McEwen Mining (NYSE: MUX) (TSX: MUX), announced full-year 2024 consolidated production of 135,900 gold equivalent ounces (“GEOs”), aligning with its annual guidance. Gold Bar and San José mines exceeded expectations with 44,600 and 60,100 GEOs, respectively, while the Fox Complex fell short at 30,150 GEOs due to a stope failure in early 2024. For 2025, MUX projects production between 120,000 and 140,000 GEOs, influenced by the transition at Fox from the Froome mine to the Stock mine, which is now expected to reach commercial production in early 2026. Gold Bar’s production will be weighted toward the second half of the year as high waste stripping in the Pick pit concludes, setting up stronger ore availability for late 2025 and 2026.
MUX is further strengthening its position in the gold sector through a C$10 million strategic investment in Goliath Resources Ltd. (TSX.V: GOT) (OTCQB: GOTRF) (FSE: B4IF), acquiring 3.76% of the…
