuton, A Rio Tinto Venture
Oct 12, 2023
McEwen Copper gets a third investment from Nuton at a valuation that is a premium to McEwen Mining's interest in McEwen Copper. Which means the gold mines are being valued today at zero, or even less than zero.
Stellantis, Rio Tinto raise bets on Argentina copper mining
Bloomberg News | October 11, 2023 | 10:14 am Top Companies Latin America Copper
$MUX McEwen, Rio Tinto to jointly develop copper project in Nevada
Los Azules copper project in San Juan, Argentina. (Image courtesy of McEwen Mining.)
Automaker Stellantis NV and miner Rio Tinto Group are upping their investments in a giant copper deposit in Argentina as the race for metals used in electric vehicles heats up.
Stellantis, the maker of Peugeot cars and Jeep sports utility vehicles, is investing 42 billion Argentine pesos ($120 million) to raise its stake in closely held McEwen Copper Inc. to 19.4%, the latter said in a statement Wednesday. Rio Tinto venture Nuton will spend $10 million to boost its holdings in the firm run by mining entrepreneur Rob McEwen to 14.5%.
The investments, which value McEwen Copper at about $800 million, will go toward advancing the company’s Los Azules project in San Juan province after more welcoming policies rekindled interest in Argentina’s vast deposits despite the nation’s economic woes and capital and currency controls.
The fresh funds give McEwen Copper more breathing space before going public. The firm will continue to evaluate the ideal timing for an initial public offering, chief Michael Meding said in a text message. It hopes to publish a feasibility study early 2025 and start producing copper toward the end of the decade.
For Stellantis, it’s a sign of how keen car companies are to lock in future supplies of the materials needed to move away from fossil fuels. Still, Goldman Sachs Group Inc. analysts warned earlier this year that moves by automakers into the mining space may end badly, saying they’d be better off sticking to their core competencies and reducing their exposure to commodity price swings through hedging.
The investment comes less than two weeks before a pivotal presidential election in Argentina in which opposition candidates Javier Milei and Patricia Bullrich promise to deregulate the heavily controlled economy.
(By James Attwood)
https://www.mining.com/web/stellantis-rio-tinto-raise-bets-on-copper-mining-in-argentina/
Stellantis, Rio Tinto raise bets on Argentina copper mining
Bloomberg News | October 11, 2023 | 10:14 am Top Companies Latin America Copper
$MUX McEwen, Rio Tinto to jointly develop copper project in Nevada
Los Azules copper project in San Juan, Argentina. (Image courtesy of McEwen Mining.)
Automaker Stellantis NV and miner Rio Tinto Group are upping their investments in a giant copper deposit in Argentina as the race for metals used in electric vehicles heats up.
Stellantis, the maker of Peugeot cars and Jeep sports utility vehicles, is investing 42 billion Argentine pesos ($120 million) to raise its stake in closely held McEwen Copper Inc. to 19.4%, the latter said in a statement Wednesday. Rio Tinto venture Nuton will spend $10 million to boost its holdings in the firm run by mining entrepreneur Rob McEwen to 14.5%.
The investments, which value McEwen Copper at about $800 million, will go toward advancing the company’s Los Azules project in San Juan province after more welcoming policies rekindled interest in Argentina’s vast deposits despite the nation’s economic woes and capital and currency controls.
The fresh funds give McEwen Copper more breathing space before going public. The firm will continue to evaluate the ideal timing for an initial public offering, chief Michael Meding said in a text message. It hopes to publish a feasibility study early 2025 and start producing copper toward the end of the decade.
For Stellantis, it’s a sign of how keen car companies are to lock in future supplies of the materials needed to move away from fossil fuels. Still, Goldman Sachs Group Inc. analysts warned earlier this year that moves by automakers into the mining space may end badly, saying they’d be better off sticking to their core competencies and reducing their exposure to commodity price swings through hedging.
The investment comes less than two weeks before a pivotal presidential election in Argentina in which opposition candidates Javier Milei and Patricia Bullrich promise to deregulate the heavily controlled economy.
(By James Attwood)
https://www.mining.com/web/stellantis-rio-tinto-raise-bets-on-copper-mining-in-argentina/
Theirs some powerful copper technology at work here and knowing Robs history Los Azules will probably be the most high tech copper mine on the planet.
Probably even have those robot security dogs
Even grow there own robot food and everything.
and let me tell you
you don't want to get bit by
ROBOMUX
Maybe Nuton is coming closer to solving the primary copper sulphide leaching conundrum the industry's looking for..
something lite a fire under them
McEwen Copper Announces an Additional US$10 Million Investment by Nuton, a Rio Tinto Venture
$MUX
TORONTO, Oct. 11, 2023 (GLOBE NEWSWIRE) -- McEwen Copper Inc., a subsidiary of McEwen Mining Inc. (NYSE: MUX) (TSX: MUX), is pleased to announce abinding agreement for an additional $10.0 million investment by Nuton LLC, a Rio Tinto Venture, and existing McEwen Copper shareholder.
Nuton has agreed to invest US$10.0 million to acquire shares of McEwen Copper in a two-part transaction expected to close by October 19th, 2023 (the “Nuton Transaction”) consisting of a private placement of 152,615 McEwen Copper common shares, and the purchase of 232,000 common shares owned by McEwen Mining in a secondary sale. Proceeds of the subscription and purchase are expected to be approximately $4.0 million to McEwen Copper and $6.0 million to McEwen Mining, respectively. The proceeds of the private placement will be used to advance the development of the Los Azules copper project in San Juan, Argentina, and for general corporate purposes.
After closing, Nuton will own 14.5% of McEwen Copper on a fully diluted basis, and McEwen Mining will own 47.7%. The transaction values McEwen Copper at approximately US$800 million.
In connection with the Transaction, McEwen Copper and certain of its affiliates agreed to amend the Nuton Collaboration Agreement to extend the period of exclusivity over novel, trade secret or patented copper heap leach technologies until February 1st, 2025.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
About Nuton
Nuton is an innovative new venture that aims to help grow Rio Tinto’s copper business. At the core of Nuton is a portfolio of proprietary copper leach-related technologies and capability – a product of almost 30 years of research and development. Nuton™ Technologies offer the potential to economically unlock copper sulphide resources, copper bearing waste and tailings, and achieve higher copper recoveries on oxide and transitional material, allowing for a significantly increased copper production. One of the key differentiators of Nuton is the potential to deliver leading environmental performance, including more efficient water usage, lower carbon emissions, and the ability to reclaim mine sites by reprocessing mine waste.
About McEwen Copper
McEwen Copper Inc. holds a 100% interest in the Los Azules copper project in San Juan, Argentina and the Elder Creek project in Nevada, USA.
Los Azules was ranked in the top 10 largest undeveloped copper deposits in the world by Mining Intelligence (2022). Its current copper resources are estimated at 10.9 billion pounds at a grade of 0.40% Cu (Indicated category) and an additional 26.7 billion pounds at a grade of 0.31% Cu (Inferred category). A PEA published in June 2023 estimated a $2.7 billion after-tax NPV8% at $3.75/lb Cu and a 27-year mine life.
https://www.mcewenmining.com/investor-relations/press-releases/press-release-details/2023/McEwen-Copper-Announces-an-Additional-US10-Million-Investment-by-Nuton-a-Rio-Tinto-Venture/default.aspx
McEwen Copper Announces an Additional US$10 Million Investment by Nuton, a Rio Tinto Venture
$MUX
TORONTO, Oct. 11, 2023 (GLOBE NEWSWIRE) -- McEwen Copper Inc., a subsidiary of McEwen Mining Inc. (NYSE: MUX) (TSX: MUX), is pleased to announce abinding agreement for an additional $10.0 million investment by Nuton LLC, a Rio Tinto Venture, and existing McEwen Copper shareholder.
Nuton has agreed to invest US$10.0 million to acquire shares of McEwen Copper in a two-part transaction expected to close by October 19th, 2023 (the “Nuton Transaction”) consisting of a private placement of 152,615 McEwen Copper common shares, and the purchase of 232,000 common shares owned by McEwen Mining in a secondary sale. Proceeds of the subscription and purchase are expected to be approximately $4.0 million to McEwen Copper and $6.0 million to McEwen Mining, respectively. The proceeds of the private placement will be used to advance the development of the Los Azules copper project in San Juan, Argentina, and for general corporate purposes.
After closing, Nuton will own 14.5% of McEwen Copper on a fully diluted basis, and McEwen Mining will own 47.7%. The transaction values McEwen Copper at approximately US$800 million.
In connection with the Transaction, McEwen Copper and certain of its affiliates agreed to amend the Nuton Collaboration Agreement to extend the period of exclusivity over novel, trade secret or patented copper heap leach technologies until February 1st, 2025.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
About Nuton
Nuton is an innovative new venture that aims to help grow Rio Tinto’s copper business. At the core of Nuton is a portfolio of proprietary copper leach-related technologies and capability – a product of almost 30 years of research and development. Nuton™ Technologies offer the potential to economically unlock copper sulphide resources, copper bearing waste and tailings, and achieve higher copper recoveries on oxide and transitional material, allowing for a significantly increased copper production. One of the key differentiators of Nuton is the potential to deliver leading environmental performance, including more efficient water usage, lower carbon emissions, and the ability to reclaim mine sites by reprocessing mine waste.
About McEwen Copper
McEwen Copper Inc. holds a 100% interest in the Los Azules copper project in San Juan, Argentina and the Elder Creek project in Nevada, USA.
Los Azules was ranked in the top 10 largest undeveloped copper deposits in the world by Mining Intelligence (2022). Its current copper resources are estimated at 10.9 billion pounds at a grade of 0.40% Cu (Indicated category) and an additional 26.7 billion pounds at a grade of 0.31% Cu (Inferred category). A PEA published in June 2023 estimated a $2.7 billion after-tax NPV8% at $3.75/lb Cu and a 27-year mine life.
https://www.mcewenmining.com/investor-relations/press-releases/press-release-details/2023/McEwen-Copper-Announces-an-Additional-US10-Million-Investment-by-Nuton-a-Rio-Tinto-Venture/default.aspx
Copper prices pressured by weak demand, sentiment, rising inventories — report
with MMGYS soundtrack
MINING.com Editor | October 10, 2023 | 4:23 pm Markets China Copper
Copper price falls as China’s reopening boost loses power
Fitch Solutions is revising down its 2023 average annual copper price forecast to $8,550/tonne, from $8,800/tonne previously as US dollar strength and market fears of another US Fed rate hike places a cap on price growth.
Simultaneously, Mainland China’s service-led recovery, along with weak global demand continue to pressure prices along with investor sentiment towards industrial metals, including copper.
Although Fitch expects prices to improve slightly from current levels in 2023, the analyst does not expect a return to the highs seen in 2022 as China’s real estate sector remains in doldrums.
Prices have averaged $8,628/tonne in the year to date as of September 19 2023, lower than the average of $8,788/tonne seen in full year 2022, on the back of subdued global demand in the main, the analyst said in its latest market report.
Prices have been on a steady downward trend since mid-January 2023, after peaking at $9,356/tonne on January 23 2023 on the back of expectations of a strong rebound in Chinese demand.
Prices were hovering around $8,293/tonne as of September 19, down 11% from the year to date high of $9,356/tonne.
The forecast of $8,550/ tonne for 2023 means Fitch expects prices to remain under significant pressure in Q4 as weak demand and rising inventory levels hammer prices.
Production
Globally, Fitch forecasts refined copper production to remain in growth territory over the coming decade despite some short-term supply disruptions from outside Mainland China, as a number of smelters undergo maintenance that will ultimately reduce total annual output volumes.
The analyst also expects supply issues in Latin America to hamper copper concentrate supply growth, leaving the market tight and putting pressure on refined copper supply in the coming months.
Fitch forecasts global refined copper output to climb from 27.3mnt in 2023 to 35.2mnt by 2032, averaging 3.1% annual growth.
Consumption
The analyst predicts global copper consumption growth to rise in 2023 by 2.9% to 27mnt, amid an uneven economic recovery in China and a drag from other markets.
Fitch notes that the green energy transition will partially offset this downside pressure. Over the rest of the decade, the firm anticipates strong demand growth driven by the renewables and autos construction industries. The analyst expects global copper demand to increase from 27mnt in 2023 to 36mnt in 2032, averaging 3.3% annual growth.
Read the full report here.
https://www.mining.com/copper-prices-pressured-by-weak-demand-sentiment-rising-inventories-report/