Rockbreaks Mcewen Mining Inc. (NYSE: MUX) (TSX: MUX) Reports 2024 Production Within Guidance Sets 2025 Outlook Makes Strategic Investment In Goliath Resources

(MENAFN- Investor Brand Network) McEwen Mining (NYSE: MUX) (TSX: MUX) , announced full-year 2024 consolidated production of 135,900 gold equivalent ounces (“GEOs”), aligning with its annual guidance. Gold Bar and San José mines exceeded expectations with 44,600 and 60,100 GEOs, respectively, while the Fox Complex fell short at 30,150 GEOs due to a stope failure in early 2024. For 2025, MUX projects production between 120,000 and 140,000 GEOs, influenced by the transition at Fox from the Froome mine to the Stock mine, which is now expected to reach commercial production in early 2026. Gold Bar's production will be weighted toward the second half of the year as high waste stripping in the Pick pit concludes, setting up stronger ore availability for late 2025 and 2026.

MUX is further strengthening its position in the gold sector through a C$10 million strategic investment in Goliath Resources Ltd. (TSX.V: GOT) (OTCQB: GOTRF) (FSE: B4IF), acquiring 3.76% of the company's outstanding shares. The deal underscores MUX's interest in Goliath's Surebet high-grade gold discovery in British Columbia's Golden Triangle, a prolific mining jurisdiction. In return, Goliath Resources will own 868,056 shares of MUX, aligning both companies in their exploration and mining efforts. MUX Chairman Rob McEwen emphasized the potential of Surebet's high-grade gold system, noting its rapid advancement and the region's history of significant discoveries. Meanwhile, MUX continues advancing its own operations, including an updated resource estimate for the Fox Complex in early 2025 and a large-scale drilling campaign supporting its gold and copper projects.

To view the full press releases, visit and

About McEwen Mining Inc.

McEwen Mining is a gold and silver producer with operations in Nevada, Canada, Mexico and Argentina. In addition, the company owns approximately 47.7% of McEwen Copper, which is developing the large, advanced-stage Los Azules copper project in Argentina. The company's goal is to improve the productivity and life of its assets with the objective of increasing the share price and providing a yield. Rob McEwen, chair and chief owner, has a personal investment in the company of $220 million and takes an annual salary of $1. To learn more about the company, visit .

NOTE TO INVESTORS: The latest news and updates relating to MUX are available in the company's newsroom at

About Rocks & Stocks

Rocks & Stocks (“R&S”) is a specialized communications platform delivering deep insights into the mining industry. It is one of 70+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets ; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions . With broad reach and a seasoned team of contributing journalists and writers, R&S is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today's market, R&S brings its clients unparalleled recognition and brand awareness.

R&S is where breaking news, insightful content and actionable information converge.

To receive SMS alerts from Rocks & Stocks, text“Rocks” to 888-902-4192 (U.S. Mobile Phones Only)

For more information, please visit

Please see full terms of use and disclaimers on the Rocks & Stocks website applicable to all content provided by R&S, wherever published or re-published: /Disclaimer

Rocks & Stocks
Austin, Texas
RocksAndStocks
512.354.7000 Office
[email protected]

Rocks & Stocks is powered by IBN

MENAFN29012025000224011066ID1109145007