Latest news with #McEwenInc
Winnipeg Free Press
a day ago
- Business
- Winnipeg Free Press
McEwen Inc. seeks to acquire Canadian Gold
A Toronto-based company led by a Canadian Mining Hall of Fame veteran is seeking to buy a firm currently exploring a former Manitoba gold mine. McEwen Inc. signed a letter of intent to acquire Canadian Gold Corp. The latter, located in Flin Flon, holds 100 per cent interest in the Tartan Mine — a site near Flin Flon that produced 47,000 ounces of gold in 1987-89. Canadian Gold Corp. recently expanded its strike length of Tartan from eight kilometres to 29.5 km. It's been exploring the mine since 2023. The two companies signed the letter of intent July 27. The deal must receive approval from a majority of Canadian Gold shareholders; a special meeting is expected before 2026. McEwen Inc. has three gold mines in the U.S., Canada and Argentina. It's aiming to make an Argentina copper project one of the world's first regenerative copper mines. Rob McEwen, a mining hall of famer, leads the company. If approved, Canadian Gold shareholders will receive 0.0225 of a McEwen common share for each they hold. — Free Press staff
Hamilton Spectator
7 days ago
- Business
- Hamilton Spectator
36.0 g/t Gold Over 10.0 Meters - Froome Mine Life Extended With Discovery of New High-Grade Mineralization
TORONTO, July 23, 2025 (GLOBE NEWSWIRE) — McEwen Inc. (NYSE: MUX) (TSX: MUX) ('McEwen', 'MUX' or the 'Company') is pleased to announce the discovery of high-grade mineralization approximately 200 meters West of the Froome Mine, which is the current source of production at the Fox Complex. This discovery will extend our mining at Froome. Highlights from Drilling at Froome West: Intercepts along the Froome West high-grade plunge (refer to Figures 2 and 3): Extending mineralization further West (refer to Figures 2 and 3): Unless specified as core widths (CW), all assay intervals in this press release are presented as true widths (TW). The mineralization we see at Froome West occurs as several sub-vertical, stacked mineralized lenses which can often lead to increased flexibility during mining. Within these lenses we are seeing a concentration of high grade in a roughly 15 to 25 meters wide, vertically oriented trend (or plunge). Gold mineralization remains open to the West and at depth, which encourages further exploration in both directions. Froome West mineralization is similar in style to that seen at the Black Fox deposit (approx. 900 meters to the East and shown in Figure 1), characterized by structurally controlled, stacked, sub-vertically dipping quartz-carbonate veins, with occurrences of visible gold (VG) and showing a steep high-grade plunge. Total historical production at the Black Fox and Froome mines is 1.1 million gold ounces. The exploration program at Froome West will continue drilling to test deeper (along the down-dip extension of the high-grade plunge), and laterally (westward along strike), to evaluate broader regional mineralization trends. Figure 1 below provides an aerial view showing the location of the Froome West mineralization in relation to the Froome Mine deposit currently being mined and the historic Black Fox Mine, including its open pit and underground workings. Future mining activities at Froome West will continue to use the existing infrastructure currently used for mining operations at the Froome Mine. Figure 1. Aerial View of the Locations of Froome West, Froome Mine and Historical Black Fox Mine Mining infrastructure development on four levels is planned and already underway at Froome West, starting from the existing workings at the producing Froome Mine and extending 200 meters toward the West zones. This is shown in blue in Figures 2 and 3. The new infrastructure will allow for access and testing for extensions of the Froome West mineralization. Table 1 lists the new drilling results for Froome West that are presented in this press release. Table 1. Froome West Drill Results Highlights The long section view A-A' in Figure 2 below (location shown on Figure 1) shows the outline of the mineralized zones at Froome West and the locations of the drill hole intercepts listed in Table 1 above. The high-grade plunge is identified by the darker orange vertical lines, located to the Eastern side, close to the planned early infrastructure, and shows the potential expansion of the mineralized zone both to depth (down-dip) and to the West along strike. Figure 2. Long Section View A-A' Looking East Northeast, Showing the Newly Discovered Froome West Mineralization (Orange), Including the High-Grade Plunge (Bright Orange), 200 Meters from the Froome Mine Operations, Where We Are Currently Mining (Olive Green and Green) The cross-section view B-B' in Figure 3 below (location shown in Figure 1) shows the stacked lenses seen at Froome West. The section also shows the planned and current infrastructure (in blue), along with some of the notable drillhole intercepts received for this drilling campaign. Figure 3. Cross Section View B-B' Looking Northwest, Showing the Stacked Mineralized Zones West of Froome Mine and Notable Drill Hole Intercepts This discovery of high-grade mineralization will extend the mining at Froome and provide more optionality in our mine plan for the Fox Complex. As mentioned in previous announcements (see our June 5th press release and the Annual Meeting presentation from June 19th, 2025), our Stock Mine is part of the mine plan for the Fox Complex and is expected to come into commercial production in 2026. 'We are excited at the potential of what Froome West holds, in an area of our property that is relatively underexplored; our current mineralization model extends to a depth of 250 meters and remains open both at depth and to the West. The nearby Black Fox Mine historically produced nearly 1 million gold ounces, from mining that extended down to 800 meters below surface. With geology and mineralization styles comparable to those seen at Black Fox, which encountered mineralization as deep as 1,000 meters, the Froome West area has the potential to lead us to the discovery of a deposit of similar scale and significance,' said Chief Geologist Rob Glover. A table of drill results at Froome West up until July 16th, 2025 that includes hole locations and alignments is available on the Company's website and can be accessed by clicking here . Technical Information Technical information pertaining to the Fox Complex exploration contained in this news release has been prepared under the supervision of Robert Glover, McEwen Ontario's Chief Geologist, who is a Qualified Person as defined by SEC S-K 1300 and Canadian Securities Administrators National Instrument 43-101 'Standards of Disclosure for Mineral Projects.' The majority of the analyses reported herein were submitted as whole core samples and assayed by the photon assay method at the accredited laboratory MSA Labs (ISO 9001 & ISO 17025) in Timmins, Ontario, Canada. Additional analyses reported herein were submitted as whole core samples and assayed by the Fire Assay method at the McEwen Mine Assay Lab in Timmins, Ontario, Canada. ABOUT MCEWEN McEwen provides its shareholders with exposure to gold, copper and silver in the Americas by way of its three mines located in the USA, Canada and Argentina and its large advanced-stage copper development project in Argentina. It also has a gold and silver mine on care and maintenance in Mexico. Its Los Azules copper project aims to become one of the world's first regenerative copper mines and is committed to carbon neutrality by 2038. Rob McEwen, Chairman and Chief Owner, has personally invested US$205 million in the companies and takes a salary of $1/ year. He is a recipient of the Order of Canada and a member of the Canadian Mining Hall of Fame. His objective for MUX is to build its share value and establish a dividend, as he did while building Goldcorp Inc. McEwen's shares are publicly traded on the New York Stock Exchange (NYSE) and the Toronto Stock Exchange (TSX) under the symbol 'MUX'. CAUTION CONCERNING FORWARD-LOOKING STATEMENTS This news release contains certain forward-looking statements and information, including 'forward-looking statements' within the meaning of the Private Securities Litigation Reform Act of 1995. The forward-looking statements and information expressed, as at the date of this news release, McEwen Inc.'s (the 'Company') estimates, forecasts, projections, expectations or beliefs as to future events and results. Forward-looking statements and information are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management, are inherently subject to significant business, economic and competitive uncertainties, risks and contingencies, and there can be no assurance that such statements and information will prove to be accurate. Therefore, actual results and future events could differ materially from those anticipated in such statements and information. Risks and uncertainties that could cause results or future events to differ materially from current expectations expressed or implied by the forward-looking statements and information include, but are not limited to, fluctuations in the market price of precious metals, mining industry risks, political, economic, social and security risks associated with foreign operations, the ability of the Company to receive or receive in a timely manner permits or other approvals required in connection with operations, risks associated with the construction of mining operations and commencement of production and the projected costs thereof, risks related to litigation, the state of the capital markets, environmental risks and hazards, uncertainty as to calculation of mineral resources and reserves, foreign exchange volatility, foreign exchange controls, foreign currency risk, and other risks. Readers should not place undue reliance on forward-looking statements or information included herein, which speak only as of the date hereof. The Company undertakes no obligation to reissue or update forward-looking statements or information as a result of new information or events after the date hereof except as may be required by law. See McEwen Inc.'s Annual Report on Form 10-K for the fiscal year ended December 31, 2024, and other filings with the Securities and Exchange Commission, under the caption 'Risk Factors', for additional information on risks, uncertainties and other factors relating to the forward-looking statements and information regarding the Company. All forward-looking statements and information made in this news release are qualified by this cautionary statement. The NYSE and TSX have not reviewed and do not accept responsibility for the adequacy or accuracy of the contents of this news release, which has been prepared by the management of McEwen. Want News Fast? 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Globe and Mail
03-07-2025
- Business
- Globe and Mail
McEwen Mining Announces: Voting Results of the 2025 Annual Meeting of Shareholders; Change of Name to McEwen Inc. Effective July 7, 2025; Meeting Resources Now Available
TORONTO, July 03, 2025 (GLOBE NEWSWIRE) -- McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) ("MUX" or the "Company') announces the results of the MUX Annual Meeting of Shareholders held on June 19, 2025. Following shareholder approval, the Company has filed the Articles of Amendment with the Secretary of State to effect the approved name change on July 7, 2025. The Company will begin trading on the NYSE under its new name, McEwen Inc., on July 7, 2025, and on the TSX shortly thereafter. There will be no change in the Company's CUSIP or stock symbol. Voting Overview: Shares Voted: 27,942,541 (~51.81% of 53,934,510 outstanding shares entitled to vote) Board Elected: 11 Directors Executive Compensation: Approved Auditor Appointment: Ernst & Young LLP ratified for FY2025 Corporate Name Change: Approved to McEwen Inc. Detailed Voting Results: Election Results for the Directors Nominated at the Meeting: Name of Nominee Shares Voted For Shares Withheld Broker Non-Votes Uncast Robert R. McEwen 19,138,567 461,348 8,342,616 10 Dalia Asterbadi 19,255,822 344,093 8,342,616 10 Ian Ball 19,294,446 305,469 8,342,616 10 Richard W. Brissenden 17,962,491 1,637,424 8,342,616 10 Alfred Colas 19,246,961 352,954 8,342,616 10 Nicolas Darveau-Garneau 19,283,698 316,217 8,342,616 10 Steve Kaszas 19,265,359 334,556 8,342,616 10 Michelle Makori 19,266,381 333,534 8,342,616 10 Michael Melanson 19,247,964 351,951 8,342,616 10 John Florek 16,354,561 3,245,354 8,342,616 10 William M. Shaver 19,312,397 287,518 8,342,616 10 Election Results for the Approval of Executive Compensation: For Against Abstain Broker Non-Votes Uncast 18,735,730 514,236 349,959 8,342,616 0 Election Results for the Appointment of Ernst & Young LLP as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2025: For Against Abstain Broker Non-Votes Uncast 27,269,481 523,370 149,687 0 3 Election Results for the Change of Corporate Name to McEwen Inc: For Against Abstain Broker Non-Votes Uncast 26,491,461 724,679 726,401 0 0 Access Meeting Resources We thank all participants of the 2025 Annual Meeting of Shareholders. Interested investors can access the recording of the meeting on the Company's Media page at: We Welcome Your Feedback Please share your thoughts about our presentation by: - Emailing info@ or - Completing our brief survey: ABOUT MCEWEN MINING McEwen Mining Inc. provides its shareholders with exposure to gold, copper and silver in the Americas by way of its three mines located in the USA, Canada and Argentina and its large advanced-stage copper development project in Argentina. It also has a gold and silver mine on care and maintenance in Mexico. Its Los Azules copper project aims to become one of the world's first regenerative copper mines and is committed to carbon neutrality by 2038. Rob McEwen, Chairman and Chief Owner, has personally invested US$205 million in the companies and takes a salary of $1/ year. He is a recipient of the Order of Canada and a member of the Canadian Mining Hall of Fame. His objective for MUX is to build its share value and establish a dividend, as he did while building Goldcorp Inc. McEwen Mining's shares are publicly traded on the New York Stock Exchange (NYSE) and the Toronto Stock Exchange (TSX) under the symbol "MUX". CAUTION CONCERNING FORWARD-LOOKING STATEMENTS This news release contains certain forward-looking statements and information, including "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. The forward-looking statements and information expressed, as at the date of this news release, McEwen Mining Inc.'s (the "Company") estimates, forecasts, projections, expectations or beliefs as to future events and results. Forward-looking statements and information are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management, are inherently subject to significant business, economic and competitive uncertainties, risks and contingencies, and there can be no assurance that such statements and information will prove to be accurate. Therefore, actual results and future events could differ materially from those anticipated in such statements and information. Risks and uncertainties that could cause results or future events to differ materially from current expectations expressed or implied by the forward-looking statements and information include, but are not limited to, fluctuations in the market price of precious metals, mining industry risks, political, economic, social and security risks associated with foreign operations, the ability of the Company to receive or receive in a timely manner permits or other approvals required in connection with operations, risks associated with the construction of mining operations and commencement of production and the projected costs thereof, risks related to litigation, the state of the capital markets, environmental risks and hazards, uncertainty as to calculation of mineral resources and reserves, foreign exchange volatility, foreign exchange controls, foreign currency risk, and other risks. Readers should not place undue reliance on forward-looking statements or information included herein, which speak only as of the date hereof. The Company undertakes no obligation to reissue or update forward-looking statements or information as a result of new information or events after the date hereof except as may be required by law. See McEwen Mining's Annual Report on Form 10-K for the fiscal year ended December 31, 2024, and other filings with the Securities and Exchange Commission, under the caption "Risk Factors", for additional information on risks, uncertainties and other factors relating to the forward-looking statements and information regarding the Company. All forward-looking statements and information made in this news release are qualified by this cautionary statement.
Yahoo
03-07-2025
- Business
- Yahoo
McEwen Mining Announces: Voting Results of the 2025 Annual Meeting of Shareholders; Change of Name to McEwen Inc. Effective July 7, 2025; Meeting Resources Now Available
TORONTO, July 03, 2025 (GLOBE NEWSWIRE) -- McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) ("MUX" or the "Company') announces the results of the MUX Annual Meeting of Shareholders held on June 19, 2025. Following shareholder approval, the Company has filed the Articles of Amendment with the Secretary of State to effect the approved name change on July 7, 2025. The Company will begin trading on the NYSE under its new name, McEwen Inc., on July 7, 2025, and on the TSX shortly thereafter. There will be no change in the Company's CUSIP or stock symbol. Voting Overview: Shares Voted: 27,942,541 (~51.81% of 53,934,510 outstanding shares entitled to vote) Board Elected: 11 Directors Executive Compensation: Approved Auditor Appointment: Ernst & Young LLP ratified for FY2025 Corporate Name Change: Approved to McEwen Inc. Detailed Voting Results: Election Results for the Directors Nominated at the Meeting: Name of Nominee Shares Voted For Shares Withheld Broker Non-Votes Uncast Robert R. McEwen 19,138,567 461,348 8,342,616 10 Dalia Asterbadi 19,255,822 344,093 8,342,616 10 Ian Ball 19,294,446 305,469 8,342,616 10 Richard W. Brissenden 17,962,491 1,637,424 8,342,616 10 Alfred Colas 19,246,961 352,954 8,342,616 10 Nicolas Darveau-Garneau 19,283,698 316,217 8,342,616 10 Steve Kaszas 19,265,359 334,556 8,342,616 10 Michelle Makori 19,266,381 333,534 8,342,616 10 Michael Melanson 19,247,964 351,951 8,342,616 10 John Florek 16,354,561 3,245,354 8,342,616 10 William M. Shaver 19,312,397 287,518 8,342,616 10 Election Results for the Approval of Executive Compensation: For Against Abstain Broker Non-Votes Uncast 18,735,730 514,236 349,959 8,342,616 0 Election Results for the Appointment of Ernst & Young LLP as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2025: For Against Abstain Broker Non-Votes Uncast 27,269,481 523,370 149,687 0 3 Election Results for the Change of Corporate Name to McEwen Inc: For Against Abstain Broker Non-Votes Uncast 26,491,461 724,679 726,401 0 0 Access Meeting Resources We thank all participants of the 2025 Annual Meeting of Shareholders. Interested investors can access the recording of the meeting on the Company's Media page at: We Welcome Your Feedback Please share your thoughts about our presentation by: - Emailing info@ or- Completing our brief survey: ABOUT MCEWEN MINING McEwen Mining Inc. provides its shareholders with exposure to gold, copper and silver in the Americas by way of its three mines located in the USA, Canada and Argentina and its large advanced-stage copper development project in Argentina. It also has a gold and silver mine on care and maintenance in Mexico. Its Los Azules copper project aims to become one of the world's first regenerative copper mines and is committed to carbon neutrality by 2038. Rob McEwen, Chairman and Chief Owner, has personally invested US$205 million in the companies and takes a salary of $1/ year. He is a recipient of the Order of Canada and a member of the Canadian Mining Hall of Fame. His objective for MUX is to build its share value and establish a dividend, as he did while building Goldcorp Inc. McEwen Mining's shares are publicly traded on the New York Stock Exchange (NYSE) and the Toronto Stock Exchange (TSX) under the symbol "MUX". CAUTION CONCERNING FORWARD-LOOKING STATEMENTS This news release contains certain forward-looking statements and information, including "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. The forward-looking statements and information expressed, as at the date of this news release, McEwen Mining Inc.'s (the "Company") estimates, forecasts, projections, expectations or beliefs as to future events and results. Forward-looking statements and information are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management, are inherently subject to significant business, economic and competitive uncertainties, risks and contingencies, and there can be no assurance that such statements and information will prove to be accurate. Therefore, actual results and future events could differ materially from those anticipated in such statements and information. Risks and uncertainties that could cause results or future events to differ materially from current expectations expressed or implied by the forward-looking statements and information include, but are not limited to, fluctuations in the market price of precious metals, mining industry risks, political, economic, social and security risks associated with foreign operations, the ability of the Company to receive or receive in a timely manner permits or other approvals required in connection with operations, risks associated with the construction of mining operations and commencement of production and the projected costs thereof, risks related to litigation, the state of the capital markets, environmental risks and hazards, uncertainty as to calculation of mineral resources and reserves, foreign exchange volatility, foreign exchange controls, foreign currency risk, and other risks. Readers should not place undue reliance on forward-looking statements or information included herein, which speak only as of the date hereof. The Company undertakes no obligation to reissue or update forward-looking statements or information as a result of new information or events after the date hereof except as may be required by law. See McEwen Mining's Annual Report on Form 10-K for the fiscal year ended December 31, 2024, and other filings with the Securities and Exchange Commission, under the caption "Risk Factors", for additional information on risks, uncertainties and other factors relating to the forward-looking statements and information regarding the Company. All forward-looking statements and information made in this news release are qualified by this cautionary statement. The NYSE and TSX have not reviewed and do not accept responsibility for the adequacy or accuracy of the contents of this news release, which has been prepared by the management of McEwen Mining Inc. Want News Fast?Subscribe to our email list by clicking here: and receive news as it happens!! McEwen Mining Facebook: LinkedIn: Twitter: 150 King Street West Instagram: Suite 2800, PO Box 24 Toronto, ON, Canada McEwen Copper Facebook: mcewencopper M5H 1J9 LinkedIn: Twitter: Instagram: (866)-441-0690 - Toll free line (647)-258-0395 Rob McEwen Facebook: Mihaela Iancu ext. 320 LinkedIn: info@ Twitter: Sign in to access your portfolio
