9 Aug 2013quarterly activities report● Neutral
McEwen Inc. reported quarterly revenue of $10.5 million for the period ended 2013-06-30.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
7 Aug 2013resource reserve update▲ GoodMajor
The neighboring, not-yet-built El Gallo 2 project also grew its resource sharply - Measured & Indicated silver up 20% to 63.9 million oz and gold up 215% to about 202,000 oz - as McEwen converted Inferred material ahead of updating the project's mine plan.
17 July 2013resource reserve update▲ GoodMajor
McEwen's El Gallo 1 mine in Mexico, which had just reached commercial production in January 2013, saw its gold resource grow 38% to about 691,500 ounces, and the company began a 50% mill expansion (to 4,500 tonnes/day, ~$5 million) meant to ramp output from 27,300 oz this year toward 75,000 oz by 2016.
10 July 2013substantial holder notice● Neutral
BlackRock, Inc reported a McEwen Inc. shareholding of 5,050,441 shares (1.95% of votes) in a periodic institutional filing.
22 May 2013director interest notice● Neutral
McEwen Inc. Senior Vice President Ian J Ball received a stock option grant for 240,000 shares.
22 May 2013director interest notice● Neutral
McEwen Inc. Chief Operating Officer William Alexander Faust received a stock option grant for 150,000 shares.
22 May 2013director interest notice● Neutral
McEwen Inc. director Richard W. Brissenden received a stock option grant for 45,000 shares.
22 May 2013director interest notice● Neutral
McEwen Inc. Vice President - Projects Simon Tyler Quick received a stock option grant for 90,000 shares.
22 May 2013director interest notice● Neutral
McEwen Inc. Vice President - Argentina Andrew Louis Elinesky received a stock option grant for 90,000 shares.
22 May 2013director interest notice● Neutral
McEwen Inc. director Donald R. M. Quick received a stock option grant for 45,000 shares.
22 May 2013director interest notice● Neutral
McEwen Inc. Vice Pres. Corp Affairs & Sec Nils Engelstad received a stock option grant for 90,000 shares.
22 May 2013director interest notice● Neutral
McEwen Inc. director Michele L Ashby received a stock option grant for 45,000 shares.
22 May 2013director interest notice● Neutral
McEwen Inc. Vice President and CFO Perry Ing received a stock option grant for 150,000 shares.
22 May 2013director interest notice● Neutral
McEwen Inc. director Allen V Ambrose received a stock option grant for 45,000 shares.
22 May 2013director interest notice● Neutral
McEwen Inc. director Leanne M Baker received a stock option grant for 45,000 shares.
15 May 2013resource reserve update▲ GoodMajor
The Los Azules resource grew again - Indicated copper up 17% to 5.4 billion lbs and Inferred up 32% to 14.3 billion lbs - capping the most successful drill season yet, with a new economic study due in the third quarter to evaluate higher throughput and producing cathode copper instead of concentrate.
9 May 2013quarterly activities report● Neutral
McEwen Inc. reported quarterly revenue of $13.5 million for the period ended 2013-03-31.
8 May 2013quarterly activities report● Neutral
McEwen Inc. reported quarterly revenue of $13.5 million for the period ended 2013-03-31.
22 Apr 2013director interest notice● Neutral
McEwen Inc. President and CEO Robert Ross Mcewen received a stock option grant for 38,725,714 shares.
28 Mar 2013drilling progress report▲ GoodMajor
New Los Azules drill results extended high-grade copper mineralization both along a new western trend and more than 300 meters deeper than previously tested, including 0.51% copper over 618.5 meters in one hole - results that will feed into a resource update due by the end of May.
13 Feb 2013substantial holder notice● Neutral
The Vanguard Group disclosed a new substantial McEwen Inc. shareholding (6.02% of votes).
13 Feb 2013substantial holder notice● Neutral
Van Eck Associates Corporation disclosed a new substantial McEwen Inc. shareholding (6.06% of votes).
7 Feb 2013material agreement▲ GoodMajor
McEwen settled a British Columbia lawsuit over ownership of mineral claims around its flagship Los Azules copper project, agreeing to issue 1 million shares to plaintiff TNR Gold Corp in exchange for a full release of claims - clearing a title dispute that had clouded the asset since before McEwen acquired it via Minera Andes in 2012.
6 Feb 2013resource reserve update▲ GoodMajor
A further Los Azules resource update pushed Inferred copper up another 29% to 13.95 billion lbs, though Indicated copper slipped slightly to 4.45 billion lbs as deeper drilling opened up a new parallel mineralized trend; an updated economic study was slated for later in 2013.
4 Feb 2013substantial holder notice● Neutral
Royce & Associates, LLC reported a McEwen Inc. shareholding of 10,886,918 shares (5.71% of votes) in a periodic institutional filing.
30 Jan 2013substantial holder notice● Neutral
BlackRock, Inc disclosed a new substantial McEwen Inc. shareholding (7.00% of votes).
20 Dec 2012director interest notice● Neutral
McEwen Inc. director Donald R. M. Quick exercised stock options for 45,000 shares and disposed of 45,000 shares.
20 Nov 2012director interest notice● Neutral
McEwen Inc. director Richard W. Brissenden sold 30,000 shares.
19 Nov 2012director interest notice● Neutral
McEwen Inc. director Richard W. Brissenden sold 120,000 shares.
13 Nov 2012material agreement● Neutral
At the NYSE's request, McEwen amended Rob McEwen's backstop agreement to strip out a provision reimbursing his expenses - a minor cleanup to the October rights-offering backstop, not a change in his underlying commitment.