McEwen Inc. Reports Significant Resource Growth for Grey Fox Project
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 22 Jan 26
Source: Newsfilter
McEwen Inc. shares rose by 11.04% as the stock crossed above its 5-day SMA, reflecting positive investor sentiment.
The company reported a 2025 Mineral Resource Estimate for the Grey Fox project of 1.892 million ounces of indicated gold, marking a 23% increase from 2024. This growth strongly supports McEwen's future production goals and is backed by new drilling results showing gold grades as high as 10.1 g/t. The company has allocated $5 to $10 million for drilling in 2026 to further validate and expand these resources.
This significant resource growth positions McEwen Inc. favorably in the market, enhancing its potential for future production and attracting investor interest.
Analyst Views on MUX
Wall Street analysts forecast MUX stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for MUX is 22.00 USD with a low forecast of 21.00 USD and a high forecast of 23.50 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
3 Analyst Rating
3 Buy
0 Hold
0 Sell
Strong Buy
Current: 29.050
Low
21.00
Averages
22.00
High
23.50
Current: 29.050
Low
21.00
Averages
22.00
High
23.50
About MUX
McEwen Inc is a gold and silver mining production and exploration company. The Company is also involved in a copper development project. Its operations sites include San Jose Mine, Fox Complex, Gold Bar mine, El Gallo Complex, Project Fenix, Los Azules, and Fox West. The San Jose mine is located in the northwest corner of the Deseado Massif region, approximately 20 kilometers north of Newmont's Cerro Negro mine. The Fox Complex is located in the Timmins Gold Mining Camp in Northern Ontario, Canada. The Gold Bar Mine is located in the southern Roberts Mountains of the Battle Mountain-Eureka-Cortez gold trend in Eureka County, Central Nevada. The El Gallo Complex is located in Mexico’s Sinaloa State, along the foothills of the Sierra Madres Occidental mountain range. The Fox West properties are located in the heart of Timmins Gold Camp in northern Ontario, Canada. The Company also holds an interest in Tartan Lake Gold Mine Project, which is located in the province of Manitoba, Canada.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
