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Stock impact report

McEwen Inc. (NYSE:MUX) Plans to Begin Construction at El Gallo Mine in Mid-2026 [Yahoo! Finance]

McEwen Inc. (MUX) 
Last mcewen inc. earnings: 3/16 05:01 pm Check Earnings Report
Company Research Source: Yahoo! Finance
On December 16, McEwen Inc. (NYSE:MUX) announced that the Mexican government had granted the extension of the Environmental Impact Assessment for the El Gallo Mine. McEwen can now initiate the Phase 1 Mill construction following this approval, while the company plans to begin the construction in mid-2026. The management anticipates the first gold pour by mid-2027, with the Phase 1 projected to produce approximately 20,000 gold Equivalent Ounces annually once commercial production begins. In addition to this, the company has also purchased the ball mill located on the site. McEwen has already started work on Phase 2, which focuses on the project's in-situ silver deposits. This can increase El Gallo's life well over the initial 10 years contemplated under Phase 1. In other news, on December 8, McEwen reported that it is expanding its three major areas at its Gold Bar Mine complex in the Eureka Mining District of Nevada. The goal is to enhance resources and increase mine life, leadi Show less Read more
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