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McEwen Mining ( (MUX) ) has issued an update.
McEwen Inc. announced promising results from its 2025 drilling program at the Windfall area of the Gold Bar Mine Complex in Nevada. The drilling has revealed significant gold mineralization, including high-grade zones, which are expected to positively impact the company’s resource estimates and extend the mine’s life. This discovery is beyond the previous resource estimate limits and could be processed using existing heap leach recovery methods, potentially leading to faster production permitting due to its location on private land. The company plans to continue resource-definition and expansion drilling, test extensions of higher-grade zones, and publish an updated resource estimate.
The most recent analyst rating on (MUX) stock is a Buy with a $28.50 price target. To see the full list of analyst forecasts on McEwen Mining stock, see the MUX Stock Forecast page.
Spark’s Take on MUX Stock
According to Spark, TipRanks’ AI Analyst, MUX is a Neutral.
McEwen Mining’s overall score is driven by strong technical momentum and positive earnings call sentiment, despite financial performance and valuation challenges. The company’s strategic growth initiatives and operational improvements provide a promising outlook, though profitability remains a concern.
To see Spark’s full report on MUX stock, click here.
More about McEwen Mining
McEwen Inc. is a mining company with shares traded on both the NYSE and TSX under the ticker MUX. The company provides its shareholders with exposure to a growing base of gold and silver production, as well as a large copper development project, all located in the Americas. Their gold and silver mines are situated in mineral-rich regions such as the Cortez Trend in Nevada, USA, the Timmins district of Ontario, Canada, and the Deseado Massif in Santa Cruz province, Argentina. McEwen also holds a significant interest in McEwen Copper, which owns the Los Azules copper development project in Argentina.
Average Trading Volume: 1,612,484
Technical Sentiment Signal: Buy
Current Market Cap: $1.07B
For a thorough assessment of MUX stock, go to TipRanks’ Stock Analysis page.