McEwen Mining Corp. announced on July 2, 2025, that it has signed a milling agreement with Inventus Mining Corp. for the processing of bulk sample material from Inventus' 100%-owned Pardo Gold Project in Ontario. This agreement allows Inventus to process up to 5,000 tonnes per month, for a total of up to 45,000 tonnes, at McEwen's Stock Mill.
A previous 1,000-tonne bulk sample from Pardo, processed at the Stock Mill in 2017, yielded an average grade of 4.2 gpt gold with an 89% recovery rate. Bulk sample extraction at the 007 North pit is currently progressing, with waste removed and gold mineralization being prepared for crushing and trucking to the Stock Mill.
Processing of the 007 North material is expected to commence in late July, with a series of planned bulk samples continuing into the first half of 2026. This agreement is a significant milestone, demonstrating the economics of near-surface flat-lying gold mineralization at Pardo and providing potential revenue for McEwen's Stock Mill.
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