McEwen Inc. (NYSE: MUX) (TSX: MUX) reported new drill results from the Gold Bar Mine Complex in Nevada's Eureka Mining District, highlighted by the company's best drill hole to date at the Windfall deposit. The results returned 5.55 grams per tonne gold over 44.2 meters, including 48.38 grams per ton gold over 4.6 meters of oxide mineralization. These findings demonstrate strong grade continuity over long intervals and indicate that higher-grade mineralization remains open at depth.
The company plans to test deeper extensions with drilling in March as Windfall, Lookout Mountain and Unity Ridge advance toward production. These developments support McEwen's strategy to double gold production by 2030. The full press release detailing these results is available at https://ibn.fm/93kZ1.
McEwen holds a 46.4% interest in McEwen Copper, which owns the Los Azules copper development project in San Juan province, Argentina. According to the last financing for McEwen Copper, the implied value of McEwen's ownership interest is US$456 million. The Los Azules copper project is designed to be one of the world's first regenerative copper mines and carbon neutral by 2038. Feasibility Study results were announced in the press release dated October 7, 2025, available at https://ibn.fm/MUX.
Chairman and Chief Owner Rob McEwen has invested over US$200 million personally and takes a salary of $1 per year, aligning his interests with shareholders. His objective is to build MUX's profitability, share value and eventually implement a dividend policy, as he did while building Goldcorp Inc. The latest news and updates relating to MUX are available in the company's newsroom.
These drill results are significant for investors and the mining industry as they indicate substantial gold resources that could contribute to increased production. The continuity of high-grade mineralization suggests potential for long-life production at Windfall, which could enhance McEwen's position in the competitive gold mining sector. The company's broader strategy includes not only gold expansion but also development of the Los Azules copper project, positioning McEwen across multiple valuable commodities in mining-friendly jurisdictions throughout the Americas.
