| McEwen Mining says robbers stole 7,000 ozs of gold from Mexico mine | |
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(Adds details of robbery, insurance, gold price) April 7 (Reuters) - Armed robbers on Tuesday made off with 7,000 ounces of gold contained in some 900 kilograms of gold-bearing concentrate from McEwen Mining Inc's El Gallo 1 mine in Mexico, the Canadian-based miner said. No employees were seriously injured nor was there any material damage to facilities at the mine, in the northwestern state of Sinaloa, McEwen said in a statement. Although the company has insurance against these types of incidents, its policy will not be sufficient to cover the entire expected loss, McEwen said in a statement. Mexican police are investigating. At current gold prices of $1,208 an ounce, the stolen gold would be worth nearly $8.5 million. McEwen Mining also owns a gold and silver mine in Argentina and other development assets in the Americas. Its chairman is well-known mining executive Rob McEwen, who owns 25 percent of the company's shares. (Reporting by Nicole Mordant in Vancouver; Editing by Steve Orlofsky)
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McEwen Mining Inc
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PRODUCER |
CODE : MUX |
ISIN : US58039P1075 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
McEwen Mining is a gold and silver producing company based in Canada. McEwen Mining holds various exploration projects in Mexico. Its main assets in production are MAGISTRAL MINE in Mexico and SAN JOSE ARGENTINA in Argentina, its main asset in development is EL GALLO MEXICO in Mexico and its main exploration properties are PALMARITO, GOLD PICK AND GOLD RIDGE, TONKIN PROJECT and MAGISTRAL in Mexico and LOS AZULES ARGENTINA and LIMO in Argentina. McEwen Mining is listed in Canada, in Germany and in United States of America. Its market capitalisation is US$ 3.3 billions as of today (€ 3.0 billions). Its stock quote reached its lowest recent point on July 29, 2022 at US$ 0.32, and its highest recent level on July 19, 2024 at US$ 9.99. McEwen Mining has 337 054 594 shares outstanding. |