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Monday, July 25, 2016 11:38:46 AM
MUX Charts McEwen Mining Inc (MUX)
Rob McEwen might not be a familiar name to investors, but among the gold miners, he's a legend. McEwen managed to turn a small unknown junior gold miner through a series of acquisitions into the largest gold producer on the planet. That company is sector stalwart Goldcorp Inc. (USA)
MUX
MUX is about as junior as they come, with only two small mines that actually produce any gold. However, the firm has plenty of assets in development and several exploration projects underway. That includes some projects - like its Gold Bar Project - which are located in some of the riches gold territories in Nevada.
MUX has also been actively taking over other smaller junior miners in order to secure better claims on assets. McEwen is basically following the same playbook he used with GG. And he should be successful at MUX as well.
McEwen Mining has no debt , nor does it owe any streaming royalties on its production. And while its cash costs aren't as cheap as GG, the current gold price leaves plenty of profits and cash flows for the firm.
Note 1: Please alert the board of any stock crossing the 20,50,20dma’s on daily or weekly chart.
(link back for more charts)
Just replace the ticker with your TICKER
http://stockcharts.com/h-sc/ui?s=MUX&p=D&yr=0&mn=3&dy=0&id=p11960084343
Rob McEwen might not be a familiar name to investors, but among the gold miners, he's a legend. McEwen managed to turn a small unknown junior gold miner through a series of acquisitions into the largest gold producer on the planet. That company is sector stalwart Goldcorp Inc. (USA)
MUX
MUX is about as junior as they come, with only two small mines that actually produce any gold. However, the firm has plenty of assets in development and several exploration projects underway. That includes some projects - like its Gold Bar Project - which are located in some of the riches gold territories in Nevada.
MUX has also been actively taking over other smaller junior miners in order to secure better claims on assets. McEwen is basically following the same playbook he used with GG. And he should be successful at MUX as well.
McEwen Mining has no debt , nor does it owe any streaming royalties on its production. And while its cash costs aren't as cheap as GG, the current gold price leaves plenty of profits and cash flows for the firm.
Note 1: Please alert the board of any stock crossing the 20,50,20dma’s on daily or weekly chart.
(link back for more charts)
Just replace the ticker with your TICKER
http://stockcharts.com/h-sc/ui?s=MUX&p=D&yr=0&mn=3&dy=0&id=p11960084343
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