McEwen Inc. announced new drill results from the Gold Bar Mine Complex in Nevada's Eureka Mining District, highlighted by the best hole drilled by the company to date at the Windfall deposit. The results show 5.55 grams per tonne gold over 44.2 meters, including 48.38 grams per ton gold over 4.6 meters of oxide mineralization. Recent and historical results demonstrate strong grade continuity over long intervals and indicate that higher-grade mineralization remains open at depth. This has prompted planned drilling to test deeper extensions in March as Windfall, Lookout Mountain and Unity Ridge advance toward production. These developments support McEwen's strategy to double gold production by 2030.
The Windfall results represent a significant step forward for McEwen's Nevada operations, with the high-grade intercepts suggesting potential for expanding the resource base and extending mine life. The continuity of mineralization over substantial intervals provides confidence in the geological model and supports the economic viability of bringing these deposits into production. As the company moves forward with its March drilling program, investors will be watching closely for further confirmation of the deposit's potential and progress toward the 2030 production doubling target. The company's broader portfolio includes a 46.4% interest in McEwan 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 carbon neutral by 2038. Its Feasibility Study results were announced in the press release dated October 7, 2025, available at https://ibn.fm/93kZ1. McEwen provides its shareholders with exposure to a growing base of gold and silver production in addition to the 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, 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.
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 MUX's profitability, share value and eventually implement a dividend policy, as he did while building Goldcorp Inc. The latest news and updates relating to MUX are available in the company's newsroom at https://ibn.fm/MUX. The announcement matters because it demonstrates tangible progress in McEwen's core Nevada assets, directly supporting its ambitious production growth target. The high-grade results at Windfall improve the project's economics and de-risk the path to production, potentially enhancing shareholder value. Furthermore, the company's dual focus on near-term gold production expansion and long-term, sustainable copper development in Argentina positions it uniquely in the mining sector, offering investors exposure to both precious and base metals in stable jurisdictions.
