Eye Catching Stock News: McEwen Mining Inc. (MUX)

James Blair

McEwen Mining Inc. (NYSE: MUX) changed -1.24% to recent value of $1.59. The stock transacted 2698364 shares during most recent day however it has an average volume of 2406.65K shares. It spotted trading -36.90% off 52-week high price. On the other end, the stock has been noted 29.27% away from the low price over the last 52-weeks.

McEwen Mining Inc. (NYSE: MUX) declared two new management appointments. Steven Woolfenden, will be joining as the Vice President of Environment and Community Affairs; and Stefan Spears is changing roles to become Vice President of Corporate Development.

Steven Woolfenden

Steven Woolfenden has over 20 years’ of experience in environmental sciences and 10 years’ experience navigating complex environmental approvals and permitting for mining projects, both in Canada and abroad. He is a biologist with experience working in government for 10 years (Fisheries and Oceans Canada and the Canadian Environmental Assessment Agency) prior to entering the private sector. In his previous role with IAMGOLD Corporation for the past seven years, he was responsible for oversight of environmental matters and worked to build effective relationships with regulatory authorities, aboriginal peoples, stakeholders and local communities.

Steve Woolfenden commented, “I am excited to be joining McEwen Mining because I believe my experience in leading permitting efforts will allow me to make a positive contribution to the organic growth of the Company. The desire of the McEwen team to look for innovative solutions to problems also attracted me, as I am always on the lookout for opportunities to improve our environmental aptitude and speed up the regulatory process.”

Steve Woolfenden has secured many favorable outcomes for stakeholders over the years, and prides himself on building strong sustainable frameworks based on mutual respect, science based assessments, and technology driven monitoring. We welcome Steve to this new management position at McEwen.

Steve Woolfenden holds a B.Sc. degree in Biological Sciences from the University of Guelph.

Stefan Spears

Stefan Spears has worked with McEwen and its predecessor companies since 2005. In 2008, he was appointed Vice President of Projects with leadership over our US based portfolio of assets, particularly the early development of the Gold Bar Mine from exploration, to resource growth, to pre-feasibility and permitting. From 2012 to 2015 Stefan started and later sold a successful manufacturing enterprise outside the mining sector. In 2015, Stefan rejoined McEwen to work collaboratively across many departments and initiatives, including addressing market related challenges, technical problem solving, the acquisition of Black Fox, and corporate finance needs. bDuring his 15-year carrier in mining, Stefan has been involved in numerous mergers, acquisitions and financings. His primary responsibility in his new position will be to implement the chosen corporate growth strategy, streamline our existing portfolio of projects, and support corporate communications and investor relations.

“McEwen Mining has every element needed to succeed, notably; great projects, experienced and hard-working management, and supportive stakeholders. I’m privileged to be able to work in such an environment, and excited by what challenges the next phase of growth will entail,” said Stefan Spears.

Stefan Spears holds a B.Sc. in Civil Engineering from Queen’s University in Kingston.

 MUX has a gross margin of 22.40% and an operating margin of -51.00% while its profit margin remained -48.30% for the last 12 months. Its earnings per share (EPS) expected to touch remained -340.40% for this year .

 The company has 353.83M of outstanding shares and 279.27M shares were floated in the market. According to the most recent quarter its current ratio was 2 that represents company’s ability to meet its current financial obligations. The price moved ahead of -4.96% from the mean of 20 days, 5.62% from mean of 50 days SMA and performed -8.09% from mean of 200 days price. Company’s performance for the week was -3.64%, 4.61% for month and YTD performance remained -12.64%.

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