Topic: How To Invest

Pat: I would like to receive your opinion on McEwan Mining. Thank you.

Article Excerpt

McEwan Mining Inc. is the proposed name of a new gold and silver exploration and development company. This new firm will be created after US Gold Corp., $6.55, symbol UXG on Toronto (Shares outstanding: 135.9 million; Market cap: $913.9 million; www.usgold.com) completes its $621.9-million purchase of Minerva Andes Inc., $2.46, symbol MAI on Toronto (Shares outstanding: 269.9 million; Market cap: $712.4 million; www.minandes.com). US Gold expects to close the deal in October 2011. Under the terms of the agreement, Minera Andes shareholders will get 0.4 of a U.S. Gold share for each of their shares. US Gold owns properties in Mexico and Nevada. Its main prospects are its silver/gold discovery at the El Gallo project in Mexico, and its Gold Bar gold project in Nevada. The company aims to start up an open-pit mine at El Gallo in 2014. This mine would then produce 50,000 ounces of gold and 5 million ounces of silver a year. The Gold Bar project would…