Últimas noticias sobre McEwen Mining (NYSE:MUX) Bolsa

MCEWEN MINING INC

McEwen Mining

McEwen Mining Inc is a mining and minerals production and exploration company that focuses on precious and base minerals in Argentina, Mexico, and the United States. The company primarily generates its revenue from gold and silver production. It owns and operates the wholly-owned El Gallo 1 mine in Mexico and holds a minority stake in the company that manages the San Jose mine in Argentina. More than half of the company's gold output comes from the El Gallo 1 mine, while the remaining gold production and the majority of silver production are sourced from the San Jose mine. Geographically, most production occurs in the United States.

McEwen Mining Inc

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Shares of precious metals stocks are trading higher as gold prices rise following Israel's strikes on Iran, which have lifted safe-haven assets.

News

Reported Earlier, McEwen Mining Starts Construction At Fox Complex's Stock Mine With Goal To Reduce Per-Ounce Costs And Raise Output In 2025

HC Wainwright &amp; Co. analyst Heiko Ihle maintains McEwen Mining (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MUX#NYSE">MUX</a>) with a Buy and lowers the price target from $18 to $15.5.

Price Target

Analyst Ratings

HC Wainwright & Co. Maintains Buy on McEwen Mining, Lowers Price Target to $15.5

McEwen Mining (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MUX#NYSE">MUX</a>) reported quarterly losses of $(0.12) per share which met the analyst consensus estimate. This is a 140 percent decrease over losses of $(0.05) per share from the same period last year. The company reported quarterly sales of $35.70 million which missed the analyst consensus estimate of $41.70 million by 14.40 percent. This is a 13.42 percent decrease over sales of $41.23 million the same period last year.

Earnings

Earnings Misses

McEwen Mining Q1 EPS $(0.12), Inline, Sales $35.70M Miss $41.70M Estimate

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Avadel Pharmaceuticals plc - American Depositary Shares each representing one Ordinary Share

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Earnings Scheduled For May 7, 2025

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Shares of precious metals stocks are trading higher amid strength in gold and silver.

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Shares of gold stocks are trading higher amid a rally in the value of the commodity past the price of $3300 and towards an all-time high.

Roth MKM analyst Joe Reagor maintains McEwen Mining (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MUX#NYSE">MUX</a>) with a Buy and lowers the price target from $13 to $12.5.

Roth MKM Maintains Buy on McEwen Mining, Lowers Price Target to $12.5

HC Wainwright &amp; Co. analyst Heiko Ihle reiterates McEwen Mining (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MUX#NYSE">MUX</a>) with a Buy and maintains $18 price target.

Reiteration

HC Wainwright & Co. Reiterates Buy on McEwen Mining, Maintains $18 Price Target

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• McEwen Mining (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MUX#NYSE">MUX</a>) is projected to report earnings for its fourth quarter. 
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• Aterian (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ATER#NASDAQ">ATER</a>) is estimated to report quarterly loss at $0.63 per share on revenue of $23.69 million. 
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• StoneCo (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STNE#NASDAQ">STNE</a>) is projected to report quarterly earnings at $0.35 per share on revenue of $647.56 million. 
• Waldencast (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WALD#NASDAQ">WALD</a>) is likely to report quarterly loss at $0.25 per share on revenue of $272.22 million. 
• Orla Mining (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/ORLA#AMEX">ORLA</a>) is likely to report earnings for its fourth quarter. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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Earnings Scheduled For March 18, 2025

McEwen Mining (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MUX#NYSE">MUX</a>) reported quarterly losses of $(0.86) per share. This is a 174.14 percent decrease over earnings of $1.16 per share from the same period last year. The company reported $174.50 million in sales this quarter. This is a 4.99 percent increase over sales of $166.20 million the same period last year.

McEwen Mining FY 2024 GAAP EPS $(0.86) Down From $1.16 YoY, Sales $174.50M Up From $166.20M YoY

McEwen Mining Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MUX#NYSE">MUX</a>) shares are moving lower Wednesday after the company announced a $95 million private placement of convertible senior notes, <a href="https://www.benzinga.com/news/guidance/25/02/43458771/mcewen-boosts-grey-fox-resources-issues-2025-guidance">triggering a sharp sell-off</a>.
What To Know: The offering, which includes an option for initial purchasers to buy an additional $15 million in notes, will provide McEwen with capital to refinance $20 million in higher-interest debt and fund general corporate purposes. The notes, due in 2030, will carry a 5.25% interest rate and an initial conversion price of $11.25 per share, representing a 30% premium over Tuesday's closing price of $8.65.
The company also entered into capped call transactions designed to mitigate dilution from conversions at maturity, potentially raising the effective conversion price to $17.30 per share. However, the market reaction suggests investor concerns about dilution and debt issuance, leading to the sharp decline in McEwen's stock price.
The transaction is expected to close on Feb. 11, 2025, pending customary closing conditions.
MUX Price Action: McEwen shares were down 13.2% at $7.51 at the time of writing, according to <a href="https://pro.benzinga.com/dashboard?new_user=False&amp;backend=google-oauth2">Benzinga pro.</a>
<figure class="wp-block-image size-large is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent020725&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="1024" height="542" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/07105656/Screenshot-2025-02-07-at-10.56.32-1024x542.png" alt="" class="wp-image-772193" style="width:510px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/07105656/Screenshot-2025-02-07-at-10.56.32-1024x542.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/07105656/Screenshot-2025-02-07-at-10.56.32-300x159.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/07105656/Screenshot-2025-02-07-at-10.56.32-768x406.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/07105656/Screenshot-2025-02-07-at-10.56.32.png 1508w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
Read Next:
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Image Created Via Midjourney.

Movers

McEwen Shares Are Falling Today: What's Going On?

McEwen shares are trading lower after the company announced a $95 million convertible senior offering via private placement.

McEwen Mining Announced Pricing Of $95M Aggregate Principal Amount Of Its Convertible Senior Notes Due 2030 In A Private Placement

Offerings

McEwen Mining Intends To Offer $85M Of Convertible Senior Notes Due 2030 In Private Placement

McEwen Mining (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MUX#NYSE">MUX</a>) has significantly expanded the gold resource at its Grey Fox deposit, part of the Fox Complex in Northern Ontario.
Since the last estimate in 2021, Grey Fox's indicated gold resource has increased by 32% to 1.54 million ounces, while inferred resources have nearly doubled to 458,000 ounces. The <a target="_blank" href="https://www.benzinga.com/topic/gold" rel="noreferrer noopener">total gold resource</a> has grown by nearly 50% over three years.
"Our investment in exploration on the Fox Complex properties has successfully expanded our gold resources, which will enable us to both increase annual production and extend the mine life," <a target="_blank" href="https://www.mcewenmining.com/investor-relations/press-releases/press-release-details/2025/McEwen-MiningGrey-Fox-Gold-Resources-Hit-a-Significant-Milestone/default.aspx" rel="noreferrer noopener">said</a> Chairman Rob McEwen.
The company credits its success to extensive exploration drilling and higher gold prices. The $2,000 per ounce calculation allowed for a lower cut-off grade, from 2.30 g/t Au to 1.60 g/t Au.
The Grey Fox deposit is located approximately 3 kilometers southeast of McEwen's Black Fox Mine and 75 kilometers east of Timmins, Ontario. It lies within the prolific Porcupine-Destor Fault Zone, a region historically associated with over 110 million ounces of gold production.
The deposit consists of six zones, with the Gibson zone showing the most significant growth—its indicated resources increased by 181% to 290,000 ounces, while inferred resources rose by 80% to 245,000 ounces. The Whiskey-Jack zone also stands out, with 97% of its mineralization categorized as indicated, totaling 116,000 ounces at a high grade of 5.7 g/t.
The discovery cost for the increased resources was remarkably low at $14.46 per ounce, aligned with the firm's cost-conscious approach.
The firm has outlined its production and cost guidance for 2025. The company expects consolidated production to range between 120,000 and 140,000 gold equivalent ounces (GEOs) – similar to FY 2024 production, which achieved 135,900 GEOs.
The lower end of the range reflects the planned transition from the Froome mine to the Stock mine at the Fox Complex, with commercial production from Stock anticipated in early 2026.
Despite permitting delays, McEwen remains confident in its long-term strategy to enhance production and extend the mine life at its Fox Complex, supported by the continued growth of resources at Grey Fox and other deposits.
Read Next:
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Image via Shutterstock

Guidance

Commodities

Markets

McEwen Boosts Grey Fox Resources, Issues 2025 Guidance

HC Wainwright &amp; Co. analyst Heiko Ihle maintains McEwen Mining (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MUX#NYSE">MUX</a>) with a Buy and lowers the price target from $19 to $18.

HC Wainwright & Co. Maintains Buy on McEwen Mining, Lowers Price Target to $18

McEwen Mining is pleased to report full-year 2024 consolidated production of 135,900 gold equivalent ounces ("GEOs")(1), within our guidance range for the year.
During 2024, Gold Bar and San Jose produced 44,600 and 60,100 GEOs, respectively, slightly exceeding the top end of our guidance ranges for those operations. At the Fox Complex, we produced 30,150 GEOs, which was below annual guidance due to a stope failure in early 2024 impacting production.
2025 Production and Cost Guidance
For 2025, we expect consolidated production to be between 120,000 and 140,000 GEOs attributable to MUX from all operations. The lower end of the 2025 range is driven by the planned transition of production at the Fox Complex from the Froome mine to the Stock mine in late 2025.

Reported Earlier, McEwen Mining Reports 2024 Production Of 135,900 GEOs, Sets 2025 Guidance At 120,000-140,000 GEOs

McEwen Mining shares are trading higher after the company announced it secured an environmental permit from the San Juan provincial government ministry of mines for the construction and operation of Los Azules.

McEwen Copper Inc., a subsidiary of McEwen Mining Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MUX#NYSE">MUX</a>) (TSX:<a class="ticker" href="https://www.benzinga.com/stock/MUX#TSX">MUX</a>), 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.
This EIS, which is issued by the San Juan Provincial Government's Ministry of Mines, highlights the support for copper mining in the pro-mining province of San Juan.

TSX:MUX

McEwen Copper Secures Environmental Permit From The San Juan Provincial Government's Ministry Of Mines For Construction And Operation Of Los Azules

Press Releases

McEwen Mining: Q1 2025 Results

Small Cap

Opinion

As Majors Hit Their Stride, Contrarian Capital Eyes Gold's Next Wave

General

Goliath Mobilizes For Its Largest Drill Program Of 40,000 Meters With 9 Rigs On The Extensive Surebet High-Grade Gold Discovery That Remains Wide Open Golddigger Property, Golden Triangle, B.C.

Goliath Resources Announces Bought Deal Private Placement of Charity Flow-Through Financing for Gross Proceeds of C$20,002,700

Financing

Goliath Resources Announces Concurrent Non-Brokered Private Placement of Charity Flow-Through Shares Following Previously Announced "Bought Deal" Offering For Combined Gross Proceeds Total Up To C$24,065,200

Goliath Confirms Multiple Occurrences Of Visible Gold Over A 26 Meter Interval From Newly Identified RIRG Feeder Dyke On Surebet High-Grade Gold Discovery That Remains Wide Open, Golddigger Property, Golden Triangle, B.C.

Starting a New Chapter of Growth

Goliath Resources Provides Update on Upcoming Private Placements

Goliath Resources Announces Closing of LIFE Offering Including the Full Exercise of Underwriters' Option for Gross Proceeds of $23,003,105

Goliath Resources Closes Concurrent C$4,062,500 Non-Brokered CFT Share Financing At C$3.17 Each For Combined Gross Proceeds of C$27,065,605

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