McEwen Inc. (NYSE: MUX) (TSX: MUX) has filed NI 43-101 technical reports on SEDAR+ for its Grey Fox Project in Ontario and the Lookout Mountain and Windfall deposits in Nevada, the company announced. The reports support previously released prefeasibility and mineral resource estimates, providing detailed technical data that underpin the projects' economic viability.
The Grey Fox technical report outlines a 15-year mine life with probable mineral reserves of 980,300 contained gold ounces. The post-tax net present value is estimated at $282 million using a $3,000-per-ounce gold price, increasing to $841 million at $4,500 gold. These figures highlight the project's sensitivity to gold prices and its potential for strong returns in a favorable commodity environment.
For the Lookout Mountain and Windfall deposits in Nevada, the technical report confirms combined indicated mineral resources of 629,800 gold ounces and inferred resources of 262,000 gold ounces. The majority of these ounces occur in oxide mineralization, which is considered potentially amenable to heap-leach processing, a cost-effective extraction method. The reports are available through the company's SEDAR+ filings and support previously announced project results.
McEwen's portfolio includes gold and silver production in the Americas, with mines in the Cortez Trend in Nevada, the Timmins district of Ontario, Flin Flon in Manitoba, and the Deseado Massif in Argentina. The company also holds a 46.3% interest in McEwen Copper, which owns the Los Azules copper development project in Argentina. According to the last financing for McEwen Copper, the implied value of McEwen's ownership interest is US$456 million (US$7.67 per share). The Los Azules project is designed to be one of the world's first regenerative copper mines and aims for carbon neutrality by 2038.
McEwen also recently purchased a 27.3% stake in Paragon Advanced Labs Inc., a company deploying PhotonAssay units globally, a technology that could become a new industry standard for assaying precious and base metals. Chairman and Chief Owner Rob McEwen has invested over US$250 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 ultimately implement a dividend policy, as he did while building Goldcorp Inc.
The filing of these technical reports provides transparency and detailed data for investors, reinforcing the company's commitment to advancing its gold projects in key mining jurisdictions. For more information, visit the company's newsroom at https://ibn.fm/MUX.
