McEwen Mining highlights promising drill results at Tartan

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

On January 13, 2026, McEwen Inc. reported final drill results for its newly acquired Tartan Mine Project near Flin Flon, Manitoba, highlighting a standout intercept of 7.5 grams per tonne (g/t) gold over 18.9 metres along the Western Flank of the Main Zone, following its January 5, 2026 acquisition of Tartan via the purchase of Canadian Gold Corp. The company said these results, together with prior late‑2025 intercepts of up to 12.3 g/t gold over 14.0 metres, have extended gold mineralization about 30 metres west over an 80‑metre vertical range and expanded the Main Zone’s strike length at depth, supporting the view that Tartan is a rare high‑grade Canadian gold project with strong potential to increase ounces per vertical metre and support a potential mine restart at lower costs. McEwen is budgeting $3 million for 2026 exploration at Tartan, with additional high‑priority targets identified on the Eastern Flank, at depth in the Main Zone, in the South Zone and regionally along the Tartan Lake Shear Zone, underscoring Tartan’s role as a prospective key growth driver as the company works toward its long‑term production and value‑creation goals.

The most recent analyst rating on (MUX) stock is a Hold with a $24.00 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.

The score is held back primarily by weak financial performance (ongoing losses and negative free cash flow) and a negative P/E. These are partly offset by constructive technical momentum and a moderately positive outlook from guidance and recent strategic/project-related corporate developments.

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

More about McEwen Mining

McEwen Inc. (NYSE/TSX: MUX) is a precious metals producer providing shareholders exposure to a growing base of gold and silver production and a large copper development project across the Americas, with operating and development assets in Nevada, Ontario, Manitoba, Argentina and Mexico. The company also holds a 46.4% interest in McEwen Copper, owner of the advanced-stage Los Azules copper project in Argentina, and a 27.3% stake in Paragon Advanced Labs, which is rolling out PhotonAssay™ technology for assaying precious and base metals, positioning McEwen at the intersection of mining production and emerging assay technologies.

Average Trading Volume: 1,277,743

Technical Sentiment Signal: Buy

Current Market Cap: $1.36B

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