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McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) – Los Azules Project Could Be World’s Next Copper Unicorn

  • Both gold and copper have seen significant increases in market value in recent months, and copper is forecast to be one of the best-performing of all commodities in 2023, based upon increased demand and projected shortages
  • McEwen Mining is a majority shareholder of McEwen Copper, which owns the Los Azules copper deposit in Argentina, one of the largest undeveloped copper projects in the world
  • McEwen Copper plans to update its PEA (preliminary economic assessment) during Q1 2023, follow with IPO during Q2, and complete the Feasibility Study in 2024

Historically, gold has been a staple in investment portfolios due to benefits like diversification and a lack of correlation with investments, retaining value during volatile periods. Despite the volatility in the gold market early in 2022, by the end of the year it was on the rise again, increasing 17% to reach its highest level since April 2022 (https://ibn.fm/05zpL). Denmark’s Saxo Bank suggests that gold could hit record highs in 2023, with three key factors to consider: the increasing “war economy mentality,” governments increasing deficit spending on ambitious projects, and the possibility of a global recession in 2023.

McEwen Mining (NYSE: MUX) (TSX: MUX), an asset-rich diversified gold and silver producer with large exposure to copper through its subsidiary, McEwen Copper, is led by a management team with extensive knowledge and experience in the mining space and owns and operates in some of the most prolific…

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NOTE TO INVESTORS: The latest news and updates relating to MUX are available in the company’s newsroom at http://ibn.fm/MUX

About MiningNewsWire 

MiningNewsWire (MNW) is a specialized communications platform focused on developments and opportunities in the global resources sector. The company provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to millions of social media followers, and (5) a full array of corporate communications solutions. As a multifaceted organization with an extensive team of contributing journalists and writers, MNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, MNW brings its clients unparalleled visibility, recognition and brand awareness. MNW is where news, content and information converge.

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MiningNewsWire
Los Angeles, California
www.miningnewswire.com
310.299.1717 Office
Editor@MiningNewsWire.com

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