McEwen Mining Inc. MUX Archives - Page 4 of 9

MondayOct 28, 2024 10:30 am

Tiny Island in the Caribbean Gets Windfall as AI Boom Gathers Steam

While it is common knowledge that investors in tech firms like Nvidia Corp. (NASDAQ: NVDA) are accumulating fortunes from AI, the island of Anguilla is also minting serious cash from this industry. This started at about the time ChatGPT went public and set off a frenzy among companies wishing to get websites ending in .ai. Cue in Anguilla. This British territory in the Caribbean didn’t know it had struck future gold when, by a stroke of luck, it was allocated the .ai internet address back in 1995. Each country has a unique internet address for sites located within its jurisdiction,…

FridayOct 25, 2024 11:15 am

McEwen Mining Inc. (NYSE: MUX) (TSX: MUX): Tapping into Argentina’s Growing Copper Potential

Argentina is rapidly emerging as a key player in the global mining industry, positioning itself to become a significant producer of copper and other minerals critical to the world’s clean energy transition. The country’s ambition to rank among the top ten copper producers by 2030 reflects its immense potential, driven by vast untapped mineral reserves, recent policy reforms, and a growing pipeline of mining projects. Currently, Argentina holds an estimated 75.5 million metric tons of copper reserves, representing about 3% of the global total (https://ibn.fm/XkBiO). Although this is modest compared to copper giants like Chile and Peru, Argentina’s improving investment…

WednesdayOct 23, 2024 9:00 am

Companies like McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) will Capitalize on the Growing Demand for AI Resources

Artificial intelligence is rapidly reshaping the landscape of economies around the world. Estimates indicate that generative AI alone will triple its growth to a total market value of $1.3 trillion in the next decade. As most investors know by now, there is a surge in the demand for energy-guzzling data centers that are designed to develop and train AI systems. They also know that advanced semiconductor chips are at the heart of all AI technologies. However, many haven’t considered that critical minerals, such as copper, gold and silver, are vital components of this burgeoning industry. To put the skyrocketing demand…

FridayOct 18, 2024 1:30 pm

Groundbreaking Work on AI Wins Duo Nobel Prize in Physics

Geoffrey Hinton, undeniably referred to as “the Godfather of AI,” has been awarded the Nobel Prize in Physics alongside John Hopfield for their groundbreaking work that triggered the development of machine learning, the science behind artificial intelligence as we know it today. The duo got this global recognition for the foundational work that they did that made it possible for various AI applications and products to become a reality. Hinton, a University of Toronto-based computer scientist and his peer Hopfield, a Princeton University professor, shared a $1m cash prize that came with their coveted award. The ceremony recognizing the pair…

WednesdayOct 16, 2024 10:30 am

Golden Opportunity: Why McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) Shines Amid Surging Demand for Critical Minerals

Gold has been surging in popularity and value. Just this year, the precious metal has increased by approximately 28%, reaching a peak of more than $2,680 per ounce. In addition to Federal Reserve rate cuts and central bank purchases across emerging markets, the prospect of new financial sanctions imposed by the U.S. and growing concerns about the national debt could provide additional momentum for gold as many analysts forecast prices will continue to set new all-time highs. In the current market landscape, gold stands out as a strategic hedge against both geopolitical and financial risks, making it an attractive option…

WednesdayAug 14, 2024 2:45 pm

QualityStocksNewsBreaks – McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) CEO Showcases Strategic Approach to Industry

McEwen Mining (NYSE: MUX) (TSX: MUX) is an asset-rich diversified gold and silver producer in the Americas. McEwen CEO Rob McEwen recently spoke at the NYC SME’s 9th Annual Current Trends in Mining Finance Conference, where he emphasized the crucial importance of the mining industry to modern civilization and outlined a strategic approach to improving its public perception. “The central theme of McEwen’s speech was the urgent need to alter the public’s negative perception of the mining industry. This change, he argued, could be achieved by showcasing the industry’s essential contributions to daily life and modern technologies, particularly those aimed…

TuesdayAug 13, 2024 10:30 am

McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) Releases Q2, H1 Financial Results, Key Update on Argentinian Mining Project

This has been the company’s most profitable quarter in the last eight years, according to CEO Rob McEwen Revenue was up 38%, driven by an increase in gold prices and the amount of gold equivalent ounces sold Infill drilling at Los Azules copper project has been completed, confirming the geological model and the high-grade zone New Argentinian legislation designed to facilitate foreign investment is expected to significantly improve the economics of the Los Azules project and lower risks for investors McEwen Mining (NYSE: MUX) (TSX: MUX), an asset rich diversified gold and silver producer in the Americas with a large…

ThursdayJul 11, 2024 2:30 pm

QualityStocksNewsBreaks – McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) Positioned as Standout Opportunity for Investors

McEwen Mining’s (NYSE: MUX) (TSX: MUX) share price has shown a remarkable gain of 62.1% over the last 12 weeks, indicating strong momentum and robust performance in the market. “This trend of sustained positive momentum over time is a key indicator of the stock’s potential for continued growth, making it an attractive option for those looking to capitalize on price strength… McEwan Mining’s financial health further supports its strong market position. With a current ratio of 1.37, MUX demonstrates its capability to meet short-term obligations, although its quick ratio of 0.58 suggests a tighter liquidity position when inventory is excluded.…

MondayJun 17, 2024 9:00 am

McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) CEO Emphasizes the Importance of Mining Industry During Speech at NYC SME’s Annual Current Trends in Mining Finance Conference

Rob McEwen recently spoke at the NYC SME’s 9th Annual Current Trends in Mining Finance Conference, emphasizing the importance of mining in sustaining modern civilization McEwen pointed out that those opposed to mining often cite environmental concerns, but they fail to recognize the unintended consequences of shutting down industries that are fundamental to modern living McEwen offered 10 strategic recommendations to make mining relevant to the public and address industry challenges Rob McEwen, CEO of McEwen Mining (NYSE: MUX) (TSX: MUX), an asset rich diversified gold and silver producer in the Americas, recently spoke at the NYC SME’s 9th Annual…

ThursdayJun 13, 2024 1:36 pm

QualityStocksNewsBreaks – McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) Chairman & Chief Owner Featured in Latest Episode of The MiningNewsWire Podcast

McEwen Mining (NYSE: MUX) (TSX: MUX) is an asset rich diversified gold and silver producer in the Americas with a large exposure to copper through its McEwen Copper subsidiary. The company’s Chairman and Chief Owner, Rob McEwen, was featured in the latest episode of The MiningNewsWire Podcast as part of IBN’s sustained effort to provide specialized content distribution via widespread syndication channels. During the interview with host Stuart Smith, McEwen discussed his extensive background in the mining sector, talked about McEwen Mining’s project portfolio, and examined the mining industry’s reputation relating to environmental stewardship before detailing the company’s efforts to…

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