McEwen Mining ( (MUX) ) just unveiled an update.
McEwen Mining has announced successful results from its 2024 drilling campaign at the Grey Fox Deposit, leading to a significant increase in gold resources. The 2025 campaign is underway with promising early results, and the company is investing $9.7 million in exploration efforts, including 68,500 meters of diamond drilling. The focus is on expanding resources at the Gibson Zone and exploring potential discoveries in the Black Fox Horizon. Recent geophysical surveys are guiding current drilling efforts, indicating a strategic approach to resource expansion and exploration.
More about McEwen Mining
McEwen Mining Inc. is a mining company focused on the exploration and production of gold. The company operates primarily in the Fox Complex, with a significant emphasis on expanding its gold resources through extensive drilling campaigns and geological surveys.
YTD Price Performance: -16.71%
Average Trading Volume: 781,049
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $364.1M
Learn more about MUX stock on TipRanks’ Stock Analysis page.
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