McEwen Mining Inc (MUX)

[gharma]

One would have to assume today's news is positive.
However, yesterday's was viewed as negative news by the markets according to some analysts. I say yesterday's as a huge positive in that it outlined a path to approximately the same forecast production at a greatly reduced cost that may mitigate the need for dilution and that allows Los Azules to have the time to mature as an owned asset. I did not see the negative side of the news at all.
Today, we have announcement of what might be world class silver, depending on how much of it, if it continues down as a feeder, etc.

Hole CSX031 intersected some of the highest silver grades inside of the El Gallo Complex, returning 1,849 gpt silver over 10.5 m, which included 3,425 gpt silver over 5.4 m.

If it is a feeder from below that also means there is possibility that high gold grades may exist below the high silver grades.
It is also imo quite positive that there is some confirmation on the new Twin Domes

new discovery called Twin Domes. Drill and trenching results included 29.5 gpt gold over 2.0 m and 20.9 gpt gold over 12.7 m, respectively. Follow up work has included a series of trenches, which delivered similar results.