McEwen Inc. Reports New Drill Results from Gold Bar Mine
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 2d ago
0mins
Source: Newsfilter
- Best Drill Results: McEwen's WF110 drill hole at Windfall returned 5.55 gpt gold over 44.2 meters, indicating the mine's potential for long-term operation and supporting the company's strategic goal to double production by 2030.
- Excellent Continuity: Definition drilling at Windfall shows strong continuity of near-surface oxide gold mineralization along a 1.6-kilometer fault zone, suggesting significant potential for future expansion and boosting investor confidence.
- Resource Estimate Update: The company plans to invest approximately $10 million in exploration at Gold Bar in 2026, which is expected to meaningfully increase the total gold resource, enhancing the overall asset value.
- Clear Development Path: Ongoing development work at Windfall, Lookout Mountain, and Unity Ridge aims to accelerate production decisions, leveraging existing infrastructure to improve capital returns and maintain a competitive edge in the market.
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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.
McEwen Inc. Enters Definitive Agreement to Acquire Golden Lake Exploration
- Transaction Overview: McEwen and Golden Lake signed a Definitive Agreement on January 28, 2026, to acquire all outstanding shares of Golden Lake through a plan of arrangement, which, if completed, will make Golden Lake a wholly-owned subsidiary of McEwen, further integrating its mineral resources in Nevada.
- Asset Integration Benefits: Golden Lake's Jewel Ridge project boasts historical drill results of up to 2.20 gpt gold, and the integration will leverage McEwen's infrastructure and funding to enhance the long-term operational potential of the Gold Bar Mine Complex, thereby strengthening market competitiveness.
- Shareholder Value Enhancement: Golden Lake shareholders will receive compensation equivalent to 0.003876 McEwen shares per Golden Lake share, translating to approximately CDN $0.12 per share, representing a 60% premium to the 20-day volume-weighted average price, thereby increasing liquidity and investment appeal.
- Approval Requirements: The transaction requires the approval of 66⅔% of Golden Lake shareholders at a special meeting expected in March 2026, and if successful, will provide strong support for McEwen's long-term growth strategy.
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Goliath Resources to Showcase New Discovery at PDAC 2026
- Core Showcase Opportunity: Goliath Resources has been selected by the PDAC 2026 technical committee to display its new core samples at the PDAC convention in Toronto from March 3 to 4, which is expected to attract significant investor interest.
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