McEwen Mining: Grey Fox Gold Resources Hit a Significant Milestone
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McEwen Mining Inc. (NYSE: MUX) announced a significant increase in gold resources at its Grey Fox deposit, with a 32% rise in indicated resources and a 95% rise in inferred resources. The discovery cost was $14.46 per ounce.
February 03, 2025 | 3:00 pm
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McEwen Mining Inc. reported a significant increase in gold resources at its Grey Fox deposit, with a 32% increase in indicated resources and a 95% increase in inferred resources. This development could positively impact the company's stock price.
The substantial increase in gold resources at the Grey Fox deposit is a positive development for McEwen Mining, likely boosting investor confidence and potentially leading to a rise in stock price. The low discovery cost further enhances the attractiveness of this news.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100