Last C$2.28 CAD
Change Today -0.13 / -5.39%
Volume 307.0K
MUX On Other Exchanges
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As of 4:15 PM 09/22/14 All times are local (Market data is delayed by at least 15 minutes).

mcewen mining inc (MUX) Snapshot

Open
C$2.39
Previous Close
C$2.41
Day High
C$2.39
Day Low
C$2.28
52 Week High
03/14/14 - C$4.13
52 Week Low
12/23/13 - C$1.81
Market Cap
680.4M
Average Volume 10 Days
253.8K
EPS TTM
--
Shares Outstanding
267.3M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for MCEWEN MINING INC (MUX)

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mcewen mining inc (MUX) Details

McEwen Mining Inc. explores for, develops, produces, and sells precious and base metals in Argentina, Mexico, and the United States. It primarily explores for gold, silver, and copper. The company’s principal assets consist of a 49% interest in the San José Mine in Santa Cruz, Argentina; the El Gallo 1 mine and El Gallo 2 project in Sinaloa, Mexico; the Gold Bar project in Nevada, the United States; and the Los Azules copper project in San Juan, Argentina. At December 31, 2013, it had an aggregate land position consisting primarily of mining claims, leases of mining claims, or concessions covering an area of approximately 1,534 square miles. The company was formerly known as US Gold Corporation and changed its name to McEwen Mining Inc. in January 2012. McEwen Mining Inc. was founded in 1979 and is headquartered in Toronto, Canada.

265 Employees
Last Reported Date: 03/10/14
Founded in 1979

mcewen mining inc (MUX) Top Compensated Officers

Chairman, Chief Executive Officer, Chief Owne...
Total Annual Compensation: --
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $223.4K
Chief Operating Officer
Total Annual Compensation: $320.0K
Vice President of Corporate Affairs, General ...
Total Annual Compensation: $157.2K
Vice President of Corporate Development
Total Annual Compensation: $36.0K
Compensation as of Fiscal Year 2013.

mcewen mining inc (MUX) Key Developments

McEwen Mining Inc. Announces Financial Results for the Second Quarter of 2014

McEwen Mining Inc. announced financial results for the second quarter of 2014. For the quarter, the company reported net loss of $104 million or $0.35 per share. The net loss for the period is primarily due to an after-tax impairment charge of $98 million related to Los Azules copper project in Argentina. The company also spent approximately $3 million on both exploration and general and administrative expenses. Removing the impact of the impairments in the current and comparative periods, as well as the impact of foreign exchange fluctuations, adjusted net loss for the second quarter was $8.6 million, compared to $11.7 million for the comparable period in 2013. Earnings from mining operations during the quarter totaled $6.6 million versus $7.8 million in second quarter of 2013 and $11.4 million in first quarter of 2014. Earnings from mining operations were lower compared to first quarter of 2014 due to lower realized gold and silver prices and lower grades at both the San José and El Gallo 1 mines.

McEwen Mining Inc., Q2 2014 Earnings Call, Aug 08, 2014

McEwen Mining Inc., Q2 2014 Earnings Call, Aug 08, 2014

McEwen Mining Inc. Elects to Withdraw from Generative Exploration Agreement Entered with Nevada Exploration

Nevada Exploration Inc. (NGE) announced that it has received formal notice of McEwen Mining Inc.'s (MUX) election to withdraw from the Generative Exploration Agreement under which NGE and MUX have been working to advance new exploration targets in a 25,000 hectare (95 sq mi) study area in Grass Valley in north central Nevada (AOI). Under the agreement, MUX established the Grass Valley Designated Property. As provided by the agreement, NGE has delivered notice to MUX of NGE's desire for MUX to convey the property to NGE by quitclaim deed, subsequent to which NGE will hold a 100% interest in the property. The project consists of approximately 59 square kilometres (23 sq mi) of unpatented mining claims, and is located along the western side of Grass Valley in central Nevada, approximately 16 kilometres (10 mi) south of Barrick Gold Corp.'s Cortez Hills. Since entering into the agreement in February 2012, MUX and NGE have worked together within the AOI and on the property to: (1) collect groundwater, rock, soil, and vegetation geochemistry samples; (2) map exposed range front geology; (3) complete a detailed gravity geophysics survey; and (4) acquire and reprocess historic seismic geophysical data. Earlier this year, MUX completed one 811 metre (2,660 ft) drill hole on the property. Also in 2014, approximately 2,400 metres (8,000 ft) of drill cuttings and drill logs from six geothermal exploration drill holes completed between 2005 to 2008 by a geothermal exploration company became available for public review. Five of the six geothermal drill holes were located on the property, and NGE was able to incorporate this important geological data, together with the data acquired by MUX and its drill hole, into the project exploration dataset.

 

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