Did Institutional Investors Drop The Ball With McEwen Mining Inc. (NYSE: MUX) (TSX: MUX)?
Mid-cap mining company, McEwen Mining (NYSE: MUX) (TSX: MUX) recently reported its first quarter results for 2024. (https://ibn.fm/ZDZ5U). It wasn’t a stellar quarter for the company’s gold/silver/copper operations. However, in pricing in this news it appears that the market and institutional investors, in particular, took their eye off the ball here – and lost track of the Big Picture. The Big Picture right now for McEwen Mining is McEwen Copper. McEwen Copper is a private company, with ownership roughly split between McEwen Mining (47.7%), institutional investors (33.9%), and other major investors including Rob McEwen himself (12.9%). For those not already…