19 Sept 2017securities registration● Neutral
McEwen Inc. filed a prospectus supplement for an offering off its existing shelf.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
8 Sept 2017resource reserve update▲ GoodMajor
A major new economic study for Los Azules showed sharply improved economics - an after-tax NPV of $2.2 billion (20.1% IRR), 3.6-year payback and 36-year mine life - after McEwen redesigned the project around a conventional flotation concentrator and phased 80,000-to-120,000-tonne-per-day throughput, helped by Argentina's removal of export taxes on mineral concentrates.
1 Sept 2017material agreement▲ Good
An amended filing added the contract detail behind the Black Fox deal: McEwen would pay $35 million cash for the Black Fox Complex and the adjacent Grey Fox exploration property, assuming certain liabilities, with an October 2, 2017 scheduled close.
29 Aug 2017asset acquisition disposition▲ GoodMajor
McEwen and Primero signed the binding definitive agreement for the $35 million Black Fox purchase, targeting a late-September close and highlighting the deal's excess mill capacity and exploration upside along the Destor-Porcupine Fault.
10 Aug 2017asset acquisition disposition▲ GoodMajor
McEwen agreed to buy the producing Black Fox Complex in Timmins, Canada from Primero Mining for $35 million, immediately adding 50,000-60,000 oz/year of gold production and giving it a base to consolidate its recently acquired Timmins-area deposits around a single mill.
3 Aug 2017quarterly activities report▼ Bad
McEwen Inc. reported quarterly revenue of $15.1 million and a net loss of $1.7 million for the period ended 2017-06-30.
2 Aug 2017quarterly activities report▼ Bad
McEwen Inc. reported quarterly revenue of $15.1 million and a net loss of $1.7 million for the period ended 2017-06-30.
2 Aug 2017quarterly activities report▼ Bad
McEwen Inc. reported quarterly revenue of $15.1 million and a net loss of $1.7 million for the period ended 2017-06-30.
2 June 2017director interest notice● Neutral
Robin Dunbar became a McEwen Inc. director and company insider (initial ownership filing).
30 May 2017director interest notice● Neutral
McEwen Inc. Chairman and CEO Robert Ross Mcewen exercised stock options for 405,740 shares and disposed of 405,740 shares.
17 May 2017director interest notice● Neutral
McEwen Inc. Managing Director Nathan Stubina received 280 shares as part of the equity award.
4 May 2017quarterly activities report▼ Bad
McEwen Inc. reported quarterly revenue of $14.8 million and a net loss of $3.0 million for the period ended 2017-03-31.
4 May 2017quarterly activities report▼ Bad
McEwen Inc. reported quarterly revenue of $14.8 million and a net loss of $3.0 million for the period ended 2017-03-31.
28 Apr 2017business combination▲ GoodMajor
The Lexam VG Gold acquisition closed, with McEwen issuing about 12.3 million shares (roughly 3.9% of its stock) to Lexam holders and delisting Lexam from the TSX - adding to McEwen's land position in the Timmins gold camp.
27 Apr 2017director interest notice● Neutral
McEwen Inc. Chairman and CEO Robert Ross Mcewen received 2,995,697 shares and a 405,740-share option grant as part of the equity award.
27 Apr 2017director interest notice● Neutral
McEwen Inc. director Richard W. Brissenden received a stock option grant for 100,000 shares.
27 Apr 2017director interest notice● Neutral
McEwen Inc. Vice President, Finance Andrew Iaboni received a stock option grant for 90,000 shares.
27 Apr 2017substantial holder notice● Neutral
Robert Ross McEwen reported a McEwen Inc. shareholding of 78,787,355 shares (25.30% of votes) in a periodic institutional filing.
25 Apr 2017director interest notice● Neutral
Sylvain Guerard became a McEwen Inc. SVP, Exploration and company insider (initial ownership filing).
25 Apr 2017director interest notice● Neutral
McEwen Inc. SVP, Exploration Sylvain Guerard received a stock option grant for 210,000 shares.
19 Apr 2017quarterly activities report▼ Bad
McEwen Inc. reported quarterly revenue of $14.8 million and a net loss of $3.0 million for the period ended 2017-03-31.
1 Mar 2017quarterly activities report▼ Bad
McEwen Inc. reported a quarterly net loss of $4.5 million for the period ended 2016-12-31.
17 Feb 2017business combination▲ GoodMajor
McEwen agreed to acquire Lexam VG Gold, a Timmins-area gold explorer also chaired by Rob McEwen himself, for 0.056 McEwen shares per Lexam share; McEwen and a fellow director who sat on both boards abstained from the vote given their dual interest.
13 Feb 2017substantial holder notice● Neutral
Van Eck Associates Corporation reported a McEwen Inc. shareholding of 43,698,808 shares (14.59% of votes) in a periodic institutional filing.
17 Jan 2017quarterly activities report▼ Bad
McEwen Inc. reported a quarterly net loss of $4.5 million for the period ended 2016-12-31.
22 Dec 2016securities registration● Neutral
McEwen Inc. filed the final prospectus for a registered offering.
16 Dec 2016director interest notice● Neutral
McEwen Inc. director Richard W. Brissenden exercised stock options for 25,000 shares and disposed of 40,000 shares.
3 Nov 2016quarterly activities report● Neutral
McEwen Inc. reported quarterly revenue of $13.4 million and net income of $4.2 million for the period ended 2016-09-30.
3 Nov 2016quarterly activities report● Neutral
McEwen Inc. reported quarterly revenue of $13.4 million and net income of $4.2 million for the period ended 2016-09-30.
13 Oct 2016quarterly activities report● Neutral
McEwen Inc. reported quarterly revenue of $13.4 million and net income of $4.2 million for the period ended 2016-09-30.