McEwen Copper seeks $4B to advance Los Azules

This is exactly why I diversified into physical gold in my IRA. I saw McEwen back in '17 when I first started looking at junior miners, but the sheer CapEx numbers for these new projects, even for a company as focused as them, just scream risk. I mean, $4 billion? My initial investment in my Gold IRA was about $300k, and putting that into a single-mine development play in Argentina felt like a coin flip for my retirement. The peace of mind holding actual metal, rather than just exposure to highly leveraged mining operations, is priceless. Especially when you see these capital raises constantly hitting the headlines, it just reinforces that choice.

That $4B figure for Los Azules raises an eyebrow. I've been tracking these resource plays for a couple decades, and while the copper narrative is strong, a capital raise of that magnitude for a single project, even one as promising as Azules, in this market environment tells me they either have some deeply embedded commitments or they're seriously overestimating the appetite for risk at this scale right now. My gut says it's a tough ask, especially without a few more strategic partners already inked.

McEwen Copper, huh? Saw that headline. Feels like every other day there's some junior miner looking for a cool billion or two to dig up the next big thing. Been burned on a few of those back in '08 when I was still chasing the 'next big score' in mining stocks. Copper's hot right now, no doubt, especially with the EV push, but a $4B raise is serious capital, and they'll be diluting shareholders like crazy to get it. My Gold IRA's seen better returns over the long haul than most of the copper plays I’ve watched come and go.

Totally agree. I’ve been keeping an eye on McEwen for a while now, ever since I diversified a bit of my portfolio into some copper miners a few years back. The demand for copper isn't slowing down, and with the push towards EVs and renewable energy, this kind of capital infusion into a major project like Los Azules makes perfect sense. My initial bet on copper was more of a hedge, but it's really starting to look like a solid long-term play.

I'm always wary of these massive capital raises for early-stage mining projects, especially copper right now. The demand outlook is strong, sure, but so are the geopolitical risks and the permitting hurdles. I actually ran some hypothetical numbers through the Tax Calculator at goldirablueprint.com/tax comparing what a traditional stock gain on something like this would look like versus a diversified gold IRA position if copper prices don't pan out. It really reinforced my belief in tangible assets when you see how tax-efficient a well-structured gold IRA can be, especially for us folks in Nebraska aiming for long-term growth and protection.

My advisor told me 10-15% in gold is the sweet spot but I went heavier. We'll see how it plays out.

This mirrors what I've been seeing too. The macro environment right now is making a strong case for physical metals.

Ngl I came here expecting the usual affiliate spam but the discussions are actually decent. Way better info than what I was getting from my old advisor.

Ngl I came here expecting the usual affiliate spam but the discussions are actually decent. Way better info than what I was getting from my old advisor.

Ngl I came here expecting the usual affiliate spam but the discussions are actually decent. Way better info than what I was getting from my old advisor.

I was pretty skeptical about another gold IRA forum but the tools here on GIRAB actually surprised me — the calculator alone saved me hours of spreadsheet work.

Ngl I came here expecting the usual affiliate spam but the discussions are actually decent. Way better info than what I was getting from my old advisor.

My advisor told me 10-15% in gold is the sweet spot but I went heavier. We'll see how it plays out.

I was pretty skeptical about another gold IRA forum but the tools here on GIRAB actually surprised me — the calculator alone saved me hours of spreadsheet work.

My advisor told me 10-15% in gold is the sweet spot but I went heavier. We'll see how it plays out.