McEwen Mining plans to start production at the Fox Complex, with increased gold resources at Stock.

From GlobeNewswire: 2024-06-20 16:00:00

McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) is progressing well at the Fox Complex, with plans to start production in the latter half of 2025. Exploration at the Stock Property has revealed a 29% increase in gold resources in the East Zone. The Fox Complex has significant Measured and Indicated gold resources of 1,905,000 ounces and Inferred resources of 549,000 ounces.

Pre-construction activities at the Stock portal are underway, which will provide cost-effective underground drill sites and access to the three gold zones – West, Main, and East. The Stock Ramp will connect these zones to historical underground workings, boosting gold production and cash flow.

Key drill results from the recent campaign at the East Zone at Stock show strong continuity between intercepts and positive results. Mineralization is accessible for drilling at a low cost, highlighting a potential for increased production and resource growth. The Stock project is set to provide early production and cash flow.

The updated resource estimate for the East Zone at Stock shows 75,000 gold ounces Indicated and 50,000 gold ounces Inferred. Stock’s resource base is growing, with Indicated mineralization at a grade of 3.12 g/t Au and Inferred mineralization at a grade of 2.87 g/t Au. Exploration at Stock is ongoing to further expand resources and extend mine life.



Read more at GlobeNewswire:: Extending Mine Life; A New Mine at the Stock