McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) announced it has filed an independent National Instrument 43-101 technical report for its Tartan Mine Project in Manitoba, Canada. The report supports the previously reported mineral resource estimate of 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 is a key step in advancing the project and provides investors with verified data on the asset's potential.
The Tartan Mine Project is part of McEwen's portfolio of gold and silver mines in the Americas, which includes operations in Nevada, Ontario, Manitoba, and Argentina. The company also holds a 46.3% interest in McEwen Copper, owner of the Los Azules copper development project in Argentina, which is designed to be carbon neutral by 2038. According to the company, the implied value of McEwen's ownership interest in McEwen Copper is US$456 million, or US$7.67 per share.
McEwen recently purchased a 27.3% stake in Paragon Advanced Labs Inc., a company deploying PhotonAssay units worldwide. This technology is expected to become a new industry standard for assaying precious and base metals. Chairman and Chief Owner Rob McEwen has personally invested over US$250 million in the company and takes a salary of $1 per year, aligning his interests with shareholders.
The technical report is available for review on the company's website and on SEDAR+. For more details, the full press release can be accessed at https://ibn.fm/pz0hW. Investors can find the latest news and updates regarding MUX in the company's newsroom at https://ibn.fm/MUX.
This announcement underscores McEwen's commitment to advancing its mineral projects and providing transparent, verified resource estimates to the market. The Tartan Mine Project adds to the company's growing resource base, which includes gold, silver, and copper assets across the Americas.
