McEwen Mining completes business combination with Canadian Gold

McEwen Mining ( (MUX) ) has provided an announcement.

On January 6, 2026, McEwen Inc. announced the completion of its previously agreed business combination with Canadian Gold Corp., following Canadian Gold shareholders’ approval on December 5, 2025 and a final order from the British Columbia Supreme Court on December 10, 2025. The deal, effective January 5, 2026, exchanges each Canadian Gold share for 0.0225 McEwen shares, and will result in Canadian Gold being delisted from the TSX Venture Exchange as of market close on January 7, 2026 and seeking to cease reporting issuer status, while former Canadian Gold shareholders must follow set procedures to exchange their certificates for McEwen shares. To comply with New York Stock Exchange requirements, McEwen and Canadian Gold amended their arrangement so that all Canadian Gold shares held by Chairman and Chief Owner Rob McEwen are exchanged for subscription receipts that convert into McEwen shares only upon future shareholder approval, or are settled in cash if such approval is not obtained, a change that applies solely to him and leaves other shareholders’ consideration unchanged, tightening corporate governance around insider participation in the transaction.

The most recent analyst rating on (MUX) stock is a Hold with a $20.50 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.

MUX scores mid-range primarily due to weak financial performance (negative margins and deeply negative free cash flow) which outweighs strengths elsewhere. Technicals are supportive with price above major moving averages and positive momentum, while valuation is constrained by losses (negative P/E). The latest earnings call and corporate updates are constructive—driven by Los Azules progress and permitting wins—but operational and permitting execution risks keep the overall score moderate.

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

More about McEwen Mining

McEwen Inc., listed on the NYSE and TSX under the symbol MUX, is a precious and base metals producer providing exposure to a growing base of gold and silver production and a large copper development project across the Americas. Its gold and silver operations are located in Nevada in the United States, Ontario in Canada, and Santa Cruz province in Argentina, with reactivation efforts underway at the El Gallo mine in Mexico. The company also holds a 46.4% stake in McEwen Copper, owner of the advanced-stage Los Azules copper project in Argentina, and has a strategic 27.3% interest in Paragon Advanced Labs Inc., which is deploying PhotonAssay™ technology for metals assaying worldwide.

Average Trading Volume: 1,433,914

Technical Sentiment Signal: Buy

Current Market Cap: $1.12B

Learn more about MUX stock on TipRanks’ Stock Analysis page.