Welcome to our dedicated page for McEwen news (Ticker: MUX), a resource for investors and traders seeking the latest updates and insights on McEwen stock.
McEwen Inc. reports on precious-metals production and mineral development across gold, silver and copper assets in the Americas. Recurring company updates cover operating and financial results, mine and project development, drilling results, mineral resource estimates and NI 43-101 technical reports.
The company’s news commonly addresses the Gold Bar Mine Complex in Nevada, the Tartan Mine Project in Manitoba, gold and silver operations in Canada, the United States, Mexico and Argentina, and the Los Azules copper development project held through McEwen Copper. Coverage also includes shareholder voting matters, capital-structure disclosures, material agreements and exploration or joint-venture activity tied to its mineral portfolio.
McEwen (NYSE:MUX) has announced significant drilling results from its Windfall Project in Nevada, located 32 miles from their Gold Bar Mine. The highlight is drill hole WF033, which revealed a new high-grade zone yielding 8.1 g/t gold over 8.7 meters, including an impressive section of 50.3 g/t gold, 782 g/t silver, 15% lead, and 2.5% zinc over 1.3 meters.
Additional notable results include intersections of 2.0 g/t gold over 38.3 meters (WF032) and 1.2 g/t gold over 17.1 meters (WF031). The company plans to publish a resource estimate by year-end 2025, conduct further drilling to test mineralization extensions, and perform metallurgical testing.
The new zone shows similarities to i-80 Gold's Ruby Hill Mine, which has produced 1.4 million ounces of gold, and its location on private land could expedite permitting processes.McEwen Mining (NYSE:MUX) has reported promising drilling results from its Grey Fox Project at the Fox Complex, highlighting significant gold intercepts. Key findings include 10.1 g/t gold over 5.8m and 10.4 g/t gold over 5.6m at the Gibson zone, and 4.8 g/t gold over 14.9m at Grey Fox South (GFS).
The current Grey Fox resource stands at 1,538,000 gold ounces at 3.64 g/t Au Indicated and 458,000 gold ounces at 3.30 g/t Au Inferred. An updated resource estimate is expected in October 2025. The company aims to increase annual production beyond 200,000 gold ounces in the coming years while reducing production costs.
McEwen Mining (NYSE:MUX) reported Q2 2025 results showing improved profitability with net income of $3.0M ($0.06/share) compared to a net loss of $13.0M in Q2 2024. The company generated revenue of $46.7M from selling 14,549 GEOs at an average realized gold price of $3,298 per GEO.
Key financial metrics include Adjusted EBITDA of $17.3M ($0.32/share), cash and equivalents of $53.6M, and working capital of $61.8M. Total consolidated production reached 27,554 GEOs across operations. The company maintains its 2025 production guidance of 120,000-140,000 GEOs and targets reaching 250,000-300,000 GEOs by 2030.
Significant developments include advancing the Los Azules copper project with a Feasibility Study expected in Q3 2025, signing a binding LOI to acquire Canadian Gold Corp., and new high-grade gold discoveries at the Fox Complex's Froome West zone.
McEwen (NYSE:MUX) has scheduled its Q2 2025 financial results conference call for Thursday, August 7, 2025 at 11:00 AM EDT. The call will feature management's discussion of financial results and project developments, followed by a Q&A session where participants can ask questions directly.
Investors can join via toll-free numbers in North America (888-210-3454), international dial-in, or through the webcast link. The conference ID number is 3232920. An archived replay will be available approximately two hours after the event on the company's media page.
McEwen Inc. (NYSE: MUX) has entered into a binding letter of intent to acquire Canadian Gold Corp. (TSX-V:CGC) through a plan of arrangement. Under the proposed transaction, Canadian Gold shareholders will receive 0.0225 McEwen shares for each Canadian Gold share, representing a 26% premium to Canadian Gold's 30-day VWAP.
The deal's primary asset is Canadian Gold's Tartan Mine in Manitoba, a high-grade former gold producer with existing infrastructure. The mine previously produced 47,000 ounces of gold between 1987-1989. Post-transaction, Canadian Gold shareholders will own approximately 8.2% of the combined company.
The transaction requires 66⅔% approval from Canadian Gold shareholders and regulatory approvals. Closing is expected by the end of 2025, with potential production restart at Tartan Mine within 24-36 months.
McEwen (NYSE: MUX) has announced a significant discovery of high-grade gold mineralization approximately 200 meters West of the Froome Mine at its Fox Complex. The highlight intercept returned 36.0 g/t gold over 10.0 meters, including 160.0 g/t gold over 2.2 meters.
The Froome West mineralization consists of several sub-vertical, stacked mineralized lenses, similar in style to the Black Fox deposit. The mineralization remains open to the West and at depth, with mining infrastructure development already underway on four levels. The discovery's geology and mineralization style are comparable to the nearby Black Fox Mine, which historically produced nearly 1 million gold ounces down to 800 meters depth.
McEwen Mining (NYSE: MUX) announced the results of its 2025 Annual Meeting of Shareholders and an upcoming corporate name change. The company will change its name to McEwen Inc. effective July 7, 2025, while maintaining its current stock symbol and CUSIP number on both NYSE and TSX exchanges.
The meeting saw approximately 51.81% participation with 27,942,541 shares voted out of 53,934,510 eligible shares. Shareholders approved all proposed items, including the election of 11 directors, executive compensation, appointment of Ernst & Young LLP as auditor for FY2025, and the corporate name change. The name change resolution passed with 26,491,461 votes in favor.
McEwen Mining (NYSE: MUX) has announced significant drilling results from its Grey Fox Project at the Fox Complex. Key highlights include impressive gold intercepts at the Gibson Zone, with hole 25GF-1539 returning 12.4 g/t gold over 10.7m (including 27.9 g/t gold over 4.5m) and hole 25GF-1548 returning 4.0 g/t gold over 30.1m.
The current resource at Grey Fox consists of 1,538,000 gold ounces at 3.64 g/t Indicated and 458,000 gold ounces at 3.30 g/t Inferred. New drilling has identified a promising exploration corridor at depth, with hole 25GF-1537 returning multiple intersections including 6.2 g/t gold over 7.8m and 4.4 g/t gold over 16.0m. Additionally, drilling at the 147 Zone revealed high-grade results of 48.5 g/t gold over 0.8m.
The company also received the Closure Plan Permit for the Stock Project, enabling development and mining operations to begin in 2026.