McEwen Mining suspends distribution
Published by John Williams,
Editorial Assistant
Global Mining Review,
McEwen Mining Inc. has decided to suspend the distribution of half cent per share, which would have been paid on 15 March to shareholders of record on 8 March 2019.
“We have experienced operating issues at our black fox mine and with the startup of our gold bar mine. While viewed as temporary, these issues have resulted in much lower revenue this quarter than planned. As a result, we decided the prudent and responsible course of action was to conserve our cash and suspend the distribution,” said Rob McEwen, chairman and chief owner.
McEwen has approximately 345 million shares outstanding. Rob McEwen owns 23% of the shares.
Read the article online at: https://www.globalminingreview.com/finance-business/08032019/mcewen-mining-suspends-distribution/
You might also like
Ready to revolutionise the cement industry?
Join our sister publication, World Cement, in Lisbon, 10 – 13 March 2024, for their first in-person conference and exhibition: EnviroTech.
This exclusive knowledge and networking event will bring together cement producers, industry leaders, technical experts, analysts, and other stakeholders to discuss the latest technologies, processes, and policies being deployed at the forefront of the cement industry’s efforts to reduce its environmental footprint.
Albemarle and Cat to pioneer sustainable mining technologies and operations
Albemarle Corp. has signed agreements with Caterpillar Inc. to collaborate on solutions to support the full circular battery value chain and sustainable mining operations.