Drilling Progress and Results: Goliath Resources has successfully completed 34 drill holes, totaling approximately 25,000 meters, in the first month of their 2025 drilling campaign at the Surebet Discovery, with 100% of holes intersecting significant quartz-sulphide mineralization and 94% containing visible gold. Notable assay results include intervals of 3.17 g/t Au over 18.73 meters and 3.64 g/t Au over 9.40 meters.
Expansion Potential: The ongoing drilling campaign aims to expand the known mineralized zones laterally and at depth, with a total planned program of 60,000 meters. Recent findings indicate high-grade gold mineralization across three distinct rock packages, suggesting a strong potential for further discoveries and increased resource estimates at the Surebet site.
MUX
$19.22+Infinity%1D
Analyst Views on MUX
Wall Street analysts forecast MUX stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for MUX is 23.67 USD with a low forecast of 21.00 USD and a high forecast of 28.50 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
Wall Street analysts forecast MUX stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for MUX is 23.67 USD with a low forecast of 21.00 USD and a high forecast of 28.50 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 Buy
0 Hold
0 Sell
Strong Buy
Current: 18.890
Low
21.00
Averages
23.67
High
28.50
Current: 18.890
Low
21.00
Averages
23.67
High
28.50
Canaccord
NULL -> Buy
initiated
$25
2025-10-15
Reason
Canaccord
Price Target
$25
2025-10-15
initiated
NULL -> Buy
Reason
Canaccord initiated coverage of McEwen Mining with a Buy rating and $25 price target.
H.C. Wainwright
Buy
maintain
$17
2025-07-29
Reason
H.C. Wainwright
Price Target
$17
2025-07-29
maintain
Buy
Reason
H.C. Wainwright raised the firm's price target on McEwen Mining to $17 from $15.50 and keeps a Buy rating on the shares. The firm cites its increased gold price deck for the target bump.
National Bank
Outperform
maintain
2025-07-16
Reason
National Bank
Price Target
2025-07-16
maintain
Outperform
Reason
National Bank raised the firm's price target on McEwen Mining to C$21.50 from C$21.25 and keeps an Outperform rating on the shares.
Roth Capital
NULL
to
Buy
upgrade
$12 -> $15
2025-07-01
Reason
Roth Capital
Price Target
$12 -> $15
2025-07-01
upgrade
NULL
to
Buy
Reason
Roth Capital raised the firm's price target on McEwen Mining to $15 from $12 and keeps a Buy rating on the shares. The firm is updating its model on miners after boosting its assumed gold prices, estimating average gold price per ounce of $3,294 for Q2, $3,300 for Q3, and $3,150 for Q4 2025, the analyst tells investors in a research note.
About MUX
McEwen Inc, formerly, McEwen Mining Inc., is a gold and silver mining production and exploration company. The Company's operating segments include Canada, the United States, Mexico, Minera Santa Cruz S.A. (MSC) and McEwen Copper Inc. (McEwen Copper). The Canada segment consists of the Fox Complex property, which includes the Froome and Black Fox underground mines; the Grey Fox and Stock advanced-stage projects; the Stock mill; and exploration properties located near the city of Timmins, Ontario, Canada. The United States segment comprises the Gold Bar mine and exploration properties in the State of Nevada. The Mexico segment includes the El Gallo mine and the related advanced-stage Fenix Project, both located in Sinaloa state. The MSC segment comprises a 49% interest in the San Jose mine in Santa Cruz, Argentina. The McEwen Copper segment includes the Los Azules copper project in the province of San Juan, Argentina, as well as the Elder Creek exploration property in the United States.
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.
