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Market Impact: 0.35
MUX to Generate Additional Capital From Non-Core Timmins Asset Sale
Source: zacks.com
M&A & RestructuringCommodities & Raw MaterialsCompany FundamentalsCorporate Guidance & Outlook
McEwen will sell its non-core Timmins assets for $55 million, freeing capital for mine development. The company is targeting annual production of 250,000–300,000 gold-equivalent ounces by 2030.
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