Goliath Resources Appoints New Advisory Board Member
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 57 minutes ago
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Should l Buy MUX?
Source: Newsfilter
- Strategic Appointment: Goliath Resources Limited has appointed Alan Edwards to its advisory board, whose 40 years of global mining experience is expected to significantly enhance the company's technical and operational capabilities, aiding the advancement of the high-grade Surebet Gold Discovery.
- Drilling Program Launch: The company plans a fully funded ~50,000-meter drilling program in 2026 aimed at expanding its 100% owned Golddigger Project, which is anticipated to lay the groundwork for future mineral resource growth.
- Equity Incentive Plan: The company has granted Alan 250,000 stock options priced at $1.79 per share, along with 210,000 restricted share units (RSUs), which will strengthen his commitment and incentive for the company's long-term development.
- Positive Market Outlook: Goliath Resources completed its largest drilling campaign of 64,364 meters in 2025 and is expected to maintain a similar scale of drilling in 2026, demonstrating the company's strong growth potential in the Golden Triangle region.
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Analyst Views on MUX
Wall Street analysts forecast MUX stock price to fall
3 Analyst Rating
3 Buy
0 Hold
0 Sell
Strong Buy
Current: 23.380
Low
21.00
Averages
22.00
High
23.50
Current: 23.380
Low
21.00
Averages
22.00
High
23.50
About MUX
McEwen Inc. is a gold and silver mining production and exploration company. It is involved in a copper development project. Its operations sites include San Jose Mine, Fox Complex, Gold Bar mine, El Gallo Complex, Project Fenix, and Los Azules. The San Jose mine is in the northwest corner of the Deseado Massif region, over 20 kilometers north of Newmont's Cerro Negro mine. The Fox Complex is in the Timmins Gold Mining Camp in Northern Ontario, Canada. The Gold Bar Mine is in the southern Roberts Mountains of the Battle Mountain-Eureka-Cortez gold trend in Eureka County, Central Nevada. The El Gallo Complex is in Mexico’s Sinaloa State, along the foothills of the Sierra Madres Occidental mountain range. Fox West properties are in the heart of Timmins Gold Camp in northern Ontario, Canada. It holds an interest in Tartan Lake Gold Mine Project, which is in the province of Manitoba, Canada. It also holds Jewel Ridge and Jewel Ridge West projects and Lookout Mountain discoveries.
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.
McEwen Inc. Reports Q1 2026 Earnings with Significant Turnaround
- Significant Profit Turnaround: McEwen Inc. reported a net income of $33.4 million for Q1 2026, translating to $0.56 per share, a stark contrast to the $6.3 million net loss and $0.12 loss per share from the previous year, indicating improved operational performance and rising gold and silver prices.
- Production Outlook: The company aims to scale production to 250,000 to 300,000 gold equivalent ounces by 2030, with CEO McEwen emphasizing an internally funded multi-asset growth strategy that is expected to nearly double production while minimizing dilution risks over the coming years.
- Cash Flow and Dividends: CFO Ing highlighted a cash balance of $57 million at the end of Q1, up from $51 million at the beginning of the year, and projected an additional $30 million to $40 million in dividends from Minera Santa Cruz throughout the year, enhancing the company's liquidity and financial stability.
- Los Azules Project Financing: Management plans to reach a final investment decision by the end of 2026, with total financing costs estimated at approximately $4 billion, targeting a capital structure of 40% equity and 60% debt, while actively advancing the IPO process despite uncertainties surrounding project financing and approvals.
See More
Goliath Resources Appoints New Advisor to Enhance Expertise
- Advisor Appointment: Goliath Resources has appointed Alan Edwards to its advisory board, significantly enhancing the company's technical and operational capabilities with his 40 years of global mining experience, aiding in the advancement of the high-grade Surebet Gold Discovery.
- Drilling Program: The company is set to launch a fully funded approximately 50,000-meter drilling program in 2026, aimed at expanding the Golddigger Project both laterally and at depth, which is expected to drive further resource assessment and development.
- Equity Incentives: Alan has been granted 250,000 stock options priced at $1.79 per share, along with 210,000 restricted share units (RSUs), incentivizing him to contribute more value to the company over the next three years.
- Strategic Investment: This appointment aligns with Goliath's strategic goals, as Alan's extensive experience and successful track record are anticipated to propel the development of the Surebet Gold Discovery, thereby enhancing shareholder value.
See More
Goliath Resources Appoints New Advisory Board Member
- Strategic Appointment: Goliath Resources Limited has appointed Alan Edwards to its advisory board, whose 40 years of global mining experience is expected to significantly enhance the company's technical and operational capabilities, aiding the advancement of the high-grade Surebet Gold Discovery.
- Drilling Program Launch: The company plans a fully funded ~50,000-meter drilling program in 2026 aimed at expanding its 100% owned Golddigger Project, which is anticipated to lay the groundwork for future mineral resource growth.
- Equity Incentive Plan: The company has granted Alan 250,000 stock options priced at $1.79 per share, along with 210,000 restricted share units (RSUs), which will strengthen his commitment and incentive for the company's long-term development.
- Positive Market Outlook: Goliath Resources completed its largest drilling campaign of 64,364 meters in 2025 and is expected to maintain a similar scale of drilling in 2026, demonstrating the company's strong growth potential in the Golden Triangle region.
See More
Rio Tinto Evaluates Economic Potential of Los Azules Copper Project
- Economic Potential Assessment: Rio Tinto is evaluating the economic potential of McEwen Copper's Los Azules project, one of the world's ten largest undeveloped copper projects, considering increasing its 17.2% stake, which could enhance its strategic position in the copper market.
- Deepening Technical Collaboration: Rio Tinto holds its stake in Los Azules through its Nuton copper technology venture, with its technical team testing Nuton's proprietary leaching technology on-site, which not only aids in assessing the project's economic viability but may also improve copper production efficiency.
- Feasibility Study Results: The feasibility study released in October 2025 estimates an after-tax net present value of $2.9 billion for the Los Azules project, targeting first production by 2030, with an average production forecast of 204,800 metric tons per year of copper cathode over the first five years, indicating strong long-term profitability potential.
- Ongoing Strategic Dialogue: McEwen Copper's managing director Michael Meding stated that Rio Tinto is having fruitful discussions with Nuton, as the construction of Rio's copper pipeline provides a favorable opportunity for collaboration, further solidifying its competitive edge in the copper market.
See More
McEwen Mining Q1 Earnings Exceed Expectations
- Strong Performance: McEwen Mining reported Q1 GAAP EPS of $0.56, beating expectations by $0.27, indicating a significant improvement in profitability and reflecting the company's robust performance in the mining sector.
- Substantial Revenue Growth: The company achieved Q1 revenue of $74 million, a 107.3% year-over-year increase, exceeding market expectations by $6.68 million, primarily driven by the sale of 15,752 GEOs, showcasing success in resource extraction and sales.
- Adjusted EBITDA Surge: Q1 2026 adjusted EBITDA reached $44.8 million or $0.76 per share, compared to $8.7 million or $0.16 per share in Q1 2025, demonstrating a remarkable enhancement in the company's profitability.
- Stable Production Outlook: The full-year 2026 production guidance remains between 114,000 and 126,000 GEOs, excluding early pre-commercial production from the Stock mine, reflecting the company's confidence in its future production capabilities.
See More
McEwen Inc. Reports Strong Q1 2026 Financial Results and Production Growth Plans
- Significant Revenue Growth: In Q1 2026, McEwen reported revenues of $74 million, a 107% increase from Q1 2025, driven by the sale of 15,752 GEOs, highlighting the company's strong performance in the gold and silver markets.
- Improved Profitability: The gross profit for Q1 was $31.5 million, with a substantial increase in gross margins, and net income reached $33.4 million, a stark contrast to the $6.3 million loss in Q1 2025, reflecting enhanced production efficiency and rising gold prices.
- Production Expansion Plans: McEwen aims to increase annual production from 39,000-43,000 GEOs in 2026 to 90,000-110,000 GEOs by 2030, targeting projects like Lookout Mountain, Windfall, and Trinity Ridge to strengthen its competitive position in the market.
- Updated Mineral Resource Estimates: The Tartan Mine project revealed an underground resource estimate of 308,900 ounces of gold, with initial annual production expected at 30,000 GEOs, and potential to increase output to 45,000-55,000 GEOs through future permit modifications, further solidifying the company's resource base.
See More
McEwen Inc. Reports Q1 2026 Earnings with Significant Turnaround
- Significant Profit Turnaround: McEwen Inc. reported a net income of $33.4 million for Q1 2026, translating to $0.56 per share, a stark contrast to the $6.3 million net loss and $0.12 loss per share from the previous year, indicating improved operational performance and rising gold and silver prices.
- Production Outlook: The company aims to scale production to 250,000 to 300,000 gold equivalent ounces by 2030, with CEO McEwen emphasizing an internally funded multi-asset growth strategy that is expected to nearly double production while minimizing dilution risks over the coming years.
- Cash Flow and Dividends: CFO Ing highlighted a cash balance of $57 million at the end of Q1, up from $51 million at the beginning of the year, and projected an additional $30 million to $40 million in dividends from Minera Santa Cruz throughout the year, enhancing the company's liquidity and financial stability.
- Los Azules Project Financing: Management plans to reach a final investment decision by the end of 2026, with total financing costs estimated at approximately $4 billion, targeting a capital structure of 40% equity and 60% debt, while actively advancing the IPO process despite uncertainties surrounding project financing and approvals.
See More
Goliath Resources Appoints New Advisor to Enhance Expertise
- Advisor Appointment: Goliath Resources has appointed Alan Edwards to its advisory board, significantly enhancing the company's technical and operational capabilities with his 40 years of global mining experience, aiding in the advancement of the high-grade Surebet Gold Discovery.
- Drilling Program: The company is set to launch a fully funded approximately 50,000-meter drilling program in 2026, aimed at expanding the Golddigger Project both laterally and at depth, which is expected to drive further resource assessment and development.
- Equity Incentives: Alan has been granted 250,000 stock options priced at $1.79 per share, along with 210,000 restricted share units (RSUs), incentivizing him to contribute more value to the company over the next three years.
- Strategic Investment: This appointment aligns with Goliath's strategic goals, as Alan's extensive experience and successful track record are anticipated to propel the development of the Surebet Gold Discovery, thereby enhancing shareholder value.
See More
Goliath Resources Appoints New Advisory Board Member
- Strategic Appointment: Goliath Resources Limited has appointed Alan Edwards to its advisory board, whose 40 years of global mining experience is expected to significantly enhance the company's technical and operational capabilities, aiding the advancement of the high-grade Surebet Gold Discovery.
- Drilling Program Launch: The company plans a fully funded ~50,000-meter drilling program in 2026 aimed at expanding its 100% owned Golddigger Project, which is anticipated to lay the groundwork for future mineral resource growth.
- Equity Incentive Plan: The company has granted Alan 250,000 stock options priced at $1.79 per share, along with 210,000 restricted share units (RSUs), which will strengthen his commitment and incentive for the company's long-term development.
- Positive Market Outlook: Goliath Resources completed its largest drilling campaign of 64,364 meters in 2025 and is expected to maintain a similar scale of drilling in 2026, demonstrating the company's strong growth potential in the Golden Triangle region.
See More
Rio Tinto Evaluates Economic Potential of Los Azules Copper Project
- Economic Potential Assessment: Rio Tinto is evaluating the economic potential of McEwen Copper's Los Azules project, one of the world's ten largest undeveloped copper projects, considering increasing its 17.2% stake, which could enhance its strategic position in the copper market.
- Deepening Technical Collaboration: Rio Tinto holds its stake in Los Azules through its Nuton copper technology venture, with its technical team testing Nuton's proprietary leaching technology on-site, which not only aids in assessing the project's economic viability but may also improve copper production efficiency.
- Feasibility Study Results: The feasibility study released in October 2025 estimates an after-tax net present value of $2.9 billion for the Los Azules project, targeting first production by 2030, with an average production forecast of 204,800 metric tons per year of copper cathode over the first five years, indicating strong long-term profitability potential.
- Ongoing Strategic Dialogue: McEwen Copper's managing director Michael Meding stated that Rio Tinto is having fruitful discussions with Nuton, as the construction of Rio's copper pipeline provides a favorable opportunity for collaboration, further solidifying its competitive edge in the copper market.
See More
McEwen Mining Q1 Earnings Exceed Expectations
- Strong Performance: McEwen Mining reported Q1 GAAP EPS of $0.56, beating expectations by $0.27, indicating a significant improvement in profitability and reflecting the company's robust performance in the mining sector.
- Substantial Revenue Growth: The company achieved Q1 revenue of $74 million, a 107.3% year-over-year increase, exceeding market expectations by $6.68 million, primarily driven by the sale of 15,752 GEOs, showcasing success in resource extraction and sales.
- Adjusted EBITDA Surge: Q1 2026 adjusted EBITDA reached $44.8 million or $0.76 per share, compared to $8.7 million or $0.16 per share in Q1 2025, demonstrating a remarkable enhancement in the company's profitability.
- Stable Production Outlook: The full-year 2026 production guidance remains between 114,000 and 126,000 GEOs, excluding early pre-commercial production from the Stock mine, reflecting the company's confidence in its future production capabilities.
See More
McEwen Inc. Reports Strong Q1 2026 Financial Results and Production Growth Plans
- Significant Revenue Growth: In Q1 2026, McEwen reported revenues of $74 million, a 107% increase from Q1 2025, driven by the sale of 15,752 GEOs, highlighting the company's strong performance in the gold and silver markets.
- Improved Profitability: The gross profit for Q1 was $31.5 million, with a substantial increase in gross margins, and net income reached $33.4 million, a stark contrast to the $6.3 million loss in Q1 2025, reflecting enhanced production efficiency and rising gold prices.
- Production Expansion Plans: McEwen aims to increase annual production from 39,000-43,000 GEOs in 2026 to 90,000-110,000 GEOs by 2030, targeting projects like Lookout Mountain, Windfall, and Trinity Ridge to strengthen its competitive position in the market.
- Updated Mineral Resource Estimates: The Tartan Mine project revealed an underground resource estimate of 308,900 ounces of gold, with initial annual production expected at 30,000 GEOs, and potential to increase output to 45,000-55,000 GEOs through future permit modifications, further solidifying the company's resource base.
See More
