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InvestorNewsBreaks - McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) Expands Gold Resources at Grey Fox Deposit

2025-02-27

TSXV - TSX Venture Exchange · Uranium · Rare Earth Elements · Gold · Canada · Resource Estimate

InvestorNewsBreaks – McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) Expands Gold Resources at Grey Fox Deposit

2025-02-27 08:40:00 ET

McEwen Mining (NYSE: MUX) (TSX: MUX) reported a significant increase in gold resources at its Grey Fox Deposit, part of the Fox Complex, following its 2024 exploration efforts. The company has allocated a $9.7 million budget for its 2025 program, including 68,500 meters of diamond drilling. Recent drilling at the Gibson Zone returned 17.7 g/t gold over 8.0 meters, with early 2025 results showing 12.9 g/t gold over 4.3 meters and 15.3 g/t gold over 2.7 meters. An updated resource estimate places Grey Fox’s Indicated resources at 1.54 million ounces of gold at 3.64 g/t and Inferred resources at 458,000 ounces at 3.30 g/t. McEwen is also targeting new discoveries at the Black Fox Horizon and expects its expanding resource base to benefit from strong gold market fundamentals.

To view the full press release, visit https://ibn.fm/y7L2a

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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