McEwen Inc. (NYSE: MUX) (TSX: MUX) has announced final drill results that will be incorporated into an updated Mineral Resource Estimate for the Tartan Mine Project near Flin Flon, Manitoba. The updated estimate is expected by the end of February and will support future planning as the company targets doubling gold production by 2030. Recent highlights include an intercept of 7.5 grams per tonne gold over 18.9 metres, extending high-grade mineralization along the Western Flank beyond previously reported results and indicating strong potential to further expand the resource as the Main Zone widens at depth while maintaining robust gold grades.
The drill results demonstrate the continued growth potential of the Tartan Mine, which is a key asset in McEwen's portfolio. The company's focus on expanding resources aligns with its strategic objective to increase gold production significantly over the next several years. McEwen shares trade on both the NYSE and TSX under the ticker MUX.
McEwen provides its shareholders with exposure to a growing base of gold and silver production in addition to a very large copper development project, all in the Americas. The gold and silver mines are located in prolific mineral-rich regions, including the Cortez Trend in Nevada, USA; the Timmins district of Ontario, Canada; and the Deseado Massif in Santa Cruz province, Argentina. The company is also considering reactivating a gold and silver mine in Mexico.
The company holds a 46.4% interest in McEwen Copper, which owns the large, long-life, advanced-stage Los Azules copper development project in San Juan province, Argentina. According to the last financing for McEwen Copper, the implied value of McEwen's ownership interest is US$456 million. The Los Azules copper project is designed to be one of the world's first regenerative copper mines and aims to be carbon neutral by 2038. Its Feasibility Study results were announced in a press release dated October 7, 2025.
Chairman and Chief Owner Rob McEwen has invested over US$200 million personally and takes a salary of $1 per year, aligning his interests with shareholders. He is a recipient of the Order of Canada, a member of the Canadian Mining Hall of Fame, and a winner of the EY Entrepreneur of the Year (Energy) award. His objective is to build MUX's profitability, share value, and eventually implement a dividend policy, as he did while building Goldcorp Inc.
For the full press release, visit https://ibn.fm/mB9c3. The latest news and updates relating to MUX are available in the company's newsroom at https://ibn.fm/MUX.
