30 Apr 2019quarterly activities report▼ Bad
McEwen Inc. reported quarterly revenue of $15.6 million and a net loss of $10.1 million for the period ended 2019-03-31.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
10 Apr 2019quarterly activities report▼ Bad
McEwen Inc. reported quarterly revenue of $15.6 million and a net loss of $10.1 million for the period ended 2019-03-31.
29 Mar 2019material agreement▲ GoodMajor
McEwen raised about $25 million in a private placement of stock-and-warrant units at $1.55/unit to an institutional investor and several of its own directors and officers, netting roughly $23.5 million for its mining projects and working capital.
27 Mar 2019securities registration● Neutral
McEwen Inc. filed a prospectus supplement for an offering off its existing shelf.
13 Mar 2019material agreement termination● Neutral
McEwen voluntarily cancelled its $90 million at-the-market equity program with no penalty, days before announcing a cheaper, targeted private placement instead.
21 Feb 2019quarterly activities report▼ Bad
McEwen Inc. reported a quarterly net loss of $21.0 million for the period ended 2018-12-31.
12 Feb 2019substantial holder notice● Neutral
Van Eck Associates Corporation reported a McEwen Inc. shareholding of 41,167,706 shares (11.93% of votes) in a periodic institutional filing.
15 Jan 2019quarterly activities report▼ Bad
McEwen Inc. reported a quarterly net loss of $21.0 million for the period ended 2018-12-31.
21 Dec 2018capital raising announcement● Neutral
Closed that flow-through offering for approximately $15 million gross.
6 Dec 2018capital raising announcement● Neutral
Announced another flow-through financing to keep funding exploration in the Timmins region.
3 Dec 2018material agreement● Neutral
McEwen's Mexican subsidiary extended its Bancomext line of credit's borrowing window to December 2019 and agreed to added environmental reporting covenants.
9 Nov 2018material agreement● Neutral
McEwen set up an at-the-market equity program with six banks (UBS, BMO, Cantor Fitzgerald, H.C. Wainwright, Roth and A.G.P.) letting it sell up to $90 million of common stock as needed.
9 Nov 2018securities registration● Neutral
McEwen Inc. filed a prospectus supplement for an offering off its existing shelf.
31 Oct 2018quarterly activities report▼ Bad
McEwen Inc. reported quarterly revenue of $26.9 million and a net loss of $13.3 million for the period ended 2018-09-30.
30 Oct 2018quarterly activities report▼ Bad
McEwen Inc. reported quarterly revenue of $26.9 million and a net loss of $13.3 million for the period ended 2018-09-30.
12 Oct 2018quarterly activities report▼ Bad
McEwen Inc. reported quarterly revenue of $26.9 million and a net loss of $13.3 million for the period ended 2018-09-30.
16 Aug 2018debt financing▲ GoodMajor
McEwen borrowed $50 million at 9.75% interest to fund Gold Bar construction and working capital, secured by a lien on company assets; half of the loan ($25 million) came from Evanachan Limited, a company owned by McEwen's own Chairman and CEO Robert McEwen.
2 Aug 2018quarterly activities report▼ Bad
McEwen Inc. reported quarterly revenue of $33.8 million and a net loss of $5.4 million for the period ended 2018-06-30.
31 July 2018quarterly activities report▼ Bad
McEwen Inc. reported quarterly revenue of $33.8 million and a net loss of $5.4 million for the period ended 2018-06-30.
31 July 2018quarterly activities report▼ Bad
McEwen Inc. reported quarterly revenue of $33.8 million and a net loss of $5.4 million for the period ended 2018-06-30.
25 July 2018resource reserve update▲ GoodMajor
McEwen's $15 million 2018 Black Fox exploration program hit a record pace (129,000 ft drilled in Q2 alone) with encouraging results at the Stock East, Froome and Gibson targets, and the Black Fox Mine's own resource was upgraded, eliminating the Inferred category entirely in favor of Indicated ounces.
16 July 2018quarterly activities report▼ Bad
McEwen Inc. reported quarterly revenue of $33.8 million and a net loss of $5.4 million for the period ended 2018-06-30.
9 July 2018resource reserve update▲ GoodMajor
McEwen filed the finalized El Gallo mine-life-extension study ('Project Fenix') and explicitly corrected the numbers it had previewed six weeks earlier: mine life is actually 12 years (not 10), with a 28% after-tax IRR, $60 million NPV, $41 million initial capital and 47,000 oz/year of gold-equivalent production.
29 May 2018securities registration● Neutral
McEwen Inc. amended a filing by which it registered a securities offering with the SEC using its shelf eligibility.
25 May 2018resource reserve update▲ GoodMajor
Three updates in one week: the Tamarack deposit at Black Fox got its first resource estimate including base metals (127,000 Indicated gold-equivalent oz, up from 41,000 Inferred oz), McEwen flagged a possible promissory-note financing for Gold Bar construction, and it previewed a new economic study extending El Gallo's mine life by about 10 years.
2 May 2018quarterly activities report▼ Bad
McEwen Inc. reported quarterly revenue of $41.3 million and a net loss of $5.2 million for the period ended 2018-03-31.
2 May 2018quarterly activities report▼ Bad
McEwen Inc. reported quarterly revenue of $41.3 million and a net loss of $5.2 million for the period ended 2018-03-31.
27 Apr 2018securities registration● Neutral
McEwen Inc. registered a securities offering with the SEC using its shelf eligibility.
16 Apr 2018quarterly activities report▼ Bad
McEwen Inc. reported quarterly revenue of $41.3 million and a net loss of $5.2 million for the period ended 2018-03-31.
22 Feb 2018quarterly activities report● Neutral
McEwen Inc. reported a quarterly net income of $2.2 million for the period ended 2017-12-31.