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McEwen Mining Acquires Stake in Paragon Geochemical

Story Highlights
  • McEwen Inc. acquired a 31% stake in Paragon Geochemical for CDN$15.3 million.
  • Paragon leads in PhotonAssay™ technology, enhancing McEwen’s mining innovation and growth.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
McEwen Mining Acquires Stake in Paragon Geochemical

TipRanks Cyber Monday Sale

The latest update is out from McEwen Mining ( (MUX) ).

On November 3, 2025, McEwen Inc. announced its acquisition of a 31% equity interest in Britannia Mining Solutions Inc., operating as Paragon Geochemical Laboratories Inc., for CDN$15.3 million. Paragon is a leader in PhotonAssay™ technology, which offers rapid and accurate assaying of precious and base metals, and is expanding its operations globally. This strategic investment positions McEwen as Paragon’s largest shareholder, with plans to enhance its board presence, reflecting McEwen’s commitment to innovation and growth in the mining sector.

The most recent analyst rating on (MUX) stock is a Buy with a $21.50 price target. To see the full list of analyst forecasts on McEwen Mining stock, see the MUX Stock Forecast page.

Spark’s Take on MUX Stock

According to Spark, TipRanks’ AI Analyst, MUX is a Neutral.

McEwen Mining’s overall stock score is primarily impacted by its financial performance and technical analysis. The company faces significant financial challenges with negative profitability and cash flow issues, while technical indicators suggest bearish momentum. Valuation concerns further weigh on the score, with a negative P/E ratio and no dividend yield. Despite positive guidance from the earnings call, the overall outlook remains cautious.

To see Spark’s full report on MUX stock, click here.

More about McEwen Mining

McEwen Inc. is a mining company that provides exposure to gold and silver production, as well as a large copper development project in the Americas. Its operations are located in mineral-rich regions such as Nevada, USA, Ontario, Canada, and Santa Cruz, Argentina. The company is also considering reactivating a mine in Mexico. McEwen is committed to building profitability and share value, with a focus on sustainable mining practices.

Average Trading Volume: 1,728,280

Technical Sentiment Signal: Strong Buy

Current Market Cap: $875M

For an in-depth examination of MUX stock, go to TipRanks’ Overview page.

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