McEwen Inc. (NYSE: MUX) (TSX: MUX) has reported new drill results from the Gold Bar Mine Complex in Nevada's Eureka Mining District, highlighted by the best hole drilled by the company to date at the Windfall deposit. The results show 5.55 grams per tonne gold over 44.2 meters, including a high-grade interval of 48.38 grams per ton gold over 4.6 meters of oxide mineralization. These findings demonstrate strong grade continuity over long intervals and indicate that higher-grade mineralization remains open at depth.
The significance of these results lies in their contribution to advancing the Windfall deposit, along with Lookout Mountain and Unity Ridge, toward production. This progress directly supports McEwen's strategic goal to double gold production by 2030. The company has planned drilling to test deeper extensions in March, which could further expand the resource and extend the mine's operational life. The full press release detailing these results is available at https://ibn.fm/93kZ1.
For investors and the mining industry, these developments represent tangible progress in a key mining district. The Eureka Mining District in Nevada is part of the prolific Cortez Trend, one of the world's most productive gold regions. Successful advancement of the Windfall deposit contributes to the overall production profile of McEwen's operations across the Americas, which include mines in Nevada, Ontario, Canada, and Santa Cruz province, Argentina. The company is also considering reactivating a gold and silver mine in Mexico.
Beyond its gold operations, McEwen maintains a 46.4% interest in McEwen Copper, which owns the 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 project is designed to be one of the world's first regenerative copper mines and carbon neutral by 2038. Feasibility Study results for this project were announced in a press release dated October 7, 2025, available at https://ibn.fm/MUX.
The company's leadership structure aligns management interests with shareholders, with Chairman and Chief Owner Rob McEwen having invested over US$200 million personally and taking a salary of $1 per year. His objective is to build McEwen's profitability, share value and eventually implement a dividend policy, as he did while building Goldcorp Inc. This alignment of interests provides additional context for why the successful drill results at Windfall matter to shareholders and the broader mining investment community.
