McEwen Inc. (NYSE: MUX) (TSX: MUX) has 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 additional upside potential through further drilling across multiple zones and adjacent properties. The announcement underscores the company’s strategy to ramp up gold production, aiming for 250,000 to 300,000 ounces annually by 2030.
Initial output at Tartan is expected to average approximately 30,000 ounces per year, with potential expansion to 45,000–55,000 ounces annually through increased mill capacity. The company is advancing exploration, metallurgical testing, and mine planning initiatives to unlock further value. The Tartan Mine is part of McEwen’s broader portfolio, which includes gold and silver operations in Nevada, Ontario, Manitoba, and Argentina, as well as a significant copper development project.
McEwen holds a 46.3% interest in McEwen Copper, which owns the Los Azules copper project in Argentina, designed to be carbon neutral by 2038. The company also recently acquired a 27.3% stake in Paragon Advanced Labs Inc., which deploys PhotonAssay technology for precious and base metals assaying. Chairman Rob McEwen has invested over US$250 million personally and takes a salary of $1 per year, aligning his interests with shareholders.
The full press release is available at https://ibn.fm/RYFYO. For more information about McEwen, visit https://ibn.fm/MUX.
