Loading ...Highlighting McEwen Mining again
How can anyone not give their money to Rob McEwen? Just read this…
Stock Repurchase Program
On October 1, 2015, our Board of Directors authorized, and we publicly announced, a plan to repurchase up to 5.4% of our outstanding common stock, or up to $15 million in aggregate purchases, whichever is less. During 2015 we repurchased 1,896,442 shares of our common stock at a total cost of $1.8 million, for an average purchase price of $0.94 per share.
So while Goldcorp is diluting you and serially missing every guidance metric there is, Barrick is selling streams on one of their best assets in the Dominican, New Gold is selling a stream on a mine they haven’t even built and hedging on the first 200 points up, Rob McEwen is buying back stock at .94 in addition to buying millions of shares himself around 1$.
Thanks, Cashcosts – think I’ll add to my McEwen holding this week!
http://www.thestar.com/business/2015/12/25/aiming-to-be-the-uber-of-mining.html
Spawn of Mcewen.
I like McEwen a lot too- Have heard him speak several times at Resource Shows and for some reason believe him when he repeatedly says his goal is to have MUX included in the S&P.
Anyone following Lexam, LEX.to ?
“Lexam VG Gold Inc. is a gold exploration company with mineral properties in advanced exploration stage, located in the heart of Timmins Gold Camp, northern Ontario, Canada, one of the most prolific gold producing regions of the world, with over 70 million ounces delivered to date. Core projects are four properties with developed gold deposits: Buffalo Ankerite, Davidson Tisdale, Fuller, each with 100% Lexam VG Gold ownership interest, and Paymaster, with ownership interest 60% Lexam VG Gold – 40% Goldcorp.
Chairman Rob McEwen is the largest shareholder, with 27% ownership in the company.”
http://www.lexamvggold.com