McEwen Mining Inc. announced on May 1, 2025, that it has signed a Memorandum of Understanding (MOU) with Inventus Mining Corp. to evaluate the use of McEwen's Stock Mill for processing material from Inventus' 100%-owned Pardo Gold Project.
If deemed feasible by both companies, Inventus intends to extract and process up to 45,000 tonnes of gold-bearing material from its Pardo Gold Project at the Stock Mill over the next 12 months. A previous 1,000-tonne bulk sample processed at the Stock Mill in 2017 returned a grade of 4.2 gpt gold.
Under the terms of the MOU, McEwen will seek necessary regulatory approvals and process the material in discrete batches, with gold refined and credited to Inventus' account. This arrangement could provide additional revenue for McEwen's Stock Mill and demonstrates a collaborative approach to regional mining opportunities.
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