McEwen Reports Major Gold Resource at Tartan, Eyes 2030 Production Goal

McEwen Inc. (NYSE: MUX, TSX: MUX) has announced a significant mineral resource estimate for its Tartan Mine Project in Manitoba, revealing 308,900 indicated gold ounces and 302,700 inferred gold ounces, with additional upside potential through further drilling across multiple zones and adjacent properties. This development supports the company's ambitious goal of reaching 250,000 to 300,000 ounces of annual gold production by 2030. Initial output at Tartan is expected to average approximately 30,000 ounces per year, with potential expansion to 45,000 to 55,000 ounces annually through increased mill capacity, alongside ongoing exploration, metallurgical testing, and mine planning initiatives. The full details are available in the press release, which investors can access via the provided link.

Beyond the Tartan Project, McEwen provides shareholders with exposure to a diverse portfolio of gold, silver, and copper assets across the Americas, including operations in Nevada, Ontario, Manitoba, Argentina, and Mexico. The company holds a 46.3% interest in McEwen Copper, which owns the large, long-life Los Azules copper development project in Argentina—a project designed to be one of the world's first regenerative copper mines and carbon neutral by 2038. According to recent financing, McEwen's ownership interest in McEwen Copper is valued at approximately US$456 million (US$7.67 per share), highlighting the strategic importance of this asset. The company also recently purchased 27.3% of Paragon Advanced Labs Inc., a public company deploying PhotonAssay units, a technology poised to become the new industry standard for assaying precious and base metals.

Leadership under Chairman and Chief Owner Rob McEwen, who has personally invested over US$250 million and takes a symbolic salary of $1 per year, aligns closely with shareholder interests. McEwen, a recipient of the Order of Canada and a member of the Canadian Mining Hall of Fame, aims to build profitability, share value, and ultimately implement a dividend policy, mirroring his success with Goldcorp Inc. This news is disseminated through Rocks & Stocks, a specialized communications platform within the Dynamic Brand Portfolio of IBN, which provides extensive distribution and corporate communications solutions to enhance brand awareness and reach a wide audience of investors and the general public.