MUX

McEwen Mining (MUX) announced the sale of its Fuller and Paymaster mining interests and surface-rights parcel to Dome Mine Ltd. (a Discovery Mining subsidiary) for $55 million ($5M cash, $50M in Discovery shares). The proceeds will fund operations and development, allowing MUX to focus on its core assets while targeting 250,000-300,000 gold-equivalent ounces by 2030 with minimal share dilution. MUX missed Q2 earnings and revenue estimates, while peers Wheaton Precious Metals, SSR Mining, and Teck Resources outperformed consensus expectations.

McEwen Inc. has agreed to sell its Fuller and Paymaster properties in Timmins, Ontario to Discovery Mining's subsidiary Dome Mine Ltd. for US$55 million (US$5M cash, US$50M in Discovery shares). The proceeds will support McEwen's growth strategy targeting 250,000-300,000 gold equivalent ounces annually by 2030, with major projects including Stock Mine production in Q4 2026 and El Gallo construction in Mexico.