에 대한 최신 뉴스 McEwen Mining (NYSE:MUX) 주식

McEwen Mining

McEwen Mining Inc is a mining and minerals production and exploration company focused on precious and base minerals in Argentina, Mexico, and the United States. The company's overall revenue is principally derived from the production of gold and silver. The company owns and operates the wholly-owned El Gallo 1 mine in Mexico, and has a minority shareholding in the company that operates the San Jose mine in Argentina. More than half the company's gold output is produced by the El Gallo 1 mine. The remaining gold production, and the majority of silver production, is produced by the San Jose mine. Geographically, the majority is from Canada.

Commodities

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GLDG

2024년 5월 29일 주요 뉴스: 1. BHP(NYSE:BHP)가 앵글로 아메리칸(OTC:AAUKF)의 500억 달러 규모의 인수 입찰을 마무리하기 위해 본래 수요일 오후 4:00 GMT로 예정된 기한 이후에 더 많은 시간을 요청했다. 원래 5월 22일 기한을 연장한 후 BHP는 추가 시간이 필요한 이유로 거래의 복잡한 구조를 언급했다.

수요일 주요 광업 뉴스: BHP, 앵글로 아메리칸, 골드마이닝, 아이반호 일렉트릭, 맥이웬

금요일 주요 광업 뉴스: BHP의 앵글로 인수 입찰, 맥이웬, 골드마이닝, 피드몬트 리튬

Sector ETFs

Federal Reserve

ETFs

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AUSTRALIAN STRATEGIC MTRL by Australian Strategic Materials Ltd.

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GATO

Market Vectors ETF Trust Market Vectors Gold Miners

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OCANF

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목요일의 뉴욕 거래에서 금 가격이 온스 당 2,220 달러를 넘어서며 주요 중앙은행들이 협력하여 금리를 인하할 것으로 점점 더 기대되는 상황 속에서, 금 가격이 새로운 사상 최고치를 달성했다.  



2024년 3월 금 가격이 8.5% 상승한 것으로, 이번 달은 금이 2020년 7월 이후로 가장 높은 월간 성과를 기록했다. 코로나19 대유행 기간 동안의 다양한 통화 및 재정 자극 노력의

골드 가격이 사상 최고치로 상승하여 4년 동안 최고의 달을 기록하였습니다. 광업 주식이 상승하며 거래자들은 기대되는 예상 이익을 예측하고 있습니다.

McEwen Mining Inc

WIIM

GOLD

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Shares of gold companies are trading higher following a spike in the price of the safe haven asset after Iran launched a missile attack on Israel.

Shares of precious metals companies are trading lower amid a pullback in gold and silver.

Vice President Kamala Harris has vowed to establish a national stockpile of critical minerals, citing their importance for economic and national security. This initiative forms part of her broader $100 billion industrial policy proposal, unveiled Wednesday, which includes various measures to strengthen the <a target="_blank" href="https://www.benzinga.com/topic/us-economy" rel="noreferrer noopener">U.S. economy</a>.
Harris's &#8220;America Forward&#8221; agenda aims to reduce the U.S. <a target="_blank" href="https://www.benzinga.com/markets/commodities/24/04/38114381/critical-minerals-race-heats-up-us-eu-challenge-chinas-dominance" rel="noreferrer noopener">reliance on foreign sources</a>, particularly China, for these crucial resources. The strategy proposes new incentives, including tax credits, and potentially invoking the Defense Production Act to boost domestic processing capabilities.
As reported by Bloomberg, Kamala Harris&#8217; campaign stated that enhanced domestic production and other sustainable initiatives would strengthen critical mineral supply chains with allies and partners. This includes encouraging investments that boost the production of these resources in the U.S. and among allied countries.
Critical minerals, including lithium, cobalt, and rare earth elements, are essential for modern technology and defense applications. These materials are indispensable for producing electric vehicle batteries, semiconductors, and military equipment. China currently dominates the global processing of many minerals, posing a strategic vulnerability for the U.S. As demand for clean energy and advanced technology grows, securing a steady supply of these minerals has become a top priority.
President Biden's administration has already <a target="_blank" href="https://www.benzinga.com/markets/esg/24/03/37914506/bidens-475m-for-mining-aims-to-power-communities-hit-hardest-by-our-evolving-energy-landscape" rel="noreferrer noopener">made significant strides</a> in addressing this issue. Through initiatives like Executive Order 14017, Biden ordered a comprehensive review of critical mineral supply chains, leading to billions in investments to strengthen domestic capabilities. Since Biden took office, more than $120 billion has been committed to building battery and critical mineral supply chains, creating over 250,000 energy jobs, and ensuring future demand for essential materials like lithium and cobalt is met.
Despite these efforts, the U.S. mining sector still needs to overcome significant challenges. Domestic mining projects take <a target="_blank" href="https://www.benzinga.com/news/24/07/39870803/us-mine-development-delays-among-worlds-longest-second-only-to-zambia" rel="noreferrer noopener">nearly 29 years </a>to move from discovery to production, according to a study from S&amp;P Global published in July.
This timeline is significantly longer than in countries like Canada and Australia, where litigation risks and regulatory hurdles are much lower. These factors have slowed progress and discouraged private-sector investment in U.S. mining ventures.
Still, the push to increase domestic production of critical minerals has gained bipartisan support, as Republicans and Democrats recognize its strategic importance.
Thus, regardless of the outcome of the upcoming election, the U.S. will likely continue prioritizing critical mineral production, securing the nation's needs for the energy transition.
Read Next: <a target="_blank" href="https://www.benzinga.com/markets/equities/24/09/41038172/amid-resistance-from-harris-and-trump-nippon-steel-scores-favorable-arbitration-ruling-in-14-9b-" rel="noreferrer noopener">Amid Resistance From Harris And Trump, Nippon Steel Scores Favorable Arbitration Ruling In $14.9B US Steel Acquisition Deal</a>
Benzinga Mining is the bridge between mining companies and retail investors. Reach out to <a href="mailto:licensing@benzinga.com" target="_blank" rel="noreferrer noopener">licensing@benzinga.com</a> to get started!
Photo via Shutterstock

Government

News

Regulations

Topics

Media

PPTA

Harris Vows To Push 'America Forward,' Stockpile Critical Minerals

Shares of gold companies are trading higher after the price of the commodity reached all-time highs following last week's Fed rate cut.

PAAS

Shares of precious metals stocks are trading higher as gold and silver rise amid a drop in the US dollar following recent inflation data.

McEwen&nbsp;Mining&nbsp;Inc. (NYSE:<a href="https://www.benzinga.com/stock/MUX#NYSE">MUX</a>) (TSX:<a href="https://www.benzinga.com/stock/MUX#TSX">MUX</a>) is pleased to announce that its 48%-owned McEwen Copper Inc. has secured an agreement with YPF Luz to power its large Los Azules copper project with 100% renewable energy. This exclusive agreement covers the supply of renewable energy through a high-voltage transmission line, with YPF Luz responsible for its development and financing.
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YPF Luz and McEwen Copper have signed a Memorandum of Understanding (MOU) that allows the companies to negotiate the exclusive energy supply for the Los Azules project in the San Juan province using renewable energy sources. The agreement also includes connecting the project to the Argentine Interconnection System (SADI) via a high-voltage transmission line, the design, construction, and financing of which will be carried out by YPF Luz. The energy to be supplied will be sourced from&nbsp;YPF Luz&#39;s renewable assets connected to SADI.

McEwen Mining's 48%-Owned McEwen Copper Expands Agreement With YPF Luz To Power Its Large Los Azules Copper Project With 100% Renewable Energy

Timberline Resources Corporation (OTCQB:<a href="https://www.benzinga.com/stock/TLRS#OTCQB">TLRS</a>)(TSXV:<a href="https://www.benzinga.com/stock/TBR#TSXV">TBR</a>) ("Timberline" or the "Company") is pleased to announce that its stockholders have approved the previously announced merger with McEwen Mining Inc. ("McEwen"). Based on the preliminary tabulation of the stockholder vote, more than 99.98% of the shares voted at the special meeting, representing approximately 62.50% of the shares of Timberline common stock outstanding as of the record date for the special meeting, were voted in favor of the adoption of the merger agreement with McEwen (the "Merger Agreement").
The final voting results of the special meeting, as tabulated by an independent inspector of elections, will be reported on a Form 8-K to be filed with the U.S. Securities and Exchange Commission.
The closing of the transaction is expected to occur on or about August 19, 2024.

TLRS

Timberline Stockholders Approve Merger With McEwen Mining

McEwen Mining (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MUX#NYSE">MUX</a>) reported quarterly losses of $(0.26) per share which missed the analyst consensus estimate of $(0.22) by 18.18 percent. The company reported quarterly sales of $47.476 million which beat the analyst consensus estimate of $43.900 million by 8.15 percent. This is a 38.03 percent increase over sales of $34.395 million the same period last year.

Earnings

Earnings Beats

Earnings Misses

McEwen Mining Q2 2024 GAAP EPS $(0.26) Misses $(0.22) Estimate, Sales $47.476M Beat $43.900M Estimate

An early exposure to financial markets, a strong desire to build on his father&#8217;s legacy, and an innovative approach to an archaic industry helped turn Robert McEwen into one of the most <a href="https://www.benzinga.com/topic/mining">successful mining executives</a>.
After completing a round of financing for an advance-stage copper project in Argentina, McEwen spoke to Benzinga about his beginnings, Goldcorp&#8216;s transformation, and plans for his current venture, McEwen Mining (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MUX#NYSE">MUX</a>).
<h2 class="wp-block-heading">Veteran&#8217;s Apprentice</h2>
After contracting polio in WW2, Robert's father, Donald McEwen, turned to business, becoming a stockbroker and a fund manager.
"Our dining room table was always a discussion about gold, and he had me charting stocks when I was around 10 years old," Robert noted, stating that he bought his first stock when he was 12.
"Father took a keen interest in gold, looking at the IMF numbers and fund flows, and I guess by osmosis, I picked up that gold bug. That is how hard assets became a mantra of my life," he added. After getting an MBA, Robert spent time at Merril Lynch before returning to work in the family business.
<h2 class="wp-block-heading">From MBA To Mining</h2>
McEwen's father structured Goldcorp as a closed-end investment company, allowing institutions to circumvent the prohibition against having exposure to foreign shares and gold bullion.
"It was an exciting time. This approach went viral. It was an innovation in the marketplace, and by the end of the 1970s, gold ran up to $850 an ounce."
Following his father&#8217;s death, McEwen took over and began making radical changes, taking advantage of marketplace dislocations caused by holding companies falling out of favor.&nbsp;
"We had mining companies trading at two to three times NAV, and I thought – we are trading at a 50% discount, I could make a mining company stronger if I merged with it. So I jumped in and bought control of two mining companies and then rolled the holding company into a mining company," McEwen said.
<h2 class="wp-block-heading">A Digital Contrarian</h2>
McEwen's experience of navigating of turbulent markets, hostile takeover attempts, and personal threats gave him the tools to recognize and take advantage of burgeoning opportunities like the Internet and make mining a more exciting industry. 
"We were exploring the mine at Red Lake and found quite a bit of gold, but our head of operations didn&#8217;t know how big the deposit would be nor how long it would take to find out. Meanwhile, I enrolled in a course at MIT through a Young Presidents organization. On the second day, they started talking about Linux and open-source code, and all of a sudden, a light bulb went off, and I realized that&#8217;s how I&#8217;m going to reach the world."
Contrary to other mining firms that guarded their geological data, McEwen uploaded it all to the Internet, offering a prize of half a million dollars to the person with the best idea.
"We were looking for people to tell us where to find the next six million ounces of gold. It was the number I derived from the neighboring mine, the Campbell Mine, that produced that gold, and we were basically in the same ore body."
Over 1,500 contestants looked at the data, and the results redefined the geological interpretation of the deposit.
"We found over $3 billion worth of gold," he said, chuckling that nuggets don&#8217;t fall far from the ore body; the creativity gene runs in the McEwen clan.
<h2 class="wp-block-heading">Among The Giants</h2>
Owing to successful exploration and a thorough restructuring of the Red Lake asset, by 2004, Goldcorp produced 628,000 ounces of gold for $115 per ounce, ending that year with 5.2 million ounces in reserves. The firm was among the lowest-cost large-scale miners globally when McEwen decided to step down as CEO.
"We had gone from $50 million to $8 billion in a market cap, and I thought about whether we could drive that type of growth. That was going to get harder and harder, and I was getting tired of corporate governance," he said before clarifying that having corporate governance is necessary but cumbersome.
"We had a ton of money in the bank, no debt, and were one of the lowest-cost gold producers in the world. It was a good time to step away," he added.
<h2 class="wp-block-heading">Toward A Fresh Challenge</h2>
During the Goldcorp days, McEwen invested heavily in the junior mining sector.
"It was a listening post to what was happening in the industry. I thought we could bring them in, but some of these companies grew quite quickly, so I instead sold the positions to pay for the development of the new Red Lake Mine," he noted.
Accordingly, after stepping down as CEO, he constructed new roles for his involvement, setting the stage for a new venture.
"I wanted anywhere between 10% and 30%, not to serve on board, first right of refusal on future financing, veto on major acquisitions, divestitures, and M&amp;A. I wanted a safeguard against them doing something that I thought was foolish."
Eventually, the consolidation of these stakes created McEwen Mining.
&#8220;I put two of the companies together where I had 25 and 27 percent, with interesting projects in the United States, Mexico and Argentina.&#8221;
<h2 class="wp-block-heading">Searching For New Oil</h2>
McEwen Mining has four mines in production, two in development, and one advanced exploration project. Currently, the market focuses on copper, with numerous institutions like Bank of America predicting a supply shortfall of 5 million tons by 2030.&nbsp;
McEwen plans to mine copper at the Los Azules project near San Juan, Argentina, through a subsidiary, McEwen Copper.
"I haven&#8217;t heard that copper is new gold, but I have heard it is new oil. I like to compare the prices and calculate the gold equivalent. The size of the gold equivalent resource at Los Azules changes daily with the price fluctuations. Still, right now, it would equal around 64 million gold ounces of deposits – which is a very big deposit, and our all-in-sustaining just around $925, and it is for a 27-year mine life, and that&#8217;s only mining 40% of the resource we know."
Various manufacturers are following McEwen, rushing to acquire copper before anticipated shortages hit the market.
"The second-largest shareholder in our copper project is Stellantis (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STLA#NYSE">STLA</a>), the fourth-largest car manufacturer in the world. Some metals are essential to modern technologies, and if we&#8217;re sourcing them from countries we don&#8217;t have good relationships with, we have to find new sources," McEwen said, clarifying that President Javier Milei&#8216;s new policies would add up to over a billion of dollars in net present value to the project.
<h2 class="wp-block-heading">Skin In The Game</h2>
Junior miners often look the same, and hundreds, if not thousands are out there. Still, McEwen has advice on how to look for nuggets.
"Investors should be aware that there is cyclicality and seasonality. They can come together, as there is a seasonal pattern in commodity prices. You might want to buy during the tax-selling period at the end of the year, or you might want to buy in the summer. In the fall, precious metals usually do better," he said. "I try to avoid companies that sell royalties. I just feel that it&#8217;s like the siren on the rocks that beckons the sailors. That&#8217;s happening to some producers &#8211; they give much of their future margin."
As a prominent figure in the mining community, McEwen said he often gets pitched ideas.
"The first thing I ask is, how much have you committed personally? Have you loaded up with options or mortgaged your house?" McEwen thinks it is important to have skin in the game.
Carrying the title of Chief Owner Officer, McEwen is proud of putting his capital behind his ideas.
"Between McEwen Mining and McEwen Copper, I have personally invested $225 million. That&#8217;s my cost, and I take a dollar a year in salary. I&#8217;m committed to seeing this grow."
Read Next:
<ul>
<li> <a href="https://www.benzinga.com/government/24/07/39894362/exclusive-impossible-metals-ceo-says-presale-agreements-quite-attractive-for-funding-deep-sea-projec">EXCLUSIVE: Impossible Metals CEO Says Presale Agreements &#8216;Quite Attractive&#8217; For Funding Deep-Sea Projects Vs. IPO</a></li>
</ul>
Photo courtesy of McEwen Mining.

Exclusives

Interview

STLA

EXCLUSIVE: Mining Legend Robert McEwen — 'Investors Should Be Aware That There Is Cyclicality And Seasonality'

SBSW

Shares of precious metals stocks are trading higher as gold and silver rise following US jobs data.

Shares of precious metals stocks are trading higher as gold and silver rise amid a drop in the dollar following key US economic data.

Top Stories for May 29, 2024:
1. BHP (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BHP#NYSE">BHP</a>) requested more time beyond today&#8217;s 4:00 p.m. GMT deadline to finalize its <a href="https://www.benzinga.com/m-a/24/05/39058602/bhp-requests-extension-beyond-4-pm-gmt-deadline-to-finalize-anglo-american-deal">$50 billion takeover</a> bid for Anglo American (OTC:<a class="ticker" href="https://www.benzinga.com/stock/AAUKF#OTC">AAUKF</a>). 
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After a previous extension from the original May 22 deadline, BHP cited the complex structure of the deal as the reason for needing additional time.&nbsp;
The firm has even offered a break fee if the merger is blocked due to antitrust or regulatory issues.&nbsp;
The negotiations are facing challenges over South African assets, local ownership and employment security concerns.&nbsp;
BHP made commitments to South Africa, including maintaining current employment levels at Anglo&#8217;s Johannesburg office and sharing increased employee ownership costs.
2. GoldMining (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLDG#NYSE">GLDG</a>) started drilling at its 100% owned São Jorge Gold Project in Pará State, Brazil. The project covers 45,997 hectares in the Tapajos Gold District. 
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The drilling program includes 1,000 meters of diamond core drilling and 3,000 meters of power auger drilling.&nbsp;
Objectives are to confirm high-grade mineralization at the existing deposit and to explore new targets along a high-strain corridor.&nbsp;
The program also aims to identify bedrock sources of geochemical anomalies within a 12 km x 7 km area.
Also Read:<a href="https://www.benzinga.com/topic/mining"> </a><a href="https://www.benzinga.com/news/24/05/39008503/equinox-pours-first-gold-at-geenstone-billion-dollar-acquisition-is-transformational-analyst-says">Equinox Pours First Gold At Geenstone: Billion-Dollar Acquisition &#8216;Is Transformational,&#8217; Analyst Says</a>
3. Ivanhoe Electric (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IE#NYSE">IE</a>) provided an update on the Santa Cruz Copper Project in Arizona. 
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Executive Chairman Robert Friedland and CEO Taylor Melvin announced the selection of Fluor Enterprises as the lead consultant for the Preliminary Feasibility Study (PFS), with BBA USA handling mineral resources and mine engineering.&nbsp;
This milestone advances the high-grade underground copper project, aiming to complete the PFS by Q2 2025.
4. McEwen Mining (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MUX#NYSE">MUX</a>) announced a public financing of $22 million to fund exploration and development at the Fox Complex in Ontario, focusing on exploration drilling and an underground access ramp. 
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The financing consists of $10 million in flow-through shares for Canadian Exploration Expenses and $12 million in flow-through shares for Canadian Development Expenses.&nbsp;
The offering of 1,533,000 shares is expected to close on June 14, pending customary approvals. 
Net proceeds are anticipated to be $20.9 million.
Now Read:<a href="https://www.benzinga.com/"> </a><a href="https://www.benzinga.com/news/24/05/38989518/apple-supply-chain-includes-blood-minerals-from-congo-lawyers">Apple Supply Chain Includes &#8216;Blood Minerals&#8217; From Congo: Lawyers</a>
Benzinga Mining is the bridge between mining companies and retail investors. Reach out to <a href="mailto:licensing@benzinga.com">licensing@benzinga.com</a> to get connected with the Benzinga community!
Image generated using artificial intelligence via Midjourney.

BHP Seeks Extension For Takeover; GoldMining Begins São Jorge Drilling; Ivanhoe Electric Advances Copper Project And More: Wednesday's Top Mining Stories

The proceeds of this financing will be used exclusively for qualifying Canadian Exploration Expenses (within the meaning of subsection 66.1(6) of the Income Tax Act (Canada)) (&quot;CEE&quot;) and Canadian Development Expenses (within the meaning of subsection 66.2(5) of the Income Tax Act (Canada)) (&quot;CDE&quot;), including:
Part 1 (CEE) of the financing consists of a&nbsp;US$10.0 million&nbsp;(Cdn$13,650,890) offering of 643,000 flow-through common shares at a price of&nbsp;US$15.56&nbsp;(Cdn$21.23); and
Part 2 (CDE) of the financing consists of a&nbsp;US$12.0 million&nbsp;(Cdn$16,384,900) offering of 890,000 flow-through common shares at a price of&nbsp;US$13.49&nbsp;(Cdn$18.41),
(Part 1 (CEE) and Part 2 (CDE) together being the &quot;Offering&quot;).
The Offering of 1,533,000 flow-through common shares for aggregate gross proceeds of&nbsp;US$22.0 million&nbsp;(Cdn$30,035,790) is expected to close on June 14, 2024 (the &quot;Closing&quot;) and is subject to customary closing conditions, including approval from the Toronto Stock Exchange (&quot;TSX&quot;) and New York Stock Exchange (&quot;NYSE&quot;). Total proceeds from the Offering net of placement agents&#39; fees is expected to be US$20.9 million (Cdn$28,534,000).

Reported Earlier, McEwen Mining Prices $22M Flow-Through Financing At 19% Premium For Canadian Exploration Expenses

Top Stories for May 17, 2024:
1. BHP (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BHP#NYSE">BHP</a>) shareholders expect <a href="https://www.benzinga.com/news/large-cap/24/05/38873394/bhp-shareholders-anticipate-final-bid-for-anglo-american-as-deadline-nears">one last bid</a> for Anglo American (OTC:<a class="ticker" href="https://www.benzinga.com/stock/AAUKF#OTC">AAUKF</a>) before the regulatory deadline.&nbsp;
Anglo rejected two previous offers, choosing to restructure and focus on copper and iron ore.&nbsp;
Despite these moves, investor skepticism remains as Anglo&#8217;s shares trade below the bid price.&nbsp;
Sources from both companies anticipate a third bid before the May 22 deadline.
2. McEwen Copper's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MUX#NYSE">MUX</a>) majority owned by McEwen Mining reported successful assay results from the Los Azules project in Argentina.&nbsp;
The recent drilling confirmed the deposit&#8217;s size and grade, indicating an increase in measured and indicated resources close to the 2023 PEA estimate.&nbsp;
Mineralization was found north and south of the current pit, extending known deposits.&nbsp;
Additionally, a new target three kilometers east shows signs of a large porphyry system, with results pending.
Also Read:<a href="https://www.benzinga.com/topic/mining"> </a><a href="https://www.benzinga.com/news/large-cap/24/05/38760388/new-mining-alliance-targets-copper-exploration-in-arizona-new-mexico-and-utah">New Mining Alliance Targets Copper Exploration In Arizona, New Mexico, And Utah</a>
3. GoldMining (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/GLDG#AMEX">GLDG</a>) announced that all nominees listed in its March 25 management information circular were elected as directors at the annual general meeting on May 16, with a quorum of 32.49% of votes present.
4. Piedmont Lithium (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLL#NASDAQ">PLL</a>) announced executive and senior leadership participation in several upcoming industry conferences: TD Cowen Sustainability Week (May 21-23), KeyBanc Industrials and Basic Materials Conference (May 28-30), THE Mining Investment Event of the North (June 4-6), Evercore ISI Global Clean Energy Summit (June 11-12) and others through June 27.
Now Read:<a href="https://www.benzinga.com/"> </a><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/05/38895306/piedmont-lithium-lithium-americas-american-battery-technology-leading-the-energy-tr">Piedmont Lithium, Lithium Americas, American Battery Technology Lead The Energy Transition: Which Stock Offers More Upside?</a>
Benzinga Mining is the bridge between mining companies and retail investors. Reach out to <a href="mailto:licensing@benzinga.com">licensing@benzinga.com</a> to get connected with the Benzinga community!
Photo: Shutterstock

BHP's Potential Third Bid For Anglo American; McEwen Reports Successful Assay Results; GoldMining Elects Directors And More: Friday's Top Mining Stories

HC Wainwright &amp; Co. analyst Heiko Ihle maintains McEwen Mining (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MUX#NYSE">MUX</a>) with a Buy and raises the price target from $13 to $15.

Price Target

Analyst Ratings

HC Wainwright & Co. Maintains Buy on McEwen Mining, Raises Price Target to $15

Roth MKM analyst Joe Reagor reiterates McEwen Mining (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MUX#NYSE">MUX</a>) with a Buy and raises the price target from $11 to $12.

Reiteration

Roth MKM Reiterates Buy on McEwen Mining, Raises Price Target to $12

McEwen Mining shares are trading lower after the company reported worse-than-expected Q1 sales results.

McEwen Mining (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MUX#NYSE">MUX</a>) reported quarterly losses of $(0.05) per share which beat the analyst consensus estimate of $(0.10) by 50 percent. This is a 64.29 percent increase over losses of $(0.14) per share from the same period last year. The company reported quarterly sales of $41.23 million which missed the analyst consensus estimate of $54.83 million by 24.81 percent. This is a 18.63 percent increase over sales of $34.75 million the same period last year.

McEwen Mining Q1 Adj $(0.05) Beats $(0.10) Estimate, Sales $41.23M Miss $54.83M Estimate

McEwen Mining (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MUX#NYSE">MUX</a>), a Nevada-based gold and silver producer, has announced an acquisition of a junior gold miner, Timberline Resources (OTCQB:<a class="ticker" href="https://www.benzinga.com/stock/TLRS#OTCQB">TLRS</a>). This move comes amid a surge in mergers and acquisitions within the gold sector, driven by <a href="https://www.benzinga.com/news/large-cap/24/04/38117669/gold-shines-above-2-300-ends-another-week-at-record-high-mining-stocks-rally-to-11-month-peak">increased gold prices</a> and companies seeking synergies to enhance their operations.
&#8220;The merger with McEwen Mining, at an attractive premium to Timberline&#8217;s current trading price, provides our shareholders with continued exposure to Timberline&#8217;s assets as part of a more diverse growth-oriented platform. The combination should also unlock synergies between the Gold Bar mine and our Eureka project,"<a href="https://timberlineresources.co/timberline-announces-acquisition-by-mcewen-mining-at-a-significant-premium/"> stated</a> Timberline's President and CEO, Patrick Highsmith.
Also read:<a href="https://www.benzinga.com/news/rumors/24/04/38279955/barrick-misses-preliminary-gold-production-estimate-management-unfazed-by-risks-in-key-african-count"> Barrick Misses Preliminary Gold Production Estimate, Management Unfazed By Risks In Key African Country</a>
Under the terms of the agreement, Timberline shareholders will receive 0.01 of a share of McEwen&#8217;s common stock for each share of Timberline&#8217;s stock. This exchange ratio represents a value of $0.102 per Timberline share, reflecting a 132% premium over Timberline&#8217;s 20-day volume-weighted average price on the over-the-counter OTCQB exchange.
Upon closing, McEwen expects to issue approximately 1.84 million shares, with a total transaction value of $18.8 million. The merger has received the endorsement of Timberline&#8217;s board of directors and support from directors, officers, and principal shareholders, representing approximately 40% of Timberline&#8217;s outstanding shares.
McEwen Mining is a well-established gold, silver, and copper producer, operating mines in Nevada, Canada, Mexico, and Argentina. Timberline, on the other hand, is a young exploration company. Its flagship asset is the Lookout Mountain Project, situated within Nevada&#8217;s prolific Battle Mountain-Eureka Trend. The project boasts a high-grade gold zone embedded within a substantial resource base, making it a highly prospective asset.
This merger will benefit both companies as Timberline becomes part of a larger, established company. At the same time, McEwan will expand its presence in a lucrative market in northern Nevada, which Barrick's CEO Mark Bristow recently characterized as "<a href="https://www.benzinga.com/news/24/02/37077752/barrick-targets-northern-nevada-its-far-from-being-a-mature-gold-district-ceo-says">far from a mature district</a>."
The transaction is expected to close in the third quarter of 2024, pending approval from a majority of Timberline shareholders and other customary closing conditions. Cormark Securities is Timberline&#8217;s financial advisor, while Davis Graham &amp; Stubbs is its legal advisor.
Benzinga Mining is the bridge between mining companies and retail investors. Reach out to <a href="mailto:licensing@benzinga.com">licensing@benzinga.com</a> to get started!
Also read:<a href="https://www.benzinga.com/m-a/24/04/38253150/gold-road-considers-major-stake-in-greenstone-investors-wary-of-potential-high-costs"> Gold Road Considers Major Stake In Greenstone; Investors Wary Of Potential High Costs</a>
Photo: Shutterstock

McEwen Mining Acquires Timberline To 'Unlock Synergies' In Nevada Gold Operations

Timberline shareholders will have the right to receive 0.01 of a share of McEwen's common stock for each share of Timberline's common stock (the "Exchange Ratio"), representing a value of US$0.102 per Timberline share, calculated based on the 20-day volume weighted average trading price of McEwen's shares on the NYSE at the close on April 15th, 2024. This represents an 132% premium to Timberline's 20-day volume-weighted average price on the OTCQB. McEwen currently owns 6.25 million Timberline shares representing approximately 3.3% of Timberline's basic common shares outstanding and 6.25 million Timberline warrants. Excluding McEwen's existing ownership, McEwen expects to issue approximately 1.84 million shares on closing for a transaction value of US$18.8 million.

McEwen Mining To Acquire Timberline Resources At 132% Premium

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
McEwen Mining (NYSE:<a href="https://investorplace.com/stock-quotes/mux-stock-quote/">MUX</a>) just reported results for the second quarter of 2024.<ul><li>McEwen Mining reported earnings per share of -26 cents. This was above the analyst estimate for EPS of -32 cents.</li><li>The company reported revenue of $47.48 million.</li><li>This was 20.70% worse than the analyst estimate for revenue of $59.87 million.</li></ul><div>InvestorPlace Earnings is a project that leverages data from <a href="https://www.tradesmith.com">TradeSmith</a> to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at <a href="mailto:editor@investorplace.com">editor@investorplace.com</a>.</div><h3>More From InvestorPlace</h3>
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									</ul>The post <a href="https://investorplace.com/earning-results/2024/08/mux-stock-earnings-mcewen-mining-for-q2-of-2024/">MUX Stock Earnings: McEwen Mining Beats EPS, Misses Revenue for Q2 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

MUX Stock Earnings: McEwen Mining Beats EPS, Misses Revenue for Q2 2024

McEwen Mining reports Q2 results; reaffirms FY24 outlook

Analyst Heiko Ihle of H.C. Wainwright reiterated a Buy rating on McEwen Mining (MUX – Research Report), retaining the price target of $15.00. Heiko...

Buy Rating for McEwen Mining Backed by Strong Q2 Financials and Operational Excellence

Roth MKM analyst Joseph Reagor maintained a Buy rating on McEwen Mining (MUX – Research Report) today and set a price target of $12.00. The company...

Roth MKM Reaffirms Their Buy Rating on McEwen Mining (MUX)

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
In the market as in life, you get what you pay for. And that means stocks under $20 present a tricky narrative. Understandably, the topic gets plenty of traction. The biggest blue-chip enterprises tend to command three-digit price tags, if not greater. It just leaves regular folks on the outside looking in, especially if they don&rsquo;t have access to fractional equity capabilities.



To remedy this situation, some investors turn to cheap securities. However, the problem with this approach is that sometimes (many times), cheap valuations become even cheaper. When an organization prints gobs of red ink, there&rsquo;s usually a reason for it &mdash; and typically not a good one. Thus, it&rsquo;s more prudent to stick with quality names.



However, modestly priced equities have their place. Besides, with thousands upon thousands of opportunities available, it&rsquo;s practically impossible to cover all of them adequately. Some ideas simply fall through the cracks. These stocks under $20 deserve a closer inspection.



<h2>Innodata (INOD)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2023/05/ai-stocks1600-6-300x169.png" alt="Business growth concept. Businessman using AI, global business network, data analysis of financial and banking, AI stocks, business strategy, technology and data connection, security, networking. AI stocks to watch"><div>Source: Gmx Pixel / Shutterstock.com</div></div>A data engineering specialist, Innodata (NASDAQ:<a href="https://investorplace.com/stock-quotes/inod-stock-quote/">INOD</a>) also focuses on digital transformation and artificial intelligence. The company helps organizations extract utility out of their data for superior decision-making and efficiency. Further, its leveraging of AI should make INOD stock an intriguing idea for speculators.



One of the smaller enterprises, Innodata has enjoyed a strong performance this year. Nevertheless, it&rsquo;s prone to wild trading activity. Although INOD stock has witnessed volatility in recent sessions, its sales multiple is elevated at 4.8X. In contrast, in the prior year, the average price-to-sales ratio sat at 3.02X.



Still, patient speculators should keep INOD on their watchlist of stocks under $20. For fiscal 2024, analysts believe that <a href="https://finance.yahoo.com/quote/inod/analysis">sales may reach $121.57 million</a>. During the trailing 12 months (TTM), the company generated revenue of $94.44 million. In the following year, sales could hit just over $157 million.



Assuming a shares outstanding count of 28.75 million, INOD is trading around 2.8X projected 2025 sales. That makes it an even more tempting offer.



<h2>ReposiTrak (TRAK)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/07/supply-chain-300x169.jpg" alt="image of supply chain."><div>Source: Shutterstock</div></div>Focused on asset tracking and management solutions, ReposiTrak (NASDAQ:<a href="https://investorplace.com/stock-quotes/trak-stock-quote/">TRAK</a>) offers robust acumen in the Internet of Things (or IoT) and cloud-based solutions. With machines increasingly communicating with each other, ReposiTrak enjoys strong relevance. Also, the company&rsquo;s services can help foster operational efficiencies for its enterprise-level customers.



At the moment, TRAK stock carries a trailing-year sales multiple of 15.95X. That&rsquo;s quite high. During the first quarter of this year, the equity averaged 15.07X. Overall, in the past year, the stat came out to an average of 10.84X.



That said, the lone expert that&rsquo;s covering the company believes that fiscal 2024 sales may hit $20.34 million. If so, that would imply a 6.5% lift from last year&rsquo;s print of $19.1 million. In the following year, revenue <a href="https://finance.yahoo.com/quote/trak/analysis">could rise again to $23.02 million</a>. That would translate to a growth rate of 13.2% from projected 2024 sales.



Presently, ReposiTrak features a shares outstanding count of 18.22 million. Should this stat hold true, TRAK would trade at 13.4X next year&rsquo;s revenue. That&rsquo;s still hot but the trend is moving in the right direction. Thus, it&rsquo;s one of the stocks under $20 to watch.



<h2>Paymentus (PAY)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/04/digital-payment-300x169.jpg" alt="A concept image of mobile payment with a smart phone for a cup of coffee. affordable payment stocks"><div>Source: Shutterstock</div></div>A cloud-based bill payment technology, Paymentus (NYSE:<a href="https://investorplace.com/stock-quotes/pay-stock-quote/">PAY</a>) offers financial technology (fintech) services for businesses and institutions. It&rsquo;s an important player among stocks under $20 thanks to its ability to foster efficient and secure payment processing. Increasingly, transactions are conducted online and therefore demand for digital conveniences should only rise.



Despite the relevancies, PAY stock is trading at a relatively reasonable valuation. Currently, shares exchange hands at 3.77X sales. During Q1, this stat averaged a lofty 4.63X. In the previous quarter, the metric was 3.81X. Overall, in the past year, the multiple landed on average at 3.64X.



Moving forward, analysts anticipate significant business expansion. In fiscal 2024, sales could rise to $749 million, up 21.9% from last year&rsquo;s print of $614.49 million. In the following year, revenue might hit $889.27 million. Further, the <a href="https://finance.yahoo.com/quote/pay/analysis">high-side estimate calls for $907.22 million</a>.



Assuming a shares outstanding count of 21.91 million, PAY stock would be trading at 0.47X projected 2025 high-side sales. That might be too good of a deal for some speculators to pass up.



<h2>ACM Research (ACMR)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/02/acmr-stock-1-300x169.jpg" alt="a magnifying glass enlarges the ACM logo on a website"><div>Source: Pavel Kapysh / Shutterstock.com</div></div>A semiconductor specialist that specializes in process equipment, ACM Research (NASDAQ:<a href="https://investorplace.com/stock-quotes/acmr-stock-quote/">ACMR</a>) offers innovative solutions that help boost the efficiency and performance of semiconductor manufacturing. While it&rsquo;s not the most popular idea in terms of brand awareness, ACM offers critical &ldquo;background&rdquo; services.



Enticingly, ACMR stock trades around 1.84X revenue. In Q1, the sales multiple averaged 3.39X. Throughout the past year, the premium stood at 2.71X. Therefore, shares of the tech specialist can be had for a relative discount. It&rsquo;s also worth pointing out that ACMR trades at 1.46X book value, below the prior year average of 1.85X.



Looking out to year&rsquo;s end, covering experts believe that sales may soar to $710.11 million. If so, that would represent a lift of 27.3% from last year&rsquo;s haul of $557.72 million. And in fiscal 2025, revenue could reach $872.19 million, with a <a href="https://finance.yahoo.com/quote/acmr/analysis">high-side estimate of $984.8 million</a>.



Assuming a shares outstanding count of 56.99 million, ACMR is trading at 1.13X 2025 high-end sales. It makes a tempting case for stocks under $20.



<h2>McEwen Mining (MUX)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/gold1600c-300x169.jpg" alt="Gold nuggets on top of American paper money representing gold stocks"><div>Source: Shutterstock</div></div>Based in Canada, McEwen Mining (NYSE:<a href="https://investorplace.com/stock-quotes/mux-stock-quote/">MUX</a>) engages in the exploration, development and production of gold, silver and copper. Fundamentally, McEwen is attractive due to potential monetary policy pivots. If the Federal Reserve lowers the benchmark interest rate, that could be net positive for precious metals and core commodities. That should help MUX stock.



Right now, the mining firm features a price-to-sales ratio of 2.23. That&rsquo;s lower than the <a href="https://fullratio.com/ps-ratio-by-industry">gold sector&rsquo;s average multiple of 2.61X</a>. Further, in Q1 of this year, the metric stood at 2.82X. In the prior year, the stat averaged 2.68X. This implies that McEwen could grow into its prior valuation given the right catalyst. That could come in the form of interest rate cuts.



Notably, analysts believe that by the end of the current fiscal year, revenue could rise to $303.92 million. If so, that would imply a growth rate of 33.8% from last year&rsquo;s haul of $227.22 million. In the following year, <a href="https://finance.yahoo.com/quote/mux/analysis">sales could move up to $319.43 million</a>, with a high-side view of $524.02 million.



Thanks to the projected expansion of the business, MUX ranks among the stocks under $20.



<h2>Vaalco Energy (EGY)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/oil1600h-300x169.jpg" alt="miniature oil barrel and oil well figures on top of stack of money"><div>Source: Shutterstock</div></div>A hydrocarbon energy specialist, Vaalco Energy (NYSE:<a href="https://investorplace.com/stock-quotes/egy-stock-quote/">EGY</a>) engages in the exploration, development and production of crude oil and natural gas. Also known as the upstream component of the hydrocarbon value chain, Vaalco may enjoy increased demand due mainly to geopolitical flashpoints. Such conflicts may spill over and disrupt global oil inventories, which could cynically boost demand for EGY stock.



Right now, shares trade hands at 1.64X sales. To be sure, this stat comes at a premium relative to the prior year&rsquo;s average multiple of 1.07X. However, the upstream oil and gas sector features an average multiple of 1.93X. Therefore, EGY stock potentially has more room to grow.



Where the narrative gets a bit tricky is projections for this fiscal year. The consensus view calls for sales of $407.05 million. However, that&rsquo;s down almost 11% from last year&rsquo;s print of $455.07 million. Nevertheless, the high-side view calls for a <a href="https://finance.yahoo.com/quote/egy/analysis">top line of $494.8 million</a>. Further, the optimists are modeling for fiscal 2025 revenue to hit $567.05 million.



If anything, Vaalco is one of the best stocks under $20 if you want to hedge against an energy crisis.



<h2>Coursera (COUR)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/10/coursera-300x169.jpg" alt="The app page for Coursera is displayed on a smartphone screen with a website in the background."><div>Source: Postmodern Studio / Shutterstock.com</div></div>One of the riskiest ideas to consider among stocks under $20, Coursera (NYSE:<a href="https://investorplace.com/stock-quotes/cour-stock-quote/">COUR</a>) will be criticized for being a falling knife. Further, the rise of AI supposedly threatens the business model. However, I have a different view. The company specializes in providing an online learning platform. It&rsquo;s not just about acquiring new skills: Coursera offers professional certifications and college degree credits.



In other words, the company offers advantages that AI can&rsquo;t touch. That said, I&rsquo;m not na&iuml;ve to the heavy losses that COUR stock incurred since makings its public market debut. Nevertheless, it appears that since June, Coursera has been charting a series of higher lows. I don&rsquo;t want to jump ahead of myself but there could be a growth opportunity here.



Analysts are looking at revenue of just under $700 million by the end of this fiscal year. If so, that would be up 10.1% from last year&rsquo;s print of $635.76 million. Further, fiscal 2025 revenue could soar to $786.82 million, up 12.4% from projected 2024 sales.



With the right catalysts, COUR could fly. It&rsquo;s worth keeping on the radar.



On the date of publication, Josh Enomoto did not have (either directly or indirectly) any positions in the securities mentioned in this article.&nbsp;The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.
<div>A former senior business analyst for Sony Electronics, Josh Enomoto has helped broker major contracts with Fortune Global 500 companies. Over the past several years, he has delivered unique, critical insights for the investment markets, as well as various other industries including legal, construction management, and healthcare. Tweet him at @EnomotoMedia.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/08/7-under-20-stock-picks-that-need-to-be-on-your-radar/">7 Under-$20 Stock Picks That Need to Be on Your Radar</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

7 Under-$20 Stock Picks That Need to Be on Your Radar

McEwen Mining Inc. (MUX) Q2 2024 Earnings Call Transcript

McEwen Mining (MUX) has provided an announcement. On August 19, 2024, a significant event unfolded as the Company proudly announced the successful ...

McEwen Mining Announces Merger and Strategic Disclosure

McEwen Mining (MUX) has released an update. McEwen Mining Inc. and McEwen Copper Inc. are actively showcasing their projects and sharing insights o...

McEwen Mining Highlights Argentina's Mining Potential

McEwen Mining (MUX) has released an update. McEwen Mining Inc.'s subsidiary, McEwen Copper Inc., has entered into an agreement with YPF Luz to supp...

McEwen Copper Secures Renewable Energy for Argentina Project

McEwen Mining (MUX) has released an update. McEwen Mining Inc. reports promising assay results from its Grey Fox deposit, indicating high-grade gol...

McEwen Mining Unveils High-Grade Gold at Grey Fox

ACMR

INOD

MQMNW

TRAK

Financing

Press Releases

McEwen Copper Announces $70 Million Financing to Advance the Los Azules Copper Project

McEwen Mining Announces AGM Voting Results, Meeting Resources Now Available

TIMBERLINE RESOURCES INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Timberline Resources Corporation - TLRS

McEwen Mining Q2 2024 Results Conference Call

McEwen Mining: Q2 2024 Results

McEwen Copper Update, Excitement in Argentina: Milei Magic Is Turbocharging Foreign Investments; US$4.4 Billion Copper Transaction by BHP and Lundin Mining; Los Azules Infill Drilling Confirmed High Grade Copper Zone

McEwen Mining Announces Closing of Timberline Acquisition

Recent and Upcoming McEwen Mining and McEwen Copper Presentations

100% Renewable Energy for Los Azules

McEwen Mining: Grey Fox Exploration Update

TSX:MUX

TSXV:TBR

Anglogold Ashanti

Austin Gold

Compañía de Minas

Coeur Mining

Dakota Gold

DRDGOLD Limited American Depositary Shares

DRDGold

Gold Fields Limited American Depositary Shares

Gold Fields

Gold Resource

Gold Royalty

Harmony Gold Mining Co

Hycroft Mining Holding Corporation - Class A Common Stock

Hycroft Mining Holding

Newmont

Paramount Gold Nevada

Royal Gold

HC Wainwright & Co.

Roth MKM

2024년 5월 29일 주요 뉴스:
1. BHP(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BHP#NYSE">BHP</a>)가 앵글로 아메리칸(OTC:<a class="ticker" href="https://www.benzinga.com/stock/AAUKF#OTC">AAUKF</a>)의 500억 달러 규모의 인수 입찰을 마무리하기 위해 본래 수요일 오후 4:00 GMT로 예정된 기한 이후에 더 많은 시간을 요청했다.
원래 5월 22일 기한을 연장한 후 BHP는 추가 시간이 필요한 이유로 거래의 복잡한 구조를 언급했다.
이 회사는 독점금지나 규제 문제로 인해 합병이 중단될 경우 중단 수수료를 제시하기도 했다.
이 협상은 남아프리카공화국의 자산, 현지 소유권, 고용 안정 문제로 인해 어려움을 겪고 있다.
BHP는 앵글로의 요하네스버그 사무소에서 현재 고용 수준을 유지하고 증가된 직원 소유 비용을 공유하는 등 남아프리카공화국에 대해 약속을 했다.
2. 골드마이닝(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLDG#NYSE">GLDG</a>)은 브라질 파라 주에 있는 자사가 100% 소유한 사오 조지(São Jorge) 금 프로젝트에서 드릴링 작업을 시작했습니다. 이 프로젝트는 타파조 골드 지구(Tapajos Gold District)의 45,997헥타르에 걸쳐 진행된다.
이 드릴링 프로그램에는 1,000m의 다이아몬드 코어 드릴링과 3,000m의 파워 오거 드릴링이 포함된다.
목표는 기존 매장지에서 고품위의 광물을 확인하고 변동성이 높은 지대를 따라 새로운 목표를 탐색하는 것이다.
이 프로그램은 또한 12km x 7km 지역 내에서 지구화학적 이상 현상의 기반암 원인을 식별하는 것을 목표로 한다
3. 아이반호 일렉트릭(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IE#NYSE">IE</a>)은 애리조나의 산타 크루즈(Santa Cruz) 구리 프로젝트에 대한 업데이트를 제공했다.
회장 로버트 프리드랜드(Robert Friedland)와 CEO 테일러 멜빈(Taylor Melvin)은 광물 자원 및 광산 엔지니어링을 담당하는 BBA USA와 함께 예비 타당성 조사(PFS)의 수석 컨설턴트로 플로어 엔터프라이즈(Fluor Enterprises)를 선정했다고 발표했다.
이번 이정표는 2025년 2분기까지 PFS를 완료하는 것을 목표로 하는 고품위 지하 구리 프로젝트를 진행하고 있다.
4. 맥이웬 마이닝(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MUX#NYSE">MUX</a>)은 탐사 시추 및 지하 접근 램프에 중점을 두고 온타리오주 폭스 컴플렉스(Fox Complex)의 탐사 및 개발 자금을 지원하기 위해 2,200만 달러의 공공 자금 조달을 발표했다.
이 자금 조달은 캐나다 탐사 비용을 위한 유동 지분 1,000만 달러와 캐나다 개발 비용(Canadian Development Expenses)을 위한 유동 지분 1,200만 달러로 구성된다.
1,533,000주의 공모는 관례적인 승인을 기다리는 동안 6월 14일에 완료될 것으로 예상된다.
이번 공모의 순 수입은 2,090만 달러로 예상한다.
이미지가 인공지능을 이용하여 Midjourney를 통해 생성되었습니다.

2024년 5월 17일 주요 뉴스:
1. BHP(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BHP#NYSE">BHP</a>) 주주들은 규제 기한이 점점 다가오고 있는 가운데 앵글로 아메리칸(OTC:<a class="ticker" href="https://www.benzinga.com/stock/AAUKF#OTC">AAUKF</a>)에 대한 <a href="https://www.benzinga.com/news/large-cap/24/05/38873394/bhp-shareholders-anticipate-final-bid-for-anglo-american-as-deadline-nears">최후의 인수 입찰을</a> 기대하고 있다.
앵글로는 이전 두 번의 입찰을 모두 거부했으며, 구조조정을 결심하고 구리와 철광석에 집중하기로 결정했다.
이러한 움직임에도 불구하고 앵글로의 주가가 입찰가 이하로 거래되고 있어, 투자자들의 회의론은 여전히 남아 있습니다.
양사의 소식통들은 5월 22일 기한 전까지 제3의 입찰을 예상하고 있다.
2. 맥이웬 마이닝(McEwen Mining)이 대주주인 맥이웬 코퍼(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MUX#NYSE">MUX</a>)가 보유한 아르헨티나 로스 아줄스(Los Azules) 프로젝트의 성공적인 분석 결과를 보고했다.
최근 시추를 통해 매장 광상의 크기와 등급이 확인되었으며, 이는 2023년 PEA 추정치에 가까운 측정 및 표시 자원의 증가를 보여주었다.
광물이 현재 구덩이의 북쪽과 남쪽에서 발견되어 기존 광맥의 양이 확장되었다.
또한 동쪽으로 3km 떨어진 새로운 목표에는 대규모 반암계의 징후가 나타나며 결과를 기다리고 있다.
3. 골드마이닝(AMEX:<a class="ticker" href="https://www.benzinga.com/stock/GLDG#AMEX">GLDG</a>)은 3월 25일자 경영공시 회람에 등재된 후보자 전원이 5월 16일 정기 주주총회에서 정족수 32.49%의 찬성으로 이사로 선출됐다고 밝혔다.
4. 피드몬트 리튬(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLL#NASDAQ">PLL</a>)는 다가오는 여러 산업 회의에 대해 일부 경영진 및 고위 행정진이 참여할 예정임을 발표했다. 이에는 TD 코웬(Cowen) 지속가능성 주간 (5월 21일 &#8211; 23일), 키뱅크(KeyBanc) 산업 및 기본 소재 컨퍼런스 (5월 28일 &#8211; 30일), 북미의 광산 투자 이벤트 (6월 4일 &#8211; 6일), 에버코어 ISI 글로벌 청정 에너지 회의 (6월 11일 &#8211; 12일), 6월 27일까지 이어지는 기타 산업 회의 등이 포함된다.
Benzinga Mining: 벤징가 마이닝은 광업 회사와 개인 투자자 간의 연결의 다리입니다. <a href="mailto:licensing@benzinga.com">licensing@benzinga.com</a> 으로 연락을 주시면 벤징가 커뮤니티와 연결될 수 있습니다!
사진: 셔터스톡

목요일의 뉴욕 거래에서 금 가격이 온스 당 2,220 달러를 넘어서며 주요 중앙은행들이 협력하여 금리를 인하할 것으로 점점 더 기대되는 상황 속에서, 금 가격이 새로운 사상 최고치를 달성했다. 
2024년 3월 금 가격이 8.5% 상승한 것으로, 이번 달은 금이 2020년 7월 이후로 가장 높은 월간 성과를 기록했다. 코로나19 대유행 기간 동안의 다양한 통화 및 재정 자극 노력의 일환으로 2020년 7월에 10.8% 상승했을 당시 이후 가장 높은 성과를 기록했다. 
금 가격의 강세로 인해 금 채광 회사들의 가치가 상승했으며, 이에 따라 금 채광업자 ETF(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GDX#NYSE">GDX</a>)의 가치가 이번 달에 약 20% 상승한 바 있다. 이는 2020년 11월 이후 가장 높은 월간 성과를 기록한 것이다. 
유럽과 미국의 중장기 채무 동태와 국내 정치적 양극화 증가가 중앙은행들을 금 매입을 증가시키도록 이끌었다고 미국 은행의 상품 및 파생 상품 전문가 Francisco Blanch는 설명했다.
Blanch는 1971년 달러-금 환산을 중단한 것과 비슷하다고 지적했는데, 그 당시 이것은 새로운 국제 금융 시스템의 전조였다고 말했다. 
이와 유사하게 그는 미국/유럽 연합과 중국/러시아 간의 무역, 정치 및 국방을 포함한 지정학적 갈등이 &#8216;금의 강세의 핵심&#8217;이라고 제안했다. 
<h2 class="wp-block-heading">차트: 4년 만에 가장 좋은 성적을 낸 금</h2>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="495" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/03/28154131/image-64-1024x495.png" alt="" class="wp-image-269752" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/03/28154131/image-64-1024x495.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/03/28154131/image-64-300x145.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/03/28154131/image-64-768x372.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/03/28154131/image-64-1536x743.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/03/28154131/image-64.png 1920w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
<h2 class="wp-block-heading">2024년 3월 가장 성공적인 금 채광주</h2>
2024 년 3월 VanEck Gold Miners ETF 포트폴리오의 최고 수익 채광주는 다음과 같다:
<ul>
<li>Equinox Gold Corp.(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EQX#NYSE">EQX</a>)는 49%의 상승을 기록했습니다.</li>
<li>Coeur Mining, Inc.(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CDE#NYSE">CDE</a>)는 44.2% 상승했습니다.</li>
<li>Harmony Gold Mining Company Limited(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HMY#NYSE">HMY</a>)와 Torex Gold Resources Inc.(OTCPK:TORXF) 모두 42% 상승했습니다.</li>
<li>OceanaGold Corporation(OTCPK:OCANF)은 37% 증가했습니다.</li>
</ul>
2024 년 3월 VanEck Junior Gold Miners ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GDXJ#NYSE">GDXJ</a>) 포트폴리오의 주도 성과는 다음과 같습니다.
<ul>
<li>Argonaut Gold Inc.(OTCPK:ARNGF)는 70.65%의 상승을 기록했습니다.</li>
<li>McEwen Mining Inc.(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MUX#NYSE">MUX</a>)는 60.34% 상승했습니다.</li>
<li>Australian Strategic Materials Ltd(OTCPK:ASMMF)는 40.82%의 상승을 기록했습니다.</li>
<li>Gatos Silver, Inc.(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GATO#NYSE">GATO</a>)는 40.48%의 상승을 기록했습니다.</li>
<li>Hochschild Mining plc (OTCPK:HCHDF)는 36.57% 상승했습니다.</li>
</ul>
지금 읽기: <a href="https://www.benzinga.com/news/large-cap/24/03/37990561/easters-bitter-surprise-cocoa-is-up-240-in-a-year-what-can-a-ton-of-the-chocolate-commodity-get-yo"> 코로나가 미친 힘: 코로나19 백신은 2021년 1월에 미국 내에서 4,000 명이상의 사망자를 낸 지 5개월 만에 달성</a>하다
사진은 셔터스톡을 통해 제공됐습니다.

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