McEwen Inc. (NYSE: MUX) (TSX: MUX) has released final drill results that will be included in an updated Mineral Resource Estimate for the Tartan Mine Project near Flin Flon, Manitoba. The company expects to complete this updated estimate by the end of February, which will support future planning as McEwen targets doubling gold production by 2030. These results come at a critical time for the mining industry as companies seek to expand resources amid growing global demand for precious metals.
Recent drilling 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. This discovery indicates strong potential to further expand the resource as the Main Zone widens at depth while maintaining robust gold grades. The continued expansion of mineralization at depth suggests the Tartan Mine Project may contain more substantial resources than initially estimated, potentially extending the mine's operational life and increasing its economic viability.
The company's broader portfolio includes gold and silver mines in prolific mineral-rich regions, including the Cortez Trend in Nevada, the Timmins district of Ontario, and the Deseado Massif in Santa Cruz province, Argentina. McEwen is also considering reactivating a gold and silver mine in Mexico, demonstrating the company's strategic approach to resource development across the Americas. This diversified approach to mining operations provides stability against regional market fluctuations and operational challenges.
McEwen maintains 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, aligning with growing environmental, social, and governance (ESG) considerations in the mining sector. The project's Feasibility Study results were announced in a press release dated October 7, 2025, providing detailed technical and economic analysis of the development.
Chairman and Chief Owner Rob McEwen has invested over US$200 million personally in the company and takes a salary of $1 per year, aligning his interests with shareholders. His objective is to build McEwen's profitability, share value and eventually implement a dividend policy, as he did while building Goldcorp Inc. This leadership approach provides confidence to investors that management priorities align with shareholder returns. The latest news and updates relating to McEwen are available in the company's newsroom at https://ibn.fm/MUX.
The announcement of these drill results and the upcoming Mineral Resource Estimate update represents a significant step in McEwen's strategic plan to increase gold production. For the mining industry, successful resource expansion at established projects like Tartan Mine demonstrates that existing mining districts can continue to yield valuable discoveries through targeted exploration. For investors, the potential resource growth supports the company's production targets and long-term value creation strategy. The combination of precious metals production with a significant copper development project positions McEwen to benefit from multiple commodity cycles while addressing the global transition to renewable energy through copper supply.
