McEwen Mining / MUX (NYSE, TSX)

    • Offizieller Beitrag

    Sehr lesenswerter Artikel in MarketNews. Aufschlußreich u.a seine differenzierte Einschätzung der verschiedenen Minenkategorien, die sich mit der von mir auch geübten Praxis deckt, daß Midcaps und Juniors deutlich höheres Potential als Seniors besitzen, bei größerem Risiko, klar...


    Wäre gut, wenn das Nevada Projekt, mit dem prinzipiell MUX als US Gold begann, realisiert würde.


    Beeindruckend die Kursentwicklung von MUX in den letzten Wochen, gestern mit +12 %, zu Charts etc. später mehr.


    Grüsse
    Edel


    (Bin an einem Fremd PC, Links und Textauszüge später...)


    "Die Märkte haben nie unrecht, die Menschen oft." Jesse Livermore, 20.Jh.


    "Die Demokratie ist das Paradies der Schreier und Schwätzer, Phraseure, Schmeichler und Schmarotzer, die jedem sachlichen Talent weit mehr den Weg verlegen, als dies in einer anderen Verfassungsform vorkommt." E.von Hartmann


    Dieser Beitrag ist eine persönliche Meinung gem. Art.5 Abs.1 GG und Urteil des BVG 1 BvR 1384/16

    • Offizieller Beitrag

    Ausbruch am 27.08 mit Kursziel 5,75 C$ [smilie_blume]


    Nachgetragen McEwen Statements mit Link:
    "...Should investors start buying? Mr. McEwen said, “Absolutely, now is the time to be buying gold shares.Your risk profile should determine what size of company you buy. The senior gold will provide you liquidity and yield, the intermediates will likely provide better upside potential and the juniors are capable of providing explosive upside moves but the juniors are also the most risky. You need to own a number of juniors..... :]


    Mr. McEwen said, “We are hoping to get our permits for Nevada in 2014, build in 2015 and be producing gold at Gold Bar in 2016. At that time, we expect to have 3 mines that will be producing a minimum of 225,000 ounces of gold and gold equivalents.”


    http://www.metalsnews.com/Meta…ico+Argentina+and+Nev.htm


    Grüsse

    • Offizieller Beitrag
    Zitat von harry74nrw

    Statt der durchschnittlichen ca 4 mio shares wurden 27 mio !!! gehandelt


    Siehe Infos. Die Fonds passen ihre Bestände entsprechend den Indices an, hinzu kamen iÜ. noch ca 0,44 Mio St. in TOR.

    „TORONTO, ONTARIO--(Marketwired)- 09/20/13 - (NYSE:MUX)(TSX:MUX) is pleased to announce that the Company has been included in the NYSE Arca Gold Miners Index (GDM), the preeminent index covering the gold mining industry, which is tracked by the Market Vectors Gold Miners Index ETF (GDX). The effective date of the inclusion is Seeptember 23, 2013. The Gold Miners Index is comprised of publicly traded companies focused on gold and silver mining around the world.

    " McEwens Minning inclusion in the NYSE Arca Gold Miners Index is recognition of the continued execution of our growth strategy and is an important step towards our goal of qualifying for the 500," stated Rob McEwen , Chairman and CEO....“


    http://www.mcewenmining.com/Me…Miners-Index/default.aspx
    http://www.stockwatch.com/News…30920&symbol=MUX&region=U


    Grüsse
    Edel


    "Die Märkte haben nie unrecht, die Menschen oft." Jesse Livermore, 20.Jh.


    "Die Demokratie ist das Paradies der Schreier und Schwätzer, Phraseure, Schmeichler und Schmarotzer, die jedem sachlichen Talent weit mehr den Weg verlegen, als dies in einer anderen Verfassungsform vorkommt." E.von Hartmann


    Dieser Beitrag ist eine persönliche Meinung gem. Art.5 Abs.1 GG und Urteil des BVG 1 BvR 1384/16

    Danke


    Schade, das man zur Goldkorrektur dieses Volumen sieht, man wird abwarten müssen welche guten News
    aus Argentinien kommen .


    Zum SP500 fehlt es noch einiges





    [



    quote='Edel Man','index.php?page=Thread&postID=872466#post872466']

    Zitat von harry74nrw

    Statt der durchschnittlichen ca 4 mio shares wurden 27 mio !!! gehandelt


    Siehe Infos. Die Fonds passen ihre Bestände entsprechend den Indices an, hinzu kamen iÜ. noch ca 0,44 Mio St. in TOR.

    „TORONTO, ONTARIO--(Marketwired)- 09/20/13 - (NYSE:MUX)(TSX:MUX) is pleased to announce that the Company has been included in the NYSE Arca Gold Miners Index (GDM), the preeminent index covering the gold mining industry, which is tracked by the Market Vectors Gold Miners Index ETF (GDX). The effective date of the inclusion is Seeptember 23, 2013. The Gold Miners Index is comprised of publicly traded companies focused on gold and silver mining around the world.

    " McEwens Minning inclusion in the NYSE Arca Gold Miners Index is recognition of the continued execution of our growth strategy and is an important step towards our goal of qualifying for the 500," stated Rob McEwen , Chairman and CEO....“


    http://www.mcewenmining.com/Me…Miners-Index/default.aspx
    http://www.stockwatch.com/News…30920&symbol=MUX&region=U


    Grüsse
    Edel[/quote]

    - 9 % heute
    - Gold im Minus 1320 us$
    - PEA Studie hat beinhaltet sehr beachtliche Milliarden Anlaufkosten
    - Argentinien immer noch als hohes Risiko bewertet
    - Indexaufnahme ohne positive Wirkung
    - private placement 60 mio u$ kommt
    ..



    [








    url]http://www.mcewenmining.com/Me…pper-Project/default.aspx[/url]


    McEwen Mining Announces Updated Preliminary Economic Assessment for the Los Azules Copper Project



    TORONTO, ONTARIO--(Marketwired - Sep 23, 2013)
    - McEwen Mining Inc. ( MUX)( MUX.TO) is pleased to announce the results of an updated Preliminary Economic Assessment ("PEA") on its 100% owned Los Azules Copper Project (the "Project") in San Juan Province, Argentina. The results from the PEA demonstrate that Los Azules has the potential to become one of the largest, lowest cost copper mines in the world. In addition, there remains excellent exploration potential to further expand the size of the existing mineral resource. Highlights from the PEA are shown below:



    PEA Study Highlights*
    ($3.00/lb Copper and $1,300/oz Gold)
    Pre-tax Net Present Value ("NPV") of $3.0 billion (8% discount rate) and an Internal Rate of Return ("IRR") of 17.6%.


    After-tax NPV of $1.7 billion (8% discount rate) and an IRR of 14.3%.


    Annual copper production during years 1-5 to average 255,000 tonnes (563 million lbs), which would have placed it in the top 3%1 of copper mines in the world during 2012. Life of mine ("LOM") annual copper production to average 171,000 tonnes (377 million lbs) over 35 years.


    Cash operating costs during years 1-5 to average $0.87/lb copper (net of gold by-product), placing it in the bottom 14%1 in the world during 2012. Cash operating costs over entire mine life to average $1.08/lb copper (net of gold by-product).


    Indicated resource of 5.4 billion pounds of copper and 0.8 million ounces of gold and Inferred resource of 14.3 billion pounds of copper and 2.6 million ounces of gold (please see Table 2 below for resource details).


    Initial capital costs to construct the mine and a 120,000 tonnes per day ("tpd") process plant have been estimated at $3.9 billion.


    Capital payback on a pre-tax basis has been estimated at 3.8 years at $3.00/lb copper and $1,300/oz gold.
    1Based on internal market data.

    • Offizieller Beitrag

    Und hier McEwen selbst, mit Auszügen aus der letzten Conference Call:


    http://www.kitco.com/news/2013…-A-Bottom-Rob-McEwen.html
    GOLD : Märkte und Informationen


    Vorstehend zitiert zur Marktentwicklung. Zu MUX u.a. interessant:


    „..“We have delivered on schedule, and below budget. Financially we are better positioned than most in the industry, we are not under any financial pressure,” said McEwen. “We have no debt. We entered the quarter with $32 million in cash, an amount sufficient to complete the expansion at El Gallo 1, fund out current operations and explorations into 2015, assuming these prices don’t change.”


    An important point I’d like to stress is that we have not sold our future earnings to royalty and metals streaming companies, and we have no plans to hedge.”


    Grüsse
    Edel


    "Die Märkte haben nie unrecht, die Menschen oft." Jesse Livermore, 20.Jh.


    "Die Demokratie ist das Paradies der Schreier und Schwätzer, Phraseure, Schmeichler und Schmarotzer, die jedem sachlichen Talent weit mehr den Weg verlegen, als dies in einer anderen Verfassungsform vorkommt." E.von Hartmann


    Dieser Beitrag ist eine persönliche Meinung gem. Art.5 Abs.1 GG und Urteil des BVG 1 BvR 1384/16

    Price target seeking alpha
    McEwen Mining (MUX) is a debt-free junior miner with a $565 million market cap. CEO Rob McEwen, a founder, Chair (1986-2005) and CEO (1994-2005) of Goldcorp (GG), currently the world's largest gold miner by market cap, holds 25% of the company's shares and takes no salary. In addition to experienced management, share dilution is minimal: 1.2% on 300 million shares outstanding. Its 3Q 2013 results released Friday indicate that MUX continues to expand output at its primary producing sites, San Jose in Argentina and El Gallo 1 & 2 in Sinaloa, Mexico while reducing costs.


    MUX is a top PM (precious metals) company in terms of potential and profitability. In the challenging environment of the past 20 months it has out-performed not only junior gold miners (GDXJ) but most of the PM sector. This has been true during periods of basing, updraft (fall 2012, August 2013) and declines.


    McEwen has 4 properties in Nevada and a major porphyry-copper, gold and silver site, Los Azules in Argentina. Indicated and inferred gold at Los Azules are 3.4 million oz. as well as 23 million silver oz. indicated and 86 million inferred from preliminary drilling. MUX also has a cluster of properties in Santa Cruz province as well as near its El Gallo 1 & 2 sites. Once in operation, Los Azules would become one of the top copper mines in the world, producing 260k tones / year from 14.3 billion lbs. indicated reserves and 5.4 billion lbs inferred.


    MUX's Gold Bar exploration site in Nevada is in permitting and is expected to produce 50k oz. gold/year at a low $700 / oz. in its first eight years with production expected to begin 2016. Gold Bar adjoins Barrick Gold's (ABX) Cortez mine, one of the largest gold mines in the world (15.1 million proven & probable reserves) and the lowest cost ($392/oz). MUX hopes to tap a similarly rich vein at Gold Bar. Exploration and testing continue around MUX's Grass Valley, Keystone and Tonkin sites in Nevada.


    During 3Q 2013, output of gold equivalent oz. rose 45% Y/o/Y to 36.5k (20.5k gold oz. and 832.6 k silver oz). MUX is on target to meet its 2013 guidance of 130k gold equivalent oz. Production costs dropped 7% Y/o/Y suggesting operating efficiencies and good mineralization grades to $749 cash costs and $1081 all-in sustaining costs/ oz., in the lowest 15% of PM producers.


    Expansion of El Gallo 1 is on target for completion by April 2014 with cost reduction of nearly 40% by focusing on surface operations. Capex at El Gallo 2 is being reduced 11% which helps MUX achieve its position of being liquid net $32.6 million and debt-free as of September 30, 2013. A $10.1 million tax refund from the Mexican government should be added to the balance sheet by end 2013. The EIS (environmental impact statement) on mine expansion at El Gallo has been approved by the Mexican Federal government.


    El Gallo 1 production for 3Q was 8k gold oz. and 4.9k silver oz. at an all-in sustaining cost of $1066, down 10% Y/o/Y. At San Jose, owned 49-51% with Hochschild Mining (HCHDF), MUX's 49% share of output for 3Q 2013 was 12.5k oz. gold and 828k oz. silver at all-in sustaining costs of $1003 / gold equivalent oz., down 11$ Y/o/Y. MUX figures its gold equivalent oz. at a 52:1 gold / silver ratio. EPS increased from -.1 to +.1 despite crushed bullion prices. MUX sold 24.7k oz. gold and 1.66 million oz. silver into the market during 3Q 2103.



    While still a small cap, MUX's growth profile and management led to its inclusion September 20 in the NYSE Arca Gold Mining ETF (GDX). MUX has been in the iShares Silver Miner ETF (SIL). September 13, MUX promoted Senior Vice President Ian Ball, with MUX since 2005 to President partly to acknowledge his role in fostering under-budget development of the El Gallo sites in Mexico.


    MUX shares were near $10 in 2Q 2011, before gold bullion spiked over $1910 that September. Like much of the sector, MUX made a secular low June 26 at $1.63, about a dime below the June 2012 low. Shares recently fell as low as $1.81 intraday before rebounding to $1.90. MUX is trading at its 2Q 2009 - 1Q 2010 level and in my view is a strong buy below $2.20 and a compelling buy below $2.


    Here is an inviting entry point to a company with a clean balance sheet, expanding operations and able management. MUX is rated "strong buy" at Nasdaq.com with a consensus price target at $4.78, 2.4 x current price. The analyst at market watch rates it "buy" with a target of $4.18.


    Going forward, MUX is poised for substantial growth if PM prices rise even modestly. It has enormous reserves to develop in a better price environment. Thriving in challenging times for the PM sector and producing commodities greatly in demand, MUX is a company whose success has been veiled by depressed bullion prices. These prices will rise, perhaps rise greatly, as physical demand overcomes the effects of selling hypothecated contract-gold and helps to re-order the financial and monetary system. Source: McEwen Mining: Steady Growth And Debt Free


    Additional disclosure: I own shares of PM companies separately and in a diversified fund.

    Zitat

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    Sowas lese ich immer wieder mit Unverständnis. Jedes Geschäft ist doch zugleich ein Kauf und ein Verkauf. Kann mir das bitte mal jemand erklären? Danke schon jetzt!


    Gruß Fritz

    „Pressefreiheit ist die Freiheit von zweihundert reichen Leuten, ihre Meinung zu verbreiten.“ — Paul Sethe. Leserbrief SPIEGEL, 5. Mai 1965.

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