McEwen Mining (NYSE: MUX) (TSX: MUX) announced the start of ramp construction at its Stock Mine, part of the Fox Complex in Ontario’s prolific Timmins gold district. The new ramp will provide underground access to the West, Main, and East zones and is expected to enable lower-cost-per-ounce gold production starting in the second half of 2025. CEO Rob McEwen highlighted the timing as ideal, with gold trading at record highs and the transition away from the Froome Mine unlocking key cost and efficiency advantages. Benefits include eliminating a burdensome metal stream, boosting mill throughput with softer ore, and reducing haulage costs by processing material on site.
To view the full press release, visit https://ibn.fm/1CP9V
About McEwen Mining Inc.
McEwen Mining is a gold and silver producer with operations in Nevada, Canada, Mexico and Argentina. In addition, the company owns approximately 47.7% of McEwen Copper, which is developing the large, advanced-stage Los Azules copper project in Argentina. The company’s goal is to improve the productivity and life of its assets with the objective of increasing the share price and providing a yield. Rob McEwen, chair and chief owner, has a personal investment in the company of $220 million and takes an annual salary of $1. To learn more about the company, visit www.McEwenMining.com.
NOTE TO INVESTORS: The latest news and updates relating to MUX are available in the company’s newsroom at https://ibn.fm/MUX
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