Fox complex: extending mine life; a new mine at the stock property; exploration has driven the prospect of earlier cash flow

Toronto, june 20, 2024 (globe newswire) -- mcewen mining inc. (nyse: mux) (tsx: mux) is pleased to report on the progress at the fox complex, where we are advancing a new mine on the stock property. production is planned to start in the second half of 2025. pre-construction activities of the stock portal have commenced, which will allow access to mining of the three gold zones, west, main and east. in addition, the portal will provide cost-effective underground drill platforms to enable testing for expected depth extensions of these three zones. recent exploration resulted in a 29% increase in the estimated gold resources for stock's east zone. the fox complex is comprised of several properties, including stock, and has measured and indicated gold resources of 1,905,000 ounces at average grade of 4.20 g/t au and inferred gold resources of 549,000 gold ounces at average grade of 3.60 g/t au.
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