McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) has announced the filing of an independent National Instrument 43-101 technical report for its Tartan Mine Project located in Manitoba, Canada. The report confirms the previously disclosed mineral resource estimate, which includes 308,900 ounces of gold in indicated resources and 302,700 ounces in inferred resources, with an effective date of December 31, 2025. This filing provides investors with a detailed assessment of the project's geology, mining methods, and economic potential.
The Tartan Mine Project is part of McEwen Mining's broader portfolio of gold and silver assets in the Americas. The company operates mines in prolific mineral-rich regions, including the Cortez Trend in Nevada, the Timmins district of 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. The filing of the technical report underscores the company's commitment to transparency and regulatory compliance, while also highlighting the potential for near-term production from the Tartan deposit.
McEwen Mining also holds a 46.3% interest in McEwen Copper, which owns the advanced-stage Los Azules copper development project in San Juan province, 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 to be carbon neutral by 2038. The feasibility study results for Los Azules were announced in a press release dated October 7, 2025.
In addition to its mining assets, McEwen recently purchased a 27.3% stake in Paragon Advanced Labs Inc., a publicly listed company deploying PhotonAssay units globally. 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. Chairman and Chief Owner Rob McEwen has personally invested over US$250 million in the company and takes an annual salary of $1, 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, as he did while building Goldcorp Inc.
The Tartan Mine technical report provides a detailed analysis of the project's resources and potential, further solidifying McEwen Mining's position as a growing gold and silver producer. Investors can access the full press release and additional information on the company's newsroom at https://ibn.fm/MUX.
