McEwen (NYSE: MUX) (TSX: MUX) and Canadian Gold Corp. (TSX-V: CGC) announced a definitive agreement under which McEwen will acquire all issued and outstanding shares of Canadian Gold in an all-share transaction valued at C$0.60 per share, representing a 96.7% premium to Canadian Gold’s prior closing price. Upon completion, expected in early January 2026, Canadian Gold will become a wholly owned subsidiary of McEwen, giving shareholders exposure to a diversified portfolio of producing assets and development projects. The acquisition adds the high-grade Tartan Lake Gold Mine Project in Manitoba to McEwen’s pipeline, enhancing its growth profile and leveraging operational synergies.
To view the full press release, visit https://ibn.fm/wHFAA
About McEwen
McEwen Inc. shares trade on both the NYSE and TSX under the ticker MUX .
McEwen provides its shareholders with exposure to a growing base of gold and silver production in addition to a very large copper development project, all in the Americas. The gold and silver mines are in prolific mineral-rich regions of the world, the Cortez Trend in Nevada, USA, the Timmins district of Ontario, Canada and the Deseado Massif in Santa Cruz province, Argentina. McEwen Inc. is also considering reactivating a gold and silver mine in Mexico.
It has a 46.4% interest in the large, long-life, advanced-stage Los Azules copper development project in San Juan province, Argentina – a region that hosts some of the country’s largest copper deposits. The Los Azules copper project is designed to be one of the world’s first regenerative copper mines and carbon neutral by 2038.
Rob McEwen, Chairman and Chief Owner, has a personal cost basis for his investment in the companies of over $200 million and takes a salary of $1 per year, aligning his interests closely with shareholders. He is a recipient of the Order of Canada, a member of the Canadian Mining Hall of Fame and a winner of the Ernest & Young Entrepreneur of the Year (Energy) award. His objective is to build MUX’s profitability, share value and eventually implement a dividend policy, as he did while building Goldcorp Inc.
NOTE TO INVESTORS: The latest news and updates relating to MUX are available in the company’s newsroom at https://ibn.fm/MUX
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