McEwen Inc. (NYSE: MUX) (TSX: MUX) reported a mineral resource estimate for its Tartan Mine Project in Manitoba, totaling 308,900 indicated gold ounces and 302,700 inferred gold ounces, with potential for expansion through further drilling across multiple zones and adjacent properties. The announcement underscores the company's strategic progress toward its target of achieving 250,000 to 300,000 ounces of annual gold production by 2030.
The Tartan Mine is expected to contribute initial output averaging approximately 30,000 ounces per year, with potential to increase to 45,000 to 55,000 ounces annually through expanded mill capacity. The company is also conducting ongoing exploration, metallurgical testing, and mine planning to further define the resource base. This development is significant as it adds a new production source to McEwen's portfolio, which already includes gold and silver mines in Nevada, Ontario, Manitoba, and Argentina.
McEwen's broader strategy includes advancing its large copper development project, Los Azules, in Argentina, in which the company holds a 46.3% interest. The project is designed to be one of the world's first regenerative copper mines and aims for carbon neutrality by 2038. The feasibility study results for Los Azules were announced in an October 7, 2025 press release.
Additionally, McEwen recently acquired a 27.3% stake in Paragon Advanced Labs Inc., a company deploying PhotonAssay units globally, a technology expected to become a new industry standard for assaying precious and base metals. The company's chairman, Rob McEwen, has personally invested over US$250 million and takes a salary of $1 per year, aligning his interests with shareholders.
The Tartan Mine resource estimate is a key step in McEwen's plan to increase production and profitability, with the ultimate goal of implementing a dividend policy. The company's shares trade on the NYSE and TSX under the ticker MUX. For more information, visit the company's newsroom at https://ibn.fm/MUX.
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