McEwen Inc. Reports 2025 Grey Fox Mineral Resource Estimate of 1.892 Million Ounces of Gold
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
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Source: Newsfilter
- Resource Estimate Growth: The 2025 Mineral Resource Estimate for the Grey Fox project indicates 1.892 million ounces of indicated gold and 436,000 ounces of inferred gold, representing a 23% increase in indicated resources compared to 2024, which strongly supports the company's future production goals.
- New Drilling Results: Recent drilling results obtained after the resource estimate cut-off show gold grades as high as 10.1 g/t, indicating further resource growth potential, with a budget of $5 to $10 million allocated for drilling in 2026 to validate and expand resources.
- Balancing Mining Methods: The company is balancing underground and open-pit mining methods to optimize resource estimates, with plans to detail this strategy in the upcoming Pre-Feasibility Study, aimed at maximizing long-term project value.
- Stroud Project Integration: The Stroud project, acquired in 2024, contains a historical resource of approximately 270,000 ounces, which is expected to be incorporated into future resource updates, further enhancing the resource base of the Grey Fox project.
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: 22.340
Low
21.00
Averages
22.00
High
23.50
Current: 22.340
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.
