McEwen seeks to soothe investors on Argentina uncertainty

TSX-listed McEwen Mining CEO Rob McEwen on Tuesday moved to put out fires recent Argentina government policy decrees sparked in the investment community. In a specially held telephone conference, he lamented the unforeseen changes to Argentina...

McEwen cautions investors about Argentina decrees

TSX-listed McEwen Mining CEO Rob McEwen on Thursday cautioned shareholders that recent energy-industry expropriation and Argentina government policy decrees augured negatively for its San José silver/gold mine and other development projects. At...

McEwen holds 33% of treasury in gold and silver

McEwen Mining, the product of the January fusion of US Gold and Minera Andes, said on Thursday its San Jose mine in Argentina produced 1.45-million ounces of silver and 20 934 oz of gold in the fourth quarter. The TSX- and NYSE-listed firm also...

Plethora of precious metals entrants leaves some vulnerable, says McEwen

Prepare for more mergers and acquisitions in the precious metals space as a flood of new entrants leaves some of them suffering from market neglect, Rob McEwen, who merged two miners to form McEwen Mining said this week. The midtier and senior...

McEwen's Minera Andes snubs TNR's settlement offer seeking $125m

US Gold and Minera Andes, the precious metals miners that are set to vote on a merger later this month, rejected an offer from TSX-V-listed TNR Gold to settle a dispute over land claims in Argentina in return for a $125-million payment from Minera...

US Gold, Minera Andes revise merger ratio

Mining investor Rob McEwen's Minera Andes and US Gold, which he proposed to combine in June, have agreed to negotiate a new deal that will see US Gold shareholders owning slightly more of the merged entity than previously proposed. The companies...

US Gold hires COO

Toronto-based US Gold has appointed William Faust as COO from August 1, the company said on Wednesday. Faust worked most recently as COO at Crystallex International, and has also worked for Nevada Pacific Gold, Pan American Silver and Eldorado Gold.

McEwen wants $5bn market cap by 2015

Goldcorp founder Rob McEwen has announced plans to merge two junior companies he runs into a new Americas-focused miner, and wants the merged entity, to be named McEwen Mining, to qualify for the S&P 500 index by 2015. McEwen is the CEO,...

Minera Andes defers spin-out of Argentina copper project

TSX-listed Minera Andes will defer the planned spin-out of its Los Azules copper project into a new company, the firm said, citing “weaker financial markets, financing uncertainties, and a delayed legal decision”. A court case, brought by...

McEwen's Minera Andes to spin out Argentina copper project

Minera Andes, led by Goldcorp founder and ex-CEO Rob McEwen, will spin out its Los Azules copper project into a new publicly traded company, the firm said on Thursday. The project, in Argentina's San Juan province, has an indicated mineral...

US Gold says El Gallo PEA 'encouraging', targets 2014 commercial output

Toronto-based explorer US Gold has completed a “highly encouraging” preliminary economic assessment on its El Gallo project in Mexico's Sinaloa state, the firm said on Monday. US Gold, which is led by Goldcorp founder and former CEO Rob...

Junior Rubicon surges on 4Moz resource estimate

Shares in Vancouver-based Rubicon Minerals jumped as much as 30% on Monday, after the company announced an initial resource of 4,01-million ounces in the inferred category for a gold project in Ontario. The F2 Gold System at the Phoenix project...