Mcewen Mining Inc. (MUX): Andrew Iaboni , Vice President, Finance of Mcewen Mining Inc. sold 30,000 shares on Jun 29, 2016. The Insider selling transaction was reported by the company on Jun 30, 2016 to the Securities and Exchange Commission. The shares were sold at $0.00 per share for a total value of $0.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 28, 2016, Colin Sutherland (President) purchased 15,166 shares at $3.55 per share price.On Jun 20, 2016, William Alexander Faust (Chief Operating Officer) sold 150,000 shares at $3.48 per share price.Also, On Jun 16, 2016, Simon Tyler Quick (Vice President – Projects) sold 90,000 shares at $0.00 per share price.On Jun 15, 2016, Andrew Louis Elinesky (Sr. VP & CFO) sold 85,000 shares at $0.00 per share price.
McEwen Mining Inc: On Wednesday, Jun 29, 2016 heightened volatility was witnessed in McEwen Mining Inc which led to swings in the share price. The shares opened for trading at $3.71 and hit $3.85 on the upside , eventually ending the session at $3.78, with a gain of 4.42% or 0.16 points. The heightened volatility saw the trading volume jump to 50,00,528 shares. The 52-week high of the share price is $3.85 and the company has a market cap of $1,047 M . The 52-week low of the share price is at $0.65.
McEwen Mining Inc. is a mining and minerals exploration company. The Company is focused on precious and base metals in Argentina Mexico and the United States. Its operating segments include Argentina Mexico and the United States. It has a land position consisting of mining claims leases of mining claims or concessions of around 814 square miles in Argentina 697 square miles in Mexico and 241 square miles in Nevada. It holds around 49% interest in Minera Santa Cruz S.A. (MSC) owner and operator of the producing San Jose mine in Santa Cruz Argentina which is controlled by the majority owner of the joint venture Hochschild Mining plc (Hochschild). It also owns the El Gallo 1 gold mine in Sinaloa Mexico. In addition to its operating properties it also holds interests in numerous exploration stage properties and projects in Argentina Mexico and the United States including the Gold Bar (Gold Bar) and Los Azules (Los Azules) projects.