Northwire Canada EditionFriday, July 10, 2026
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ABX 51.91 −0.6% TTS 2.50 +0.0% FCI 0.400 −9.1% GR 0.075 +0.0% AII 22.75 +9.4% TUNG 1.72 +1.8% LGO 1.00 −3.9% EMM 0.080 +0.0% OGN 3.45 +2.1% MSA 6.45 +0.3% SGZ 0.045 +0.0% S 0.160 +33.3% GRSL 0.315 −1.6% DEX 0.395 +2.6% WMS 0.040 +0.0% EMPR 0.830 +1.2% ABX 51.91 −0.6% TTS 2.50 +0.0% FCI 0.400 −9.1% GR 0.075 +0.0% AII 22.75 +9.4% TUNG 1.72 +1.8% LGO 1.00 −3.9% EMM 0.080 +0.0% OGN 3.45 +2.1% MSA 6.45 +0.3% SGZ 0.045 +0.0% S 0.160 +33.3% GRSL 0.315 −1.6% DEX 0.395 +2.6% WMS 0.040 +0.0% EMPR 0.830 +1.2%
Drill Results Neutral

Drills Are Turning At Goliath Resources Fully Funded 50,000 Meter Expansion Drill Program On High-Grade Gold Surebet Discovery, Golden Triangle, B.C.

McEwen advances a multi-asset growth strategy featuring a generational copper option alongside its high-grade gold production operations.

By The Northwire Desk — AI Analysis Jun 17, 2026 · 06:30 MUX · 28.66 McEwen Inc.
Executive Summary
  • The most recent release (June 17, 2026) is an exploration update for Goliath Resources Ltd., a separate TSX-V listed company, detailing the commencement of a fully funded 50,000-meter drill program at the Surebet Discovery in the Golden Triangle, B.C.
  • The release highlights a 100% drill hit rate, high-grade intercepts across five zones, and favorable metallurgical results (92.2% Au recovery via gravity/flotation).
  • It notes that McEwen Inc.'s 2,590,673 warrants in Goliath expired on March 10, 2026, confirming McEwen has fully exited its financial stake in the explorer.
  • Materiality to McEwen: Routine - Neutral. Goliath is an independent exploration-stage entity. The news reflects regional exploration activity but carries no direct operational, financial, or strategic impact on McEwen's producing assets or balance sheet. The expired warrants further distance the two companies.
Material Impact
  • The Goliath Resources update is Routine - Neutral for McEwen. It serves as a regional exploration benchmark but does not alter McEwen's valuation or operational thesis.
  • McEwen's own recent catalysts (Grey Fox PFS on June 8 and San José dividend beat on May 21) are Material - Positive. The Grey Fox PFS adds ~43,000–87,000 oz/yr to the Fox Complex, extends mine life by 15 years, and requires only $181M in self-funded capex. The San José cash flow exceeds expectations, reinforcing the company's ability to fund its 2030 doubling plan internally.
  • The market's reaction (price consolidating in the $25–$30 range after a run to $39.47) suggests the Grey Fox PFS and dividend beat were already priced in, leaving the stock in a technical consolidation phase.
MUX · Price
Company Overview
  • McEwen Inc. (MUX) is a diversified precious metals producer with a strategic copper option.
  • Producing Assets: Fox Complex (Ontario, underground gold), Gold Bar Mine (Nevada, open-pit heap leach), San José Mine (Argentina, 49% interest, high-grade Au-Ag), Tartan Mine (Manitoba, former producer).
  • Development Projects: Stock Mine (Fox Complex expansion), Grey Fox (Fox Complex life extension), El Gallo (Mexico, heap leach reprocessing), Los Azules (Argentina, world-class undeveloped copper deposit via McEwen Copper).
  • Corporate Structure: Dual-listed on NYSE and TSX. Rob McEwen retains ~14% ownership and serves as Chairman/CEO.
Read the original news release →

More from McEwen Inc.

Jun 08, 2026 · 06:00

McEwen’s Grey Fox PFS extends mine life by 15 years, delivering a $429 million NPV and a blueprint for 250-300 koz/yr production.

Technical Study May 27, 2026 · 07:27

McEwen Mining Cash Flow Beat Validates Growth Strategy While Los Azules Financing Looms

Drill Results May 21, 2026 · 06:00

San José dividend windfall reinforces McEwen’s cash‑self‑funding model but doesn’t alter the central thesis.

Production / Operations May 14, 2026 · 16:00

McEwen Copper locks in a heavyweight debt advisor for Los Azules, but the real test – a firm financing package – still lies ahead.

Financings May 13, 2026 · 10:30

McEwen’s earnings blow past estimates as gold boom accelerates, but NevGold’s antimony buzz steals the macro spotlight.

Drill Results May 11, 2026 · 04:30

Goliath’s expanded advisory board and imminent 50,000m drill campaign adds modest luster to McEwen’s diversified portfolio, as the copper moonshot IPO approaches.

Drill Results