McEwen Inc. (NYSE: MUX) (TSX: MUX) announced the filing of an independent National Instrument 43-101 technical report for its Tartan Mine Project in Manitoba. The report supports the previously reported mineral resource estimate with an effective date of December 31, 2025, indicating 308,900 ounces of gold in indicated resources and 302,700 ounces in inferred resources. This filing is a critical step in advancing the project and underscores the company's commitment to transparent disclosure of its mineral assets.
The Tartan Mine Project is part of McEwen's growing portfolio of gold and silver production assets located in the Americas. The company's operations span prolific mineral regions, including the Cortez Trend in Nevada, the Timmins district in Ontario, Flin Flon in Manitoba, and the Deseado Massif in Santa Cruz province, Argentina. Additionally, McEwen is reactivating its gold-silver El Gallo Mine in Mexico, further diversifying its production base.
Beyond gold and silver, McEwen holds a 46.3% interest in McEwen Copper, which owns the advanced-stage Los Azules copper development project in San Juan province, Argentina. The project is designed to be one of the world's first regenerative copper mines and aims for carbon neutrality by 2038. The feasibility study results were announced in a press release dated October 7, 2025. According to the last financing for McEwen Copper, the implied value of McEwen’s ownership interest is US$456 million, or US$7.67 per share.
In a strategic move to diversify its technology exposure, McEwen recently purchased a 27.3% stake in Paragon Advanced Labs Inc., a newly listed public company deploying PhotonAssay units globally. The company believes this technology is poised to become the new industry standard for assaying precious and base metals, with Paragon aiming to be a leading service provider in this field.
Chairman and Chief Owner Rob McEwen has invested over US$250 million personally in the company and takes a salary of $1 per year, aligning his interests with shareholders. He is a recipient of the Order of Canada, a member of the Canadian Mining Hall of Fame, and a winner of the EY Entrepreneur of the Year (Energy) award. His objective is to build MUX’s profitability, share value, and ultimately implement a dividend policy, mirroring his success while building Goldcorp Inc.
For investors, the filing of the NI 43-101 technical report for the Tartan Mine Project provides a detailed and independent assessment of the gold resources at the site. This transparency is crucial for informed investment decisions and reflects McEwen's commitment to high standards of corporate governance. The company's diversified portfolio across gold, silver, and copper, combined with its technological investments, positions it for potential growth in the mining sector.
