McEwen Mining Inc (NYSE:MUX) bid farewell to 2016 on a positive note of more than $70 million in treasury, no debt on the head and free cash flow. Among several companies in the mining industry, this one seems to know the rules of game. Apart from that, the stock of company is hit its first landmark right in the beginning of 2016. The company’s CEO, Rob McEwen is popular among the investors, so much that he is known as the “ideal CEO.” Known for making the “right moves that benefit company’s shareholders,” Rob McEwen has a credibility and repute to his honor.
A company with a strong CEO and stronger goodwill
Known for donating his excess money and being inducted in Mining Hall of Fame, the CEO comes with a strong credibility to his account. He has made the company with a stronger goodwill and is also felicitated with the highest civilian honor of Canada, the Order of Canada.
What to expect from McEwen Mining Inc in 2017?
The company’s CEO is positive of the republicans winning the U.S. election with a clear cut majority. Trump’s victory, the CEO believes, will work positive for the gold and the mining industry, at large. With the new U.S. President elect declaring, lower taxes; there is indeed a road that shines ahead.
Rob McEwen is expecting ease in regulations, as far as the mining is concerned. Repatriating incentives for offshore profits of U.S. nationals along with capital investments approval in a speedy manner can make the road ahead easy. Until it is just a mirage, the future of mining industry, under Trump’s presidency should fetch positive outcome, as far as Mcewen Mining Inc CEO believes.
Investors’ favorite and the credibility of CEO would mean that 2017 might make the company a winner for the year. Going by what the company’s CEO believes, it would also not be wrong to say that positive mindset is what this company is bringing into 2017. What happens next, is for the time to decide now.