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McEwen Advances Projects, Strong Financing, Notable Drilling

MiningJan 28, 2026

Shares in McEwen Inc. rose on Jan. 28, 2026, up roughly 4.4% on the NYSE to $29.21 (volume 619,088) and about 4.2% on the TSX to $39.64 (volume 52,561).

Operationally, the company is progressing major growth projects. Mill construction at the Fénix project is slated for mid-2026 with first gold expected mid-2027, and management targets roughly doubling production by 2030 while pursuing cost reductions and efficiency gains.

Los Azules, the company’s copper asset, completed a feasibility study that underpins a robust, long-life copper development and supports the company’s push into green, multigenerational copper production.

Exploration updates include a significant Gold Bar intercept - 5.55 g/t Au over 44.2 metres - and a Grey Fox resource increase of about 23%, with indicated resources now near 1.9 million ounces and inferred roughly 436,000 ounces; a prefeasibility study for Grey Fox is planned for Q2 2026.

Leadership and alignment remain a focus: CEO financial commitments exceeding $200 million and founder Rob McEwen’s roughly 17% ownership underscore insider alignment as McEwen scales toward higher output.

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