32% Increase in the Indicated Resource to 1,538,000 Ounces of Gold 95% Increase in the Inferred Resource to 458,000 Ounces of Gold TORONTO, Feb. 04, 2025 (GLOBE NEWSWIRE) -- McEwen Mining Inc. (NYSE:MUX) (TSX:MUX) is providing minor corrections to yesterday's press release. Please note that the resource statements remain unchanged. The corrections are related to Table 2 numbers, specifically the percentage differences between 2021 and December 2024. In addition, the price of gold used in 2021 was $1,725, n ...

32% Increase in the Indicated Resource to 1,538,000 Ounces of Gold 95% Increase in the Inferred Resource to 458,000 Ounces of Gold TORONTO, Feb. 04, 2025 (GLOBE NEWSWIRE) -- McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) is providing minor corrections to yesterday’s press release. Please note that the resource statements remain unchanged. The corrections are related to Table 2 numbers, specifically the percentage differences between 2021 and December 2024. In addition, the price of gold used in 2021 was $1,725, ...

32% Increase in the Indicated Resource to 1,538,000 Ounces of Gold 95% Increase in the Inferred Resource to 458,000 Ounces of Gold TORONTO, Feb. 03, 2025 (GLOBE NEWSWIRE) -- McEwen Mining Inc. (NYSE:MUX) (TSX:MUX) is pleased to report a significant increase in the estimated gold (Au) resources at the Fox Complex's Grey Fox deposit to December 31st, 2024, compared to the last estimate in the 2021 Fox Complex PEA (refer to Table 1). The discovery cost of this increase was US $14.46 per ounce (oz). The deposit ...

32% Increase in the Indicated Resource to 1,538,000 Ounces of Gold 95% Increase in the Inferred Resource to 458,000 Ounces of Gold TORONTO, Feb. 03, 2025 (GLOBE NEWSWIRE) -- McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) is pleased to report a significant increase in the estimated gold (Au) resources at the Fox Complex’s Grey Fox deposit to December 31st, 2024, compared to the last estimate in the 2021 Fox Complex PEA (refer to Table 1). The discovery cost of this increase was US $14.46 per ounce (oz). The depos ...

Core Viewpoint - McEwen Mining Inc. reported a consolidated production of 135,900 gold equivalent ounces (GEOs) for the full year 2024, which is within the guidance range provided earlier [1][2]. Production Summary - Gold Bar Mine produced 44,600 GEOs, exceeding the guidance range of 40,000 - 43,000 GEOs [2][3]. - San José Mine produced 60,100 GEOs, also slightly above the guidance range of 50,000 - 60,000 GEOs [2][3]. - Fox Complex produced 30,150 GEOs, which was below the annual guidance of 40,000 - 42,000 GEOs due to a stope failure [2][3]. 2025 Production and Cost Guidance - For 2025, consolidated production is expected to be between 120,000 and 140,000 GEOs, with the lower end influenced by the transition of production at the Fox Complex [4]. - Cash costs per GEO for 2025 are projected to be between $1,550 and $1,750, while all-in sustaining costs (AISC) are expected to range from $1,800 to $2,000 [3][4]. Operational Insights - At Fox Complex, development delays are anticipated to affect production, with commercial production from the Stock project now expected in early 2026 [5]. - Gold Bar Mine is expected to have lower production in the first half of 2025 due to ongoing waste stripping, which is projected to improve ore availability in the latter half of the year [6]. Company Overview - McEwen Mining operates in Nevada, Canada, Mexico, and Argentina, and also holds a 46.4% stake in McEwen Copper, which owns the Los Azules copper project in Argentina [10]. - The company aims to enhance productivity and asset life to increase share price and provide investor yield [10].

Company Performance - McEwen (MUX) has shown a year-to-date performance increase of approximately 5.1%, outperforming the average loss of 12.4% in the Basic Materials sector [4] - The Zacks Consensus Estimate for McEwen's full-year earnings has increased by 72.7% over the past quarter, indicating improved analyst sentiment and a stronger earnings outlook [3] Sector and Industry Context - McEwen is part of the Basic Materials sector, which consists of 235 individual stocks and ranks 9 in the Zacks Sector Rank [2] - Within the Mining - Miscellaneous industry, McEwen is one of 60 companies and currently holds a position at 91 in the Zacks Industry Rank [5] Comparative Analysis - Another stock in the Basic Materials sector, Equinox Gold (EQX), has a year-to-date return of 3.4%, indicating that McEwen is performing better than this peer as well [4] - Both McEwen and Equinox Gold have a Zacks Rank of 2 (Buy), suggesting a favorable outlook for both stocks [3][5]

TORONTO, Dec. 03, 2024 (GLOBE NEWSWIRE) -- McEwen Copper Inc., a subsidiary of McEwen Mining Inc. (NYSE: MUX) (TSX: MUX), is pleased to announce the approval of the Environmental Impact Assessment (EIA) for its Los Azules copper project. The Environmental Impact Statement (EIS), which is the ministerial resolution approving the EIA, is a key permitting milestone on the way to feasibility, construction and future operation. This EIS, which is issued by the San Juan Provincial Government's Ministry of Mines, ...

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Company Overview - McEwen Mining Inc. is a gold and silver producer with operations in Nevada, Canada, Mexico, and Argentina [3] - The company owns a 46.4% interest in McEwen Copper, which is developing the Los Azules copper project in Argentina [3] - The objective of the company is to improve productivity and asset life to increase share price and provide investor yield [3] Financial Results Announcement - McEwen Mining will hold a conference call on November 6, 2024, at 11:00 AM EST to discuss Q3 2024 financial results and project developments [1] - Participants can ask questions directly over the phone during the webcast [1] - An archived replay of the webcast will be available approximately 2 hours after the live event [2]

Group 1 - The stock of McEwen Mining (MUX) closed at $10.38, showing a 7.7% gain over the past four weeks, with a mean price target of $13.25 indicating a potential upside of 27.7% [1] - Analysts have set short-term price targets for MUX ranging from a low of $12 to a high of $15, with a standard deviation of $1.56, suggesting a variability in estimates; the lowest estimate indicates a 15.6% increase, while the highest points to a 44.5% upside [2] - There is a strong consensus among analysts that MUX will report better earnings than previously estimated, which historically correlates with potential stock price increases [4][9] Group 2 - The Zacks Consensus Estimate for MUX's current year earnings has increased by 9.3% over the last 30 days, with no negative revisions, indicating positive sentiment among analysts [10] - MUX holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimates, suggesting a favorable outlook for the stock [11] - While price targets can be misleading, the direction implied by the consensus price target appears to be a useful guide for potential price movement [8][11]