9 Feb 2021material agreement▲ GoodMajor
McEwen raised $31.5 million selling 30 million shares at $1.05 apiece to institutional investors off its existing shelf registration, netting about $29.9 million for its mining projects and working capital.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
8 Feb 2021securities registration● Neutral
McEwen Inc. filed a prospectus supplement for an offering off its existing shelf.
3 Feb 2021quarterly activities report▼ Bad
McEwen Inc. reported a quarterly net loss of $23.5 million for the period ended 2020-12-31.
2 Feb 2021capital raising announcement▲ GoodMajor
Raised $16.3 million in a further flow-through offering through Cantor Fitzgerald Canada, its largest of this financing pattern yet.
7 Jan 2021resource reserve update▼ BadMajor
McEwen confirmed the Gold Bar reserve reduction it had flagged as likely back in Q1 2020: Probable Reserves are now 302,000 oz, down 30% from the 430,000 oz estimated when mining started in 2019, driven by revised geology, metallurgy and drilling data; after-tax NPV is now $62-76 million at $1,500/oz gold.
4 Jan 2021quarterly activities report▼ Bad
McEwen Inc. reported a quarterly net loss of $23.5 million for the period ended 2020-12-31.
31 Dec 2020capital raising announcement● Neutral
Closed the upsized flow-through offering for about $9.8 million.
18 Dec 2020capital raising announcement▲ Good
Upsized the same offering to CAD$11.5 million just a day later, citing strong investor demand.
18 Dec 2020capital raising announcement▲ Good
Announced a CAD$10 million flow-through financing priced at a 22% premium to the stock's recent closing price - an unusually strong sign of investor demand for the Timmins exploration story.
20 Nov 2020director interest notice● Neutral
McEwen Inc. insider Michael Leon Stein exercised stock options for 150,000 shares.
17 Nov 2020director interest notice● Neutral
McEwen Inc. CHIEF OPERATING OFFICER G. Peter Mah bought 8,000 shares on the open market at $1.31.
30 Oct 2020quarterly activities report▼ Bad
McEwen Inc. reported quarterly revenue of $27.4 million and a net loss of $9.8 million for the period ended 2020-09-30.
29 Oct 2020quarterly activities report▼ Bad
McEwen Inc. reported quarterly revenue of $27.4 million and a net loss of $9.8 million for the period ended 2020-09-30.
16 Oct 2020quarterly activities report▼ Bad
McEwen Inc. reported quarterly revenue of $27.4 million and a net loss of $9.8 million for the period ended 2020-09-30.
1 Oct 2020director interest notice● Neutral
McEwen Inc. Chief Financial Officer Anna Man-yue Ladd-kruger received a stock option grant for 200,000 shares.
1 Oct 2020director interest notice● Neutral
McEwen Inc. VICE PRESIDENT, PROJECTS Simon Tyler Quick received a stock option grant for 48,000 shares.
1 Oct 2020director interest notice● Neutral
McEwen Inc. VP CORPORATE DEVELOPMENT Stephan Michael Spears received a stock option grant for 126,000 shares.
1 Oct 2020director interest notice● Neutral
McEwen Inc. CHIEF OPERATING OFFICER Michael Leon Stein received a stock option grant for 105,000 shares.
1 Oct 2020director interest notice● Neutral
McEwen Inc. CHAIRMAN AND CEO Robert Ross Mcewen received a stock option grant for 500,000 shares.
1 Oct 2020director interest notice● Neutral
McEwen Inc. insider Donald R. M. Quick received a stock option grant for 75,000 shares.
1 Oct 2020director interest notice● Neutral
McEwen Inc. insider Gregory P Fauquier received a stock option grant for 75,000 shares.
1 Oct 2020director interest notice● Neutral
Anna Man-yue Ladd-kruger became a McEwen Inc. Chief Financial Officer and company insider (initial ownership filing).
1 Oct 2020director interest notice● Neutral
McEwen Inc. insider Robin E. Dunbar received a stock option grant for 75,000 shares.
1 Oct 2020director interest notice● Neutral
McEwen Inc. GENERAL COUNSEL/CORP SEC Carmen L Diges received a stock option grant for 210,000 shares.
1 Oct 2020director interest notice● Neutral
McEwen Inc. insider Richard W. Brissenden received a stock option grant for 75,000 shares.
1 Oct 2020director interest notice● Neutral
McEwen Inc. VICE PRESIDENT, FINANCE Andrew Iaboni received a stock option grant for 156,000 shares.
1 Oct 2020director interest notice● Neutral
McEwen Inc. insider Michael Leon Stein received a stock option grant for 75,000 shares.
1 Oct 2020director interest notice● Neutral
McEwen Inc. insider Michele L Ashby received a stock option grant for 75,000 shares.
1 Oct 2020director interest notice● Neutral
McEwen Inc. insider Allen V Ambrose received a stock option grant for 75,000 shares.
1 Oct 2020director interest notice● Neutral
McEwen Inc. insider Leanne M Baker received a stock option grant for 75,000 shares.