McEwen Inc (TSE: MUX) (NYSE: MUX) (FRA: US8) is celebrating a key safety milestone at its Gold Bar mine in Nevada. As of Mar. 25, the site has now gone six full years with zero lost time incidents.
That record means no worker has missed a single shift because of an injury over that long stretch. The company credits its success to a safety culture where every employee and contractor stays alert and follows safe practices every day.
Team members and leaders say this kind of focus does not happen by accident. It takes daily effort from everyone on site.
“Proud to be part of this team,” said ESG Coordinator Eve Miller, “the safety culture here is genuine and contagious in all the good ways.”
This achievement at Gold Bar shows how McEwen approaches its work in Nevada. The company runs the open-pit operation there while also making other moves in the state’s gold areas.
McEwen holds a 4 per cent stake in NevGold Corp (CVE: NAU) (OTCMKTS: NAUFF) (FRA: 5E50), a smaller explorer active to the east of Gold Bar in White Pine County. Additionally, the firm is close to finalizing its acquisition of local operator Golden Lake Exploration Inc (CNSX: GLM) (OTCMKTS: GOLXF).
Read more: NevGold reports high-grade antimony-gold hits as Limo Butte resource estimate nears
Observers perceive McEwen’s Manitoba MRE favourably
McEwen just released a new gold resource estimate for its Tartan project in Canada. The update lists 309,000 ounces in the indicated category and 303,000 ounces in the inferred category.
Crews gathered the data through steady drilling that highlights room to grow along the edges and deeper down.
Market observers reacted to McEwen Mining’s Tartan resource estimate with a mix of measured support and caution. H.C. Wainwright raised its price target on the stock to US$29.50 from US$21.50 and kept a Buy rating while Roth MKM (Roth Capital) increased its target to US$35 from US$30 and maintained a positive stance.
Many see the estimate as a practical step that fits the company’s plan to increase output over time. Analysts viewed the roughly 611,600 combined ounces as helpful for the company’s longer-term goal of growing production, though many noted it did not dramatically change near-term expectations.
Despite the recent slump in gold prices, Tartan gives McEwen a solid Canadian holding that could restart production with relatively few changes. Tartan produced approximately 47,000 gold ounces in the late 1980s. McEwen is targeting an initial 30,000 ounces per annum.
Gold pricing drove success in 2025
The mining company turned in solid numbers for the fourth quarter and full year of 2025. McEwen reported net income of US$38.1 million, or 70 cents per share, for the last three months of the year.
That marks a clear improvement from a net loss of US$8.2 million, or 16 cents per share, in the same period of 2024.
For all of 2025, McEwen posted net income of US$34.4 million, or 64 cents per share, against a US$43.7 million loss the year before.
The firm’s mines produced 115,687 gold-equivalent ounces. Cash and cash equivalents rose to US$51 million while working capital improved to a positive US$44 million.
These figures give McEwen more room to move on its growth plans. Still, the company faces challenges ahead. Gold prices have been swinging sharply, and expanding or restarting mines often runs into delays from permitting, rising costs or technical hurdles.
Read more: NevGold mobilizes drill on Limo Butte historical pads, eyes 2027 antimony production
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