US Gold: Der nächste Coup

Bei Goldcorp hat rob McEwen schon einmal sein goldenes Händchen bewiesen. Mit dem explorer US Gold (WKN: 871371) möchte er eine ähnliche erfolgsstory schreiben.

Er gilt schon jetzt als Legende im Goldsektor: der Goldcorp-Gründer Rob McEwen. Aus einer kleinen und unrentablen kanadischen Goldminengesellschaft machte er einen der größten Goldproduzenten der Welt. Aus Goldcorp ist er mittlerweile ausgestiegen, er hat
aber vor, das Kunststück von damals noch einmal zu wiederholen. [...]

US Gold verfügt über hervorragende Liegenschaften. Die Erfolgsstory hat aber gerade erst begonnen. Kann McEwen tatsächlich sein Ziel verwirklichen, das Unternehmen in den S&P 500 zu bringen, dürften dem Anleger goldene Zeiten bevorstehen.

Kursziel: 5,80€

Quelle: Der Aktionär, US Gold (WKN: 871371) als Titelstory in Ausgabe 41/2010

... und das nach dem bescheidenen Jahr.

lest euch auch mal bei CitiGold ( WKN 892 606 ) ein

Da kommt meiner Meinung auch was ganz solides nach vorne.

dies wird die Aufmerksamkeit auf die Aktie erhöhen:

"TORONTO, ONTARIO--(Marketwire - Oct. 26, 2010) - US GOLD CORPORATION (NYSE Amex:UXG)(TSX:UXG) is pleased to announce that it will transfer its NYSE Amex listing to the New York Stock Exchange (NYSE). Trading under the Company's symbol "UXG" is expected to begin at the opening of the NYSE on or about November 2, 2010. This transfer to the largest exchange in the world is expected to increase US Gold's market presence and trading liquidity.

"This is both an honor and a significant step towards achieving our goal of qualifying for S&P 500 by 2015! With an aggressive exploration program, two projects moving towards production in Nevada and Mexico and good trading liquidity, US Gold is well positioned to take advantage of rising precious metal prices," stated Rob McEwen.

US Gold has notified that NYSE Amex that it intends to voluntarily delist its common stock from NYSE Amex. Until the time that US Gold's common stock begins trading on NYSE, the common stock will continue to trade on NYSE Amex under its current symbol "UXG".

www.marketwire.com/press-release/...-NYSE-Amex-UXG-1341504.htm

"TORONTO, ONTARIO (OCTOBER 27, 2010) US GOLD CORPORATION (NYSE Amex: UXG) (TSX: UXG) is pleased to announce results from 17 new core holes from El Gallo and the surrounding region, located in Mexico’s Sinaloa State. Drilling at El Gallo focused on expanding the silver mineralization beyond the limits of the currently defined resource. Regional drilling tested a prospective area 6.5 miles (10.5 km) north of El Gallo, where the goal is to identify new mineralization that could conceptually be mined and shipped to a central process facility.

El Gallo: Main Zone Extended to the East
2.6 opt silver over 77.9 ft (90.7 gpt over 23.8 m)

Three new holes, drilled east of the known mineralization, extended the Main Zone by total of 165 ft (50 m) (Fig. 2, 4, 5). The results are encouraging because they indicate that the mineral envelope is widening as drilling progresses to the east and southeast. Prior holes in this area intersected a thinner part of the upper mineralized zone. The mineralization remains open and these results indicate good potential for further expansion. ..."

www.usgold.com/news-article/338/

es kommt wieder etwas Leben in die Bude bzw. in den Kurs. Der Chart sieht doch ganz gut aus:

www.usgold.com/share-information/

das Listing an der NYSE bleibt nicht ohne Folgen. M.M.n. wurden dadurch vermehrt Anleger auf usgold aufmerksam, was sich nun auch in der Kursentwicklung widerspiegelt. Selbstverständlich trägt hierzu auch die Meldung vom 29.10. zu den Bohrergebnissen bei.
Ist und bleibt hier spannend.
Nachwievor viel Spass und Erfolg allen Investierten.

R. McEwen - Experte prophezeit Anstieg des Goldpreises auf 5.000 USD

Rob McEwen gehört zu den bekanntesten Persönlichkeiten in der Bergbau-Branche. Für viele ist er die 'Gold-Legende'. Wenn McEwen spricht, schweigen seine Anhänger. So auch auf der diesjährigen Internationalen Edelmetall- und Rohstoffmesse in München. Das DAF hatte im Anschluss seines Vortrags die Möglichkeit mit Rob McEwen zu sprechen.


McEwen ist bereits seit knapp 30 Jahren in der Branche tätig. Er gründete damals Goldcorp. Inc, die er von einem Börsenwert von 50 Millionen US-Dollar auf 10 Milliarden US-Dollar brachte. "Goldcorp war eine großartige Firma und ist es auch noch. Ich habe den Konzern 19 Jahre lang geführt. Wir haben eine Reihe wichtiger Schwellen überschrittem [...] Ich denke, das gab mir einen Geschmack von dem, was wir noch einmal schaffen können." Mittlerweile ist Rob McEwen CEO und Chairman bei US Gold, Minera Andes und Lexam Explorations. Drei Firmen, die seiner Meinung nach großes Potential besitzen. McEwen besitzt ein ganz eigenes Verhältnis zu Gold. Denn für ihn ist Gold Geld. "Meiner Meinung nach ist es die ultimative Währung. Jeder sollte einfach sein Bankkonto in Gold umsetzen - zumindest einen Teil". Warum Gold das Metall der Zukunft bleiben wird, wie es um das Chance-Risko-Verhältnis beim Silber steht und wie der Privatanleger sein Depot strukturieren sollte, das verrät der Experte im DAF Interview.

www.goldinvest.de/index.php/...-goldpreises-auf-5000-usd-18790

El Gallo District Resource Estimate Update

TORONTO, ONTARIO (NOVEMBER 18, 2010) US GOLD CORPORATION (NYSE: UXG) (TSX: UXG) is pleased to announce details of an updated resource estimate for the El Gallo District (100% owned) in Sinaloa State, Mexico. The resource estimates were prepared by Pincock, Allen and Holt (PAH) of Denver, Colorado in accordance with Canadian National Instrument 43-101 standards (NI 43-101) and updates the previous estimates released on July 6, 2010.  

RESOURCE ESTIMATE HIGHLIGHTS

•    El Gallo District (El Gallo, Palmarito and Magistral Projects) silver resources continues to show encouraging growth (See Table 1,2,3 for total ounces, tonnes and grade for each project):

•    Mineralization at the El Gallo Project, where the majority of the silver resources are located, is close to surface with 93% of the Measured + Indicated and 91% of the Inferred resource located less than 325 feet (100 meters) below surface.

•    Mineralization at El Gallo and Palmarito remains open for expansion in several directions. Seven drills are operating at the projects and throughout the district in order to expand current resources and identify new mineralized areas.
..."


www.usgold.com/news-article/343/

Ist ja mächtig ab gegangen hier. Ich von meiner Seite konnte keine News finden, welche den Kursanstieg begründen würden.
Hat jemand eine entsprechende Meldung oder Erklärung?
Ansonsten soll's mir auch recht sein. Mach nur weiter so...

Ja, gestern +21%, aber ohne News. Vielleicht Insider-Käufe?

Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Shares of gold exploration company US Gold Corp (NYSE: UXG) jumped as much as 13% in intraday trading on heavy volume.

So what: Gold prices moved up today as China approved a fund that will invest in gold-focused exchange-traded-funds outside of the country. Gold producers such as Yamana Gold (NYSE: AUY), Eldorado Gold (NYSE: EGO), and Goldcorp (NYSE: GG) were up today as well, but much more modestly. While it makes sense that US Gold -- which is a much more speculative play on gold -- would be more volatile than currently producing miners, the action today seems to suggest some big buyers at the table.

Now what: Gold bulls probably don't care to hear what I have to say about the yellow metal (hint: it's not positive), though some of my fellow Fools think the metal could be worth speculating on. Of course when it comes to US Gold Corp, it's a speculation on a speculation since investors are betting not only on gold prices staying high, but also on US Gold actually starting to produce something. But that hasn't kept many investors from getting excited about what CEO Rob McEwen -- who turned Goldcorp into the impressive company that is today -- might be able to do for the company.

www.fool.com/investing/general/2010/11/30/...000001&lidx=2

11 Rallying Stocks With Improving Analyst Sentiment

US Gold Corporation (UXG): Gold Industry. Market cap of $688.34M. The stock is currently 2.67% above its 20-day MA, 6.52% above its 50-day MA, and 33.54% above its 200-day MA. Analyst rating has changed from 2 to 1.5 over the last three months. Short float at 4.95%, which implies a short ratio of 3.68 days. The stock has gained 93.79% over the last year.

seekingalpha.com/article/...yst-sentiment?source=TheMotleyFool

"US Gold Corporation: Nevada Exploration Update.
Two New Areas Return Early Encouragement.
Gold Bar Drilling Returns: 1.77 gpt Gold Over 38.1 m (December 6, 2010)

TORONTO, ONTARIO--(Dec. 6, 2010) - US GOLD CORPORATION (NYSE:UXG)(TSX:UXG) is pleased to announce that recent drilling in Nevada has returned encouraging assay results from its Limo and Gold Bar Projects. At Limo, two new mineralized areas have been discovered: 1) a high-grade silver/gold vein, and 2) a potential bulk tonnage target. The best results from these two areas returned: 852 gpt silver, 1.77 gpt gold over 6.4 meters and 1.48 gpt gold over 48.8 meters, respectively. Drilling at Gold Bar continued to focus on expanding the gold mineralization beyond the current resource, returning 1.77 gpt gold over 38.1 meters.
..."

www.usgold.com/news-article/346/

"US GOLD CORPORATION (NYSE:UXG)(TSX:UXG) is pleased to announce the discovery of three gold-bearing veins near the company's El Gallo Project in Sinaloa state, Mexico (Fig. 1). The three veins, which to date have been defined by a total of 17 core holes, are all located within hauling distance of El Gallo. These new veins will not be included in the upcoming Preliminary Economic Assessment.

"The discovery of these veins illustrates the exploration potential of US Gold's large land package around El Gallo. Follow-up drilling has commenced with the objective of further extending the mineralization. Seven drills are currently operating at the project and we expect this pace to continue throughout 2011," stated Rob McEwen, Chairman and CEO.

Drill Assay Highlights

The drill assay results shown below are selected assays from the three new veins. Complete results are listed in Table 1. Vein locations are shown in Figure 1.

Gold Zone Vein (2 core holes drilled – 500 meters SE of El Gallo)
Current Known Strike Length 50 m (Fig. 2)

GZX-002: 7.7 gpt gold over 4.8 meters, including 22.2 gpt gold over 1.1 meters  
GZX-001: 6.4 gpt gold over 3.1 meters, including 10.8 gpt gold over 1.2 meters
Alamo Vein (10 core holes drilled – 7 km North El Gallo)
Current Known Strike Length 450 m (Fig. 3)

SJX-002: 9.3 gpt gold over 1.7 meters
SJX-008: 7.8 gpt gold over 0.8 meters
SJX-009: 7.6 gpt gold over 1.7 meters
SJX-010: 4.2 gpt gold over 6.0 meters, including 7.9 gpt gold over 1.4 meters
..."

pr-usa.net/...ontent&task=view&id=561660&Itemid=32

"Finding the Next Gold Takeout Target

NEW YORK (TheStreet ) -- While analysts and investors alike have been betting on NovaGold(NG_) to be the next takeout candidate, they may be overlooking junior explorer U.S. Gold(UXG_).

U.S. Gold is an $887.06 million exploration company with two silver and gold deposits in Nevada and a silver deposit in Mexico. Rough calculations are that once the mines start producing in late 2013 or early 2014 they will deliver 200,000 ounces of gold and gold equivalent per year at $600 an ounce.
...
U.S. Gold will spend $18.9 million on exploration this year while NovaGold will spend $23.4 million on Donlin alone. U.S. Gold has funding until summer 2011 and currently has $5.5 million in gold bullion and $18.5 million in cash, divided between U.S. and Canadian dollars.
...."

www.thestreet.com/story/10949798/1/...gold-takeout-target.html

wird uns hoffentlich wieder etwas Schub verleihen:

"US Gold Corporation: New Discovery at Limo Project Delivers Significant Results
Posted on: Tue, 11 Jan 2011 09:04:11 EST

Symbols: UXG
TORONTO, ONTARIO, Jan 11, 2011 (Marketwire via COMTEX) -- US GOLD CORPORATION (NYSE: UXG | PowerRating)(TSX:UXG) is pleased to announce exciting drill results from its Limo Project in Nevada. Four reverse circulation holes have been drilled on the Cadillac target since the discovery of a new zone was announced on December 6th. The best new hole intersected 1.29 grams per tonne (gpt) gold over 94.5 meters (m) and ended in mineralization.

US Gold geologists are excited by the recent results because: 1) thick sections of continuous mineralization are present, 2) the grade appears to be improving at depth, 3) the mineralization is open laterally and at depth, and 4) historic drilling in the area was not deep enough to encounter this new target.
..."

www.tradingmarkets.com/news/press-release/...ults-1415575.html

"New Veins Discovered North of El Gallo & Successful Expansion of Several Known Zones Throughout DistrictUS Gold CorporationUXG | 1/13/2011 8:31:40 AMTORONTO, ONTARIO, Jan 13, 2011 (MARKETWIRE via COMTEX News Network) --

US GOLD CORPORATION (NYSE: UXG)(TSX: UXG) is pleased to announce very encouraging drill results from several different areas at and surrounding the company's El Gallo project in Sinaloa state, Mexico (Fig. 1). Drilling has discovered a series of new veins 6 miles (10 km) north of the main resource and has also extended many of the known zones throughout the district.

These results will not be included in the El Gallo Preliminary Economic Assessment due to be released in early February.
..."

www.stockhouse.com/News/USReleasesDetail.aspx?n=8016305

Hallo,

hat irgendwer news darüber warum das Papier in den letzten 2 tagen so viel verloren hat?

"US Gold Receives Highly Encouraging Preliminary Economic Assessment for El Gallo Project

TORONTO, ONTARIO--(Marketwire - Feb. 7, 2011) - US GOLD CORPORATION (NYSE:UXG)(TSX:UXG) is pleased to announce the results of a Preliminary Economic Assessment (PEA) for its 100% owned El Gallo Project in Sinaloa state, Mexico. The PEA was based on the Canadian National Instrument 43-101 (NI 43-101) Mineral Resource Estimate released in November 2010 and does not include the six recently discovered veins or extensions of known resources. The PEA was prepared by the engineering firm Pincock, Allen & Holt of Denver, Colorado.
....
"The results of this PEA show that El Gallo is off to an excellent start. With the recent discovery of six new veins and extensions of known resources there appears to be good potential to further expand the size of the project. Nine drills are currently operating at El Gallo in order to update the current resource and move the project through to feasibility, which is due by year-end. We are looking forward to advancing both El Gallo and Gold Bar in Nevada towards production," stated Rob McEwen, Chairman and CEO.
..."

www.marketwire.com/press-release/...oject-NYSE-UXG-1391520.htm

"US GOLD CORPORATION (NYSE:UXG)(TSX:UXG) is pleased to announce that it intends to offer 15 million shares of its common stock in a public underwritten offering in the United States and Canada.

Robert R. McEwen, the Company's Chairman and CEO, intends to purchase common stock with the value equal to $20 million. The Company intends to grant the underwriters a 30-day option to purchase up to 2.25 million additional shares of common stock to cover over-allotments, if any.
..."

www.marketwire.com/press-release/...ering-NYSE-UXG-1395608.htm

US Gold Announces Pricing of Common Stock Offering (February 18, 2011)
(All currency denominated in US dollars)

TORONTO, ONTARIO (February 18, 2011) US GOLD CORPORATION (NYSE: UXG) (TSX: UXG) (the “Company” or “US Gold”), an exploration company focused on gold and silver in the United States and Mexico, announced today the pricing of its previously announced underwritten offering in the United States and Canada of 15 million shares of common stock at a price to the public of $6.50 per share (the “Offering Price”) for aggregate proceeds of US$97.5 million (the “Offering”). The Company has also granted the underwriters an option to purchase up to 2.25 million additional share of Common Stock at the Offering Price within 30 days following the closing of the Offering to cover over-allotments, if any.
..."

www.usgold.com/news-article/353/

... oder steckt hier mehr dahinter?
Konnte keine aktuelle News ausfindig machen. Langsam aber sicher scheint sich der Kurs wieder in geordnete Bahnen und vor allem in die gewünschte Richtung zu bewegen.

Hier noch ein Link zur "El Gallo Virtual Tour" (ist m.M.n. ganz interessant):

www.mcewencapital.com/video/elgallo_video/

"EL GALLO EXTENDED IN MULTIPLE DIRECTIONS
RECENTLY DISCOVERED VEINS HIGHLIGHT ADDITIONAL UPSIDE POTENTIAL
NEW BULK TONNAGE-NEAR SURFACE MINERALIZATION DISCOVERED
...

Highlights:
1) El Gallo Developments:
• Main Zone extended 60 meters east and 50 meters to the southeast (Fig. 2). Intersections include: 233.3 gpt silver over 12.4 meters, 515.6 gpt silver over 3.2 meters and 77.9 gpt silver over 17.2 meters.
• Infill drilling, designed to upgrade inferred mineralization to measured and indicated categories returns: 1,204.8 gpt silver over 1.1 meters, 76.9 gpt silver over 21.8 meters and 116.3 gpt silver over 13.0 meters.
• El Gallo feasibility study and mine permit submittal remain on track for year-end.

2) New Veins Deliver Continued Success:
• Alamo high grade gold extended at depth: 27.2 gpt gold over 1.0 meter and 5.9 gpt gold over 6.0 meters, including 13.7 gpt gold over 1.5 meters.
• Chapotillio near surface mineralization extended east and north, returning: 114.9 gpt silver, 1.4 gpt gold over 5.9 meters and 72.2 gpt silver, 0.8 gpt gold over 9.5 meters. Intersections starting at or near surface.
3) New Bulk Tonnage Discovery
• Haciendita new near surface, bulk tonnage discovery: 2.1 gpt gold, 31.1 gpt silver over 16.4 meters and 1.0 gpt gold and 16.4 silver over 34.1 meters.
..."

www.usgold.com/news/pdf/356.pdf

beim Kurs der US Gold Corp.
Und nun wird Gold in US Bundestaat bereits als offizielles Zahlungsmittel eingeführt:

"US-Bundesstaat führt Gold als offizielles Zahlungsmittel ein
...
Die Papierwährungen stehen vor einer gewaltigen Belastungsprobe, deren Ausgang ungewiss ist. Gold dagegen wurde schon in der Antike als Zahlungsmittel eingesetzt und hat in seiner langen Geschichte alle Krisen überdauert. Daher nutzt der Markt Gold, um Risiken bei den Papierwährungen aufzuzeigen.

Die jüngsten Allzeithochs beim gelben Edelmetall lassen Schlimmes befürchten. Der Krisenindikator zeigt: So geht es nicht weiter – doch die Politiker hören weg und finanzieren den erkauften Wohlstand weiter.

13 US-Staaten wollen Gold als Plan B

Der US-Bundesstaat Utah beginnt jetzt, sich dem Schuldenspiel zu entziehen. Utah will bei der morgigen Parlamentssitzung Gold und Silber als offizielle Zahlungsmittel legalisieren. 80 Jahre nach der Abschaffung von Gold als gesetzliches Zahlungsmittel steht das Edelmetall jetzt vor dem Comeback.

Gold wird den Dollar zwar nicht ersetzen, aber ergänzen. Neben Utah haben zwölf weitere amerikanische Bundesstaaten ähnliche Gesetzesentwürfe auf der Tagesordnung: Colorado, Georgia, Montana, Missouri, Indiana, Iowa, New Hampshire, Oklahoma, South Carolina, Tennessee, Washington und Vermont.
..."

www.gevestor.de/details/...lles-zahlungsmittel-ein-500294.html

"Gold: Auf Tuchfühlung mit neuem Rekord

Die Kämpfe in Libyen lassen Gold für Anleger weiterhin in einem attraktiven Licht erscheinen und haben seinen Preis in die Nähe seiner Anfang des Monats erzielten Rekordmarke ansteigen lassen.
...
Robert Mc Ewen, der Chef von US Gold Corp., geht sogar davon aus, dass das gelbe Edelmetall in den kommenden Jahren auf 5.000 Dollar ansteigen wird. Als Grund nannte er die wachsenden Geldmengen rund um den Globus und die zunehmenden Bestrebungen, Währungen abzuwerten. Doch auch die europäische Schuldenkrise scheint vor einem Comeback zu stehen. Mit der Ablehnung des Sparpakets durch das portugiesische Parlament und dem Rücktritt José Sócrates steigt die Wahrscheinlichkeit, dass das westeuropäische Land ebenfalls unter den EU-Rettungsschirm schlüpfen und IWF-Hilfe annehmen muss.
..."

www.wallstreet-online.de/nachricht/...uehlung-mit-neuem-rekord

"El Gallo Continues To Expand East & South New High Grade Mineralization Discovered In Two Areas

TORONTO, ONTARIO (March 30, 2011) US GOLD CORPORATION (NYSE: UXG) (TSX: UXG) is pleased to announce drilling continues to expand the size of the silver-gold resource and upgrade the inferred mineralization at the El Gallo Project in Sinaloa State, Mexico. In addition, drilling has intersected high grade mineralization 400 meters (m) (1,300 feet (ft)) southwest of the El Gallo resource. Also, drilling on the recently discovered Alamo vein has encountered mineralization 150 m (500 ft) south of the previous exploration
..."

www.usgold.com/...d=378%3Amarch30-press-release&Itemid=169

... wenn am Montag jemand von euch Zeit hat:  ;-)

"Rob McEwen Chairman & CEO invites you to attend US Gold’s NYSE reception in honor of our recent listing!
Monday April 25, 2011 (6-7:30pm)
NYSE Euronext - Trading Floor
11 Wall Street
RSVP invite only
For more information, please contact Maritza Fuentes..."

www.usgold.com/...t&view=article&id=211&Itemid=261

"TORONTO, ONTARIO--(Marketwire - April 26, 2011) - US GOLD CORPORATION (NYSE:UXG)(TSX:UXG) is pleased to provide an exploration update on the El Gallo Project and two nearby discoveries, Palmarito and Haciendita, all located in Sinaloa State, Mexico. A total of 15 drills are now operating at the project, with $30 million budgeted for exploration in Mexico during 2011-2012.

Drill Assay Highlights

1. El Gallo


--  Infill drilling continues to meet its objective of upgrading inferred
   mineralization to the measured and indicated categories: 149.0 gpt
   silver over 7.2 m, 118.8 gpt silver over 12.6 m and 410.3 gpt silver
   over 3.0 m.  
   
--  Exploration drilling 300 m (985 ft) southeast of the El Gallo resource,
   has returned the deepest intersection of silver mineralization to date.
   Starting 240 m (790 ft) below surface, the hole returned: 131.2 gpt
   silver over 8.1 m, including 484.0 gpt silver over 1.0 m. This
   mineralization is believed to be the down-dip extension of the El Gallo
   deposit and opens up the possibility of additional resources at depth.

2. Palmarito


--  Drilling to expand and infill large gaps in the resource, where no
   inferred mineralization exists, has returned encouraging intersections:
   184.6 gpt silver, 0.3 gpt gold over 25.9 m and 123.7 gpt silver, 0.6 gpt
   gold over 11.5 m. Mineralization from both holes starts less than 30 m
   (100 ft) below surface.

3. Haciendita


--  New lower grade, near surface discovery shows additional growth: 1.1 gpt
   gold, 30.3 gpt silver over 28.3 m, 1.8 gpt gold, 33.9 gpt silver over
   17.9 m and 1.1 gpt gold, 13.5 gpt silver over 21.8 m. The discovery has
   now been traced over an area 125 m (410 ft) x 175 m (575 ft).
..."

(Link folgt sobald im Netz aufgeschalten)

Dieser Rücksetzer in dem Ausmass ist für mich nicht nach zu vollziehen.
Klar haben andere Gold-Aktien gestern und heute auch Federn gelassen. Aber nicht gleich in diesem Umfang. Rein wegen der Goldpreisentwicklung kann dies ja auch nicht der Fall sein. Und sonst eine Meldung konnte ich nicht finden.

Hoffe dass sich die Lage rasch wieder beruhigt und wir wieder in normale Kursgefilde schreiten.

Jede Menge

www.usgold.com/...t&view=article&id=118&Itemid=249

nun ja, die letzte "News" auf der hompage von usgold stammt vom 26.04.. Diese Meldung kann wohl nicht für die Rücksetzer der letzten Tage verantwortlich sein. Da muss etwas anderes dahniter stecken.

Warten wir mal ab ob da noch was kommt.

nun ist eine neue Meldung gekommen. Und die sieht doch ganz gut aus:

"US Gold: Exploration Continues to Deliver Growth at El Gallo & Surrounding Areas
TORONTO, ONTARIO (May 17, 2011) US GOLD CORPORATION (NYSE: UXG) (TSX: UXG) is pleased to provide an exploration update on the El Gallo Project and two nearby discoveries, Palmarito and Los Mautos, located in Sinaloa State, Mexico. These results demonstrate the excellent potential to grow the sizof the project through aggressive exploration.  A total of 15 drills are operating and 3 more are scheduled to arrive in the next two weeks.
...."

www.usgold.com/...;id=385%3A20110517newselgallo&Itemid=169

zustimmung gilt als sicher !!

"US GOLD CORPORATION /quotes/zigman/20793/quotes/nls/uxg UXG +1.90% /quotes/zigman/20814 CA:UXG +1.77% is pleased to announce new drill results from Palmarito and Haciendita, located within hauling distance of the company's El Gallo discovery and planned process facilities, in Sinaloa State, Mexico (Fig. 1). The results highlight the potential to grow the project as it moves through the feasibility stage. Currently 15 drills are operating at and around El Gallo.

Exploration Highlights
....."

www.marketwatch.com/story/...06-29-831120?reflink=MW_news_stmp

http://seekingalpha.com/article/...g-exploration-company?source=yahoo

"Gold - Rekorde ohne Ende!

Die Rekordjagd bei Gold geht weiter. Auf Euro-Basis markierte das Edelmetall bereits neue Allzeithochs, auf US-Dollarbasis hat man sich diesen zumindest dicht angenähert. Es ist unserer Einschätzung nach nur eine Frage der Zeit, bis Gold auch in US-Dollar auf neuen Hochs notiert.

Mit der jüngsten Entwicklung des Goldpreises fühlen wir uns einmal mehr in unserer grundsätzlich optimistischen Haltung in Bezug auf das Edelmetall bestätigt. Und wieder einmal war es richtig, auf die sich bietenden Chancen zu verweisen, als Gold sich in einer Schwächephase befand. Was sich in den letzten Handelstagen darüber hinaus mehr und mehr herauszukristallisieren scheint, ist, dass sich unser Sommerfahrplan zu bestätigen scheint… „Gold und Silber - Bringt der Sommer eine Neubewertung?“ vom  18.06.. Darin hieß es u.a.: „Gold, welches ja im Allgemeinen in den Sommermonaten ohne größere Inspiration seitwärts tendiert, sehen wir angesichts der aktuellen Schuldenproblematik (das betrifft ja nicht nur den Euroraum) sogar vor einer Sommerrally stehen.“
...."

www.wallstreet-online.de/nachricht/...1-gold-rekorde-ohne-ende

"Experten sehen erhebliches Aufholpotenzial bei Goldaktien

Zu Anfang des Jahrtausends, als der Goldpreis mal mehr mal weniger deutlich über der Marke von 200 USD je Unze dahin vegetierte, war es nicht unüblich, dass die angeseheneren Goldaktien mit Kurs-Gewinn-Verhältnissen von 30 oder mehr gehandelt wurden.
....

Doch während der Goldpreis seit dem Jahr 2000 erheblich gestiegen ist, ist es den Goldaktien nicht gar so gut ergangen. Denn während der Goldpreis von seinem Tief bei 252,80 USD pro Unze im Juli 1999 einen Sprung von rund 636% auf das gestrige Hoch von 1.607,01 USD hinlegte, stiegen die Goldaktien – gemessen am Philadelphia Gold and Silver Index  - von 67,3 Punkten Anfang 2000 auf 216,95 Punkte am vergangenen Freitag – ein Zuwachs von „nur“ 322%.
..."

www.goldinvest.de/index.php/...lpotenzial-bei-goldaktien-21529

sieht doch nach wie vor sehr gut aus. Und wenn wir da noch die Entwicklung des Gold- und Silberpreises mit einbeziehen, werden wir noch viel Freude an der US Gold haben:

"El Gallo Infill Drill Results & High Grade Mineralization Discovered South of Resource


TORONTO, ONTARIO (August 11, 2011) US GOLD CORPORATION (NYSE: UXG) (TSX: UXG) is pleased to announce assay results from several different areas at the El Gallo Project, located in Sinaloa State, Mexico, including: 1) infill drilling to the east, 2) an emerging high-grade zone to the southwest and 3) the Gold Zone.

El Gallo Infill Drill Results
Recent drilling at El Gallo has been focused on the eastern limits of the deposit (Fig. 2). The objective was to increase the confidence associated with the inferred mineralization, which is expected to upgrade this portion of the resource to the measured and indicated categories and help establish a reserve for preparation of the ongoing feasibility study.

Four holes, shown in the table below, were drilled inside the proposed pit design. Holes GAX-349 and GAX-351 successfully confirmed the presence of the inferred mineralization and help demonstrate the impressive grades and thicknesses associated with the Main Zone.
....."

www.usgold.com/...&view=article&id=396:20110811elgallo

"US Gold to Begin Phase 1 Development at El Gallo Project in Mexico

TORONTO, ONTARIO--(Marketwire - Aug. 31, 2011) - US GOLD CORPORATION (NYSE:UXG)(TSX:UXG) is pleased to announce that the Company has approved Phase 1 development of its El Gallo project in Sinaloa, Mexico, with mining expected to commence mid-2012. Phase 1 will focus on the permitted satellite gold deposits at the project and is expected to produce 30,000 ounces of gold per year after initial ramp up. This decision is expected to generate cash flows approximately two years earlier than originally planned at a minimal capital cost and will help fund Phase 2, which is forecasted to produce an additional 5 million ounces of silver per year, beginning in 2014.

Benefits of Fast Tracking Production:  

Earlier production and cash flow starting in 2012
Phase 1 cash flow to be used to fund additional growth
Helps build an operating team in Mexico earlier
Phase 1 is expected to be easily funded from US Gold's current treasury
Phase 1 is presently permitted for production and all surface agreements are in place. Historical production from this area totaled 70,000 ounces of gold between 2002-2005. With present gold prices US Gold believes fast tracking the development of El Gallo represents an attractive investment opportunity.

..."
www.marketwire.com/press-release/...exico-nyse-uxg-1555920.htm

A0HFYM

und m.M.n. wiederum sehr vielversprechende:

"Palmarito Expansion Drilling Continues to Return Good Results Starting at Surface - Growing Open Pit Potential
237.6 gpt Silver over 12.2 m
263.2 gpt Silver over 6.5 m

TORONTO, ONTARIO (September 8, 2011) US GOLD CORPORATION (NYSE: UXG) (TSX: UXG) is pleased to announce exploration results from its Palmarito deposit, part of the El Gallo complex in Sinaloa State, Mexico, where Phase 1 mining is planned for mid-2012.  Drill results continue to show excellent potential for open pit resource growth, in addition to higher silver grades.

Exploration Highlights

Near surface mineralization continues to expand in size and importance:
- 237.6 gpt silver over 12.2 m, including 891.0 gpt silver over 2.0 m – from surface
- 263.2 gpt silver over 6.5 m, including 500.0 gpt silver over 1.0 m – from surface
Drilling extends mineralization at depth, encountering the highest grades to date at Palmarito:
- 5,870.0 gpt silver over 0.4 m
Drilling to increase the confidence associated with the mineralization and upgrade inferred resources to the measured and indicated categories continues to meet expectations:
- 523.1 gpt silver over 2.9 m
- 123.0 gpt silver over 7.0 m
- 102.0 gpt silver over 18.3 m
- 130.0 gpt silver over 12.0 m
Testing historic reverse circulation holes with core drilling continues to return better silver grades, indicating an opportunity to add ounces in previously defined areas:
- 87.4 gpt silver over 17.0 m (Grade increased by 77% over same thickness)
...."

www.usgold.com/...ent&view=article&id=400:20110908-pmx

Ist dies mit ein Grund für den Kursrücksetzer?
Oder resultiert dieser lediglich aus der Goldpreisentwicklun?

Bin mir nicht ganz im Klaren, was die Fusion für Auswirkungen auf den Kurs hat.

"US Gold Corp. und Minera Andes Inc. vereinbaren Fusion zu McEwen Mining
US Gold Corporation und Minera Andes Inc. gaben gestern bekannt, dass man eine Fusionsvereinbarung eingegangen sei. Durch den Zusammenschluss könnte ein mittelgroßer Silberproduzent mit geringen Kosten entstehen. Wie bereits im Juni angedeutet worden war, wird das fusionierte Unternehmen den Namen McEwen Mining tragen.

Gemäß Vereinbarung erhalten die Aktionäre von Minera Andes pro Minera-Aktie 0,45 einer Stammaktie eines Tochterunternehmens von US Gold, diese Stammaktien können gegen Stammaktien von US Gold eingetauscht werden.

www.finanznachrichten.de/...en-fusion-zu-mcewen-mining-028.htm

"El Gallo Development Photo Update"

file.marketwire.com/release/us923.pdf

"El Gallo Complex Development Photo Update"

media3.marketwire.com/docs/uxg_el_gallo_photos_2.pdf

könnte der Aktie wieder etwas Schub verleihen:

"US Gold Corporation: El Gallo Drilling Intersects Impressive Silver Mineralization

TORONTO, ONTARIO--(Marketwire - Oct. 25, 2011) - US GOLD CORPORATION (NYSE:UXG)(TSX:UXG) is pleased to announce new drill results from the El Gallo Complex, in Sinaloa State, Mexico. Drill results contained in this news release were completed in order to increase the size of the silver and gold resources at El Gallo. Highlights include: 309.7 grams per tonne (gpt) silver over 10.3 meters (m), 727.7 gpt silver, 5.0 gpt gold over 2.7 m, 130.9 gpt silver over 19.0 m and 461.7 gpt silver over 11.3 m, with the last intersection occurring 20 m below the proposed pit bottom.

"Since making the El Gallo discovery in 2009, we have completed an aggressive exploration program of 165,000 meters of core drilling and we still have not found the limits of the system. Impressive intersections of near surface silver mineralization continue to be encountered. In addition, I believe the proposed merger with Minera Andes will create an attractive, high growth, low cost mid-tier silver producer. The fundamentals look exceptionally bright for the company, despite the current share price decline," stated Rob McEwen, Chairman and CEO.
..."


www.marketwire.com/press-release/...ation-nyse-uxg-1577284.htm

und die heutige Meldung stimmt zusätzlich positiv:

"El Gallo Complex Drilling Continues to Intersect Exciting Near Surface Silver Mineralization at Palmarito Plus Core Twinning Delivers +49% Increase in Silver Grade

TORONTO, ONTARIO (November 2, 2011) US GOLD CORPORATION (NYSE-TSX: UXG) is pleased to announce results from 1) exploration drilling and 2) core twinning at Palmarito, part of the El Gallo Complex in Sinaloa, Mexico.  Exploration drilling continues to intersect exciting mineralization, designed to expand the open pit resource. Highlights include: 140.0 grams per tonne (gpt) silver over 14.0 meters (m), 180.7 gpt silver over 8.7 m and 384.2 gpt silver over 4.7 m.  Results start from surface.

In addition, 39 of 61 historical reverse circulation holes have been twinned with core. Results to date show that the grade-weighted average has been increased to 157 gpt silver from 106 gpt silver (+49%) (Table 2).
..."

www.usgold.com/...mp;view=article&id=405:20111102palmarito

hier ein neuerliches Photo update:

media3.marketwire.com/docs/El_Gallo_Nov_4_2011.pdf

also die Marketingabteilung arbeitet gut:

"El Gallo Complex Development Photo Update
November 18, 2011"

media3.marketwire.com/docs/elgalloupdatenov18.pdf

US Gold Announces Positive Preliminary Feasibility Study for Gold Bar Project, Nevada

Toronto, Ontario (November 28, 2011) - US GOLD CORPORATION (NYSE.AMEX: UXG - TSX: UXG) is pleased to announce results of a Preliminary Feasibility Study (“PFS”) for its 100% owned Gold Bar Project in Nevada. The PFS was prepared by SRK Consulting (U.S.) Inc. (“SRK”) of Reno, Nevada, in accordance with the requirements of Canadian National Instrument 43-101 “Standards of Disclosure for Mineral Projects” (“NI 43-101”).

Highlights of the Pre-feasibility Study
(All amounts in US dollars)

Average annual production of approximately 51,000 ounces of gold over an 8-year mine life (total 410,400 ounces), at a cash cost of $665 per ounce (oz).

Open-pit mine with conventional oxide heap leach processing. Projected gold recovery of 82% after primary crushing to 5 centimeters (2 inches) and a 90-day leach cycle.
After-tax Net Present Value (NPV) of $36.4 million at $1,200 per oz gold and 8% discount rate, giving an Internal Rate of Return (IRR) of 29%. Based on today’s spot gold price ($1,700 per oz) the after-tax NPV and IRR increase to $109.1 million and 61% respectively.
Estimated initial capital expenditures of $55.8 million and sustaining capital of $38.5 million, for total life-of-mine (LoM) capital expenditures of $94.3 million. Pay-back period of 2.6 years at $1,200 per oz gold, or 1.4 years based on the spot gold price ($1,700 per oz).
..."

www.usgold.com/...&view=article&id=407:20111128goldbar

finance.yahoo.com/news/...nces-Positive-iw-1685625775.html?x=0

El Gallo Complex Development Photo Update

media3.marketwire.com/docs/ElGallo_Dev_1202.pdf

"Rob McEwen Letter to Shareholders of US Gold and Minera Andes

You will shortly receive in the mail a massive document: information circular/proxy statement along with a request for your vote to approve the combination of US Gold and Minera Andes. My name is Rob McEwen and I am the largest shareholder, Chairman and CEO of both companies. I own approximately 20% of the outstanding shares of US Gold and 30% of the outstanding shares of Minera Andes. In June 2011, I proposed this combination to the Boards of both companies based upon my belief that the combined company would be significantly stronger and better positioned to grow and prosper.

I do not take a salary from either company. I bought all of my shares. The cost of my investment is over $110 million and it is split approximately 45% US Gold and 55% Minera Andes. How will I make money? The same way as you, which is through a higher share price!

I am very sorry to say that since June the price performance of our shares and much of the junior gold market has been simply awful and financially painful for all of us! However, once you have approved the combination on January 19th I believe we will see the value of our shares begin to improve for the following reasons:
...."

www.marketwatch.com/story/...nd-minera-andes-2011-12-21-831340

"US Gold Provides El Gallo Complex Construction & Exploration Update

TORONTO, ONTARIO (January 4, 2012) US GOLD CORPORATION (NYSE: UXG) (TSX: UXG) is pleased to provide a construction and exploration update for its El Gallo Complex in Sinaloa, Mexico. Key developments for Phase 1 construction and exploration results include:

Construction of Phase 1 remains on time and budget and is scheduled to be completed by mid-2012. Phase 1 production is expected to average 30,000 ounces of gold per year. Phase 2, for which a feasibility study is being completed, is expected to contribute an additional 5 million ounces of silver and 5,000-10,000 ounces of gold per year.
The mining fleet for Phase 1 has arrived and pre-stripping of the open pit mine began on December 9th and will continue during the first half of the year. Stockpiling of ore is expected to begin in the coming weeks. Ore is expected to be delivered to the heap leach pad by mid-2012.

Engineering for the crushing, process plant and heap leach facilities has been completed. Pre-existing equipment has been disassembled and removed from site. The new crushing and process plant is expected to be completed by May-2012. (A photo library showing bi-weekly progress can be viewed by clicking here).

New drill results from the San Dimas discovery (first announced October 27, 2011) include: 1.15 gpt gold, 31.9 gpt silver over 27.3 m and 2.02 gpt gold, 43.5 gpt silver over 14.5 m.

Palmarito expansion drilling continues to intersect good grades starting from or near-surface: 125.9 gpt silver over 25.0 m, 258.8 gpt silver over 4.7 m and 107.6 gpt silver over 14.1 m.
..."

www.usgold.com/...=article&id=414:20111204-el-gallo-update

El Gallo Complex Development Photo Update
January 6, 2012

media3.marketwire.com/docs/20120106_pics.pdf

"US Gold Responds to Settlement Offer Regarding Minera Andes' Los Azules Copper Property Litigation

TORONTO, ONTARIO – January 13, 2012: US Gold Corporation (“US Gold”), in light of the proposed business combination between US Gold and Minera Andes Inc., wishes to respond and comment on the news release of TNR Gold Corp. (January 12, 2012) proposing a settlement for an amount of US$125 million of the litigation surrounding certain portions of Minera Andes’ Los Azules Copper Project.  Reference is also made to Minera Andes’ news release this morning outlining the consideration by its board of directors and special committee of this offer, and the determination to reject the offer as being unreasonable.

Given the potential value of the Los Azules properties compared to the overall value of Minera Andes and given the potential value of the claims made by the plaintiffs in this litigation, the Special Committee of independent directors of US Gold undertook significant due diligence of the Los Azules litigation in considering whether to recommend the business combination to the Board.  Furthermore, the Special Committee's independent financial advisor considered the risk associated with the litigation and factored it into its valuation model. The Special Committee is of the view, after having consulted with its independent financial advisor, that this settlement offer does not change its previous analysis or recommendation. The Board of US Gold encourages all shareholders to read in detail the disclosure about the litigation surrounding Minera Andes’ Los Azules project as set out in US Gold’s proxy statement dated December 13, 2011.  
..."

www.usgold.com/...ent&view=article&id=415:20120113-tnr

"Für die Experten von "Prior Gold" ist die Aktie von US Gold (ISIN US9120232072 / WKN 871371) ein Kauf.

Für den Titel von US Gold sei es kürzlich bis in die Nähe seines 52-Wochentiefs bei 4,49 Dollar abwärts gegangen. Seit einigen Tagen steige die Aktie aber wieder. So plane Vorstandschef Rob McEwen eine Fusion mit Minera Andes (ISIN CA6029101012 / WKN 900181).

Rob McEwen habe bereits den Goldkonzern Goldcorp (ISIN CA3809564097 / WKN 890493) erfolgreich aufgebaut und wolle nun mit US Gold diese Erfolgsgeschichte wiederholen. Bereits diese Woche solle die Fusion vollzogen werden, auch wenn noch einige Hürden zu nehmen seien. Das verschmelzte Unternehmen solle dann unter dem Namen McEwen Mining firmieren. Dieses wäre schuldenfrei und würde einen positiven Cashflow generieren. Die Silberbestände betrügen dann 156 Mio. Unzen, die Goldvorräte 6,5 Mio. Unzen und die Kupferbestände 12,5 Mrd. Pfund. Rob McEwen wäre an McEwen Mining mit 25% beteiligt und die Marktkapitalisierung betrüge mehr als 1 Mrd. Dollar.
..."

www.aktiencheck.de/news/...Fusion_Minera_Andes_geplant-4090667

The closing of the transaction is conditional on receipt of a final order from the Court of Queen's Bench of Alberta, which is expected shortly. Assuming receipt of the final order, it is anticipated that the transaction will become effective on or about January 24, 2012, and shares of McEwen Mining be expected to commence trading on the Toronto Stock Exchange ("TSX") and the New York Stock Exchange ("NYSE") under the symbol "MUX" on or about January 27, 2012 concurrently with the commencement of trading on the TSX of the exchangeable shares of McEwen Mining - Minera Andes Acquisition Corp. to be received by Minera Andes shareholders under the symbol "MAQ". Upon closing of the transaction, McEwen Mining will have an aggregate of 267,084,203 shares of common stock outstanding and issuable upon the exchange of exchangeable shares.

Shareholders are advised that detailed reports on voting will be made available shortly under each of the companies' profiles on SEDAR (www.sedar.com) and EDGAR (www.sec.gov).

ABOUT US GOLD (www.usgold.com) AND MINERA ANDES (www.minandes.com)

US Gold and Minera Andes entered into a definitive arrangement agreement on September 22, 2011, wherein each Minera Andes shareholder would receive 0.45 of an exchangeable share (each such share being exchangeable into a US Gold share on a one-for-one basis) for every one (1) Minera Andes share held. US Gold's objective is to qualify for inclusion in the S&P 500 by 2015. US Gold explores for gold and silver in the Americas and is advancing its El Gallo Project in Mexico and its Gold Bar Project in Nevada towards production. US Gold's shares are listed on the NYSE and the TSX under the symbol UXG, trading 2.9 million shares daily during the past twelve months. US Gold's shares are included in S&P/TSX and Russell indices and Van Eck's Junior Gold Miners ETF. Rob McEwen, Chairman and CEO, owns 20% of the shares of US Gold. Minera Andes is an exploration company exploring for gold, silver and copper in Argentina with three significant assets: One, a 49% interest in Minera Santa Cruz SA, owner of the San Jose Mine that is located near Goldcorp's Cerro Negro project; Two, 100% ownership of the Los Azules copper deposit; Three, 100% ownership of a large portfolio of exploration properties in Santa Cruz province, Argentina, including properties bordering the Cerro Negro project. Minera Andes had $45 million USD in cash as at September 30, 2011 with no bank debt. Rob McEwen, Chairman and CEO, owns 30% of the shares of Minera Andes.

Forward Looking and Cautionary Statements

This press release contains certain forward-looking statements and information, including "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. The forward-looking statements and information express, as at the date of this press release, the companies' estimates, forecasts, projections, expectations or beliefs as to future events and results. Forward-looking statements and information are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management, are inherently subject to significant business, economic and competitive uncertainties, risks and contingencies, and there can be no assurance that such statements and information will prove to be accurate. Therefore, actual results and future events could differ materially from those anticipated in such statements and information. Risks and uncertainties that could cause results or future events to differ materially from current expectations expressed or implied by the forward-looking statements and information include, but are not limited to, the completion of the proposed business combination between Minera Andes and US Gold, risks related to business integration as a result of a successful business combination, factors associated with fluctuations in the market price of precious metals, mining industry risks, risks associated with foreign operations, risks related to litigation including specifically but not limited to Minera Andes' Los Azules property which if resolved adversely to Minera Andes (or the combined company, as the case may be) would materially affect Minera Andes' (or the combined company, as the case may be) ability to develop the Los Azules project, property title, the state of the capital markets, environmental risks and hazards, uncertainty as to calculation of mineral resources and reserves and other risks. Readers should not place undue reliance on forward-looking statements or information included herein, which speak only as of the date hereof. Neither US Gold nor Minera Andes undertakes any obligation to reissue or update forward-looking statements or information as a result of new information or events after the date hereof except as may be required by law. See US Gold's Annual Report on Form 10-K for the fiscal year ended December 31, 2010 and other filings with the Securities and Exchange Commission, under the caption "Risk Factors" for additional information on risks, uncertainties and other factors relating to the forward-looking statements and information regarding US Gold. See Minera Andes' Annual Information Form, filed on SEDAR (www.sedar.com), and its Form 40F, available on EDGAR (www.sec.gov), for additional information on risks, uncertainties and other factors relating to the forward-looking statements and information regarding Minera Andes. All forward-looking statements and information made in this news release are qualified by this cautionary statement.


The TSX and NYSE have not reviewed and do not accept responsibility for the adequacy or accuracy of the contents of this news release, which has been prepared by management of US Gold and Minera Andes.

El Gallo Complex Development Photo Update
January 20, 2012

media3.marketwire.com/docs/ELGALLOPICS.PDF

braut sich hier was Grosses zusammen:

"Minera Andes Announces Receipt of Final Court Order in Respect of Proposed Business Combination With US Gold

TORONTO, ONTARIO (January 20, 2012) - US Gold Corporation ("US Gold") (NYSE:UXG – TSX: UXG) and Minera Andes Inc. ("Minera Andes") (TSX: MAI - OTCBB: MNEAF) are pleased to announce that Minera Andes has been granted the final court order from the Court of Queen's Bench of Alberta approving the plan of arrangement under the Business Corporations Act (Alberta) (the "Arrangement"), pursuant to which US Gold will acquire Minera Andes and be renamed McEwen Mining Inc. ("McEwen Mining").

Pursuant to the Arrangement, each Minera Andes shareholder will receive 0.45 of an exchangeable share (an Exchangeable Share) in the capital of McEwen Mining – Minera Andes Acquisition Corp. (Exchangeco), a subsidiary of US Gold for every one (1) Minera Andes share held. Each Exchangeable Share will be exchangeable for US Gold Shares on a one-for-one basis at the option of the holder and in certain other circumstances. The Exchangeable Shares will also have voting rights, dividend entitlements and other attributes corresponding to the US Gold Shares. Each US Gold shareholder will continue to hold their existing US Gold shares in the renamed McEwen Mining. The Arrangement was overwhelmingly approved by the shareholders of US Gold and Minera Andes at their respective special meetings of shareholders held on January 19, 2012.
..."

www.usgold.com/...mp;view=article&id=417:20110120-approval

"McEwen Mining: US Gold and Minera Andes Business Combination Completed

TORONTO, ONTARIO--(Marketwire - Jan. 24, 2012) - McEwen Mining Inc. ("McEwen Mining") is pleased to announce that the previously announced business combination (the "Combination"), pursuant to which US Gold Corporation acquired Minera Andes Inc. and was renamed McEwen Mining, has been successfully completed and closed today. The Combination was carried out by way of a plan of arrangement under the Business Corporations Act (Alberta), which was approved by the shareholders of both US Gold and Minera Andes on January 19, 2012 and the Court of Queen's Bench of Alberta on January 20, 2012.

Shares of McEwen Mining will commence trading on the NYSE and the TSX, subject to final exchange approvals, under the symbol "MUX" on Friday January 27, 2012. Holders of Minera Andes shares will receive 0.45 of an exchangeable share of McEwen Mining - Minera Andes Acquisition Corp. for each one (1) Minera Andes share held. These exchangeable shares of McEwen Mining - Minera Andes Acquisition Corp., will also start trading on the TSX on January 27, 2012 under the symbol "MAQ". The exchangeable shares of McEwen Mining - Minera Andes Acquisition Corp. are convertible on a one-for-one basis at any time into shares of McEwen Mining. McEwen Mining will have an aggregate of 267,084,203 shares of common stock outstanding and issuable upon the exchange of exchangeable shares.
..."

www.marketwire.com/press-release/...tion-completed-1610604.htm