US Edition
Starting a New Chapter of Growth - McEwen Mining (NYSE:MUX)
- McEwen Mining began construction of a ramp system at the Stock Mine within the Fox Complex as of June 2024 in Timmins, Ontario.
- This progress comes after comprehensive drilling identified three gold deposits situated on the Destor-Porcupine fault zone, often referred to as the "Golden Highway," which is home to some of Canada's most productive gold mines.
- The Stock Mine, formerly producing 137,000 ounces at 5.5 g/t grade between 1989 and 2005, will start mining in the East Zone to provide lower-cost, increased gold production.
- Rob McEwen, CEO, expressed enthusiasm about starting development on the Stock Mine, citing the current peak gold prices and favourable market conditions. He emphasized that the new mine will boost near-term gold production and lower costs by removing costly metal streaming obligations, processing softer material for higher throughput, and eliminating the need to transport ore from the Froome Mine.
- This project aims to transition production from the Froome Mine, boosting near-term output and efficiency, thereby marking a new phase of growth for McEwen Mining across its Americas operations.
Insights by Ground AI
Does this summary seem wrong?
11 Articles
11 Articles
All
Left
7
Center
2
Right
1
Starting a New Chapter of Growth - McEwen Mining (NYSE:MUX)
TORONTO, June 05, 2025 (GLOBE NEWSWIRE) -- McEwen Mining Inc. (NYSE:MUX) (TSX:MUX) is pleased to announce a significant development at our Fox Complex's Stock Mine that will usher in a new chapter of growth. Construction of the ramp system is now underway to provide access to future lower-cost-per-ounce gold production. Rob McEwen, CEO and Chief Owner of McEwen Mining states: "As a long-term gold bull, I am always excited to break ground on a ne…
·New York, United States
Read Full Article
Coverage Details
Total News Sources11
Leaning Left7Leaning Right1Center2Last UpdatedBias Distribution70% Left
Bias Distribution
- 70% of the sources lean Left
70% Left
L 70%
C 20%
Factuality
To view factuality data please Upgrade to Premium
