- Business
- McEwen Inc., formerly McEwen Mining Inc., engages in the exploration, development, production, and sale of gold and silver deposits in the United States, Canada, Mexico, and Argentina; it also explores for copper deposits. The company, incorporated in 1979 and headquartered in Toronto, Canada, owns 100% interests in the Gold Bar gold mine in Nevada, United States; the Fox Complex in Ontario, Canada, comprising underground operations at the Froome mine, Stock West, Grey Fox, and Fuller projects; and the El Gallo Complex and Fenix silver-gold project in Sinaloa, Mexico. It holds a 49% interest in the high-grade San José silver-gold mine in Santa Cruz, Argentina, and a 47.7% interest in the Los Azules copper project in San Juan, Argentina, through McEwen Copper Inc.; additional exploration properties are located in Nevada, Canada, Mexico, and Argentina. McEwen Inc. produces gold dore and bullion, silver, and copper, reporting output in gold equivalent ounces (GEOs), with 2024 production estimated at 130,000 to 145,000 GEOs across its operations. In June 2025, the company changed its name from McEwen Mining Inc. to McEwen Inc.; McEwen Copper secured a $25 million non-revolving loan in June 2025 for working capital and feasibility studies on Los Azules, which updated its mineral resources to 2 billion tons and received preliminary financing proposals exceeding $1.1 billion ahead of a Q1 2025 feasibility study. Recent developments include the acquisition of a 31% interest in Paragon Geochemical Laboratories Inc. in November 2025 for PhotonAssay services, new drill results at the Gold Bar Mine Complex expanding oxide and high-grade zones, plans to advance the Fenix project with initial milling for 18,000 to 26,000 ounces of gold annually, and a joint venture with Host Sixth Mining of Peru in southern Argentina.