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2 hours ago
McEwen Mining (NYSE:MUX) has significantly expanded the gold resource at its Grey Fox deposit, part of the Fox Complex in Northern Ontario.
Since the last estimate in 2021, Grey Fox's indicated gold resource has increased by 32% to 1.54 million ounces, while inferred resources have nearly doubled to 458,000 ounces. The total gold resource has grown by nearly 50% over three years.
"Our investment in exploration on the Fox Complex properties has successfully expanded our gold resources, which will enable us to both increase annual production and extend the mine life," said Chairman Rob McEwen.
The company credits its success to extensive exploration drilling and higher ...
