24 June 2022director interest notice● Neutral
Perry Ing became a McEwen Inc. Chief Financial Officer and company insider (initial ownership filing).
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
23 June 2022asset acquisition disposition▲ GoodMajor
McEwen Copper closed a further $15 million private placement (1.5 million shares) with outside investors, on top of the $40 million Evanachan sale from a year earlier; parent McEwen Mining's stake in the Los Azules vehicle is now down to 76% as outside capital keeps coming in.
17 May 2022director interest notice● Neutral
McEwen Inc. insider Merri Sanchez received a stock option grant for 100,000 shares.
11 May 2022quarterly activities report▼ Bad
McEwen Inc. reported quarterly revenue of $25.5 million and a net loss of $19.3 million for the period ended 2022-03-31.
10 May 2022quarterly activities report▼ Bad
McEwen Inc. reported quarterly revenue of $25.5 million and a net loss of $19.3 million for the period ended 2022-03-31.
6 Apr 2022capital raising announcement▼ BadMajor
After a weak first quarter (COVID-related staffing losses, cold weather and equipment failures hit Fox Complex and San Jose output), Chairman Rob McEwen personally lent the company a further $15 million via an unsecured promissory note, while its existing $50 million term loan was amended to push out $50 million of principal repayments (to 2025) and drop its security interest over McEwen Copper and Los Azules - freeing that subsidiary to raise its own outside capital.
17 Mar 2022director interest notice● Neutral
McEwen Inc. CHIEF OPERATING OFFICER G. Peter Mah bought 23,575 shares on the open market at $1.06.
9 Mar 2022director interest notice● Neutral
Merri Sanchez became a McEwen Inc. company insider (initial ownership filing).
1 Mar 2022quarterly activities report▼ Bad
McEwen Inc. reported quarterly revenue of $35.0 million and a net loss of $20.9 million for the period ended 2021-12-31.
27 Jan 2022resource reserve update▲ GoodMajor
A new economic study for the Fox Complex in Timmins showed a 12-plus-year mine life averaging nearly 72,000 oz/year of gold at under $800/oz cash cost, building on the Froome mine's successful 2021 startup; McEwen hired Wood Canada to help decide how to unlock further value from the wider Fox property package.
7 Jan 2022listing compliance notice▼ BadMajor
For the third time (2015, 2020, now 2022), McEwen fell below the NYSE's $1.00 minimum average share price, triggering another six-month cure period and ".BC" ticker designation; its TSX listing is unaffected.
5 Nov 2021director interest notice● Neutral
McEwen Inc. insider William M Shaver received a stock option grant for 100,000 shares.
4 Nov 2021quarterly activities report▼ Bad
McEwen Inc. reported quarterly revenue of $37.1 million and a net loss of $17.4 million for the period ended 2021-09-30.
3 Nov 2021quarterly activities report▼ Bad
McEwen Inc. reported quarterly revenue of $37.1 million and a net loss of $17.4 million for the period ended 2021-09-30.
13 Oct 2021director interest notice● Neutral
William M Shaver became a McEwen Inc. company insider (initial ownership filing).
25 Aug 2021asset acquisition disposition▲ GoodMajor
McEwen Copper - the private subsidiary McEwen spun out to hold the Los Azules copper project - sold a $40 million stake (4 million shares at $10 each) to Evanachan, the company owned by Chairman Rob McEwen, as part of an up-to-8-million-share private placement; Evanachan now owns 18.6% of McEwen Copper alongside the parent's majority stake.
23 Aug 2021capital raising announcement▲ GoodMajor
Publicized the closing of the $40 million first tranche of McEwen Copper's Series B placement, all of it bought by Chairman Rob McEwen's Evanachan Limited - the same transaction detailed two days later in the company's formal contract-disclosure filing.
19 Aug 2021director interest notice● Neutral
McEwen Inc. CHIEF FINANCIAL OFFICER Anna Man-yue Ladd-kruger bought 10,000 shares on the open market at $1.04.
11 Aug 2021director interest notice● Neutral
McEwen Inc. CHIEF FINANCIAL OFFICER Anna Man-yue Ladd-kruger received 100,000 shares as an equity award and bought 20,000 shares on the open market.
11 Aug 2021director interest notice● Neutral
McEwen Inc. EVP of Exploration Stephen Mcgibbon received a stock option grant for 200,000 shares.
5 Aug 2021quarterly activities report▼ Bad
McEwen Inc. reported quarterly revenue of $40.7 million and a net loss of $6.0 million for the period ended 2021-06-30.
4 Aug 2021quarterly activities report▼ Bad
McEwen Inc. reported quarterly revenue of $40.7 million and a net loss of $6.0 million for the period ended 2021-06-30.
7 May 2021quarterly activities report▼ Bad
McEwen Inc. reported quarterly revenue of $23.7 million and a net loss of $12.5 million for the period ended 2021-03-31.
7 May 2021quarterly activities report▼ Bad
McEwen Inc. reported quarterly revenue of $23.7 million and a net loss of $12.5 million for the period ended 2021-03-31.
20 Apr 2021quarterly activities report▼ Bad
McEwen Inc. reported quarterly revenue of $23.7 million and a net loss of $12.5 million for the period ended 2021-03-31.
19 Apr 2021director interest notice● Neutral
Stephen Mcgibbon became a McEwen Inc. EVP of Exploration and company insider (initial ownership filing).
1 Apr 2021director interest notice● Neutral
McEwen Inc. CHIEF FINANCIAL OFFICER Anna Man-yue Ladd-kruger bought 20,000 shares on the open market at $1.03.
17 Mar 2021production update▼ BadMajor
McEwen's El Gallo mine in Mexico was temporarily shut down after local community members illegally blockaded the site's main access, demanding larger community payments; the site is only minimally staffed while McEwen negotiates a resolution, though El Gallo represents just 3-4% of 2021 production guidance.
23 Feb 2021resource reserve update● NeutralMajor
McEwen filed the formal, bankable feasibility study confirming Gold Bar's reduced reserve base: a 6-year mine life producing 302,000 oz of gold, with an after-tax NPV of $55.2 million at $1,500/oz.
17 Feb 2021resource reserve update▲ GoodMajor
McEwen filed the full feasibility study for Project Fenix at El Gallo: a 9.5-year mine life in two phases (gold, then silver) with a 28% after-tax IRR at $1,500 gold, permits for Phase 1 already in hand, and next steps focused on engineering and financing.