Friday, 12 September 2014

Rob McEwen: McEwen Mining Live Webcast on Gold, Los Azules Copper, China and Argentina.

  

  Update: 



 
I am very pleased to report our latest development on Los Azules.
We have finally locked up the participation in this unique world-class copper  asset for the benefit of all our shareholders: Read more."



  Rob McEwen - our partner on Los Azules copper project in Argentina - has made the great presentation at Colorado. He talks about Gold, Silver and the potential value of Los Azules copper based on recent transaction with Lumina Copper buyout. Please carefully read my disclaimer and you can google this live presentation on the web, all TNR Gold information can be found on our website and always contact us to find more!
  Argentina is getting more and more attention now for its assets in mining and resources space. China's Trade Agreement backed by Currency Swap and George Soros make this story going into the headlines.

Argentina to get $1bn in currency swap with China before end of 2014





Acquisitions signal a turning market for miners. Canadian Junior TNR Gold holds back-in right into one of the largest copper deposits in the world.


"Los Azules is a unique, long-life, copper mining opportunity in Argentina," commented Kirill Klip, Non-Executive Chairman of TNR. "Recent acquisitions, which include the Las Bambas copper mining project in Peru acquired by Minmetals Group from China and the Taca Taca copper deposit in Argentina acquired by First Quantum Minerals, confirm there is significant value to be realized for projects in this region. We are pleased that large-scale, capital intensive projects like Los Azules are attracting attention from global mining companies, increasing our ability to monetize our portion of the asset."

Soros Bets Big on Argentina Shale



Please read carefully my legal disclaimer.






BNAmericas:

Streaming deals wiping out mining profits - CEO 

By 

Royalty and streaming agreements are erasing mining sector margins, McEwen Mining CEO Rob McEwen said at a precious metals summit in Colorado.
The agreements, under which miners sell a share of future production for cash up front, have been very expensive for the sector, particularly in the current lower metal price environment, the CEO said.
"You don't get share dilution, you get your money up front, but you can't deliver anything to your shareholders," McEwen told the event. "If you assume your project has more room on the upside, you're giving away your future."
Shares of streaming and royalty companies, including Silver Wheaton and Franco-Nevada, are currently trading at levels about 50% better than mining companies, McEwen said.
Silver Wheaton has streaming agreements in place with Primero Mining's San Dimas gold-silver mine in Mexico,Hudbay Minerals' US$1.55bn Constancia copper project in Peru, Vale's Salobo mine in Brazil and Barrick Gold'sUS$8.5bn Pascua Lama project on the Chile-Argentina border, among others.
In June, US-based Coeur Mining renegotiated a gold royalty agreement with Franco-Nevada regarding its Palmarejo silver-gold mine in Mexico, which Coeur CEO Mitchell Krebs had previously described as an outsized burden on cash flow.
McEwen has the El Gallo 1 gold mine and El Gallo 2 silver project in Mexico, a 49% stake in the San José gold mine in Argentina, and the Los Azules copper deposit in Argentina, along with projects in the US. BNAmericas."




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