McEwen Mining

MUX

Rob McEwen, CM (born April 15, 1950) is a Canadian businessman. He is the chairman and chief executive officer of McEwen Mining and was the founder and former chairman and chief executive officer of Goldcorp. In January 2019, Goldcorp merged with Newmont creating Newmont Goldcorp Corporation, the second largest gold mining company in the world. McEwen followed his father into the investment industry and also developed a passion for gold. As of 2016 he is one of the top one-hundred wealthiest Canadians, with an estimated personal net worth over $800 million.McEwen devised an innovative approach to exploration when he published maps and geological data on one of Goldcorp's properties and invited scientists and engineers around the world to analyze the data and submit drilling plans to Goldcorp to help it find its next gold deposit. Normally such data is considered proprietary and confidential in the exploration and mining industry and some of Mr. McEwen's colleagues were horrified at the idea of publishing the company's proprietary data. Goldcorp offered prize money of $500,000 for the best drilling ideas. The response was overwhelming and more than 1400 participants submitted drilling plans to the company, leading to further gold discoveries.A graduate of St. Andrew's College in 1969, McEwen later earned a Bachelor of Arts from the University of Western Ontario and a Master of Business Administration from the Schulich School of Business.

McEwen Mining has been a target of short sellers for a while. The current short interest of 19.47% is significantly above the average of the last 12 months (16.20%).