McEwen Inc. Reports Strong Drill Results at Gold Bar Mine Complex, Advancing Toward 2026 Milestone

McEwen Inc. (NYSE: MUX) (TSX: MUX) has reported continued progress across three key areas at its Gold Bar Mine Complex in Nevada—Lookout Mountain, Windfall and Unity Ridge—as it works to increase resources, extend mine life and potentially boost annual gold production. Recent drilling returned notable intercepts, including 1.0 gpt gold over 89.9 meters at LM045, 4.6 gpt gold over 26.7 meters at WF055 and 3.6 gpt gold over 48.8 meters at GB660, underscoring the project’s growth potential. The company aims to integrate these zones into its mine plan using existing infrastructure where possible, emphasizing capital efficiency as it advances toward a pivotal year for Gold Bar in 2026.

The significance of these drill results lies in their potential to materially enhance the economic profile of the Gold Bar operation. By demonstrating continuity and grade in these zones, McEwen strengthens the case for expanding the resource base without proportionally increasing capital expenditures, a critical factor for investor returns in the mining sector. The company’s strategy to leverage existing infrastructure at the complex, detailed in their corporate communications available at https://ibn.fm/MUX, could lead to more efficient development compared to greenfield projects, potentially improving margins and accelerating the path to production from these new areas.

This advancement comes as McEwen maintains a diversified portfolio of assets across the Americas. The company holds a 46.4% interest in McEwen Copper, which owns the large, long-life, advanced-stage Los Azules copper development project in San Juan province, Argentina. According to the last financing for McEwen Copper, the implied value of McEwen’s ownership interest is US$456 million. The Los Azules copper project is designed to be one of the world’s first regenerative copper mines and carbon neutral by 2038. Its Feasibility Study results were announced in a press release dated October 7, 2025, accessible via https://ibn.fm/eDLEM.

The progress at Gold Bar is strategically important for McEwen as it seeks to build shareholder value. Chairman and Chief Owner Rob McEwen, who has invested over US$200 million personally and takes a salary of $1 per year, aligning his interests with shareholders, has stated an objective to build the company’s profitability, share value and eventually implement a dividend policy. Strong operational results from core assets like Gold Bar provide fundamental support for this long-term vision. The company’s shares trade on both the NYSE and TSX under the ticker MUX, offering investors exposure to a growing base of gold and silver production in addition to its copper development project.

For the mining industry and investors, the announcement matters because it demonstrates ongoing resource growth at an established operation in a top-tier jurisdiction like Nevada. Consistent drill success helps de-risk the asset and can lead to reserve conversions, mine life extensions, and ultimately, sustained cash flow. As McEwen advances toward 2026—highlighted as a pivotal year for Gold Bar—these results lay important groundwork for future technical studies and potential production decisions, contributing to the broader narrative of responsible resource development in stable mining regions.