$MUX.TO

Goliath Resources Launches 50,000 Meter Expansion Drill Program On Surebet Discovery

Goliath Resources (GOT.V) has commenced a 50,000-meter expansion drill program at the Surebet discovery on its Golddigger property in British Columbia.Two drills are currently on site and five additional drills are expected to arrive shortly.The campaign is designed to expand the known mineralization laterally and to depth in order to test the extent of the Surebet discovery, as well as the potential location of the Motherlode feeder source. The system remains open in multiple directions, Goliath said.Expansion drilling will focus on extending the footprint of the Bonanza zone and Golden Gate zone to the east, northeast and southwest, as well as expanding the Surebet zone to the west and testing other gold-rich mineralized lodes/veins that remain open."Each season the Surebet high-grade gold discovery gets bigger and delivers pleasant surprises, we are delighted to get the 2026 drilling season underway," chief executive Roger Rosmus said.Goliath's key strategic cornerstone shareholders include McEwen (MUX.TO).

Update: -- Goliath Resources Says "Drills Are Turning" At Fully Funded 50,000 Meter Expansion Program On High-Grade Gold Surebet Discovery, Golden Triangle, B.C.

McEwen Mining Receives US$49.4 Million Dividend from San Jose Mine

McEwen Mining (MUX.TO) has received a US$49.4 million dividend from the San Jose mine in Argentina, the company said in a Thursday news release.This brings total dividends received from San Jose in 2026 to $58.2 million, already exceeding the company's original full-year expectation of $40 million to $50 million.At current gold and silver prices, and assuming operations perform as expected, McEwen expects to fund much of its planned production growth through cash generated by its own assets.The company aims to double production to 250,000 to 300,000 gold equivalent ounces by 2030.McEwen's attributable production from its 49% interest in San Jose is expected to be 59,000 to 64,000 GEOs in 2026.At March 31, 2026, McEwen held $56.5 million in cash and cash equivalents, $13.5 million in marketable securities, $15.7 million face value of McEwen Copper loan, and $457 million and $20.4 million market value of investments in McEwen Copper and Paragon Advanced Labs, respectively.Debt consists of $110 million long-term convertible notes maturing in 2030 and $20 million under a loan term facility.

McEwen Adds "Strong Cash Generation Supports Growth Without Meaningful Share Dilution"

McEwen Says Received US$49.4 Million Dividend from San Jose Mine

McEwen Copper Appoints Societe Generale as Financial Advisor for Project Debt Financing of Los Azules

McEwen Copper (MUX.TO, MUX) on Thursday said it retained Societe Generale to act as its sole financial advisor in connection with project debt financing of the company's Los Azules copper project in Argentina.Societe Generale will lead the structuring and arrangement of a senior debt package to fund the construction of the project. Its scope of work spans both preparatory and implementation phases and includes development of the financing strategy; coordination of lenders' technical, market, environmental and social, insurance, audit and tax due diligence; preparation of the lenders' information package; and assistance with the negotiation."Bringing Societe Generale on board marks a significant step in advancing Los Azules toward construction," said Michael Meding, managing director of McEwen Copper. "Societe Generale's global project finance platform and long-standing relationships with the export credit agency, multilateral and commercial banking community make them an ideal partner to help us assemble a robust, competitively priced debt package for one of the world's largest undeveloped copper projects."Shares of the company closed down $1.59 to $33.91 on the Toronto Stock Exchange.

Iconic Minerals Up 10% After Starting First Phase of Exploration Program at New Pass Gold Property, Nevada

Iconic Minerals (ICM.V) shares rose 10% on Friday after completion of preparations for a major drilling program at the New Pass gold property in Churchill County, Nevada.American Drilling Corporation of Spokane, Washington, which has been contracted to provide HQ core drilling at New Pass, has mobilized its drilling equipment to the property and is expected to arrive within the next seven days, it said. New Pass is being explored under a joint venture agreement with McEwen Mining (MUX.TO) with Iconic as the operator.The exploration program will test extensions of the current resource and geophysical anomalies identified in a recent survey, the company said. The 2,140-hectare property is located along a prospective Carlin-type gold trend about 150 miles east of Reno.Shares of the company were last seen up $0.01 at $0.105 on the TSX Venture Exchange.Price: $0.11, Change: $+0.01, Percent Change: +10.53%

McEwen Mining Swings to Net Income in Q1

McEwen Mining (MUX.TO) swung to a net income year over year in the first quarter on increased production and higher gold prices, the company said late on Wednesday.Net income was US$33.4 million, or $0.56 per share, swinging from a net loss of $6.3 million, or a loss of $0.12 per share.Adjusted EBITDA was $44.8 million, or $0.76 per share, rising from $8.7 million, or $0.16 per share. The result beat the earnings per share consensus estimate of $0.43 as compiled by FactSet.Revenue was $74.0 million, up from $35.7 million. The average realized gold sale price per gold equivalent ounce was $4,792, up from $2,803.Full-year 2026 production guidance was maintained at 114,000 to 126,000 GEOs.The company also detailed its plan to increase production to 250,000 to 300,000 GEOs by 2030.In Canada, McEwen is advancing growth projects to increase production to 105,000 to 120,000 GEOs by 2030, from 16,000 to 19,000 GEOs in 2026.In Nevada, the company expects production to more than double to 90,000 to 110,000 GEOs by 2030, from 39,000 to 43,000 GEOs in 2026, driven by production from Lookout Mountain, Windfall and Trinity Ridge.In Mexico, McEwen is forecasting 20,000 GEOs production per year starting in mid-2027.

McEwen and Golden Lake Exploration Announce Closing of Arrangement

McEwen (MUX.TO, MUX) and Golden Lake Exploration (GLM.CN) late Thursday announced the completion of the previously announced business combination between the companies by way of statutory plan of arrangement.Under the terms of the arrangement, each holder of common shares of Golden Lake received 0.003876 McEwen common shares for each Golden Lake share held, said the company."Outstanding stock options of Golden Lake were exchanged for replacement options of McEwen on an equivalent economic basis, with adjusted exercise prices, exercisable within 90 days following the closing of the Arrangement, in accordance with the terms of Golden Lake's stock option plan," said the company.The shares of Golden Lake are expected to be delisted from the Canadian Securities Exchange effective as of the close of market on April 30, 2026, stated the company."Golden Lake will submit an application to cease to be a reporting issuer under applicable Canadian securities laws and to otherwise terminate its public reporting requirements," added the company.