13 Nov 2023quarterly activities report▼ Bad
McEwen Inc. reported quarterly revenue of $38.4 million and a net loss of $18.5 million for the period ended 2023-09-30.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
8 Nov 2023quarterly activities report▼ Bad
McEwen Inc. reported quarterly revenue of $38.4 million and a net loss of $18.5 million for the period ended 2023-09-30.
6 Nov 2023securities registration● Neutral
McEwen Inc. registered a securities offering with the SEC using its shelf eligibility.
31 Oct 2023quarterly activities report▼ Bad
McEwen Inc. reported quarterly revenue of $38.4 million and a net loss of $18.5 million for the period ended 2023-09-30.
24 Oct 2023capital raising announcement▲ Good
Nuton topped up its McEwen Copper stake with a further $10 million ($4 million bought directly from McEwen Copper, $6 million bought from parent McEwen Mining), keeping pace as new investors like Stellantis diluted its position.
16 Oct 2023capital raising announcement▲ GoodMajor
Stellantis invested a further $120 million in McEwen Copper through FCA Argentina, its second tranche in under a year, continuing to deepen its stake in Los Azules.
6 Oct 2023drilling result▲ GoodMajor
McEwen reported new assay results from the Stock property at its Fox Complex and filed the formal SEC-compliant (S-K 1300) technical report summary for Los Azules, putting the resource estimate behind June's PEA on official U.S. regulatory footing.
5 Sept 2023director interest notice● Neutral
McEwen Inc. director Michelle Makori received a stock option grant for 20,000 shares.
5 Sept 2023director interest notice● Neutral
McEwen Inc. director Ian J Ball received a stock option grant for 10,000 shares.
21 Aug 2023director interest notice● Neutral
Michelle Makori became a McEwen Inc. director and company insider (initial ownership filing).
11 Aug 2023quarterly activities report▼ Bad
McEwen Inc. reported quarterly revenue of $34.4 million and a net loss of $21.6 million for the period ended 2023-06-30.
9 Aug 2023quarterly activities report▼ Bad
McEwen Inc. reported quarterly revenue of $34.4 million and a net loss of $21.6 million for the period ended 2023-06-30.
26 June 2023director interest notice● Neutral
McEwen Inc. director Ian J Ball bought 2,656 shares on the open market at $7.16.
21 June 2023resource reserve update▲ GoodMajor
A major new Los Azules study built around heap-leaching and cathode production (rather than a conventional concentrator) showed a $2.659 billion after-tax NPV and 21.2% IRR, with the resource itself growing to 10.9 billion lbs of Indicated copper - though the leach-cathode design requires $2.46 billion of initial capital, and McEwen Mining's own stake in the Los Azules vehicle has fallen further to 52% as outside capital keeps funding it.
30 May 2023debt financing● NeutralMajor
McEwen refinanced its secured credit facility a third time, fully repaying and removing Sprott as lender and consolidating everything under insider lender Evanachan (owned by Chairman Rob McEwen), which also absorbed a separate $15 million note into the facility - leaving McEwen's own Chairman as its sole secured lender for $40 million.
9 May 2023quarterly activities report▼ Bad
McEwen Inc. reported quarterly revenue of $34.8 million and a net loss of $43.1 million for the period ended 2023-03-31.
8 May 2023quarterly activities report▼ Bad
McEwen Inc. reported quarterly revenue of $34.8 million and a net loss of $43.1 million for the period ended 2023-03-31.
15 Mar 2023material agreement▲ GoodMajor
Nuton (a Rio Tinto subsidiary and existing McEwen Copper shareholder) agreed to buy $6.6 million of newly issued McEwen Copper shares directly plus another $23.4 million of shares secondhand from McEwen Mining itself, while also amending their existing technology-collaboration agreement - deepening a major strategic partner's stake in the Los Azules vehicle.
1 Mar 2023capital raising announcement▲ GoodMajor
Global automaker Stellantis, through its Argentine subsidiary FCA Argentina, invested roughly $155 million in McEwen Copper - $108 million in newly issued shares and $47.4 million buying existing shares from McEwen Mining itself - a major strategic validation of Los Azules as a future EV-supply-chain copper source.
26 Jan 2023drilling result▲ GoodMajor
More Los Azules assay results showed thick, high-grade copper intercepts (up to 237 meters at 1.05% copper), including one deep hole that intersected mineralization as far as 1,100 meters down - underscoring the deposit's scale as drilling continued.
22 Dec 2022production update▲ GoodMajor
After a rough start to 2022, McEwen reported a turnaround underway - rising production and falling per-ounce costs in October-November - and guided to 150,000-170,000 gold-equivalent ounces for 2023, up from a full-year 2022 forecast of about 135,700-141,800 ounces (still below 2021's 154,400).
7 Nov 2022quarterly activities report▼ Bad
McEwen Inc. reported quarterly revenue of $26.0 million and a net loss of $10.0 million for the period ended 2022-09-30.
4 Nov 2022quarterly activities report▼ Bad
McEwen Inc. reported quarterly revenue of $26.0 million and a net loss of $10.0 million for the period ended 2022-09-30.
7 Sept 2022farm in farm out agreement▲ GoodMajor
McEwen Copper signed a deal letting Rio Tinto subsidiary Kennecott Exploration earn a 60% interest in the Elder Creek copper project in Nevada by spending $18 million over up to seven years and operating it, after which the two would form a 60:40 joint venture - a non-dilutive way to fund exploration on a secondary asset while McEwen retains a 1.25% royalty.
6 Sept 2022capital raising announcement▲ GoodMajor
Nuton LLC, a Rio Tinto subsidiary, bought into McEwen Copper for the first time - $26.85 million for a 9.73% stake, the third and final closing of the Series B round - and the two sides signed a collaboration agreement to test Nuton's copper leaching technology on Los Azules ore, a validation of the project's technical direction.
11 Aug 2022quarterly activities report▼ Bad
McEwen Inc. reported quarterly revenue of $30.6 million and a net loss of $14.4 million for the period ended 2022-06-30.
10 Aug 2022quarterly activities report▼ Bad
McEwen Inc. reported quarterly revenue of $30.6 million and a net loss of $14.4 million for the period ended 2022-06-30.
9 Aug 2022late filing notice▼ Bad
McEwen Inc. notified the SEC that its quarterly report would be filed late.
4 Aug 2022drilling result▲ GoodMajor
New Los Azules drilling returned long, high-grade copper intercepts (including 222 meters at 0.95% copper), part of a program aimed at upgrading resources and testing depth extensions ahead of an updated economic study due in early 2023; independent analysts ranked Los Azules among the world's five largest undeveloped copper deposits not already owned by a major miner.
18 July 2022director interest notice● Neutral
Ian J Ball became a McEwen Inc. company insider (initial ownership filing).