Project UpdateJul 22, 2026, 12:13 PM
McEwen Files NI 43-101 Technical Reports for Grey Fox & Nevada Projects
AI Summary
McEwen Inc. announced the filing of NI 43-101 technical reports for its Grey Fox Project in Ontario and the Lookout Mountain and Windfall deposits in Nevada. The Grey Fox report supports a Prefeasibility Study, outlining a 15-year project life with 980,300 gold ounces in Probable Reserves and a post-tax NPV (5%) of $282 million. The Lookout Mountain and Windfall report confirms 629,800 gold ounces in Indicated Mineral Resources and 262,000 gold ounces in Inferred Mineral Resources.
Key Highlights
- Grey Fox Project life of 15 years, extending Fox Complex production to 2041.
- Grey Fox Probable Mineral Reserves: 980,300 gold ounces at 3.24 g/t Au.
- Grey Fox post-tax NPV (5%) of $282 million, IRR 24.8% at $3,000/oz gold.
- Grey Fox additional Indicated Resources: 701,000 gold ounces.
- Lookout Mountain & Windfall Indicated Mineral Resources: 629,800 gold ounces.
- Lookout Mountain & Windfall Inferred Mineral Resources: 262,000 gold ounces.
- Lookout Mountain Indicated Resources: 402,300 gold ounces at 0.64 g/t Au.
- Windfall Indicated Resources: 227,500 gold ounces at 0.75 g/t Au.
Price Impact
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