McEwen Mining to Acquire Canadian Gold Corp

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

On June 27, 2025, McEwen Inc. entered into a binding letter of intent to acquire all outstanding shares of Canadian Gold Corp. through a court-approved plan of arrangement. This acquisition, if completed, will make Canadian Gold a wholly-owned subsidiary of McEwen, enhancing McEwen’s asset base with Canadian Gold’s Tartan Mine and exploration properties. The transaction offers Canadian Gold shareholders a 26% premium on their shares and access to McEwen’s resources. For McEwen, the acquisition adds a high-grade former producing mine with potential for re-commencing production and substantial exploration opportunities, aligning with McEwen’s strategic goals.

The most recent analyst rating on (MUX) stock is a Buy with a $12.00 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.

McEwen Mining’s stock score is balanced by strong technical momentum and improved liquidity against the backdrop of ongoing profitability challenges and high operational costs. Technical analysis provides the most significant positive impact, while valuation and financial performance remain areas of concern.

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

More about McEwen Mining

McEwen Inc. operates in the mining industry, focusing on gold exploration and production. The company is known for its diversified portfolio of commodities, producing operations, development projects, and royalties, with a market focus on leveraging its technical expertise in gold exploration and mine development.

Average Trading Volume: 777,351

Technical Sentiment Signal: Buy

Current Market Cap: $577.1M

For detailed information about MUX stock, go to TipRanks’ Stock Analysis page.