McEwen news

Successful completion of $240M financing demonstrates strong investor confidence in Los Azules project. Project advancement is ahead of schedule with improved geotechnical results. Copper price has increased 50% since last financing, and RIGI approval significantly improves project economics. FID expected mid-2027 with production targeted for 2030.

Addition to Russell 2000® Index is a positive development that increases institutional investor visibility and credibility. The company is advancing growth plans with clear production targets (250,000-300,000 gold equivalent ounces by 2030) and has significant backing from Chairman Rob McEwen who has invested over $290 million personally.

Strong shareholder approval across all proposals with high voting margins (96.96% for CEO Robert McEwen, 99.62% for auditor appointment, 98.45% for share issuance). The company is advancing multiple mining projects with production growth targets and strategic investments in copper and assay technology, demonstrating operational progress and shareholder confidence.

Strong pre-feasibility study results with attractive economics (31% pre-tax IRR at base case, 70% at enhanced case), significant production growth trajectory, manageable capital requirements with internal funding capability, 15-year mine life extension, and creation of 220 full-time jobs. The project demonstrates solid financial returns and supports the company's growth objectives without material share dilution.

Company is actively engaging shareholders through an open forum with leadership, demonstrating transparency and confidence. Recent dividend from San José Mine ($49.4M) and appointment of Societe Generale for debt financing indicate strong operational performance and progress on major projects like Los Azules.

Strong dividend generation exceeding expectations, improved balance sheet, net income of $33.4M in Q1 2026 vs. net loss in Q1 2025, multiple production projects on track, and ability to fund growth internally without significant share dilution demonstrates solid operational and financial performance.

The company successfully filed a comprehensive technical report supporting substantial gold resources (611,600 total ounces) at the Tartan Mine Project. The independent verification by qualified persons and positive data validation indicates progress toward development and adds credibility to the resource estimate.

The company is actively engaging shareholders through earnings calls, expanding operations (reactivating El Gallo Mine in Mexico), and demonstrating growth through strategic investments (27.3% stake in Paragon Advanced Labs). The chairman's significant personal investment and commitment to building shareholder value further supports positive sentiment.

The acquisition expands McEwen's gold exploration portfolio by adding adjacent high-grade projects with strong historical drill results. The integration is expected to support the transformation of Gold Bar Mine Complex into a long-life operation, demonstrating strategic growth and operational expansion.

The company announced a substantial mineral resource estimate with significant indicated and inferred gold reserves, demonstrated exploration potential for resource expansion, and clear development plans to increase production. The $6 million exploration budget and advancement toward doubling production by 2030 indicate strong operational momentum and shareholder value creation.

McEwen's 2.59 million warrants expired worthless on March 10, 2026, as the TSX Venture Exchange denied the extension request. This represents a loss of potential upside and indicates regulatory constraints on the relationship between the two companies.

McEwen's involvement is limited to warrant extension terms. As a strategic cornerstone shareholder with a $10 million investment, the extension reflects continued confidence in Goliath, but the news is administrative in nature with no new developments regarding McEwen's position or strategy.