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February 23, 2012 / Jeb

McEwen Mining (MUX)- New Merger May Create Mining Giant

One of our long term recommendations U.S. Gold (See our original recommendation by clicking here) merged with Minera Andes to form Mcewen Mining (MUX) which has production out of Argentina, near term production in Nevada and Mexico with Gold Bar and El Gallo and a world class exploration land package surrounding Goldcorp in Argentina and along the Cortez Trend in Nevada.

We have been a supporter of this business combination prior to the announcement.  (Click to see GST article recommending merger.) Remember Goldcorp acquired Andean Resources for its Cerro Negro property for over $3 billion dollars and this area has not yet been explored thoroughly.  There is exciting potential of high grade gold in this district and we expect to hear news form Argentina in the immediate future.

Click here to see full video interview with Jeb Handwerger and Rob McEwen.

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