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Hot Stocks
McEwen Mining subsidiary enters into binding term sheet with Kennecott » 06:14
09/06/22
09/06
06:14
09/06/22
06:14
MUX

McEwen Mining

$3.10 /

+0.145 (+4.92%)

McEwen Copper, a…

McEwen Copper, a subsidiary of McEwen Mining, announced that it has entered into a binding term sheet with Kennecott Exploration Company, a subsidiary of Rio Tinto, for an option to earn a 60% interest in and joint venture the Elder Creek property in Nevada by spending $18M. The principal terms of the agreement are: KEX will have the right to earn a 60% interest in Elder Creek by investing $18M over a maximum of seven years; KEX will be the operator of the Elder Creek project during the term of the agreement; Following completion of the Expenditure Commitment, KEX and McEwen Copper will form an unincorporated 60:40 joint venture.

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MUX McEwen Mining
$3.10 /

+0.145 (+4.92%)

MUX McEwen Mining
$3.10 /

+0.145 (+4.92%)

05/13/22 Alliance Global Partners
McEwen Mining price target lowered to $1 from $1.50 at Alliance Global Partners
03/10/22 Alliance Global Partners
McEwen price target lowered to $1.50 from $1.75 at Alliance Global
MUX McEwen Mining
$3.10 /

+0.145 (+4.92%)

Over a month ago
Hot Stocks
McEwen Mining trading resumes  14:43
08/31/22
08/31
14:43
08/31/22
14:43
MUX

McEwen Mining

$3.07 /

+0.13 (+4.42%)

 
ShowHide Related Items >><<
MUX McEwen Mining
$3.07 /

+0.13 (+4.42%)

MUX McEwen Mining
$3.07 /

+0.13 (+4.42%)

05/13/22 Alliance Global Partners
McEwen Mining price target lowered to $1 from $1.50 at Alliance Global Partners
03/10/22 Alliance Global Partners
McEwen price target lowered to $1.50 from $1.75 at Alliance Global
MUX McEwen Mining
$3.07 /

+0.13 (+4.42%)

Hot Stocks
McEwen Copper announces closing of final tranche of private placement offering » 14:25
08/31/22
08/31
14:25
08/31/22
14:25
MUX

McEwen Mining

$3.07 /

+0.13 (+4.42%)

, RIO

Rio Tinto

$56.36 /

-0.425 (-0.75%)

McEwen Copper, a…

McEwen Copper, a subsidiary of McEwen Mining (MUX), announces the closing of the "third and final tranche" of the previously announced private placement offering of up to 8M common shares of McEwen Copper priced at $10.00 per common share. The third tranche is comprised of a $25M investment by Rio Tinto's (RIO) copper leaching technology venture, Nuton, and $1.85M from other investors. The total offering has been increased to 8.185M common shares, with the amounts raised in the three tranches of the private placement totalling $81.85M. "McEwen Copper is well-funded to advance its Los Azules Project, located in the mining friendly province of San Juan, Argentina. The next milestones are the upcoming drilling season from October 2022 to June 2023, the completion of an updated preliminary economic assessment in early Q1 2023, and the planned IPO of McEwen Copper in H1 2023," the company stated.

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RIO Rio Tinto
$56.36 /

-0.425 (-0.75%)

MUX McEwen Mining
$3.07 /

+0.13 (+4.42%)

MUX McEwen Mining
$3.07 /

+0.13 (+4.42%)

05/13/22 Alliance Global Partners
McEwen Mining price target lowered to $1 from $1.50 at Alliance Global Partners
03/10/22 Alliance Global Partners
McEwen price target lowered to $1.50 from $1.75 at Alliance Global
RIO Rio Tinto
$56.36 /

-0.425 (-0.75%)

08/23/22 Macquarie
Rio Tinto downgraded to Neutral from Outperform at Macquarie
08/16/22 Morgan Stanley
Rio Tinto price target lowered to 5,900 GBp from 5,990 GBp at Morgan Stanley
07/29/22 Berenberg
Rio Tinto price target raised to 4,300 GBp from 4,100 GBp at Berenberg
07/28/22 JPMorgan
Rio Tinto price target raised to 5,350 GBp from 5,300 GBp at JPMorgan
RIO Rio Tinto
$56.36 /

-0.425 (-0.75%)

RIO Rio Tinto
$56.36 /

-0.425 (-0.75%)

RIO Rio Tinto
$56.36 /

-0.425 (-0.75%)

MUX McEwen Mining
$3.07 /

+0.13 (+4.42%)

Hot Stocks
McEwen Mining trading halted, news pending  14:20
08/31/22
08/31
14:20
08/31/22
14:20
MUX

McEwen Mining

$3.07 /

+0.13 (+4.42%)

 
ShowHide Related Items >><<
MUX McEwen Mining
$3.07 /

+0.13 (+4.42%)

MUX McEwen Mining
$3.07 /

+0.13 (+4.42%)

05/13/22 Alliance Global Partners
McEwen Mining price target lowered to $1 from $1.50 at Alliance Global Partners
03/10/22 Alliance Global Partners
McEwen price target lowered to $1.50 from $1.75 at Alliance Global
MUX McEwen Mining
$3.07 /

+0.13 (+4.42%)

Hot Stocks
McEwen Copper reports assay results from Los Azules project » 08:19
08/04/22
08/04
08:19
08/04/22
08:19
MUX

McEwen Mining

$3.44 /

-0.33 (-8.75%)

McEwen Copper is pleased…

McEwen Copper is pleased to report the latest assay results from its Los Azules project, which continues to deliver long intercepts of good grades. The drill program underway has three important objectives: Improve confidence in the resource by converting Inferred mineral resources to the Indicated category; Accelerate project advancement with metallurgical, hydrological and geotechnical drilling and Test the limits of the depth extension of the higher-grade mineralization. Results from this drilling program will be used to update the 2017 Los Azules PEA. The updated version will be released in Q1, 2023. Drilling has halted for the winter and will resume in October when spring arrives in Argentina. Earlier this year, Mining Intelligence ranked Los Azules as one of the world's top five largest undeveloped porphyry copper deposits that is not already owned by a major mining company. The opportunity to expand the deposit at depth remains open for further testing. While the median depth of drill holes within the Los Azules resource database is 175 meters (m), it is not uncommon for porphyry copper mineralization to extend well beyond a kilometer or more of depth. Numerous drill holes have encountered strong copper grades below the 2017 PEA pit bottom. Only three holes have been drilled to a depth of a kilometer and all encountered mineralization. The highest-grade mineral domains at Los Azules are clearly the hydrothermal and magmatic breccias and late-stage quartz veins which can extend kilometres to depth. There are numerous examples of such deposits in Argentina and Chile. The most recent is Filo Mining's spectacular assay results of earlier this year. The Filo deposit is 300 kilometres north of Los Azules, also in the San Juan province, Argentina. The deepest occurrence of a breccia at Los Azules is at a hole depth of some 810 m in drill hole AZ1299 and deepest occurrence of late-stage quartz veins is found at 990 m down the same hole. A dedicated exploration program associated with higher grade domains at Los Azules has not yet been conducted. Most holes drilled to date are vertical and intersect the breccias at very low angles. Improving our understanding of the nature and distribution of the highest-grade mineral zones at Los Azules is a priority for the upcoming drilling seasons.

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MUX McEwen Mining
$3.44 /

-0.33 (-8.75%)

MUX McEwen Mining
$3.44 /

-0.33 (-8.75%)

05/13/22 Alliance Global Partners
McEwen Mining price target lowered to $1 from $1.50 at Alliance Global Partners
03/10/22 Alliance Global Partners
McEwen price target lowered to $1.50 from $1.75 at Alliance Global
MUX McEwen Mining
$3.44 /

-0.33 (-8.75%)

Options
Notable open interest changes for July 29th » 08:55
07/29/22
07/29
08:55
07/29/22
08:55
AAPL

Apple

$157.35 /

+0.71 (+0.45%)

, MUX

McEwen Mining

$3.79 /

+0.118 (+3.21%)

, AMZN

Amazon.com

$122.20 /

+1.24 (+1.03%)

, META

Meta Platforms

$160.76 /

-8.63 (-5.09%)

Thursday's total…

Thursday's total option volume of 41.0 million contracts resulted in net open interest growth of 4.41 million calls and 5.09 million puts. Apple (AAPL), McEwen Mining (MUX), Amazon (AMZN) and (META) saw the greatest growth. Top five new positions opened include 92k ChargePoint Holdings (CHPT) 8/5 weekly 15 calls, 43k McEwen Mining (MUX) Aug-22 1 puts, 43k McEwen Mining (MUX) Aug-22 1 puts, 40k ChargePoint Holdings (CHPT) 8/5 weekly 20 calls and 39k Apple (AAPL) Sep-22 115 puts.

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MUX McEwen Mining
$3.79 /

+0.118 (+3.21%)

META Meta Platforms
$160.76 /

-8.63 (-5.09%)

AMZN Amazon.com
$122.20 /

+1.24 (+1.03%)

AAPL Apple
$157.35 /

+0.71 (+0.45%)

AAPL Apple
$157.35 /

+0.71 (+0.45%)

07/29/22 Morgan Stanley
Apple remains Top Pick at Morgan Stanley after 'better than feared' report
07/29/22 Credit Suisse
Apple price target lowered to $166 from $169 at Credit Suisse
07/29/22 Evercore ISI
Apple price target raised to $185 from $180 at Evercore ISI
07/29/22 Wedbush
Apple reports strong results despite fears, says Wedbush
MUX McEwen Mining
$3.79 /

+0.118 (+3.21%)

05/13/22 Alliance Global Partners
McEwen Mining price target lowered to $1 from $1.50 at Alliance Global Partners
03/10/22 Alliance Global Partners
McEwen price target lowered to $1.50 from $1.75 at Alliance Global
AMZN Amazon.com
$122.20 /

+1.24 (+1.03%)

07/29/22 UBS
Amazon.com price target raised to $180 from $167 at UBS
07/29/22 BofA
Amazon price target bumped to $170 at BofA after 'mostly positive' quarter
07/29/22 Cowen
Amazon.com price target raised to $215 from $210 at Cowen
07/29/22 Jefferies
Amazon price target raised to $165 from $150 at Jefferies
META Meta Platforms
$160.76 /

-8.63 (-5.09%)

07/29/22 DZ Bank
Meta Platforms downgraded to Sell from Hold at DZ Bank
07/28/22 RBC Capital
Meta Platforms price target lowered to $190 from $200 at RBC Capital
07/28/22 JMP Securities
Meta Platforms price target lowered to $215 from $240 at JMP Securities
07/28/22 Evercore ISI
Meta Platforms price target lowered to $240 from $280 at Evercore ISI
META Meta Platforms
$160.76 /

-8.63 (-5.09%)

AMZN Amazon.com
$122.20 /

+1.24 (+1.03%)

AAPL Apple
$157.35 /

+0.71 (+0.45%)

META Meta Platforms
$160.76 /

-8.63 (-5.09%)

AMZN Amazon.com
$122.20 /

+1.24 (+1.03%)

AAPL Apple
$157.35 /

+0.71 (+0.45%)

META Meta Platforms
$160.76 /

-8.63 (-5.09%)

AMZN Amazon.com
$122.20 /

+1.24 (+1.03%)

AAPL Apple
$157.35 /

+0.71 (+0.45%)

MUX McEwen Mining
$3.79 /

+0.118 (+3.21%)

META Meta Platforms
$160.76 /

-8.63 (-5.09%)

AMZN Amazon.com
$122.20 /

+1.24 (+1.03%)

AAPL Apple
$157.35 /

+0.71 (+0.45%)

Over a quarter ago
Hot Stocks
McEwen Mining provides third progress report for Los Azules project » 07:12
06/23/22
06/23
07:12
06/23/22
07:12
MUX

McEwen Mining

/

+

McEwen Copper, a…

McEwen Copper, a subsidiary of McEwen Mining, provides its 3rd progress report on the advancement of its large Los Azules copper project located in the San Juan province, Argentina. The objectives of its 59,000-meter drilling program at Los Azules is to: upgrade the Inferred mineral resources to Indicated; conduct metallurgical, hydrological and geotechnical drilling to accelerate our study work; and selectively test high value exploration targets. This program will almost double the historic database of 66,000 m of drilling from 202 holes.

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MUX McEwen Mining
/

+

MUX McEwen Mining
/

+

05/13/22 Alliance Global Partners
McEwen Mining price target lowered to $1 from $1.50 at Alliance Global Partners
03/10/22 Alliance Global Partners
McEwen price target lowered to $1.50 from $1.75 at Alliance Global
MUX McEwen Mining
/

+

Hot Stocks
NevGold to acquire Nutmeg Mountain, receive investment from GoldMining » 08:07
06/14/22
06/14
08:07
06/14/22
08:07
GLDG

GoldMining

$1.15 /

-0.045 (-3.77%)

, MUX

McEwen Mining

/

+

NevGold is pleased to…

NevGold is pleased to announce execution of an option agreement to acquire the advanced exploration stage Nutmeg Mountain Gold Project in Idaho from GoldMining which hosts a historical resource completed in 2020 of 910,000 Indicated ounces of gold, and 160,000 Inferred ounces of gold. GoldMining will also make a strategic investment in NevGold of C$1 million on closing of the option agreement, and further has committed to a lead order of C$1.25 million in a future financing. Under a binding option agreement among NevGold, GoldMining, and their respective U.S. subsidiaries: In consideration for the grant of the Option, NevGold will issue 4,444,444 common shares to GoldMining at a price of $0.675 per share, representing C$3 million of value based on the 30-day volume-weighted average price of NevGold shares. GoldMining will become a large, cornerstone, strategic investor of NevGold with an approximate 10.6% interest; Concurrently with the above issuance, GoldMining will make the initial Investment of $1 million, subscribing for 1,481,481 NevGold shares at a price of $0.675 per share, and commits to a further lead order in an amount up to C$1.25 million in a future financing by NevGold completed by November 30, 2022; In order to exercise the option, NevGold will pay the following amounts, or at its discretion, issue shares to GoldMining with an equivalent value, on the following schedule: January 1, 2023: C$1.5 million; July 1, 2023: C$1.5 million; January 1, 2024: C$3.0 million. In order to exercise the Option, NevGold will also be required to make qualifying expenditures on the Project totalling C$2.25 million: $1.5 million on or before June 1, 2023; a further $0.75 million on or before December 31, 2023. On completion of the total C$9.0 million in equity issuances and/or payments to GoldMining and total C$2.25 million in qualifying expenditures by January 1, 2024, NevGold would own 100% of the Nutmeg Mountain Gold Project; NevGold commits to a schedule of future success-based contingent payments totalling C$7.5 million to GoldMining, payable in cash or shares at the election of NevGold: C$0.5 million on completion of a Preliminary Economic Assessment on the Project; C$2.5 million on completion of a Preliminary Feasibility Study on the Projectl C$4.5 million on completion of a Feasibility Study on the Project. NevGold will enter into an Investor Rights Agreement with GoldMining with customary rights including pre-emptive equity participation rights and a right to appoint a Board member Closing of the grant of the Option is expected to be in June-2022, subject to customary regulatory approvals, including the approval of the TSX Venture Exchange. All securities issued in connection with the Option and the Investment will be subject to a hold period ending four months and one day after issuance. Under a 2021 Investor Rights Agreement executed with McEwen Mining, McEwen Mining has the pro-rata participation right to maintain its current 10% share interest in NevGold after the issuance of shares pursuant to the Option and the Investment within 10 business days.

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MUX McEwen Mining
/

+

GLDG GoldMining
$1.15 /

-0.045 (-3.77%)

GLDG GoldMining
$1.15 /

-0.045 (-3.77%)

MUX McEwen Mining
/

+

05/13/22 Alliance Global Partners
McEwen Mining price target lowered to $1 from $1.50 at Alliance Global Partners
03/10/22 Alliance Global Partners
McEwen price target lowered to $1.50 from $1.75 at Alliance Global
MUX McEwen Mining
/

+

Recommendations
McEwen Mining price target lowered to $1 from $1.50 at Alliance Global Partners » 11:22
05/13/22
05/13
11:22
05/13/22
11:22
MUX

McEwen Mining

/

+

Alliance Global Partners…

Alliance Global Partners analyst Jake Sekelsky lowered the firm's price target on McEwen Mining to $1 from $1.50 and keeps a Buy rating on the shares. The company's Q1 results that were slightly below estimates as turnaround efforts at the Fox Complex and Gold Bar continue, Sekelsky tells investors in a research note. The analyst believes costs could remain elevated throughout 2022 as broader inflationary measures have negatively impacted operating costs across the board.

ShowHide Related Items >><<
MUX McEwen Mining
/

+

MUX McEwen Mining
/

+

03/10/22 Alliance Global Partners
McEwen price target lowered to $1.50 from $1.75 at Alliance Global
MUX McEwen Mining
/

+

Hot Stocks
McEwen Mining CFO Anna Ladd-Kruger to retire, COO Peter Mah to step down » 08:23
05/06/22
05/06
08:23
05/06/22
08:23
MUX

McEwen Mining

/

+

McEwen Mining announces…

McEwen Mining announces that Anna Ladd-Kruger, CFO, has decided to retire to focus on her health and family; she will depart after the first quarter reporting is complete and an orderly transition is in place. CFO responsibilities will be assumed on an interim basis by Perry Ing until a new executive transitions into the position. Mr. Ing previously served as CFO of the Company and its predecessor from 2008 to 2015 and subsequently served as CFO of Kirkland Lake Gold and, most recently, of Mountain Province Diamonds. Additionally, Peter Mah, COO, is stepping down for personal reasons on June 3rd. Responsibility for oversight of operations will be assumed on an interim basis by William Shaver, currently a director of the Company. Most recently, he served as COO of INV Metals before its sale to Dundee Precious Metals. The CEO and Board of Directors are currently preparing transition plans and a search for candidates for both roles is underway.

ShowHide Related Items >><<
MUX McEwen Mining
/

+

MUX McEwen Mining
/

+

03/10/22 Alliance Global Partners
McEwen price target lowered to $1.50 from $1.75 at Alliance Global
MUX McEwen Mining
/

+

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