Rob McEwen, the Chairman and Chief Owner of McEwen Inc., has personally invested more than US$290 million in the company. This substantial financial commitment shows his alignment with the interests of shareholders. McEwen’s dedication is demonstrated through the continued development of the company’s projects and initiatives, which are key to its expansion and long-term value creation.
McEwen Inc. recently acquired a 27.3% stake in Paragon Advanced Labs Inc., a newly listed public company that is deploying PhotonAssay™ units worldwide. This innovative technology is expected to become a new standard in assaying precious and base metals. Paragon aims to lead in this service area, which supports McEwen Inc.'s broader growth strategy.
Copper Project and Environmental Goals
McEwen’s ownership in McEwen Copper is estimated at US$457 million, based on the company’s latest financing. The Los Azules copper project in San Juan province, Argentina, is being developed to become one of the first regenerative copper mines globally.
The long-term goal of the Los Azules project is to achieve carbon neutrality by 2038. This objective is backed by a feasibility study from October 7, 2025, which outlines the project's strong economic potential and environmental focus. The study demonstrates how McEwen Inc. plans to balance profitability with sustainability in its future operations.
Operations Across the Americas
McEwen Inc. operates gold and silver mines in several key regions across the Americas. These locations include the Cortez Trend in Nevada, USA, and the Timmins district in Ontario, Canada. The company also has operations in Flin Flon, Manitoba, Canada, and the Deseado Massif in Santa Cruz province, Argentina.
The company is currently working to reactivate its El Gallo Mine in Mexico. This project represents an important step in expanding production and operational efficiency. McEwen Inc. aims to increase its production capacity across the Americas while maintaining environmental responsibility as a priority.
McEwen’s long-term objective is to significantly enhance the value of shareholder investments. This goal is supported by his history of success, including his leadership in building Goldcorp Inc. His achievements have earned him prestigious honors, such as the Order of Canada, membership in the Canadian Mining Hall of Fame, and the EY Entrepreneur of the Year (Energy) award.
The Los Azules copper project in San Juan province, Argentina, is located in a region with significant copper resources. This area’s geological potential supports the company’s confidence in the project’s long-term viability. McEwen Inc. is combining this strategic resource base with environmental considerations to set a new benchmark in the mining industry.
McEwen Inc. This strategic focus allows the company to leverage its assets in regions known for their mineral-rich geology, such as the Cortez Trend in Nevada, USA, and the Timmins district of Ontario, Canada.
The company’s gold and silver operations are situated in highly prolific regions, including Flin Flon in Manitoba, Canada, and the Deseado Massif in Santa Cruz province, Argentina. These areas are known for their rich mineral deposits and have historically supported successful mining activities. The company also plans to expand production by reactivating its El Gallo Mine in Mexico.
McEwen Inc. has a 46.3% interest in McEwen Copper, which owns the advanced-stage Los Azules copper development project in San Juan province, Argentina. The project is positioned to become one of the world’s first regenerative copper mines, with a target of carbon neutrality by 2038.
Expansion into Mining Technology
Additionally, McEwen Inc. has recently expanded its presence in the mining technology sector by acquiring a 27.3% stake in Paragon Advanced Labs Inc. Paragon is a newly listed public company that is deploying PhotonAssay™ units worldwide. This technology is expected to become a new industry standard for assaying precious and base metals, with Paragon aiming to be a leading service provider in this field. This strategic investment aligns with McEwen Inc.’s vision of integrating innovative technologies into its operations to enhance efficiency and accuracy.
McEwen Inc. shares trade on both the NYSE and TSX under the ticker symbol MUX. This dual listing allows the company to reach a broader investor base and enhances its visibility in the global mining sector. The company’s operations and development projects are designed to create value for shareholders while maintaining a strong focus on environmental responsibility and operational efficiency.