30 Apr 2019quarterly activities report▼ Bad
McEwen Inc. reported quarterly revenue of $15.6 million and a net loss of $10.1 million for the period ended 2019-03-31.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
10 Apr 2019quarterly activities report▼ Bad
McEwen Inc. reported quarterly revenue of $15.6 million and a net loss of $10.1 million for the period ended 2019-03-31.
29 Mar 2019material agreement▲ GoodMajor
McEwen raised about $25 million in a private placement of stock-and-warrant units at $1.55/unit to an institutional investor and several of its own directors and officers, netting roughly $23.5 million for its mining projects and working capital.
27 Mar 2019securities registration● Neutral
McEwen Inc. filed a prospectus supplement for an offering off its existing shelf.
13 Mar 2019material agreement termination● Neutral
McEwen voluntarily cancelled its $90 million at-the-market equity program with no penalty, days before announcing a cheaper, targeted private placement instead.
21 Feb 2019quarterly activities report▼ Bad
McEwen Inc. reported a quarterly net loss of $21.0 million for the period ended 2018-12-31.
12 Feb 2019substantial holder notice● Neutral
Van Eck Associates Corporation reported a McEwen Inc. shareholding of 41,167,706 shares (11.93% of votes) in a periodic institutional filing.
15 Jan 2019quarterly activities report▼ Bad
McEwen Inc. reported a quarterly net loss of $21.0 million for the period ended 2018-12-31.
21 Dec 2018capital raising announcement● Neutral
Closed that flow-through offering for approximately $15 million gross.
6 Dec 2018capital raising announcement● Neutral
Announced another flow-through financing to keep funding exploration in the Timmins region.
3 Dec 2018material agreement● Neutral
McEwen's Mexican subsidiary extended its Bancomext line of credit's borrowing window to December 2019 and agreed to added environmental reporting covenants.
9 Nov 2018material agreement● Neutral
McEwen set up an at-the-market equity program with six banks (UBS, BMO, Cantor Fitzgerald, H.C. Wainwright, Roth and A.G.P.) letting it sell up to $90 million of common stock as needed.
9 Nov 2018securities registration● Neutral
McEwen Inc. filed a prospectus supplement for an offering off its existing shelf.
31 Oct 2018quarterly activities report▼ Bad
McEwen Inc. reported quarterly revenue of $26.9 million and a net loss of $13.3 million for the period ended 2018-09-30.
30 Oct 2018quarterly activities report▼ Bad
McEwen Inc. reported quarterly revenue of $26.9 million and a net loss of $13.3 million for the period ended 2018-09-30.
12 Oct 2018quarterly activities report▼ Bad
McEwen Inc. reported quarterly revenue of $26.9 million and a net loss of $13.3 million for the period ended 2018-09-30.
16 Aug 2018debt financing▲ GoodMajor
McEwen borrowed $50 million at 9.75% interest to fund Gold Bar construction and working capital, secured by a lien on company assets; half of the loan ($25 million) came from Evanachan Limited, a company owned by McEwen's own Chairman and CEO Robert McEwen.
2 Aug 2018quarterly activities report▼ Bad
McEwen Inc. reported quarterly revenue of $33.8 million and a net loss of $5.4 million for the period ended 2018-06-30.
31 July 2018quarterly activities report▼ Bad
McEwen Inc. reported quarterly revenue of $33.8 million and a net loss of $5.4 million for the period ended 2018-06-30.
31 July 2018quarterly activities report▼ Bad
McEwen Inc. reported quarterly revenue of $33.8 million and a net loss of $5.4 million for the period ended 2018-06-30.
25 July 2018resource reserve update▲ GoodMajor
McEwen reported more encouraging results from its $15 million Black Fox exploration program, with 129,000 ft drilled in Q2, including at Stock East, Froome and Gibson. A revised Black Fox Mine resource eliminated the Inferred category and increased Indicated ounces and grade.
16 July 2018quarterly activities report▼ Bad
McEwen Inc. reported quarterly revenue of $33.8 million and a net loss of $5.4 million for the period ended 2018-06-30.
9 July 2018resource reserve update▲ GoodMajor
McEwen filed the finalized El Gallo mine-life-extension study ('Project Fenix') and explicitly corrected the numbers it had previewed six weeks earlier: mine life is actually 12 years (not 10), with a 28% after-tax IRR, $60 million NPV, $41 million initial capital and 47,000 oz/year of gold-equivalent production.
29 May 2018securities registration● Neutral
McEwen Inc. amended a filing by which it registered a securities offering with the SEC using its shelf eligibility.
25 May 2018resource reserve update▲ GoodMajor
Three updates in one week: the Tamarack deposit at Black Fox got its first resource estimate including base metals (127,000 Indicated gold-equivalent oz, up from 41,000 Inferred oz), McEwen flagged a possible promissory-note financing for Gold Bar construction, and it previewed a new economic study extending El Gallo's mine life by about 10 years.
2 May 2018quarterly activities report▼ Bad
McEwen Inc. reported quarterly revenue of $41.3 million and a net loss of $5.2 million for the period ended 2018-03-31.
2 May 2018quarterly activities report▼ Bad
McEwen Inc. reported quarterly revenue of $41.3 million and a net loss of $5.2 million for the period ended 2018-03-31.
27 Apr 2018securities registration● Neutral
McEwen Inc. registered a securities offering with the SEC using its shelf eligibility.
16 Apr 2018quarterly activities report▼ Bad
McEwen Inc. reported quarterly revenue of $41.3 million and a net loss of $5.2 million for the period ended 2018-03-31.
22 Feb 2018quarterly activities report● Neutral
McEwen Inc. reported a quarterly net income of $2.2 million for the period ended 2017-12-31.