McEwen Mining is a gold and silver producer in Nevada, Canada, Mexico, and Argentina. In addition, it has a large exposure to copper through its 52% ownership of McEwen Copper, which owns the large, advanced-stage Los Azules copper project in Argentina.
The Company aims to improve productivity and extend its mines' life to increase its share value and price and provide a yield. Rob McEwen, Chairman, and Chief Owner, has a personal investment of US$220 million in the company. His annual salary is US$1.
McEwen Mining shares trade on the NYSE and on the TSX under the symbol "MUX"
In its early years, the company was known as U.S. Gold Corporation and operated primarily in the United States. However, in 1990, Rob McEwen took control of the company and changed its name to Goldcorp Inc. Under McEwen's leadership, Goldcorp grew significantly, becoming one of the largest gold mining companies in the world.
In 2001, Rob McEwen left Goldcorp to establish McEwen Mining (then called US Gold Corporation) with a vision to create a leading gold and silver producer. The company embarked on an aggressive acquisition strategy to expand its resource base and increase production capacity. McEwen Mining acquired several properties and mining projects in various locations, including the United States, Mexico, Argentina, and Canada.
One of the significant milestones for McEwen Mining came in 2012 when the company acquired Minera Andes Inc., which owned the San José mine in Argentina. This acquisition gave McEwen Mining access to a producing gold and silver mine and significantly increased its production profile.
Over the years, McEwen Mining has faced some challenges, including operational issues, cost overruns, and fluctuations in precious metal prices. However, the company has continued to explore and develop its assets to increase its reserves and production.
In recent years, McEwen Mining has focused on optimizing its existing operations, reducing costs, and increasing efficiency. The company has also continued its exploration efforts to discover new mineral resources and expand its portfolio.
It's important to note that this history of McEwen Mining is a summarized overview, and there may be additional details and events that are not mentioned here.
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