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. (NYSE/TSX: MUX) generates a steady flow of news related to gold, silver and copper projects across the Americas. This page aggregates company announcements, operational updates and technical disclosures so readers can follow how McEwen advances its mines and development assets.
Recent news highlights include exploration and development activity at the Gold Bar Mine Complex in Nevada, where drilling at areas such as Lookout Mountain, Windfall and Unity Ridge is aimed at increasing oxide gold resources, extending mine life and potentially increasing annual production. In Ontario’s Timmins district, McEwen reports drill results from the Froome Mine and the Froome West discovery within the Fox Complex, as well as extensive drilling and technical work at Grey Fox and nearby properties.
Updates also cover the company’s efforts to reactivate the El Gallo gold and silver mine in Mexico, including the extension of its Environmental Impact Assessment to support Phase 1 mill construction and later access to in-situ silver deposits. In Canada, McEwen has completed the acquisition of Canadian Gold Corp., adding the Tartan Mine Project near Flin Flon, Manitoba, and has reported high-grade drill intercepts that will feed into an updated mineral resource estimate.
In Argentina, news releases describe progress at the Los Azules copper project, including feasibility study results and participation in Argentina’s Large Investment Incentive Regime. McEwen also issues news on strategic investments such as its planned 31% interest in Paragon Geochemical Laboratories and its stake in Paragon Advanced Labs Inc., both linked to PhotonAssay™ technology. Investors can use this news feed to monitor drilling results, technical studies, acquisitions, permitting milestones, financing transactions and corporate developments affecting MUX.
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McEwen Copper Inc., a 52%-owned subsidiary of McEwen Mining (NYSE: MUX), announced significant drilling results from the Los Azules Project in Argentina. Highlights include:
- 0.50% Cu over 502 m, including 0.87% Cu over 172 m (AZ22181).
- 1.00% Cu over 282 m, including 1.40% Cu over 172 m (AZ22186).
- 0.66% Cu over 500 m, including 0.92% Cu over 276 m (AZ22184A).
The ongoing drilling program aims to upgrade resource classifications and provide data for a feasibility study by late 2024. McEwen Copper is utilizing 13 drills with local supplier engagement to enhance operational efficiency.
McEwen Mining (NYSE: MUX) reported its Q4 and full year results for 2022, marking a transition year with a 22% increase in gold production at the Fox Complex. The company incurred a consolidated net loss of $81.1 million, primarily due to investment in advanced projects. McEwen Copper secured investments from Stellantis and Nuton, raising its valuation to approximately $550 million. For 2023, production guidance is set at 150,000 to 170,000 GEOs. The Fox Complex's production efficiency improved, while Gold Bar faced a production decrease of 39% due to ore challenges. The company plans aggressive exploration to enhance production and reduce costs.
McEwen Mining Inc. (NYSE: MUX) has scheduled a conference call to discuss its Q4 and year-end 2022 financial results on March 14, 2023, at 11:00 AM EST. Participants can ask questions during the live event, which will cover financial outcomes and project developments. An archived replay will be accessible shortly after the event. McEwen Mining is a producer of gold and silver with operations in Nevada, Canada, Mexico, and Argentina, and holds about 52% of McEwen Copper. The company aims to enhance its asset productivity to boost share value, backed by significant personal investments from its Chairman.
McEwen Copper, 52%-owned by McEwen Mining (NYSE: MUX), announced promising copper exploration results from its Los Azules Project in Argentina. Drill hole AZ22174 showed a significant 1,052 meters of 0.29% Cu, including 480 meters averaging 0.42% Cu. Additional results from hole AZ23191 highlighted 236 meters of 1.39% Cu and 0.19 g/t Au, with 42 meters at 2.78% Cu. Over 25,000 meters of drilling is planned for 2023, aimed at upgrading resource classifications for a 2024 Feasibility Study. The positive assay results bolster the project's potential, demonstrating continuity in mineralization and de-risking geological models.