$MUX McEwen Mining (MUX.T and MUX.NYSE) - An Undervalued Investment In Gold And Copper
RocksAndStocksNews
McEwen Mining has a gold and copper play that is very undervalued. On the gold mining operations they are making big efforts to turn around the economics. In addition, they are spending plenty of money on gold exploration. At their projects in Timmins, I believe they could have a Red Lake style deposit below their current mine. Rob McEwen ran GoldCorp when it found the Red Lake mine and built it, he is no stranger to these kinds of extreme high-grade gold mines that are low cost operations.
At their copper asset, they have one of the top 10 undeveloped copper projects in the world. Which also falls in the bottom quartile of costs of production. Big and low cost copper assets are on the buying list of majors hungry for copper mines to meet the demands coming from the industrialized world, developing world and the electrical car revolution.
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RocksAndStocksNews
McEwen Mining has a gold and copper play that is very undervalued. On the gold mining operations they are making big efforts to turn around the economics. In addition, they are spending plenty of money on gold exploration. At their projects in Timmins, I believe they could have a Red Lake style deposit below their current mine. Rob McEwen ran GoldCorp when it found the Red Lake mine and built it, he is no stranger to these kinds of extreme high-grade gold mines that are low cost operations.
At their copper asset, they have one of the top 10 undeveloped copper projects in the world. Which also falls in the bottom quartile of costs of production. Big and low cost copper assets are on the buying list of majors hungry for copper mines to meet the demands coming from the industrialized world, developing world and the electrical car revolution.
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