Curated News
By: NewsRamp Editorial Staff
June 06, 2025
McEwen Mining Advances Stock Mine Ramp Construction for Cost-Efficient Gold Production
TLDR
- McEwen Mining's new ramp at Stock Mine promises lower-cost gold production by 2025, offering investors a strategic advantage during record-high gold prices.
- The construction of a new ramp at McEwen Mining's Stock Mine will access multiple zones, aiming to reduce costs and increase efficiency in gold production.
- McEwen Mining's initiative to lower production costs and increase efficiency contributes to sustainable mining practices, benefiting both the economy and the environment.
- Discover how McEwen Mining's innovative ramp construction at Stock Mine is set to revolutionize gold production with cost-effective and efficient methods by 2025.
Impact - Why it Matters
This development is significant for investors and the mining industry as it highlights McEwen Mining's strategic efforts to optimize production costs and efficiency in a high gold price environment. The project's success could set a benchmark for operational excellence and cost management in the mining sector, potentially influencing stock performance and investor confidence. Additionally, the focus on sustainable and efficient mining practices reflects the industry's shift towards more environmentally and economically sustainable operations.
Summary
McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) has announced the commencement of ramp construction at its Stock Mine, located within the Fox Complex in Ontario's Timmins gold district. This strategic move is set to facilitate underground access to the West, Main, and East zones, aiming to lower the cost-per-ounce gold production by the second half of 2025. CEO Rob McEwen emphasized the opportune timing, leveraging record-high gold prices and the cessation of operations at the Froome Mine to enhance cost efficiency and operational advantages. The initiative promises to eliminate a costly metal stream, increase mill throughput with softer ore, and cut down haulage expenses by processing materials on-site. For more details, the full press release can be accessed here.
McEwen Mining is a prominent player in the gold and silver production sector, with operations spanning Nevada, Canada, Mexico, and Argentina. The company also holds a significant stake in McEwen Copper, focusing on the Los Azules copper project in Argentina. With a commitment to enhancing asset productivity and longevity, McEwen Mining aims to boost shareholder value. Notably, Rob McEwen's substantial personal investment and minimal salary underscore his dedication to the company's success. Further information is available at www.McEwenMining.com.
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Source Statement
This curated news summary relied on content disributed by InvestorBrandNetwork (IBN). Read the original source here, McEwen Mining Advances Stock Mine Ramp Construction for Cost-Efficient Gold Production
