MUX · McEwen Mining Inc.

Summary

McEwen Inc. issued a press release reporting a Mineral Resource Estimate for the Tartan Mine Project of 308,900 Indicated gold ounces and 302,700 Inferred gold ounces, calculated at a US$3,000 per ounce gold price. This supports the company's goal of doubling production to 250,000-300,000 gold ounces by 2030, with initial Tartan production averaging approximately 30,000 ounces annually at 500 tpd.

Key takeaways

• Indicated Resources: 308,900 gold ounces (2,619,000 tonnes @ 3.67 gpt gold)
• Inferred Resources: 302,700 gold ounces (2,832,900 tonnes @ 3.32 gpt gold)
• Exploration budget: $6 million in 2026 to expand resource
• Initial annual production target: approximately 30,000 gold ounces at 500 tpd
• Potential production expansion: 45,000-55,000 ounces per year at 1,000 tpd
• Mineral Resource Estimate effective date: December 31, 2025