Saturday, August 17, 2013

Rob McEwen: Gold prices are going up in September MUX, TNR.v, GLD

  Rob McEwen is bullish on Gold and his call about the bottom in the gold market has proven to be right so far. Silver action is particularly important for McEwen Mining now as it provides the very high leverage to its operations. 

 Suddenly after all doom and gloom this story is looking very promising again and Shorts has to run to cover. Los Azules copper project can change it  overnight for McEwen Mining and TNR Gold. 
  Copper was building the base with the news from China about better economic data and high premiums in the copper supply chain due to the delivery delays. Positive news from Argentina will bring upcoming new PEA on Los Azules to the headlines again this Fall.

Rob McEwen - Argentina may lift mining currency restrictions MUX, TNR.v

  "As we have suggested before, Shorts were screaming for cover with McEwen Mining on Monday and the days after this week. We have some more positive developments in Rob McEwen camp. Surging silver has lifted the MUX share price and news from Argentina are building the base for Los Azules Copper to be the catalyst for this fall to be unfolded for McEwen Mining and TNR Gold."

Rick Rule On Gold & Resources: "The Stage Is Set For An Absolutely Dramatic Recovery" TNR.v, MUX

McEwen Mining Q2 Operational Results, Record Production at Lower Costs MUX, TNR.v

"Mr Gold Corp delivers what is valued the most in the time of desperation: solid leadership and management of his assets. Resources have been increased, production is growing and the costs are going lower. McEwen Mining will collect 9 million in Q4 - a very nice bonus to its cash position from Mexico Tax Refund: shorts will be uneasy on Monday during the conference call.
  Mr Market will drive our story - McEwen Mining is highly leveraged to Silver, Gold and Copper prices, but we have one of the best managing owners available on the market here. With his own money on the line and what is even more important for Rob: his name - you can be sure that if anything can be done for the benefit of the shareholders it will happen.
  We are not just cheer leading here, as usual, but talking about the one of the most important asset in this kind of market: Rob has been there, has done it already. His younger team brings a lot of energy and his guidance and name opens the doors. 
  Nobody knows when Mr Market will suddenly remember that Gold and Silver prices are suppressed at the historical level of open market manipulation or that Dr Copper must be flying to the new highs supporting the theory about all that "Economic Growth" disturbing the FED, but you must survive to that point and only after that you can enjoy the ride. If you can preserve your main assets and pick up new ones during the downturn, your patience will be rewarded handsomely.
  For our story here with TNR Gold Los Azules development is the most important one, we still think that it will be the ace from Rob's sleeve to bring the catalyst to all the story of McEwen Mining and, particularly, TNR Gold. Now we have another important milestone in the making of this world class asset:

Los Azules is one of the world's largest and highest grade undeveloped copper porphyry deposits. McEwen Mining is working on an updated Preliminary Economic Assessment (PEA), which is expected to be completed in Q3 this year. The updated PEA will be based on a significantly larger mineral resource. It will evaluate the possibility of (1) increasing the daily throughput; (2) producing copper cathode instead of a concentrate and (3) processing low-grade mineralized material not previously considered, via a heap leach. The advantage of being able to produce a copper cathode is that it would eliminate the contemplated slurry pipeline through Chile and would reduce Argentina's current export tax on concentrate."

McEwen Mining Announces Updated El Gallo 2 Resource Estimate MUX, TNR.v

Rick Rule On Gold & Resources: "The Stage Is Set For An Absolutely Dramatic Recovery" TNR.v, MUX

"To make this dramatic and pleasant for Survivors picture come true we need just one thing - Pros with the money coming into the market, without them it will always be only the wishful thinking. We can see them coming now."

  Bull Market Thinking:

Rob McEwen: “I See No Reason To Reduce One’s Exposure—But More To Increase One’s Exposure In Gold”

August 13, 2013 | By Tekoa Da Silva

I had the opportunity yesterday to join McEwen Mining‘s Q2 2013 conference call, led by the founder and former CEO of GoldCorpRob McEwen. He is now the CEO, Chairman, and Chief Owner of McEwen Mining.
It was an interesting call as usual, with informative commentary on the mining environment in Argentina, and of particular interest—Rob’s updated perspective on gold and gold mining equities.
Speaking towards a presidential cycle he sees occurring in the gold mining equities, Rob said,  ”I continue to believe something called the ‘White House Effect’ will continue to play out this year, and [what] that is, is since 1984, there’s been eight presidential elections, and in each of those years the value of gold shares has declined. In the year that followed…gold shares as measured by the XAU index…have increased anywhere from 10% to 80% in the year that followed the election.
The implication of the “White House Effect” at present according to Rob, is that, “There’s a reasonably good chance that by the end of the year, you’re going to see gold share prices higher than they were at the beginning of the year. So you can see a nice recovery in that space.”
As that recovery occurs, “You’re [also] going to see consolidation taking place…[as] people want to have a little more size in the marketplace. And we’ve been looking in that area as well,” Rob added.
Sharing a comment on gold, Rob said, “My view remains quite positive…The primary drivers for gold are still there and increasing, and I see no reason to reduce one’s exposure, but more to increase one’s exposure in gold…In the short term, the summer is usually a cyclical low, and you get recoveries in September.”  
As a final comment to end the conference call, Rob said, “Gold prices are going up in September…so you might want to take a look at some of these juniors and intermediates.” 
This was another interesting call with one of the great mine developers of our time. It is recommended listening for precious metals investors and those looking to add to their education in the mining equity space.
To listen to Rob McEwen’s Q2 2013 comments, visit:

Enjoy the commentary? Please support the site by sharing this URL page link with friends, family, and your favorite chat forum.
Tekoa Da Silva
Bull Market Thinking"

Please Note our New Legal Disclaimer on the Blog, including, but Not limited to:

There are NO Qualified Persons among the authors of this blog as it is defined by NI 43-101, we were NOT able to verify and check any provided information in the articles, news releases or on the links embedded on this blog; you must NOT rely in any sense on any of this information in order to make any resource or value calculation, or attribute any particular value or Price Target to any discussed securities.

We Do Not own any content in the third parties' articles, news releases, videos or on the links embedded on this blog; any opinions - including, but not limited to the resource estimations, valuations, target prices and particular recommendations on any securities expressed there - are subject to the disclosure provided by those third parties and are NOT verified, approved or endorsed by the authors of this blog in any way.

Please, do not forget, that we own stocks we are writing about and have position in these companies. We are not providing any investment advice on this blog and there is no solicitation to buy or sell any particular company.

Enhanced by Zemanta
Post a Comment