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Author Topic: MUX - McEwen Mining, Inc. - NYSE  (Read 4171 times)
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« Reply #15 on: June 03, 2016, 12:35:02 PM »


McEwen Mining Sees Cash Holdings Increase 169% From Dec 2014

June 03, 2016

After suffering through a four-year bear market, the once-cash starved mining sector is seeing capital inflows. McEwen Mining is a prime example of a mining company that is reaping the benefits of lower production costs, higher gold prices and higher production improving its balance sheet.

The company held its Annual General meeting May 31, with the company highlighting its balance sheet growth since the start of the year. As of May 27, the company saw its cash holdings rise to $33.26 million, up from $25.87 million as of Dec. 31 2015. /news/2016-05-05/images/Rob_20160505.jpg

The company’s gold and silver stockpiles increased to $21.51 million, up from $5.07 million in December and its investment in junior minors has increased to $1.93 million, up from $1.03 million.

Since December 2014, the company has seen its cash reserves increase by 168%, its gold and silver inventory increase 341%, and its investments increase by 78%.

http://www.kitco.com/news/2016-06-03/McEwen-Mining-Sees-Cash-Holdings-Increase-169-From-Dec-2014.html
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