| Armed Robbers Steal $8.5 Million of Gold From McEwen Mexico Mine | |
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Armed robbers walked away with an estimated 7,000 ounces of gold, worth $8.5 million at current prices, from a Canadian-owned mine in western Mexico. The gold was contained in an estimated 900 kilograms (1,984 pounds) of gold-bearing concentrate, a partially processed form of ore, stolen from the refinery at McEwen Mining Inc.’s El Gallo 1 mine in Mexico’s Sinaloa state on Tuesday, the company said in a statement. While McEwen is insured, its policy won’t be enough to cover the entire expected loss, the Toronto-based miner said. “The crime is being vigorously investigated by the Mexican authorities,” McEwen Mining said in the statement. “No employees were seriously injured and there was no material damage to any of the company’s facilities.” More from Bloomberg.com: Tsipras's Visit to Putin Follows Road Paved in Soviet Times Mining and processing activities weren’t impacted and continue uninterrupted. This isn’t the first violent incident affecting Canadian mining companies in Mexico this year. Last month, four Goldcorp Inc. workers in the troubled Guerrero state went missing in an apparent kidnapping, while contractors and an employee of Torex Gold Resources in the same region were kidnapped in February. More from Bloomberg.com
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McEwen Mining
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PRODUCER |
CODE : MUX |
ISIN : US58039P1075 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
McEwen Mining is a gold development stage company based in Canada. McEwen Mining produces gold, silver in Argentina and in Mexico, develops gold and silver in Mexico, and holds various exploration projects in Mexico. Its main assets in production are MAGISTRAL MINE in Mexico and SAN JOSE ARGENTINA in Argentina, its main asset in development is EL GALLO MEXICO in Mexico and its main exploration properties are PALMARITO, GOLD PICK AND GOLD RIDGE, TONKIN PROJECT and MAGISTRAL in Mexico and LOS AZULES ARGENTINA and LIMO in Argentina. McEwen Mining is listed in Canada, in Germany and in United States of America. Its market capitalisation is US$ 2.5 billions as of today (€ 2.1 billions). Its stock quote reached its highest recent level on April 08, 2011 at US$ 9.87, and its lowest recent point on July 29, 2022 at US$ 0.32. McEwen Mining has 337 054 594 shares outstanding. |