McEwen Mining Inc. MUX Archives

WednesdayFeb 05, 2025 9:10 am

QualityStocksNewsBreaks – McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) Announces Gold Resource Increase at Fox Complex’s Grey Fox Deposit

McEwen Mining (NYSE: MUX) (TSX: MUX) reported a significant increase in estimated gold resources at the Grey Fox deposit within its Fox Complex, compared to its 2021 estimate. The discovery cost was $14.46 per ounce, with mineralization located near the historically productive Porcupine-Destor fault. The increase is attributed to exploration drilling, a higher gold price assumption of $2,000 per ounce versus $1,725 in 2021, and a lower cut-off grade of 1.60 g/t gold. Chairman Rob McEwen stated that the expanded resources will support higher annual production and extended mine life. A complete resource update is expected in the coming weeks.…

MondayFeb 03, 2025 11:55 am

QualityStocksNewsBreaks – McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) Reports Increased Gold Resources at Grey Fox Deposit

McEwen Mining (NYSE: MUX) (TSX: MUX) announced a significant increase in estimated gold resources at the Grey Fox deposit within its Fox Complex as of Dec. 31, 2024, compared to its 2021 estimate. The discovery cost averaged $14.46 per ounce, with new exploration drilling and higher gold prices contributing to the resource expansion. The updated resource estimate reflects a lower cut-off grade due to gold price adjustments from $1,750 to $2,000 per ounce. Chairman Rob McEwen stated that the expanded resources will support increased annual production and extended mine life. A full resource update is expected in the coming weeks.…

MondayFeb 03, 2025 11:45 am

AI Alliance in Europe Announces LLM to Rival DeepSeek and Silicon Valley

As the AI dominance of Silicon Valley comes under attack from upstarts like DeepSeek, an alliance in Europe is planning to up the ante with its ambition to come up with European-grown alternatives that are as good as or even better than the existing artificial intelligence options. The project, dubbed OpenEuroLLM, aims to develop next-gen open source Large Language Models to enable the continent to have leaders in the digital age and to make public services across the continent have access to cutting-edge tools that are homegrown. The alliance will create foundation models which support the languages on the continent…

ThursdayJan 30, 2025 10:25 am

McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) Featured in New Video Series by Allan Barry Laboucan

McEwen Mining (NYSE: MUX) (TSX: MUX), an asset rich diversified gold and silver producer with a large exposure to copper through its McEwen Copper subsidiary, was recently featured in a new video series launched by Allan Barry Laboucan called “Insights into Drilling.” Allan has spent 30 years of his life watching drill results, drill programs, drill models and reasons for drilling. He sees it as the lifeblood of the mining business. In an email to subscribers introducing the first video of the series, he wrote, “McEwen Mining has catalysts from their world-class copper development project, strong improvement to their bottom…

MondayJan 27, 2025 12:49 pm

QualityStocksNewsBreaks – McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) Positioned Amidst Growing Demand in AI Sector

McEwen Mining (NYSE: MUX) (TSX: MUX) is positioned to benefit from the surging demand for crucial minerals in the AI industry. A recent article highlights this opportunity demonstrated in strategic moves taken by Isreal and the U.S. “The government in Israel has set up a new office based at the Defense Ministry. This office will superintend over the development of technology focused on AI and autonomy. Dubbed the AI & Autonomy Administration, this team will operate under the auspices of the ministry’s defense research and development directorate. The directorate plays a crucial role in Israel’s military technology space,” the publication reads. “It should…

ThursdayJan 23, 2025 10:00 am

McEwen Mining (NYSE: MUX) (TSX: MUX) Caps 2024 with Transformative Investments, Exploration Wins

McEwen Copper secured a $35 million investment from Nuton, a Rio Tinto venture, to advance the Los Azules project in Argentina. Operational efficiencies resulted in a 12% reduction in production costs, showcasing the company’s resilience and focus on value creation. Promising exploration results at the Grey Fox project opened new opportunities for growth. McEwen Mining (NYSE: MUX) (TSX: MUX) concluded 2024 with several pivotal developments that reinforced its position in the mining industry. From securing significant investments to achieving regulatory milestones, the final quarter marked a period of transformative progress for the company. One of the most notable highlights was…

FridayJan 17, 2025 2:24 pm

QualityStocksNewsBreaks – McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) Offers Diversified Approach for Today’s Landscape

McEwen Mining (NYSE: MUX) (TSX: MUX) was featured in a recent article that discussed its positioning as a key player in the precious metals market while offering exposure to growth trends. “As gold continues to shine as a pillar of stability, investors seeking exposure to the precious metals sector should take a close look at McEwen Mining (NYSE: MUX) (TSX: MUX). McEwen Mining combines the traditional value of gold and silver with promising growth prospects, providing a diversified approach for investors. With operations spanning across the United States, Canada, Mexico, and Argentina, McEwen Mining stands out as a well-established and diversified…

TuesdayJan 14, 2025 9:30 am

UK Premier Announces Plan to Grow Domestic AI Capability Twentyfold by 2030

UK’s Prime Minister Keir Starmer has set his sights on making the UK a global superpower in the AI space. He wants the industry to grow and create rivals to OpenAI in a move calculated to significantly grow domestic computing power so that technologies vital to national security are innovated within the country. Of special interest to the government is the need to quickly expand AI data center capacity so that developers can have the needed infrastructure to rapidly deploy powerful foundational artificial intelligence models. It is noteworthy that a bold target of growing AI computing capacity by twentyfold has…

MondayJan 13, 2025 1:48 pm

QualityStocksNewsBreaks – McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) Eyes Opportunity in Race to Establish AI Sector Infrastructure

McEwen Mining (NYSE: MUX) (TSX: MUX) was highlighted in a recent article that discussed favorable positioning of the United States in the AI sector. “Sam Altman, the CEO of OpenAI, has voiced his confidence in President-elect Donald Trump supporting the AI sector and ensuring that America, together with its allies, retain pole position in this nascent industry. Altman was speaking during a recent interview with Fox News,” the publication reads. “During the interview, Altman highlighted the need for support in the form of massive infrastructure… for the U.S. to stamp its leadership on AI technology and AI capabilities.” “Tech giants like…

WednesdayJan 08, 2025 9:30 am

Israel Announces New Hub to Expedite Military AI and Autonomy Research

The government in Israel has set up a new office based at the Defense Ministry. This office will superintend over the development of technology focused on AI and autonomy. Dubbed the AI & Autonomy Administration, this team will operate under the auspices of the ministry’s defense research and development directorate. The directorate plays a crucial role in Israel’s military technology space. Officials revealed that the purpose of this new office is to revolutionize the war capabilities of every section of the military so that the IDF (Israel Defense Forces) maintains its operational superiority within the region. The office will bring…

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