McEwen MiningNYSE: MUX

McEwen Mining receives a "Buy" rating due to improved performance in Nevada and positive prospects in Ontario and Argentina. President Milei's legislative package in Argentina creates a favorable environment for private initiatives, benefiting the mining industry. Despite recent challenges, McEwen Mining's Q1-2024 results and growth plans show promise, supported by positive trends in gold and silver prices.

TNR Gold Corp (TSX-V:TNR, OTC:TRRXF) has announced an update from McEwen Mining on the Los Azules copper, gold, and silver project in San Juan, Argentina, where TNR holds a 0.4% net smelter returns royalty. McEwen Mining has launched a private placement of just over 2.3 million shares of its subsidiary, McEwen Copper Inc., at $30 per share, aiming to raise $70 million to advance a bankable feasibility study for the Los Azules project.

TORONTO, June 24, 2024 (GLOBE NEWSWIRE) -- McEwen Mining Inc. (NYSE and TSX: MUX) announces a non-brokered private placement financing of up to 2,333,333 common shares of its wholly-owned subsidiary McEwen Copper Inc. at a subscription price of US$30.00 per common share, for gross proceeds of up to US$70 million (the "Offering"). McEwen Copper currently has 30,937,615 common shares outstanding (basic and diluted).

TORONTO, June 14, 2024 (GLOBE NEWSWIRE) -- McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) (“McEwen”) is pleased to report it has closed the previously announced public financing for US$22.0 million (Cdn$30.0 million) to fund ongoing exploration and development at the Fox Complex in the Timmins region of Ontario, primarily focused on exploration drilling and the development of an underground access ramp from surface to mine the gold resources of Stock East and West. This represents the next area of production growth at the Fox Complex.

TNR Gold Corp (TSX-V:TNR, OTC:TRRXF) executive chairman, Kirill Klip, shared promising updates on the Los Azules project in Argentina with Proactive in a recent interview. TNR Gold holds a 0.4% net smelter returns royalty on this project, which has shown promising assay results from the recent 70,000-meter drilling season.

70,000 meters of drilling have been completed at the Los Azules project in Argentina. Some highlights include 349.0 meters of 0.77% Cu, with 232.0 meters of 0.86% Cu (AZ23292) and 382.5 meters of 0.54% Cu, with 74.0 meters of 0.86% Cu (AZ23277). McEwen Copper Inc., majority owned by McEwen Mining Inc., is pleased to announce the assay results from the recent drill season. The main goals of this season's drilling campaign were: 1.

McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) is hosting a conference call on May 9th, 2024 at 11:00 AM EDT to discuss our Q1 2024 financial results and project updates. Participants can ask questions during the webcast.

McEwen (MUX) passed our "Recent Price Strength" screen and may be a promising option for investors seeking to capitalize on stocks showing momentum.

McEwen (MUX) experienced significant movement during the last trading session due to above-average trading volume. However, the recent trend in earnings estimate revisions may not support further upward momentum for the stock in the short term.