McEwen Mining Inc. Common Stock (MUX)

McEwen Mining (NYSEMUX) (TSX: MUX), an asset rich diversified gold and silver producer with a large exposure to copper through its McEwen Copper subsidiary, was recently featured in a new video series launched by Allan Barry Laboucan called “Insights into Drilling.”

McEwen Mining (NYSEMUX) (TSX: MUX), announced full-year 2024 consolidated production of 135,900 gold equivalent ounces (“GEOs”), aligning with its annual guidance. Gold Bar and San José mines exceeded expectations with 44,600 and 60,100 GEOs, respectively, while the Fox Complex fell short at 30,150 GEOs due to a stope failure in early 2024. For 2025, MUX projects production between 120,000 and 140,000 GEOs, influenced by the transition at Fox from the Froome mine to the Stock mine, which is now expected to reach commercial production in early 2026. Gold Bar’s production will be weighted toward the second half of the year as high waste stripping in the Pick pit concludes, setting up stronger ore availability for late 2025 and 2026.

TORONTO, Jan. 29, 2025 (GLOBE NEWSWIRE) -- Goliath Resources Limited (TSX-V: GOT) (OTCQB: GOTRF) (FSE: B4IF) (the “Company” or “Goliath”) is pleased to announce that an agreement has been made for McEwen Mining Inc. (NYSEMUX) (TSX: MUX) to make a strategic investment into Goliath Resources.

TORONTO, Jan. 28, 2025 (GLOBE NEWSWIRE) -- McEwen Mining Inc. (NYSEMUX) (TSX: MUX) is pleased to report full-year 2024 consolidated production of 135,900 gold equivalent ounces (“GEOs”)(1), within our guidance range for the year (press release dated Feb 12, 2024).

McEwen Mining (NYSEMUX) (TSX: MUX) is positioned to benefit from the surging demand for crucial minerals in the AI industry. A recent article highlights this opportunity demonstrated in strategic moves taken by Isreal and the U.S. “The government in Israel has set up a new office based at the Defense Ministry. This office will superintend over the development of technology focused on AI and autonomy. Dubbed the AI & Autonomy Administration, this team will operate under the auspices of the ministry’s defense research and development directorate. The directorate plays a crucial role in Israel’s military technology space,” the publication reads.

McEwen Mining (NYSEMUX) (TSX: MUX) concluded 2024 with several pivotal developments that reinforced its position in the mining industry. From securing significant investments to achieving regulatory milestones, the final quarter marked a period of transformative progress for the company.

McEwen Mining (NYSEMUX) (TSX: MUX) was featured in a recent article that discussed its positioning as a key player in the precious metals market while offering exposure to growth trends. “As gold continues to shine as a pillar of stability, investors seeking exposure to the precious metals sector should take a close look at McEwen Mining NYSE: MUXNYSEMUX)

McEwen Mining (NYSEMUX) (TSX: MUX) was highlighted in a recent article that discussed favorable positioning of the United States in the AI sector. “Sam Altman, the CEO of OpenAI, has voiced his confidence in President-elect Donald Trump supporting the AI sector and ensuring that America, together with its allies, retain pole position in this nascent industry. Altman was speaking during a recent interview with Fox News,” the publication reads. “During the interview, Altman highlighted the need for support in the form of massive infrastructure… for the U.S. to stamp its leadership on AI technology and AI capabilities.”

McEwen Mining (NYSEMUX) (TSX: MUX) is well-positioned for the next commodity cycle. “Rising commodity prices—particularly in metals critical to green energy—are creating opportunities for investors in mining stocks, even as broader equity markets face potential headwinds from inflation and geopolitical risks. With metal prices climbing and demand for resources surging, companies with diversified portfolios and strong fundamentals are emerging as key players in this evolving landscape,” reads a recent article.

McEwen Mining (NYSEMUX) (TSX: MUX) was featured in a recent article that discussed the transformation of a nearly 150-year old Japanese firm into the country’s hottest stock amid burgeoning growth in the AI sector. “The current boom in AI has turned a previously little-known Japanese company into a star on the stock market. Fujikura, which has been in existence for the past 139 years, has shot to fame because of its longstanding excellence in making cables for data centers. Since the beginning of this year, the shares of this company have seen a whopping 400% rise in value,” the article reads.

McEwen Mining (NYSEMUX) (TSX: MUX) is poised to benefit amid the growing use of artificial intelligence (“AI”) in everyday life activities. As the use of AI tools trends upward, such as in the job application process among countless others, “The companies behind those AI tools could be basking in the limelight of their innovations, but behind this revolution lies several unsung heroes; including metals like gold and copper making it possible for AI components like chips and data centers to be built,” reads a recent article. “Companies such as McEwen Mining, leveraging their expertise to help address the surging demand for those minerals, are well-positioned to capitalize on the rise of AI.”

McEwen Mining (NYSEMUX) (TSX: MUX), through its subsidiary McEwen Copper Inc., has achieved a significant milestone with the approval of the Environmental Impact Assessment (“EIA”) for its Los Azules copper project in Argentina. Granted by the San Juan Provincial Government’s Ministry of Mines, the approval reflects McEwen Mining’s commitment to sustainable practices and positions the project for feasibility studies, construction, and operation. Designed for renewable energy use and carbon neutrality by 2038, Los Azules reinforces McEwen Mining’s leadership in modern, environmentally responsible mining. A definitive feasibility study is anticipated in early 2025, with construction potentially beginning in 2026.

TORONTO, Dec. 03, 2024 (GLOBE NEWSWIRE) -- McEwen Copper Inc., a subsidiary of McEwen Mining Inc. (NYSEMUX) (TSX: MUX), is pleased to announce the approval of the Environmental Impact Assessment (EIA) for its Los Azules copper project. The Environmental Impact Statement (EIS), which is the ministerial resolution approving the EIA, is a key permitting milestone on the way to feasibility, construction and future operation.

McEwen Mining (NYSEMUX) (TSX: MUX) shared promising assay results from its Grey Fox deposit within the Fox Complex in Ontario, Canada, including a highlight of 10.2 g/t gold over 11.1 meters at the Whiskey Jack zone. Geological studies reveal similarities between Grey Fox and Japan’s high-grade Hishikari Gold Mine, suggesting potential for stacked epithermal veins alongside orogenic gold zones. Current modeling identifies over 50 mineralized lenses, with 90% of Grey Fox’s 1.4-million-ounce gold resource located within 300 meters of the surface. The ongoing exploration aims to expand production and uncover deeper mineralization, with an updated resource estimate for the Fox Complex expected in Q1 2025.

Assay Highlights:

McEwen Mining (NYSEMUX) (TSX: MUX) is positioned for opportunity as artificial intelligence is rapidly reshaping the landscape of economies around the world. “Estimates indicate that generative AI alone will triple its growth to a total market value of $1.3 trillion in the next decade… As most investors know by now, there is a surge in the demand for energy-guzzling data centers that are designed to develop and train AI systems. They also know that advanced semiconductor chips are at the heart of all AI technologies. However, many haven’t considered that critical minerals, such as copper, gold and silver, are vital components of this burgeoning industry,” reads a recent article.

McEwen Mining (NYSEMUX) (TSX: MUX) was featured in a recent article that discussed the evolution of artificial intelligence (“AI”), spotlighting Geoffrey Hinton’s (“the Godfather of AI”) award of the Nobel Prize in Physics alongside John Hopfield for their groundbreaking work that triggered the development of machine learning, the science behind AI as we know it today. The piece describes early work and systems compared to modern capabilities, showcasing significant requirements for current AI systems in terms of hardware such as microchips.

In recent years, cryptocurrency has captured the imagination of investors, who have embraced it as a revolutionary asset class offering high-growth potential. With Bitcoin and other digital currencies reaching new heights, many investors have turned to the crypto market as their hedge against inflation, government intervention and traditional assets. But there’s a time-tested asset that deserves more attention and has also been reaching all-time highs this year: gold.

McEwen Mining (NYSEMUX) (TSX: MUX) is positioned to benefit from increased investor interest in precious metals as well as growing demand for critical minerals. “McEwen Mining is a gold and silver producer with operations across the Americas, including Nevada, Canada, Mexico, and Argentina. In addition to its core business of precious metals, the company has significant exposure to copper through its 48% ownership of McEwen Copper, a subsidiary responsible for the advanced-stage Los Azules project in Argentina. Led by Rob McEwen, a seasoned mining veteran with a personal investment of $225 million, McEwen Mining is establishing itself as a significant player in the critical minerals space.”

McEwen Mining (NYSEMUX) (TSX: MUX) has strengthened its support for Inventus Mining Corp. (TSXV: IVS) by acquiring 10,000,000 units in Inventus’s recently closed private placement, contributing $400,000 toward the $600,000 raised. Each unit in the placement includes one common share and one warrant, enabling further share purchases at $0.09 until 24 months post-closing, with potential for accelerated expiry if trading conditions are met.

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McEwen Mining (NYSEMUX) (TSX: MUX) announced impressive financial results for Q3 2024, driven by a 36% increase in revenue to $52.3 million due to higher gold prices and an uptick in production. The company’s gross profit surged by 268% to $13.8 million, reflecting improved operational efficiencies and robust production levels. Additionally, McEwen Mining reported a reduced net loss of $2.1 million, significantly lower than the $18.5 million loss in Q3 2023. Operating cash flow rose to $23.2 million, while adjusted EBITDA soared 586% to $10.5 million, highlighting the company’s enhanced cash flow and operational gains across its assets.

TORONTO, Nov. 05, 2024 (GLOBE NEWSWIRE) -- McEwen Mining Inc. (NYSEMUX) (TSX: MUX) today released its financial and operational results for the third quarter ended September 30, 2024 (“Q3”). The Company achieved significant improvements in revenue and operating profitability, driven by higher gold prices and strong production. The results reflect McEwen Mining’s ongoing commitment to expanding gold and silver production, advancing its large copper project and robust investment in exploration programs.

McEwen Mining (NYSEMUX) (TSX: MUX) will host a conference call on Wednesday, Nov. 6, 2024, at 11 a.m. EST to discuss its third-quarter 2024 financial results and provide updates on project developments. Following the management’s presentation, participants will have the opportunity to engage directly by asking questions over the phone during the live webcast, offering an interactive session to address investor inquiries and insights.

TORONTO, Nov. 01, 2024 (GLOBE NEWSWIRE) -- McEwen Mining Inc. (NYSEMUX) (TSX: MUX) invites you to join our conference call following the release of our Q3 2024 financial results on Wednesday, November 6th, 2024, at 11:00 AM EST, where management will discuss our financial results and project developments and follow with a question-and-answer session. Participants can ask questions directly over the phone during the webcast.