MUX) emerging as a major player in the commodities market
This article was published by IBN, a multifaceted communications organization that connects public companies with the investment community.
Los Angeles – (Newmedia Wire) – January 3, 2025 – McQueen Mining (NYSE: MUX) (TSX: MUX) Well positioned for the upcoming commodity cycle. “Rising commodity prices, especially metals that are vital to green energy, are creating opportunities for investors in mining stocks, even as broader stock markets face potential headwinds from inflation and geopolitical risks. With metal prices rising and demand for resources rising, Companies with diversified portfolios and strong fundamentals are “emerging as major players in this evolving landscape,” as a recent article put it.
“McEwen Mining stands out as a compelling example of a company poised to navigate and capitalize on today’s market challenges and opportunities. By leveraging its rich asset base and focusing on growth, the company provides insight into how mining companies are poised to capitalize. At this pivotal moment, the company’s management team has blazed a distinguished trail.” In the mining industry as a producer of gold and silver with operations spanning multiple jurisdictions, in addition to its strong portfolio of precious metals assets, the company holds a 46.4% stake in McEwen Copper, the developer of the Los Azules project in Argentina – a significant stock. And advanced copper is poised to benefit from the global trend towards electricity and green technologies.
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About McEwen Mining Company
McEwen Mining Company is a gold and silver producer with operations in Nevada, Canada, Mexico and Argentina. In addition, it owns approximately 47.7% of McEwen Copper, which owns the large, advanced Los Azules copper project in Argentina. The company’s goal is to improve the productivity and life of its assets with the aim of increasing its stock price and providing a return. Rob McEwen, chairman and principal owner of MUX, has personally bankrolled the company for $220 million and receives an annual salary of $1.
Forward-looking statements
Certain statements in this article are forward-looking, as defined in the Private Securities Litigation Reform Act of 1995. These statements involve risks, uncertainties and other factors that could cause actual results to differ materially from information expressed or implied in such forward-looking statements. Appearance data may not be indicative of future results. These forward-looking statements are subject to a number of risks and uncertainties, including, among others, various factors beyond management’s control, including the risks set forth under “Risk Factors” and discussed under “Item 1A. Risk Factors.” In Part I of the Company’s most recent Annual Report on Form 10-K or any updates discussed under “Item 1A. Risk Factors” in Part II of the Company’s Quarterly Reports on Form 10-Q and in the Company’s other filings with the Securities and exchanges. Undue reliance should not be placed on the forward-looking statements contained in this article when making an investment decision, which are based on information available to us on the date of this report. All parties undertake no obligation to update this information unless required by law.
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