McEwen's Grey Fox Project PFS Reveals $841M Post-Tax NPV, 55% IRR at Current Gold Prices
MUX has more than doubled off its 52-week low of $8.95.
Summary
McEwen Inc. announced highly positive Pre-Feasibility Study results for its 100%-owned Grey Fox Project, which is projected to extend the Fox Complex mine life by 15 years to 2041. The study shows a post-tax NPV (5%) of $841 million and an Internal Rate of Return (IRR) of 55% at current gold prices of $4,500 per ounce, with a rapid payback period of 2.3 years. This project is expected to significantly boost gold production, averaging approximately 87,000 ounces annually from 2028 through 2041, contributing to the company's goal of 250,000-300,000 gold equivalent ounces by 2030. The initial capital expenditure of $181 million is anticipated to be funded internally, avoiding shareholder dilution. This news builds on a series of recent positive developments, including strong Q1 2026 results and a significant dividend from its McEwen Copper subsidiary.
At the time of this announcement, MUX was trading at $18.40 on NYSE in the Industrial Applications And Services sector, with a market capitalization of approximately $1.1B. The 52-week trading range was $8.95 to $29.70. This news item was assessed with positive market sentiment and an importance score of 9 out of 10. Source: GlobeNewswire.