Gold Resource Corporation press release

RockBreaks - McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) to Invest in Goliath Resources Amid High-Grade Gold Results

2025-02-18

NYSE - New York Stock Exchange · Gold · Silver · Copper · Lead · Zinc · Canada · Financing

RockBreaks – McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) to Invest in Goliath Resources Amid High-Grade Gold Results

2025-02-18 11:06:59 ET

McEwen Mining (NYSE: MUX) (TSX: MUX) is set to acquire 5.18 million units of Goliath Resources Limited (TSX-V: GOT) (OTCQB: GOTRF) in a non-brokered private placement, reinforcing its interest in Goliath’s high-grade gold exploration at the Surebet discovery in British Columbia’s Golden Triangle. Goliath reported intercepts of up to 10.91 g/t AuEq over 10 meters, with 92% of 2024 drill holes containing visible gold. The transaction includes shares of McEwen Mining issued in exchange, with each unit comprising one Goliath common share and half a warrant exercisable at C$2.50 per share for 12 months.

To view the full press release, visit https://ibn.fm/846D6

About McEwen Mining Inc.

McEwen Mining is a gold and silver producer with operations in Nevada, Canada, Mexico and Argentina. In addition, the company owns approximately 47.7% of McEwen Copper, which is developing the large, advanced-stage Los Azules copper project in Argentina. The company’s goal is to improve the productivity and life of its assets with the objective of increasing the share price and providing a yield. Rob McEwen, chair and chief owner, has a personal investment in the company of $220 million and takes an annual salary of $1. To learn more about the company, visit www.McEwenMining.com .

NOTE TO INVESTORS: The latest news and updates relating to MUX are available in the company’s newsroom at https://ibn.fm/MUX

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