Core Insights - Goliath Resources Limited has reported that strategic investor Rob McEwen has increased his ownership by exercising warrants for total proceeds of $1,214,285, bringing his ownership to 4,445,142 common shares, which is 2.6% of the total shares outstanding [1] - McEwen Inc. holds 5,181,347 common shares and has additional warrants that, if exercised, would increase their ownership to approximately 4.5% of Goliath [2] - The funds from the warrant exercise will enhance Goliath's financial position, as stated by the CEO Roger Rosmus [3] Company Overview - Goliath Resources is focused on precious metals exploration in the Golden Triangle of Northwestern British Columbia, controlling the Golddigger Property, which spans 91,518 hectares [3][10] - The Golddigger Property is strategically located near significant gold mines and geological features, including the Red Line, which is crucial for gold-copper-silver mineralization exploration [3] - Goliath has completed its largest drill campaign to date, totaling 64,364 meters in 2025, and is fully funded for another large drill program in 2026 [10] Geological and Metallurgical Insights - The Surebet discovery within the Golddigger Property shows promising metallurgy with gold recoveries of 92.2% from gravity and flotation methods, including 48.8% free gold [4] - The property is well-positioned for mining operations, with proximity to communities and existing infrastructure, including a permitted mill site and direct barge access to Prince Rupert [5][6] Research and Development - Goliath is a member of the Center to Advance the Science of Exploration to Reclamation in Mining (CASERM), which supports research in the mining sector and has facilitated high-level research on the Surebet Discovery [7][10]

TORONTO, Dec. 16, 2025 (GLOBE NEWSWIRE) -- McEwen Inc. (NYSE/TSX: MUX) (“McEwen” or the “Company”) is pleased to announce that the extension of its Environmental Impact Assessment (Manifestación de Impacto Ambiental) for the El Gallo Mine has been granted by the Mexican government. This approval is a critical step that will allow McEwen to begin Phase 1 Mill Construction. The Company is targeting mid-2026 for construction start, and mid-2027 for its first gold pour. McEwen has purchased the ball mill, which ...

Individual investor and financial analyst. I mostly cover energy and mining sector companies. When it comes to my investment approach I like businesses with some kind of competitive advantage and excellent future prospects. Particularly, I prioritize good cash flow generation along with a growing income and healthy margins, solid asset base and sustainable debt levels. All articles express my own opinions, they are not financial advice.Analyst’s Disclosure:I/we have no stock, option or similar derivative po ...

McEwen ( MUX ) is a complicated mining company. A share in the company buys you exposure to some low quality gold mines, possible exploration potential, and a piece of a top-tier copper project. The company wholly owns andI am a scientist by training, but today work in a primarily business role within the mining industry. I've been investing since I was a child, when my father first gave me an account as a way to teach me the basics (which incidentally, would've gone better had I been allowed to put it all ...

TORONTO, Dec. 08, 2025 (GLOBE NEWSWIRE) -- McEwen Inc. (NYSE/TSX: MUX) (“McEwen” or the “Company”) is advancing three key areas at its Gold Bar Mine Complex in the Eureka Mining District of Nevada, to increase resources, extend mine life and potentially increase annual gold production: 1) Lookout Mountain 2) Windfall, and now 3) Unity Ridge (Figure 1). The Company believes that integrating these areas into the mine plan has the potential to transform the Gold Bar Mine Complex into a long-life asset. Recent ...

Flin Flon, Manitoba--(Newsfile Corp. - December 5, 2025) - Canadian Gold Corp. (TSXV: CGC) ("Canadian Gold") is pleased to announce that at a special meeting of its shareholders (the "Meeting") held on December 5, 2025, shareholders overwhelmingly approved the special resolution authorizing the previously announced business combination with McEwen Inc. (NYSE: MUX) (TSX: MUX) ("McEwen") to be completed by way of statutory plan of arrangement (the "Arrangement") under the Business Corporations Act (British C ...

Core Insights - McEwen Inc. has announced new drill results from its Froome Mine, indicating significant geological potential and active drilling to expand results [1][2] Group 1: Drill Results and Mineralization - The recent drill results have extended high-grade gold mineralization by 100 meters vertically, marking a 45% increase since July 2025 [2] - Gold mineralization has been extended up to 50 meters west, which may increase the number of defined ounces per vertical meter, thereby lowering future production costs [5] - Some of the deepest intersections confirm that gold mineralization remains open at depth, suggesting additional resources exist below the current planned limit of the mine [4] Group 2: Economic Implications - The potential to extend Froome's mine life and improve economics is highlighted, with mining expected to commence in H1 2026 in areas near recently completed underground infrastructure [6][9] - Greater mining flexibility is anticipated, enabling higher production and lower costs, with mill feed from multiple sources expected from H2 2026 [9] Group 3: Future Plans - Surface diamond drilling will continue into Q1 2026 to further define the mineralization that remains open to the west and at depth [17] - An updated resource estimate for Froome West is planned for publication at the end of February 2026 [17]

McEwen Mining Inc. (NYSE:MUX) is one of the best silver mining stocks to invest in right now. On November 7, H.C. Wainwright maintained a Buy rating and a $21.50 per share price target on McEwen Mining Inc. (NYSE:MUX) stock. The analyst, Heiko Ihle, rested his thesis on McEwen’s steps toward growth and building value, driven by high metal prices and wins in exploration work. Ihle sees the company making good use of current strong gold and silver prices to improve cash flow, even with some dips in output, a ...

Production and Guidance - McEwen Inc. reported Q3 2025 production of 8,191 GEOs from the Gold Bar Mine, leading to a revised annual production guidance of 32,000 to 35,000 GEOs, down from 40,000 to 45,000 GEOs[7] - The Fox Complex produced 6,386 GEOs, with annual production guidance lowered to 25,000 to 28,000 GEOs from 30,000 to 35,000 GEOs[8] - Consolidated production for Q3 2025 was 29,662 GEOs, down from 35,180 GEOs in Q3 2024, with revised full-year guidance set at 112,000–123,000 GEOs[37] - Attributable production in Q3 was 14,986 GEOs, with cash costs per GEO sold at $2,196 and AISC at $2,771, influenced by high inflation and increased contractor use[24] Financial Performance - Revenue decreased by 3% to $50.5 million from the sale of 14,968 GEOs, with an average realized gold sale price of $3,477 per GEO, 39% higher than Q3 2024[8] - Adjusted EBITDA increased 12% to $11.8 million or $0.22 per share compared to $10.5 million or $0.20 per share in Q3 2024[8] - The company reported a net loss before income and mining taxes of $1,731,000 for the three months ended September 30, 2025, compared to a loss of $1,267,000 in the same period of 2024[51] - Adjusted EBITDA for the three months ended September 30, 2025, was $11,815,000, up from $10,489,000 in the same period of 2024, reflecting a growth of 12.7%[51] Cost Structure - Cash costs per GEO sold were $2,540, and AISC was $2,852, leading to increased annual cost guidance to $2,050 to $2,150 cash costs and $2,400 to $2,500 AISC[7] - Cash cost per ounce sold for the three months ended September 30, 2025, was $2,366, compared to $1,390 for the same period in 2024, indicating a significant increase of 70.2%[49] - All-in sustaining costs (AISC) per ounce sold for the three months ended September 30, 2025, were $2,639, up from $1,895 in the same period of 2024, marking a rise of 39.2%[49] - Production costs applicable to sales for the three months ended September 30, 2025, totaled $35,186,000, compared to $29,682,000 for the same period in 2024, representing an increase of 18.9%[49] Future Projects and Investments - McEwen Inc. plans to double production to 250,000 to 300,000 GEOs annually by 2030, with the Fox Complex expected to contribute approximately 50% of this goal[2] - The Stock Mine at the Fox Complex is expected to begin production by mid-2026, with a projected six-year life[4] - El Gallo Phase 1 production is targeted for mid-2027, with an expected annual output of up to 20,000 GEOs once commercial production is achieved[4] - McEwen Copper's Los Azules project is set to commence detailed engineering, with construction targeted for early 2027, based on a feasibility study indicating a 21-year mine life[5] - Phase 1 of the El Gallo gold reprocessing project is anticipated to produce approximately 20,000 GEOs annually for 10 years, with remaining capital costs estimated at $25 million[22] Strategic Acquisitions and Partnerships - McEwen signed a definitive agreement to acquire Canadian Gold Corp., expected to close in early January 2026, aimed at increasing resource base and future production[36] - McEwen acquired 31% of Paragon Geochemical Laboratories for CDN$15.3 million, enhancing capabilities in gold and silver assaying through PhotonAssay™ technology[36] - Recent acquisition of E company is expected to contribute an additional F million in annual revenue[63] - New strategic partnerships are being formed to leverage synergies and enhance competitive positioning in the market[63] Market Outlook and Growth Strategies - Future outlook includes a projected revenue growth of A% for the next fiscal year, driven by new product launches and market expansion strategies[63] - The company plans to expand its market presence in regions B and C, targeting a market share increase of D%[63] - McEwen is considering reactivating a gold and silver mine in Mexico, expanding its production capabilities in the Americas[56] - Overall, McEwen Mining remains focused on sustainable growth and maximizing shareholder value through strategic initiatives[63] Environmental and Regulatory Aspects - The Los Azules Copper Project received RIGI approval, providing 30 years of legal and fiscal stability, including a reduced corporate income tax rate of 25%[26][27] - The feasibility study for Los Azules indicates a $2.9 billion NPV at an 8% discount rate, with a 19.8% IRR and a payback period of 3.9 years[32] - The Los Azules copper project aims to achieve carbon neutrality by 2038, with its feasibility study results announced on October 7, 2025[58] Social Media and Engagement - User data indicates a growing engagement on social media platforms, with a notable increase in followers across Facebook and LinkedIn[63] - McEwen Mining is investing in R&D for innovative mining technologies, aiming to enhance operational efficiency and reduce costs[63]

Financial Data and Key Metrics Changes - The company reported a net loss of $500,000, or $0.01 per share, compared to a loss of $2.1 million, or $0.04 per share, in the same period last year [17] - Adjusted EBITDA was $11.8 million, or $0.22 per share, compared to $10.5 million, or $0.20 per share, in the corresponding period [17] - The company ended the quarter with $51 million in cash and $24 million in marketable securities, with the cash balance relatively unchanged from the prior quarter [18] Business Line Data and Key Metrics Changes - McEwen Copper advanced the Los Azules project, which is now considered a bankable Tier 1 asset, benefiting from Argentina's Large-Scale Investment Incentive Program [12][13] - The feasibility study for Los Azules indicated a production process designed for low environmental impact, with a projected after-tax NPV of $2.9 billion and an IRR of 19.8% [14] Market Data and Key Metrics Changes - Gold prices are currently just below $4,000 per ounce, up 45% year-over-year, while silver is up 47% and copper is close to $5, up 13% [2] - The company anticipates that the intermediate and long-term prices for metals will be considerably higher, positioning itself favorably in the current market environment [2] Company Strategy and Development Direction - The company aims to achieve an annual production of 250,000-300,000 gold-equivalent ounces by 2030, alongside the development of the Los Azules copper mine [3] - The company is optimistic about the exploration potential of its mining rights, having identified eight significant targets within its holdings [14][15] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in overcoming temporary setbacks and emphasized the importance of the current favorable metal prices in supporting growth plans [2][3] - The approval of the REGI program for Los Azules is seen as a significant endorsement, providing stability and competitive tax rates for the project [12][13] Other Important Information - The company is set to close the acquisition of Canadian Gold Corp in January, with an updated resource estimate expected by the end of February [6] - Exploration activities are ongoing, with a focus on optimizing the Tartan project and its synergies with other properties [7] Q&A Session Summary Question: Can you elaborate on the vertical integration strategy and potential targets? - The company is exploring vertical integration opportunities, particularly in assay labs, to enhance efficiency and reduce turnaround times for assays [29][30] Question: What is the outlook for Gold Bar production next year? - Management indicated that the recent issues were temporary and that production guidance for next year will be announced shortly [35][36] Question: What is the timeline for the Canadian Gold Corp merger and subsequent resource estimates? - The merger is expected to close in early January, with a resource estimate and preliminary economic assessment to follow [45][46] Question: How does the company estimate its proven resources? - The company estimates its resources similarly to industry standards, with approximately 4.2 million ounces across all operations [53] Question: What is the expected timeline for the Los Azules IPO? - The IPO is now targeted for sometime next year, with expectations of a higher price than the last financing due to the project's attractiveness [68][70]