News Archives - Page 16 of 20

ThursdayFeb 13, 2025 9:30 am

RockBreaks – McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) Advances Los Azules Project with Application for Argentina’s Investment Incentives

McEwen Mining (NYSE: MUX) (TSX: MUX) announced that its subsidiary, McEwen Copper, has applied for Argentina’s Large Investment Incentive Regime (RIGI) to support development of the Los Azules copper project. The $2.7 billion project would benefit from reduced corporate taxes, VAT relief, export duty exemptions, and 30-year stability if approved. Chairman Robert McEwen emphasized the initiative aligns with Argentina’s push for foreign investment, while Vice President Michael Meding highlighted recent milestones, including an approved environmental permit. The move strengthens McEwen Mining’s position in the global copper market. To view the full press release, visit https://ibn.fm/HBcsm About McEwen Mining Inc. McEwen…

WednesdayFeb 12, 2025 9:15 am

RockBreaks – McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) Closes $110 Million Convertible Senior Notes Offering

McEwen Mining (NYSE: MUX) (TSX: MUX) has completed its previously announced offering of 5.25% convertible senior notes due 2030, raising $110 million, including a fully exercised $15 million option. The notes carry an initial conversion price of $11.25 per share, representing a 30% premium to the company’s Feb. 6 closing price, with a capped call potentially increasing the effective conversion price to $17.30. Proceeds will be used to partially repay $20 million of senior secured debt and fund corporate initiatives, including expanding gold production at the Fox Complex. Chairman Rob McEwen emphasized the financing’s low dilution risk and cost-effective structure.…

FridayFeb 07, 2025 9:27 am

RockBreaks – McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) Prices $95M Convertible Senior Notes Offering

McEwen Mining (NYSE: MUX) (TSX: MUX) announced the pricing of $95 million in convertible senior notes due 2030 in a private placement under Rule 144A of the Securities Act. The company granted initial purchasers an option to buy an additional $15 million in notes, potentially increasing the total to $110 million. The notes carry a 5.25% interest rate and an initial conversion price of $11.25 per share, a 30% premium over the Feb. 6 closing price of $8.65. A capped call transaction could increase the effective conversion price to $17.30 per share. Proceeds will be used for a capped call…

FridayFeb 07, 2025 8:30 am

RockBreaks – ESGold Corp. (CSE: ESAU) (OTCQB: ESAUF) Begins Trading on OTCQB to Expand U.S. Market Access

ESGold (CSE: ESAU) (OTCQB: ESAUF) announced its common shares began trading today on the OTCQB Venture Market under the symbol SEKZF, enhancing visibility and accessibility for U.S. investors. The move supports broader exposure and liquidity ahead of the Company’s targeted Q3 production start at its Montauban Project. ESGold has also submitted all required paperwork for DTC eligibility to enable seamless electronic settlement, with confirmation expected soon. To view the full press release, visit https://ibn.fm/CqRKh About ESGold Corp. ESGold Corp. (CSE: ESAU) (OTCQB: ESAUF) (FSE: Z7D) is a fully permitted, pre-production resource company at the forefront of clean mining and exploration innovation. With…

ThursdayFeb 06, 2025 10:05 am

RockBreaks – Torr Metals Inc. (TSX.V: TMET) Closes Final Tranche of Oversubscribed Private Placement, Raising $630,560

Torr Metals Inc. (TSX.V: TMET) has completed the final tranche of its oversubscribed non-brokered private placement, bringing total proceeds to $630,560. The company issued 1,382,500 non-flow-through units at $0.10 per unit, generating $138,250 in gross proceeds. CEO Malcolm Dorsey highlighted the funding's role in advancing the Filion Gold Project in northern Ontario, where recent surveys indicate strong discovery potential. Warrants from the offering are exercisable at $0.20 per share until Feb. 5, 2027, with an acceleration clause. The proceeds will support exploration and working capital, pending TSX Venture Exchange approval. To view the full press release, visit https://ibn.fm/FR5p8 About Torr…

WednesdayFeb 05, 2025 2:11 pm

RockBreaks – Eminent Gold Corp. (TSX.V: EMNT) (OTCQB: EMGDF) Announces Promising Assay Results from Hot Springs Range Project

Eminent Gold (TSX.V: EMNT) (OTCQB: EMGDF) today provided the remaining core assays for its first complete hole (“HSC002”) at the Hot Springs Range Project in Nevada and updated progress on its current drill hole (“HSC003”). “We are very pleased with the gold and arsenic mineralization occurring over a 427-meter interval in our first completed hole, which was drilled parallel to a key target structure into a blind target. The four significant intercepts are a great validation for our model and suggest that we are in the unveiling of a strong gold-mineralizing system. The presence of strong arsenic mineralization provides evidence…

WednesdayFeb 05, 2025 9:10 am

RockBreaks – McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) Announces Gold Resource Increase at Fox Complex’s Grey Fox Deposit

McEwen Mining (NYSE: MUX) (TSX: MUX) reported a significant increase in estimated gold resources at the Grey Fox deposit within its Fox Complex, compared to its 2021 estimate. The discovery cost was $14.46 per ounce, with mineralization located near the historically productive Porcupine-Destor fault. The increase is attributed to exploration drilling, a higher gold price assumption of $2,000 per ounce versus $1,725 in 2021, and a lower cut-off grade of 1.60 g/t gold. Chairman Rob McEwen stated that the expanded resources will support higher annual production and extended mine life. A complete resource update is expected in the coming weeks.…

MondayFeb 03, 2025 11:55 am

RockBreaks – McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) Reports Increased Gold Resources at Grey Fox Deposit

McEwen Mining (NYSE: MUX) (TSX: MUX) announced a significant increase in estimated gold resources at the Grey Fox deposit within its Fox Complex as of Dec. 31, 2024, compared to its 2021 estimate. The discovery cost averaged $14.46 per ounce, with new exploration drilling and higher gold prices contributing to the resource expansion. The updated resource estimate reflects a lower cut-off grade due to gold price adjustments from $1,750 to $2,000 per ounce. Chairman Rob McEwen stated that the expanded resources will support increased annual production and extended mine life. A full resource update is expected in the coming weeks.…

ThursdayJan 30, 2025 2:25 pm

RockBreaks – McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) Featured in New Video Series by Allan Barry Laboucan

McEwen Mining (NYSE: MUX) (TSX: MUX), an asset rich diversified gold and silver producer with a large exposure to copper through its McEwen Copper subsidiary, was recently featured in a new video series launched by Allan Barry Laboucan called “Insights into Drilling.” Allan has spent 30 years of his life watching drill results, drill programs, drill models and reasons for drilling. He sees it as the lifeblood of the mining business. In an email to subscribers introducing the first video of the series, he wrote, “McEwen Mining has catalysts from their world-class copper development project, strong improvement to their bottom…

WednesdayJan 29, 2025 12:03 pm

RockBreaks – McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) Reports 2024 Production Within Guidance; Sets 2025 Outlook; Makes Strategic Investment in Goliath Resources

McEwen Mining (NYSE: MUX) (TSX: MUX), announced full-year 2024 consolidated production of 135,900 gold equivalent ounces ("GEOs"), aligning with its annual guidance. Gold Bar and San José mines exceeded expectations with 44,600 and 60,100 GEOs, respectively, while the Fox Complex fell short at 30,150 GEOs due to a stope failure in early 2024. For 2025, MUX projects production between 120,000 and 140,000 GEOs, influenced by the transition at Fox from the Froome mine to the Stock mine, which is now expected to reach commercial production in early 2026. Gold Bar’s production will be weighted toward the second half of the…

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