McEwen Inc. announced final drill results to be included in an updated Mineral Resource Estimate for the Tartan Mine Project near Flin Flon, Manitoba, expected by the end of February. The results will support future planning as the company targets doubling gold production by 2030. A recent intercept of 7.5 grams per tonne gold over 18.9 metres extends high-grade mineralization along the Western Flank beyond previously reported results. This indicates strong potential to further expand the resource as the Main Zone widens at depth while maintaining robust gold grades.
The company holds a 46.4% interest in McEwen Copper, which owns the 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 carbon neutral by 2038. Its Feasibility Study results were detailed in a press release available at https://ibn.fm/mB9c3.
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. His objective is to build the company's profitability, share value and eventually implement a dividend policy. The latest news and updates relating to McEwen Inc. are available in the company's newsroom at https://ibn.fm/MUX.
The announcement provides shareholders with exposure to a growing base of gold and silver production in addition to a large copper development project, all located in the Americas. The gold and silver mines are 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.
These developments are significant for investors and the mining industry as they demonstrate continued resource expansion potential in established mining districts. The Tartan Mine results suggest that high-grade mineralization extends beyond previously known boundaries, which could substantially increase the project's economic viability. Meanwhile, the Los Azules copper project represents a major strategic asset in Argentina's copper-rich San Juan province, positioning McEwen to benefit from growing global copper demand driven by electrification and renewable energy transitions.
