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Title : Farewell, Rob McEwen
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Farewell, Rob McEwen

The "Chief Owner" of MUX has made himself a small fortune by starting with a large fortune and investing it in his own abilities:

The crazy decision to buy Black Fox
Calling Hochschild "the JV partners from Hell"
Admitting to working relationships with Mexico drug cartels
The eye-wateringly high G&A at MUX, which must have funded so many nice things
Los Azules, which is not an asset and never will be. It's cash-draining liability worth nothing

And now, Gold Bar. The mine that was supposed to be up and running years ago with a capex bill of $50m has just seen an $83.8m write down because suddenly there's not as much gold there as they thought. What a thing.

The cold reality behind another "Canadian Legend" is revealed.

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