Goliath Reports Numerous High-Grade Intercepts Including 24.16 g/t AuEq Over 7.00 Meters, Grade Values Increased By 19.6 % In 56 Gold Equivalent Drill Results, And Expands Vast Stacked Vein System At Surebet Discovery, Golden Triangle, B.C.
McEwen’s Multi-Asset Pivot Gains Traction as Los Azules Feasibility and High-Grade Gold Intercepts De-Risk 2030 Production Targets.
The most recent news (February 24, 2026) highlights significant drilling results from Goliath Resources' Surebet Discovery, where McEwen Inc. is a strategic cornerstone investor. Goliath reported high-grade intercepts including 24.16 g/t AuEq over 7.00 meters and a 19.6% increase in overall grade values across 56 holes when accounting for gold equivalents. The Surebet system has expanded to 5 mineralized zones with 46 gold-rich lodes. For McEwen Inc. specifically, the Q3 2025 results and subsequent January 2026 updates confirm the completion of the Canadian Gold Corp acquisition (Tartan Mine) and the publication of the Los Azules Feasibility Study, which boasts an after-tax NPV of $2.9B.
The news is Material - Positive. - Strategic Investments: McEwen’s 3.7% stake in Goliath Resources is being validated by consistent high-grade discovery news, providing significant "optionality" value. - Los Azules De-risking: The acceptance into Argentina’s RIGI (Incentive Regime for Large Investors) provides 30 years of fiscal stability, which is a fundamental game-changer for the $3.17B copper project. - Production Pipeline: The acquisition of the Tartan Mine and the transition from the aging Froome mine to the Stock Mine (H2 2025/early 2026) are critical to meeting the goal of doubling production to 250k-300k GEOs by 2030. - Financial Reporting: The ability to capitalize Los Azules development costs following the Feasibility Study will significantly improve reported Net Income by removing ~$15M-$18M in quarterly expenses.
McEwen Inc. is a gold and silver producer with operations in Nevada (Gold Bar), Ontario (Fox Complex), and Argentina (San José). Its flagship development asset is the Los Azules Copper Project in San Juan, Argentina. Los Azules is ranked as one of the world's largest undeveloped copper porphyry deposits, with a 21-year mine life and projected annual production of 327M lbs of copper at a C1 cash cost of $1.71/lb.