McEwen Inc Stock Price, News & Analysis

McEwen (NYSE: MUX) reported new drill results at the Gold Bar Mine Complex, Nevada, highlighting a best hole at Windfall that returned 5.55 gpt Au over 44.2 m including 48.38 gpt over 4.6 m of oxide mineralization. Definition drilling shows continuity of near-surface oxide gold along a 1.6 km Windfall fault zone and multiple holes indicate the system remains open at depth. The company plans a March program to target deeper extensions, will publish an updated Lookout Mountain Mineral Resource Estimate at the end of February, and has budgeted $10 million for Gold Bar exploration in 2026 to support initial MREs for Windfall and Unity Ridge and advance development work toward a production decision.

McEwen (NYSE: MUX) reported a 2025 Year-End Mineral Resource Estimate for the Grey Fox Project totaling 1.89M Indicated oz (19.47 Mt @ 3.02 g/t) and 436k Inferred oz (5.10 Mt @ 2.66 g/t) using US$3,000/oz. Indicated ounces rose +23% vs. 2024. The estimate uses combined open pit and underground shells with OP cut-off 0.4 g/t and UG cut-off 1.35 g/t; effective date 11-Jul-2025.

Near-term catalysts include a Q2 2026 Pre-Feasibility Study (PFS), potential early underground mining at Gibson and Whiskey Jack, validation and future incorporation of the adjacent Stroud historical ~270k oz resource, and a planned $5–$10M 2026 drill program.

McEwen (NYSE: MUX) announced final drill results to be included in an updated Mineral Resource Estimate for the Tartan Mine Project (acquired Jan 5, 2026). Key intercepts include 7.5 gpt gold over 18.9 metres, plus previously released 12.3 gpt/14.0 m and 8.2 gpt/9.9 m. The Main Zone strike has widened from ~100 m to 150 m at depth and mineralization was extended ~30 m west over an 80 m vertical interval. McEwen budgets $3 million for 2026 exploration and expects an updated resource by end-February to support plans to double production by 2030.

McEwen (NYSE/TSX:MUX) and Canadian Gold (TSX-V:CGC) completed their previously announced statutory plan of arrangement, effective Jan 5, 2026 at 8:00 a.m. Vancouver time.

Under the Arrangement each Canadian Gold share is being exchanged for 0.0225 McEwen shares. Canadian Gold shares are expected to be delisted from the TSX Venture Exchange effective close of market on Jan 7, 2026, and Canadian Gold will apply to cease reporting issuer status.

An Amending Agreement changes all Canadian Gold shares held by Rob McEwen to subscription receipts that convert to McEwen shares only upon shareholder approval at McEwen's next annual meeting; if not approved, those receipts will be satisfied in cash. McEwen said it expects an updated resource estimate by end of February 2026 and will accelerate exploration and permitting at Tartan.

McEwen (NYSE: MUX) received an extension of its Environmental Impact Assessment for the El Gallo mine, clearing the way for Phase 1 mill construction targeted for mid-2026 and a first gold pour targeted mid-2027. The company has purchased the ball mill, which is onsite, and estimates remaining capital costs of $25 million to complete construction. Phase 1 is expected to produce about 20,000 GEOs annually from reprocessing material on a historical leach pad. Work on Phase 2 has begun to access in-situ silver deposits that could extend mine life beyond the initial 10 years. Historical silver resources total 53.1 Moz Measured & Indicated and 31 Moz Inferred, but these estimates are historical and will be updated in 2026.

McEwen (NYSE: MUX) reports successful 2025 exploration at its Gold Bar Mine Complex (Eureka, Nevada), targeting Lookout Mountain, Windfall and Unity Ridge to extend mine life and raise annual gold production potential. Key drill highlights include 1.0 g/t Au over 89.9 m (LM045), 4.6 g/t Au over 26.7 m (WF055) and 3.6 g/t Au over 48.8 m (GB660). Lookout Mountain carries a 2023 resource estimate of 423,000 oz Au Measured & Indicated and 84,000 oz Au Inferred. Next steps include a year-end updated resource, metallurgical testing, pit design work and permitting, with further 2026 drilling and studies planned to advance development.

McEwen (NYSE: MUX) reported new Froome West drill results showing continued high‑grade gold and expansion potential at the Froome Mine, Fox Complex, Timmins, Ontario.

Key facts: vertical extension +100 m (45% increase) since July 2025; notable intercepts include 23.5 gpt over 3.7 m and 7.7 gpt over 20.4 m (true widths); mineralization remains open at depth and to the West; four drills active and underground access established on four levels with mining commenced in upper zones.

Company plans an updated Froome West resource estimate by end of Feb 2026 and continued surface drilling into Q1 2026.

McEwen (NYSE/TSX: MUX) reported Q3 2025 results and released a plan to double consolidated production to 250,000–300,000 GEOs by 2030 through advances at Fox Complex, Gold Bar Complex and El Gallo. Q3 revenue fell to $50.5M on sales of 14,968 GEOs, while adjusted EBITDA rose 12% to $11.8M. Management cut 2025 full‑year production guidance to 112,000–123,000 GEOs and raised full‑year cash cost guidance for 100% assets to $2,028–$2,128/oz and AISC to $2,356–$2,456/oz. Key developments: Stock Mine mid‑2026 start, El Gallo Phase 1 targeted mid‑2027, Grey Fox resource update in Q4 2025, Los Azules feasibility and RIGI benefits secured. Cash was $51.2M and debt principal $130.0M at Sept 30, 2025.

McEwen (NYSE: MUX) will hold a conference call to discuss its Q3 2025 financial results on Thursday, November 6, 2025 at 11:00 AM EST.

Management will review financial results and project developments and will host a live question-and-answer session allowing participants to ask questions by phone during the webcast.

Dial-in options include Toll Free North America (888) 210-3454 and Toll Dial-In (646) 960-0130; the conference ID is 3232920. A live webcast and an archived replay (available ~two hours after the call) are accessible via the company media page and the provided webcast link.