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FAQ: McEwen Inc.'s Tartan Mine Drill Results and Company Overview
TL;DR
McEwen's Tartan Mine drill results show high-grade gold intercepts, supporting plans to double production by 2030 and offering investors growth potential.
McEwen will release an updated Mineral Resource Estimate by end-February based on final drill results including 7.5g/t gold over 18.9m at Tartan Mine.
McEwen's Los Azules copper project aims to be carbon neutral by 2038, advancing regenerative mining for a more sustainable future.
McEwen's Chairman invests $200M personally and takes a $1 salary, aligning with shareholders while building profitable mining operations across the Americas.
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McEwen Inc. announced final drill results from the Tartan Mine Project that will be included in an updated Mineral Resource Estimate expected by the end of February 2025, supporting future planning to double gold production by 2030.
A key highlight was an intercept of 7.5 grams per tonne gold over 18.9 metres, which extends high-grade mineralization along the Western Flank beyond previously reported results and indicates strong potential to further expand the resource.
The Tartan Mine Project is located near Flin Flon, Manitoba, Canada.
McEwen provides shareholders with exposure to growing gold and silver production in the Americas, plus a large copper development project. Their mines are in Nevada (USA), Ontario (Canada), and Santa Cruz province (Argentina), and they are considering reactivating a mine in Mexico.
McEwen Copper (46.4% owned by McEwen Inc.) owns the Los Azules copper development project in San Juan province, Argentina. According to the last financing, McEwen's ownership interest is valued at US$456 million, and the project is designed to be one of the world's first regenerative copper mines, carbon neutral by 2038.
Rob McEwen is the Chairman and Chief Owner who has invested over US$200 million personally and takes a $1 annual salary, aligning his interests with shareholders. He aims to build profitability, share value, and eventually implement a dividend policy.
The updated Mineral Resource Estimate is expected by the end of February 2025.
The full press release is available at https://ibn.fm/mB9c3, and the latest news and updates relating to MUX are in the company's newsroom at https://ibn.fm/MUX.
McEwen shares trade on both the NYSE and TSX under the ticker MUX.
Curated from InvestorBrandNetwork (IBN)
