Value, tech, gold & precious metals, gold

McEwen Mining Has A High Price But So-So Assets

McEwen Mining(NYSE:MUX) is trying to grow into a mid-tier gold producer. Many investors buy the company just because of the CEO, Rob McEwen. While Mr. McEwen was successful turning Goldcorp from nothing into a substantial something, the route he is taking is different with McEwen Mining, and I don't think that is a good thing. Not only that, but the assets that McEwen Mining owns don't match up to its market cap.

Rob McEwen Puts His Name On It

If your not familiar with the story of Rob McEwen, it's a pretty interesting one. He took over Goldcorp in 1989, even though he had no prior background or experience in mining gold. Goldcorp's Red Lake mine in Canada...

Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
  • Access Top Ideas, chosen by Seeking Alpha’s editors
  • Filter long and short ideas by market cap and sector
  • Get Coverage of over 5,000 stocks, many of which have little or no coverage elsewhere
"In just the first month of using PRO, I used it to generate two ideas which were actionable for me. As a result of these two positions, I have earned more than 20 times the annual subscription costs for PRO." Michael Yagemann, Greenbridge Capital
"I am pleasantly surprised with the scope of small and mid-cap coverage PRO offers. You can't find that any where else." Patrick Rice, Mainstay Capital Management
100% Satisfaction Guaranteed
Money back guarantee. Seeking Alpha PRO members receive a no-questions-asked refund for membership on months paid and not used. Details