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This article was published by IBN, a multifaceted communications organization engaged in connecting public companies to the investment community.
LOS ANGELES - (NewMediaWire) - December 2, 2024 - McEwen Mining (NYSE: MUX) (TSX: MUX) is positioned for opportunity as artificial intelligence is rapidly reshaping the landscape of economies around the world. "Estimates indicate that generative AI alone will triple its growth to a total market value of $1.3 trillion in the next decade As most investors know by now, there is a surge in the demand for energy-guzzling data centers that are designed to develop and train AI systems. They also know that advanced semiconductor chips are at the heart of all AI technologies. However, many haven't considered that critical minerals, such as copper, gold and silver, are vital components of this burgeoning industry," reads a recent article.
"McEwen Mining is well poised to benefit from the tailwinds arising from the explosive growth of the AI industry. For example, the company has a large exposure to copper through its subsidiary, McEwen Copper, owner of the Los Azules copper deposit in Argentina, which is one of the world's largest and most economically robust undeveloped copper projects.
"Given the skyrocketing demand for copper and the anticipated supply shortages in the coming decades, McEwen's copper resource alone could be a game-changer. The ongoing geopolitical tensions and the drive to develop critical metals' supply lines outside of those controlled by China and its allies makes the gold and silver extraction operations of McEwen Mining in the Americas better positioned to tap the AI revolution for years and decades to come."
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About McEwen Mining Inc.
McEwen Mining is a gold and silver producer with operations in Nevada, Canada, Mexico and Argentina. In addition, it owns approximately 47.7% of McEwen Copper, which owns the large, advanced-stage Los Azules copper project in Argentina. The company's goal is to improve the productivity and life of its assets with the objective of increasing its share price and providing a yield. Rob McEwen, MUX's chairman and chief owner, has personally provided the company with $220 million and takes an annual salary of $1.
Forward-Looking Statements
Certain statements in this article are forward-looking, as defined in the Private Securities Litigation Reform Act of 1995. These statements involve risks, uncertainties, and other factors that may cause actual results to differ materially from the information expressed or implied by these forward-looking statements and may not be indicative of future results. These forward-looking statements are subject to a number of risks and uncertainties, including, among others, various factors beyond management's control, including the risks set forth under the heading "Risk Factors" discussed under the caption "Item 1A. Risk Factors" in Part I of the Company's most recent Annual Report on Form 10-K or any updates discussed under the caption "Item 1A. Risk Factors" in Part II of the Company's Quarterly Reports on Form 10-Q and in the Company's other filings with the SEC. Undue reliance should not be placed on the forward-looking statements in this article in making an investment decision, which are based on information available to us on the date hereof. All parties undertake no duty to update this information unless required by law.