McEwen Mining was formed in January 2012 through a merger between Minera Andes Inc. and US Gold Corp.
FORBES: Rob McEwen Looks For Gold To Keep Rising As Nations Run Up Debt Levels
Previously, officials have said they envision a merged Minera-US Gold to produce some 7.5 million ounces of silver by 2014.
FORBES: McEwen: Minera-US Gold Proposal Proceeding; Labor For A Challenge For Exploration Companies
The boards of both US Gold and Minera Andes have formed special committees of independent directors to consider the proposed transaction.
FORBES: Update: McEwen Proposes Merger Of US Gold, Minera Andes
McEwen was encouraged that share prices of both US Gold and Minera were higher by around 5% as he spoke with Kitco News this morning.
FORBES: Update: McEwen Proposes Merger Of US Gold, Minera Andes
Once the actual value of expatriated dollars actually exceeded US gold reserves, Richard Nixon simply ended the convertibility of dollars into gold for international exchange purposes.
FORBES: Our Fiat Dollar Has Cost the United States $80 Trillion
The interview came one month after Minera Andes and US Gold announced a merger proposal from McEwen, the chairman, chief executive and largest shareholder of both companies.
FORBES: McEwen: Minera-US Gold Proposal Proceeding; Labor For A Challenge For Exploration Companies
Minera Andes had a cash flow from a 49% passive ownership in the San Jose Mine in Argentina, while US Gold had a development pipeline of projects.
FORBES: Rob McEwen Looks For Gold To Keep Rising As Nations Run Up Debt Levels
The projection for a merged Minera-US Gold company would be silver production of 7.5 million ounces by 2014, a three-fold increase from the expected 2.5 million this year.
FORBES: Update: McEwen Proposes Merger Of US Gold, Minera Andes
The CEO of Goldcorp, Robert McEwen turned out to be a shrewd goldbug, turning his modest ownership in the micro cap Goldcorp into a large stake in US Gold .
FORBES: Who Got Really Rich This Week? Elon Musk, a College Professor, A Goldbug and More
Since the merger announcement, US Gold and Minera have outperformed gold and silver, as well as the McEwen Junior Gold Index launched two years ago for exploration-stage junior mining companies, McEwen noted.
FORBES: McEwen: Minera-US Gold Proposal Proceeding; Labor For A Challenge For Exploration Companies
So on Tuesday, the companies announced a proposal from McEwen, the chairman, chief executive officer and the largest shareholder of both US Gold and Minera Andes, to combine the companies into a high-growth, low-cost mid-tier silver producer focused in the Americas.
FORBES: Update: McEwen Proposes Merger Of US Gold, Minera Andes
Among the largest underlying components of XME, in trading today Royal Gold Incorporated ( NASD: RGLD) is off about 1.2%, Allied Nevada Gold Corporation ( AMEX: ANV) is off about 1.5%, and US Gold Corporation ( NYSE: UXG) is lower by about 0.9%.
Five years ago China surpassed the US in gold production and five years from now it will own more gold than the US Federal government.
Christian Siriano showed us liquid gold and black animal skins in a Russian opera-inspired collection.
Recent world events tell us that gold and silver have lower to go.
FORBES: World Events Tell Us That Gold And Silver Have Lower To Go
Could he return us to gold with the stroke of a pen?
FORBES: Steve Forbes Predicts a Return to the Gold Standard Within Five Years
FORBES: Bernanke Has Brett Favre Moment As QE2 Hail Mary Picked Off, Going The Other Way
What would it take to set up a genuine gold standard with a working mechanism for converting US dollars into gold on demand?
FORBES: The Death Certificate Of The Paper Dollar: Where To Next?
But the French can't sell much, you say, they signed the Washington Accord, that smart little stitch-up late last year when the World Gold Council persuaded the US Administration that American gold miners would sink if the European central banks flogged off gold left right and centre.
Correctly sensing that Fort Knox would quickly run out of gold, on Aug. 15, 1971, Nixon took us off the gold standard, and the inflationary '70s began.
This is why income disparity has constantly grown since the US exited the gold standard and inflation became a serious threat.
Somewhere along the line they also enslaved us to mine gold, needed to somehow fix the atmosphere of their home planet.
FORBES: Maya Doomsday Blues: Should We Kiss Our Keisters Good-Bye?
An accident at a major US-owned gold and copper mine in Indonesia's eastern province of Papua has left workers trapped, officials say.
Rescue work is continuing at a major US-owned gold and copper mine in Indonesia after a tunnel collapsed on Tuesday, trapping more than 20 workers.
You can also join us for our gold webcast today at 4:15 pm ET as we will be discussion A Case for Investing in Gold.
FORBES: From The Abyss Come Great Opportunities In Gold, Stocks
On Friday, US company Solid Gold Bomb apologised for selling the T-shirt and removed it from sale, saying a listing was automatically generated in error.
As the sun went down, light shot through the smoke and turned the air around us a dark gold that cast an unsettling radiance on the trees and houses.
Canada's men will hope to follow the example set by the women's team on Thursday, with Marie-Philip Poulin and company storming to a 2-0 win over the US to take gold.
BBC: Canada set up ice hockey final clash with United States
Mr Volcker served as Under Secretary of the Treasury for International Affairs when the US abandoned the gold standard and ended the Bretton Woods regime of fixed interest rates in the early 1970s.
应用推荐