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McEwen Mining ( (MUX) ) has provided an announcement.
McEwen Mining Inc. announced a significant increase in the estimated gold resources at its Grey Fox deposit, with a 32% rise in indicated resources and a 95% surge in inferred resources as of December 31, 2024. This growth results from successful exploration efforts and favorable economic conditions, which are expected to enhance future production and extend the mine’s operational life, reinforcing the company’s strategic positioning in the gold mining sector.
More about McEwen Mining
McEwen Mining Inc. is a mining company primarily focused on gold resources. It operates in the mining industry, with a market focus on gold exploration and production, particularly through its Fox Complex properties.
YTD Price Performance: 4.84%
Average Trading Volume: 560,236
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $458.3M
For detailed information about MUX stock, go to TipRanks’ Stock Analysis page.
