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MC EWEN MINING announce positive exploration results.

NYSE:MUX   MCEWEN MINING INC
AFTERHOURS ANNOUNCEMENT
McEwen Mining drives a potential new source of production McEwen Mining is pleased to report positive exploration results from the 147NE Target, which was initially discovered in 2018.The Grey Fox Area is located 5 km south of the Black Fox Mine and is comprised of three deposits: 147, Contact and South, and two targets: 147NE and Gibson. The deposits cumulatively host an estimated Indicated resource of 465,000 ounces of gold . The Company is conducting a scoping study to evaluate the economics of mining these three deposits and two target areas via a central underground ramp system.

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AVERAGE ANALYSTS PRICE TARGET $2.63
AVERAGE ANALYSTS RECOMMENDATION BUY
SHORT INTEREST 17.28%


COMPANY PROFILE
McEwen Mining, Inc. is a mining and minerals production and exploration company, which focuses on base metals in Argentina, Mexico and the United States. It operates through the following geographical segments: Mexico, MSC, Nevada, Los Azules, Canada and Other. The company was founded on July 24, 1979 and is headquartered in Toronto, Canada.
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