McEwen Mining Is Drilling At Los Azules Copper, Argentina.

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Rob McEwen has provided his report yesterday on 2016 full year and Q4 results. It is great to see that  McEwen Mining, Operator on Los Azules, is moving forward with all its projects. Now the time has come for the giant Los Azules Copper in Argentina. Argentina is back in business, Dr. Copper is signaling that reflation trade is on and Freeport’s Grasberg mine will not be coming on-line in 2017.

Now McEwen Mining is drilling on Los Azules Copper project and new PEA with reduced CAPEX will widen greatly the audience of the potential investors to move this project to the next level of development and applicable valuation. TNR Gold is holding Royalty on Los Azules with McEwen Mining among other strategic assets.

LEGAL DISCLAIMER

Please read legal disclaimer. There is no investment advice on this blog. Always consult a qualified financial adviser before any investment decisions. DYOR.

McEwen Mining:

“On many important fronts, 2016 was a good year for McEwen Mining. We generated significantly higher cash flow and earnings per share despite producing 6% fewer ounces. We grew our treasury by 84% without resorting to equity financing, or sale of  metal streams, or royalties, or taking on debt. Looking forward into 2017, our next chapter of growth begins. Pending government approval we are ready to start construction in Nevada at our Gold Bar deposit late this year. In Mexico, we are reconfiguring our El Gallo Silver project to improve its economics. In addition, we are testing new exploration targets. In Argentina, our Los Azules project is getting more attention as a result of the improving copper price. Finally, when completed our proposed friendly acquisition of Lexam VG Gold will enhance our development and production pipeline with several high grade gold  projects in Timmins, Canada, one of the world’s largest gold districts,” said Rob McEwen, Chairman and Chief Owner.

Los Azules Project (100%) 
  
During 2016 we spent $1.6 million in further baseline environmental and optimization studies, and related activities at Los Azules. The 2017 drilling season was started with an initial budget of $6.4 million to be spent in the first quarter with further drilling dependent on weather and results. In addition to drilling, we plan to spend $3.2 million on further studies and other works to advance the Los Azules project.”

Please Note that TNR Gold Qualified Person – as it is defined by NI 43-101, was NOT able to Verify and Confirm Any Provided Information by The Third Parties in the Articles, News Releases or on the Links embedded in this email; 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.




New Green Energy Metals Royalty Company: TNR Gold Corp. Announces Strategic Changes.

I would like to thank all shareholders of TNR Gold for their continuous support of our company. 

My special thanks are going to all TNR Gold Team, Natalia Lobanova, John Harrop, John Wisbey, Ross Thompson and Greg Johnson. I would like to welcome Maurice Brooks who will be heading my transition Team. Now it is time to build the TNR Gold Team and bring our Company to the new level. 

Kirill Klip, Chairman, President and CEO of TNR Gold stated: “I would like to thank management and directors of TNR Gold for the development of our Company and its portfolio of projects to this stage. Now it is time to bring our Company to the next level based on strategic partnerships with worldwide leaders in our industry like Ganfeng Lithium at International Lithium and McEwen Mining at Los Azules Copper project in Argentina. My strategy will be defined by maximising shareholders’ value in our Company. My priorities will be to build TNR Gold Team and advance our projects with strategic partners, who can provide the world-class technology and capital. My focus will be to minimise dilution while optimising capital management at TNR Gold in order to maximise the value of the assets of our Company.”

We will be changing all relevant information on our websites and presentations. As always, you must rely only on the official filing by our companies on SEDAR and SEDI. Please never hesitate to contact us to find more about our Companies.

Please read legal disclaimer. There is no investment advice on this blog. Always consult a qualified financial adviser before any investment decisions. DYOR.

    

TNR Gold And Los Azules Copper: McEwen Leads Extraordinary List Of Mining Hall Of Fame Inductees.

“This exemplary group of mining experts, innovators and pioneering Canadians are global leaders of the highest caliber,” said Bill Roscoe, Chair, Canadian Mining Hall of Fame.

It is a very old definition of a gold mine: “A hole in the ground with a liar at the top.” For so many investors, unfortunately, it was proven right. The dreams and the real men of integrity with dreams are two very different things and brutal reality separates people and their money in mining very fast. It is a very rough statistic, but out of every 1,000 drill holes only 10 will return the mineralization justifying the further exploration with a necessary scale indicating an economic potential of the project, then only 5 will confirm the economic deposit and you are very lucky if the 2-3 will ever become a mine.

McEwen Mining.

Very early into this game, I have learned to stick with the best people in the industry who has made it before. The story of Veladero Gold project in Argentina where Lukas Lundin family has invested $16 million in the developing of the project which was later bought by Homestake (Barrick Gold) for $300 million will get your attention.  Lukas Lundin was teaching me as his very happy investor in Tenke Mining and other companies to trade exploration risk for political one: countries can change, one-off incredible gigantic deposits will stay. And if you are lucky they can become yours. Lucas Lundin and Tenke Mining story deserve a full book as a part of MBA in mining investment and economics. 

McEwen Mining.

Please Note that TNR Gold Qualified Person – as it is defined by NI 43-101, was NOT able to Verify and Confirm Any Provided Information by The Third Parties in the Articles, News Releases or on the Links embedded in this post; 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.

McEwen Mining.


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