“MCEWEN MINING is making great progress on their Los Azules Project in Argentina!”

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MCEWEN MINING ($NYSE:MUX) is a Canadian-based gold and silver producer with properties in the United States, Mexico and Argentina. The company is advancing their Los Azules Project in Argentina, which is a large, high-grade copper deposit. The company’s drill program is currently underway and they are confident that they will be able to continue to move the project forward. The Los Azules Project has the potential to be a world-class copper mine and MCEWEN MINING is committed to developing it in a responsible manner.

The company is working closely with local stakeholders to ensure that the project meets the highest environmental and social standards. MCEWEN MINING is committed to creating value for all of its shareholders and to being a good corporate citizen in the communities where it operates.

Price History

At the time of writing, media sentiment is mostly positive. On Friday, MCEWEN MINING stock opened at $3.6 and closed at $3.6, down by 1.1% from the previous closing price of $3.7. However, this does not seem to phase investors, as the company is still making significant progress on their project.

VI Analysis

MCEWEN MINING is a company with strong fundamentals that reflect its long term potential. The company has a medium risk rating in terms of financial and business aspects, and the VI App has detected 2 risk warnings in the balance sheet and cashflow statement. Register on vi.app to check it out.

VI Peers

The competition between McEwen Mining Inc and its competitors is fierce. All four companies are vying for supremacy in the gold mining industry. McEwen Mining Inc is the largest gold producer in North America, followed by SSR Mining Inc, Austral Gold Ltd, and Fresnillo PLC. All four companies have experienced significant growth in recent years, and each is determined to be the top gold producer in the world.

– SSR Mining Inc ($TSX:SSRM)

As of 2022, SSR Mining Inc has a market cap of 3.89B and a Return on Equity of 6.57%. The company is a leading precious metals producer with operations in North and South America. The company’s core assets include the Marigold mine in Nevada, the Puna Operations in Argentina, and the Seabee Gold Operation in Saskatchewan.

– Austral Gold Ltd ($ASX:AGD)

Austral Gold Ltd is a gold mining and exploration company. The company has a market cap of 26.33M as of 2022 and a Return on Equity of -12.84%. The company operates in Australia, Chile, and Argentina. Austral Gold Ltd is focused on increasing shareholder value through the exploration, development, and production of gold and copper projects.

– Fresnillo PLC ($LSE:FRES)

Fresnillo PLC is a Mexican-based precious metals mining company with a market capitalization of 5.22 billion as of 2022. The company is the world’s largest primary silver producer and Mexico’s largest gold producer. Fresnillo’s main assets are the Fresnillo and Saucito mines in the state of Zacatecas, and the Herradura mine in the state of Sonora. The company also has several development projects in Mexico, Peru, and Chile. Fresnillo’s primary products are silver and gold, and it also produces lead and zinc. The company has a strong focus on sustainable development and aims to reduce its environmental impact.

Summary

MCEWEN MINING is a Canadian-based gold and silver mining company with operations in the United States, Mexico and Argentina. This rally has been driven by the company’s progress on its Los Azules copper project in Argentina, which is one of the largest undeveloped copper deposits in the world. Investors are bullish on MCEWEN MINING because of the potential for the Los Azules project. If the project is developed successfully, it could be a major source of revenue for the company.

MCEWEN MINING has a strong balance sheet and is well-positioned to finance the development of Los Azules. The company’s share price could continue to rise as it moves closer to bringing the project into production.