Curated News
By: NewsRamp Editorial Staff
January 13, 2026
McEwen Announces High-Grade Gold Results, Targets Production Doubling by 2030
TLDR
- McEwen's Tartan Mine drill results show high-grade gold intercepts, supporting plans to double production by 2030 and offering investors growth potential.
- McEwen will release an updated Mineral Resource Estimate by end-February based on final drill results including 7.5g/t gold over 18.9m at Tartan Mine.
- McEwen's Los Azules copper project aims to be carbon neutral by 2038, advancing regenerative mining for a more sustainable future.
- McEwen's Chairman invests $200M personally and takes a $1 salary, aligning with shareholders while building profitable mining operations across the Americas.
Impact - Why it Matters
This news matters because it signals substantial growth potential for McEwen Mining and its shareholders. The high-grade gold intercepts at the Tartan Mine Project demonstrate tangible progress toward the company's ambitious goal of doubling gold production by 2030, which could significantly enhance shareholder value. For investors in the mining sector, these results provide concrete evidence of resource expansion potential in a proven mining district near Flin Flon, Manitoba. Additionally, the company's substantial stake in the Los Azules copper project—positioned as a future regenerative and carbon-neutral operation—positions McEwen at the intersection of resource development and environmental responsibility, appealing to both traditional mining investors and those focused on sustainable investing. Chairman Rob McEwen's substantial personal investment and symbolic $1 salary create strong alignment with shareholder interests, while his proven track record with Goldcorp Inc. suggests potential for similar value creation. The timing is particularly relevant as global demand for both gold and copper remains strong amid economic uncertainty and the transition to renewable energy infrastructure.
Summary
McEwen Inc. (NYSE: MUX, TSX: MUX) has announced final drill results from its Tartan Mine Project near Flin Flon, Manitoba, revealing significant high-grade gold mineralization that will be included in an updated Mineral Resource Estimate expected by the end of February. The results, including an impressive intercept of 7.5 grams per tonne gold over 18.9 metres, extend high-grade mineralization along the Western Flank beyond previous reports and indicate strong potential for resource expansion as the Main Zone widens at depth while maintaining robust gold grades. This development supports the company's ambitious target of doubling gold production by 2030, positioning the Tartan Mine as a key asset in McEwen's growth strategy.
The company, which provides shareholders with exposure to gold, silver, and copper production across the Americas, also maintains a 46.4% interest in McEwen Copper, owner of the large, long-life Los Azules copper development project in Argentina. According to the latest financing, McEwen's ownership interest in this project is valued at approximately US$456 million, with Los Azules designed to be one of the world's first regenerative copper mines and carbon neutral by 2038. Chairman and Chief Owner Rob McEwen, who has personally invested over US$200 million and takes a symbolic $1 annual salary, aligns his interests with shareholders as he aims to build profitability, share value, and eventually implement a dividend policy similar to his success with Goldcorp Inc.
The news was disseminated through AINewsWire, a specialized communications platform within the Dynamic Brand Portfolio of IBN that focuses on artificial intelligence advancements and provides comprehensive corporate communications solutions. For investors seeking more detailed information, the full press release is available at https://ibn.fm/mB9c3, while ongoing updates about McEwen can be found in the company's newsroom at https://ibn.fm/MUX. This announcement represents a significant milestone in McEwen's operational progress and strategic positioning within the competitive mining sector.
Source Statement
This curated news summary relied on content disributed by InvestorBrandNetwork (IBN). Read the original source here, McEwen Announces High-Grade Gold Results, Targets Production Doubling by 2030
