McEwen Mining Inc. reported that the latest drill program at its Froome Mine in the Fox Complex has pushed high‑grade gold mineralization 50 meters west of the existing mine footprint and confirmed that the mineralization remains open at depth. The new data were collected during the Froome West drill program, which is now active and will continue into the first quarter of 2026.
The most striking intercepts include 7.7 gpt of gold over a true width of 20.4 m and 23.5 gpt over 3.7 m. These figures represent some of the highest grades the company has seen in the Fox Complex and demonstrate that the gold zone extends well beyond the current mine limits, providing a clear path for additional resource development.
By extending the mineralized zone laterally and confirming depth continuity, the results are expected to lengthen the mine life and improve the defined ounces per vertical meter metric. A higher ounces‑per‑meter figure translates into lower production and development costs per ounce, which should enhance the overall economics of the Froome operation and support McEwen’s target of 60,000 oz of gold production by 2027.
Management stated that the new data will be incorporated into an updated resource estimate slated for release at the end of February 2026. The company also indicated that mining of the newly identified high‑grade areas is anticipated during the first half of 2026, leveraging recently completed underground infrastructure to accelerate production.
Investor reaction to the announcement was muted, with limited market movement. Analysts noted that while the drill results are encouraging, broader market conditions and sector rotation may have tempered the immediate response.
The company’s outlook remains positive: the updated resource estimate will provide a clearer picture of the mine’s potential, and the planned mining of the new zones in 2026 should help sustain production levels and support McEwen’s long‑term growth strategy.
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