McEwen Mining Inc. announced on June 5, 2025, that construction of the ramp system is now underway at its Stock Mine, part of the Fox Complex. This development marks a new chapter of growth, providing access to future lower-cost-per-ounce gold production.
The Stock Mine is expected to increase near-term gold production and decrease costs by eliminating an onerous 8% metal stream on the Froome mine, which obligated sales at $605 per ounce. Additionally, the softer material from Stock will enable greater mill throughput and gold output, and the on-site mill will eliminate 35 kilometers of hauling costs from Froome.
Mining is expected to commence in the East Zone of the Stock Mine in the second half of 2025, providing early production and cash flow. The Stock Property hosts current gold resources of 281,000 ounces indicated at an average grade of 3.12 g/t and 181,000 ounces inferred at an average grade of 2.87 g/t.
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