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Step-Out Drilling At McEwen's Newly Acquired Tartan Mine Project Returns Meaningful Results Along Western Flank: 7.5 gpt Gold Over 18.9 Metres
Globenewswire· 2026-01-13 11:00
TORONTO, Jan. 13, 2026 (GLOBE NEWSWIRE) -- McEwen Inc. (NYSE/TSX: MUX) (“McEwen” or the “Company”) is pleased to announce the final drill results to be included in the upcoming Mineral Resource Estimate for the Tartan Mine Project, near Flin Flon, Manitoba (Fig. 1). McEwen completed the acquisition of Tartan on January 5, 2026, through the purchase of Canadian Gold Corp. The updated Mineral Resource Estimate is expected to be released by the end of February and will be used to develop future plans as the Co ...
McEwen Completes the Acquisition of Canadian Gold Corp. Under a Statutory Plan of Arrangement
Yahoo Finance· 2026-01-08 10:01
McEwen Inc. (NYSE:MUX) is one of the 9 Best Junior Gold Mining Stocks to Buy Now. On January 6, McEwen Inc. (NYSE:MUX) completed its acquisition of Canadian Gold Corp. (CGC) under a statutory plan of arrangement, as previously announced. Under the agreed terms, each Canadian Gold share will convert into 0.0225 MUX common shares, consolidating CGC holders into MUX books. Whereas, Canadian Gold will be delisted from the TSX Venture on January 7, 2026. Following the closing of the arrangement agreement on ...
McEwen Inc. and Canadian Gold Corp. Announce Closing of Arrangement
Globenewswire· 2026-01-06 11:00
Core Viewpoint - McEwen Inc. and Canadian Gold Corp. have successfully completed a business combination, enhancing McEwen's position in the gold mining sector and providing Canadian Gold shareholders with McEwen shares as part of the arrangement [1][2]. Business Combination Details - The business combination was approved by Canadian Gold shareholders on December 5, 2025, and received final court approval on December 10, 2025 [1]. - The arrangement became effective on January 5, 2026, with Canadian Gold shareholders receiving 0.0225 McEwen shares for each Canadian Gold share held [2]. Delisting and Reporting Changes - Canadian Gold shares are set to be delisted from the TSX Venture Exchange after market close on January 7, 2026, and the company will apply to cease being a reporting issuer [3]. Management Statements - Rob McEwen, Chairman and Chief Owner, expressed optimism about the exploration and development potential of the Tartan project, aiming to enhance shareholder value through accelerated exploration and mine planning [4]. Amending Agreement - An amending agreement was established to address New York Stock Exchange requirements, allowing Rob McEwen to exchange his Canadian Gold shares for subscription receipts instead of McEwen shares [5][6]. - The amendments specifically apply to Mr. McEwen and do not alter the consideration for other Canadian Gold shareholders [7]. Shareholder Information - Canadian Gold shareholders must deposit their share certificates to receive McEwen shares, with instructions provided in the information circular dated October 30, 2025 [9][10]. Company Overview - McEwen operates in the Americas, focusing on gold and silver production, and has a significant interest in the Los Azules copper development project in Argentina, valued at approximately US$456 million [12][13]. - The Los Azules project aims to be a regenerative copper mine and achieve carbon neutrality by 2038 [14].
McEwen Inc. and Canadian Gold Corp. Announce Closing of Arrangement
Globenewswire· 2026-01-06 11:00
TORONTO and FLIN FLON, Manitoba, Jan. 06, 2026 (GLOBE NEWSWIRE) -- McEwen Inc. (“McEwen”) (NYSE/TSX:MUX) and Canadian Gold Corp. (“Canadian Gold”) (TSX-V:CGC) are pleased to announce the completion of the previously announced business combination between McEwen and Canadian Gold by way of statutory plan of arrangement (the “Arrangement”). Shareholders of Canadian Gold approved the Arrangement on December 5, 2025 and a final order approving the Arrangement was issued by the British Columbia Supreme Court on ...
Rob McEwen A Cornerstone Strategic Investor Increases Direct Ownership In Goliath Resources Limited
Globenewswire· 2025-12-18 11:18
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]
McEwen Secures Key Permit for El Gallo Mine; Mill Construction to Begin Mid-2026 - First Gold Pour Mid-2027
Globenewswire· 2025-12-16 11:00
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 ...
McEwen: Gold Bar Mine Life Extension Offsets Q3 Operational Headwinds (Reiterate Buy)
Seeking Alpha· 2025-12-14 12:26
Core Insights - The article emphasizes the importance of competitive advantage and strong future prospects in investment decisions [1] - It highlights the significance of good cash flow generation, growing income, healthy margins, solid asset base, and sustainable debt levels as key factors for evaluating companies [1] Group 1: Investment Approach - The focus is on businesses that demonstrate a competitive edge in their respective sectors [1] - Prioritization of companies with excellent future prospects is noted as a critical aspect of the investment strategy [1] Group 2: Financial Metrics - Good cash flow generation is identified as a vital criterion for investment selection [1] - The article mentions the importance of growing income and healthy margins in assessing a company's financial health [1] - A solid asset base and sustainable debt levels are also highlighted as essential factors for long-term investment viability [1]
McEwen: High Gold Leverage With Exposure To A Phenomenal Copper Mine
Seeking Alpha· 2025-12-10 12:34
Group 1 - McEwen Mining (MUX) offers exposure to low-quality gold mines, exploration potential, and a top-tier copper project [1] - The company is characterized as complicated, with a mix of assets that may appeal to certain investors [1] - The investment strategy focuses on long-term compounders and value realization of mispriced assets, aiming to outperform broad market indices [1] Group 2 - The analyst has a beneficial long position in MUX shares through stock ownership or derivatives [2] - The article reflects the analyst's personal opinions and is not influenced by compensation from any company mentioned [2]
Successful Exploration Transforming McEwen's Gold Bar Mine Complex Sets the Stage for Meaningful Mine Life Extension
Globenewswire· 2025-12-08 11:00
Core Viewpoint - McEwen Inc. is focusing on advancing three key areas at its Gold Bar Mine Complex in Nevada—Lookout Mountain, Windfall, and Unity Ridge—to increase resources, extend mine life, and potentially boost annual gold production. The integration of these areas is expected to transform the Gold Bar Mine Complex into a long-life asset [1][2]. Group 1: Lookout Mountain - The drilling program at Lookout Mountain aimed to convert Inferred Resources into Measured and Indicated categories and to obtain samples for metallurgical testing [3]. - The 2025 drilling program at Lookout Mountain has been completed, with plans to publish an updated resource estimate alongside year-end financials and to advance engineering work for production [4]. - Lookout Mountain's resource estimate includes 423,000 ounces of gold in the Measured and Indicated categories from 23,423,000 tonnes grading 0.56 grams per tonne [5]. Group 2: Windfall - A resource estimate for Windfall is scheduled for next year, with recent results indicating excellent continuity of near-surface oxide gold mineralization along a 1.6-kilometer section of the Windfall fault zone [8]. - New near-surface oxide results from Windfall show significant gold grades, including 4.6 grams per tonne over 26.7 meters in drillhole WF055 [9]. - The exploration program for Windfall will continue in 2026, focusing on higher-grade areas and advancing towards production [10]. Group 3: Unity Ridge - At Unity Ridge, the company is evaluating the potential to merge three existing open pits into one larger mining area to increase gold resources and extend mine life [11]. - Recent drill results from Unity Ridge have intersected oxide gold mineralization, with notable results including 3.6 grams per tonne over 48.8 meters in drillhole GB660 [12]. - The focus for Unity Ridge in 2026 will be on confirming gold grades and widths from historical drilling and estimating the amount of oxide gold mineralization that could be leached [14].
Canadian Gold Corp. Announces Shareholders Approve Arrangement with McEwen
Newsfile· 2025-12-05 17:01
Core Viewpoint - Canadian Gold Corp. has received overwhelming shareholder approval for its business combination with McEwen Inc., which is set to be completed through a statutory plan of arrangement under the Business Corporations Act of British Columbia [1][2]. Shareholder Approval - The Arrangement was approved by 99.998% of the votes cast by shareholders present in person or represented by proxy at the Meeting [2] - Additionally, 99.996% of disinterested shareholders voted in favor of the Arrangement, excluding 79,681,855 votes held by interested parties [2] - The total votes in favor represented approximately 64.79% of Canadian Gold's total issued and outstanding common shares [2] Arrangement Details - Under the terms of the arrangement agreement dated October 10, 2025, each holder of a common share of Canadian Gold will receive 0.0225 common shares of McEwen for each Canadian Gold Share held [3] - Canadian Gold has obtained conditional approval from the TSX Venture Exchange for the Arrangement, pending customary conditions [4] Timeline and Conditions - The final order from the British Columbia Supreme Court is anticipated around December 10, 2025, with the Arrangement expected to close on or about January 5, 2026, if all necessary approvals are obtained [5] - Completion of the Arrangement is subject to customary conditions, including court and stock exchange approvals [5] Company Background - Canadian Gold Corp. is focused on expanding the high-grade gold resource at the Tartan Mine in Flin Flon, Manitoba, which has a 2017 indicated mineral resource estimate of 240,000 oz gold [6] - The company also holds a 100% interest in exploration properties in Ontario and Quebec, adjacent to major gold mines [6] - McEwen holds a 5.6% interest in Canadian Gold, with Robert McEwen holding a 32.5% interest [6]