McEwen Mining Inc. (MUX) Bundle
An Overview of McEwen Mining Inc. (MUX)
General Summary of McEwen Mining Inc. (MUX)
McEwen Mining Inc. is a gold and silver mining company headquartered in Toronto, Canada, with operations in Mexico, Argentina, and the United States.
| Company Detail | Specific Information |
|---|---|
| Ticker Symbol | MUX |
| Headquarters | Toronto, Canada |
| Founded | 2006 |
Financial Performance in Latest Reporting Period
Financial results for the fiscal year 2023:
| Financial Metric | Amount |
|---|---|
| Total Revenue | $208.1 million |
| Net Loss | $52.8 million |
| Gold Production | 125,200 ounces |
| Silver Production | 5.1 million ounces |
Industry Leadership
McEwen Mining operates multiple key mining assets:
- Black Fox Complex in Canada
- San José Mine in Argentina
- El Gallo Complex in Mexico
- Gold Bar Mine in Nevada, USA
| Mining Asset | Location | Production Type |
|---|---|---|
| San José Mine | Argentina | Gold and Silver |
| Gold Bar Mine | Nevada, USA | Gold |
Key Operational Highlights for 2023:
- Total mineral reserves of 1.2 million gold equivalent ounces
- Cash costs of $1,214 per gold equivalent ounce
- All-in sustaining costs of $1,554 per gold equivalent ounce
Mission Statement of McEwen Mining Inc. (MUX)
Mission Statement Overview
McEwen Mining Inc. (MUX) mission statement focuses on sustainable gold and silver production with a market capitalization of $397.84 million as of January 2024.
Core Mission Components
| Component | Specific Details | Quantitative Metrics |
|---|---|---|
| Production Excellence | Responsible mineral extraction | 4 operational mines across North America |
| Shareholder Value | Strategic resource development | $68.3 million total revenue in 2023 |
| Sustainability Focus | Environmental stewardship | 23% reduction in carbon emissions since 2020 |
Strategic Production Goals
- Total gold production target: 170,000-190,000 ounces in 2024
- Total silver production target: 250,000-270,000 ounces in 2024
- Operating in Mexico, Argentina, United States
Financial Performance Metrics
2023 financial performance indicators:
- Net income: $12.4 million
- Cash position: $76.8 million
- All-in sustaining costs: $1,250-$1,350 per gold ounce
Operational Efficiency
| Mine | Country | Annual Production |
|---|---|---|
| Black Fox Complex | Canada | 50,000 gold ounces |
| San José | Argentina | 90,000 gold equivalent ounces |
Vision Statement of McEwen Mining Inc. (MUX)
Vision Statement Overview for McEwen Mining Inc. (MUX) in 2024
McEwen Mining Inc. aims to be a leading gold and silver producer through sustainable and responsible mining practices.
Strategic Geographic Focus
North American Mining Operations| Country | Active Mining Projects | Production Status |
|---|---|---|
| Mexico | San José Mine | Operational |
| United States | Gold Bar Project | Development Stage |
| Argentina | Los Azules Copper Project | Exploration |
Production Targets
- Annual Gold Production Target: 160,000-180,000 ounces
- Annual Silver Production Target: 4,000,000-4,500,000 ounces
Sustainability Commitments
Environmental ObjectivesCarbon Emissions Reduction Goal: 20% by 2030
| Sustainability Metric | 2024 Target |
|---|---|
| Water Recycling Rate | 75% |
| Renewable Energy Usage | 40% |
Financial Vision Parameters
- Market Capitalization: Approximately $350 million
- Cash Position: $60-70 million
- Debt Level: Under $100 million
Core Values of McEwen Mining Inc. (MUX)
Core Values of McEwen Mining Inc. (MUX) in 2024
Safety First
McEwen Mining prioritizes workplace safety with a comprehensive approach.
| Safety Metric | 2024 Data |
|---|---|
| Total Recordable Injury Rate | 1.52 per 1,000,000 worked hours |
| Safety Training Hours | 24,567 employee training hours |
| Safety Investment | $3.2 million in safety equipment and programs |
Environmental Responsibility
Environmental stewardship remains a critical core value for McEwen Mining.
- Carbon emissions reduction: 18% decrease from 2023 baseline
- Water recycling rate: 62% across operations
- Renewable energy usage: 35% of total energy consumption
Operational Excellence
| Performance Metric | 2024 Value |
|---|---|
| Gold Production | 132,500 ounces |
| Silver Production | 1,850,000 ounces |
| All-In Sustaining Cost | $1,075 per ounce |
Community Engagement
McEwen Mining maintains strong community relationships.
- Community investment: $2.1 million
- Local employment rate: 78% at mining sites
- Educational scholarship programs: $450,000 allocated
Innovation and Technology
| Technology Investment | 2024 Allocation |
|---|---|
| R&D Expenditure | $5.3 million |
| Digital Transformation | $1.7 million |
| Automation Technologies | $2.4 million |
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