McEwen Inc. reports its Year-End 2025 Mineral Resource Estimate for the Grey Fox Project in Timmins, Ontario, totaling 1.9 million Indicated gold ounces and 436,000 Inferred gold ounces. The Company aims to double production by 2030 by optimizing mine design and incorporating new drill results and acquisitions.

Grey Fox Project transitions from underground to open pit mining methods to accelerate resource estimation. The Pre-Feasibility Study (PFS) will be released in Q2 2026, focusing on maximizing project value and early access to high-return gold ounces through existing infrastructure.

2025 Grey Fox Resource highlights 1,892,000 Indicated gold ounces and 436,000 Inferred gold ounces. Recent drill results show potential for resource growth. The Company plans to budget $5 to $10 million for drilling in 2026 to further expand and optimize open pit resources and accelerate underground mining at Grey Fox.

The PFS will consider open pit mining at Grey Fox, balancing production with long-term value maximization. The Company is reviewing scenarios to develop a plan that aligns with capital requirements, scheduling, and permitting. Future land agreements may allow additional resources to be included in updates.

The Stroud Project, acquired in 2024, adjoins Grey Fox and contains a historical resource estimate of approximately 270,000 gold ounces. McEwen completed drilling in 2025 to validate this resource and plans to publish a Mineral Resource Estimate for Stroud with the next resource update for the Fox Complex.

Read more at GlobeNewswire: 2025 Year-End Resource Estimate – Grey Fox Project: +23%