McEwen Inc. (NYSE:MUX) Plans to Begin Construction at El Gallo Mine in Mid-2026

Group 1 - McEwen Inc. has received approval from the Mexican government to extend the Environmental Impact Assessment for the El Gallo Mine, allowing the company to begin Phase 1 Mill construction in mid-2026, with the first gold pour expected by mid-2027, producing approximately 20,000 gold Equivalent Ounces annually once commercial production starts [1][2] - The company has purchased a ball mill for the El Gallo site and is already working on Phase 2, which focuses on in-situ silver deposits, potentially extending the mine's life beyond the initial 10 years planned for Phase 1 [2] - McEwen is also expanding its Gold Bar Mine complex in Nevada, aiming to enhance resources and increase mine life, which could lead to higher annual gold production from the Lookout Mountain, Windfall, and Unity Ridge areas [3] Group 2 - McEwen Inc. operates as a development-stage gold and silver mining company with activities in the U.S., Canada, Mexico, and Argentina, focusing on the exploration, development, and production of gold, silver, and copper deposits [4]