McEwen Mining Inc. issued minor corrections on February 5, 2025, to its previously released press release regarding the Grey Fox gold resources. The company clarified that the resource statements themselves remain unchanged, with the core numbers for indicated and inferred resources holding steady.
The corrections primarily relate to specific figures in Table 2, detailing percentage differences between the 2021 and December 2024 estimates. Additionally, the gold price used in the 2021 calculation was $1,725, not $1,750, and the recovery rate was 85%, not 90%.
These adjustments are minor and do not alter the overall significant increase in gold resources reported for the Grey Fox deposit. The company emphasized that the fundamental resource estimates are unaffected by these corrections.
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