McEwen Mining to Acquire Canadian Gold Corp.

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

On October 10, 2025, McEwen Inc. entered into an agreement to acquire all shares of Canadian Gold Corp. through a statutory plan of arrangement. This transaction, which is expected to close in early January 2026, will make Canadian Gold a wholly-owned subsidiary of McEwen. The deal offers significant benefits to both companies’ shareholders, including exposure to McEwen’s diversified portfolio and the addition of the Tartan Lake Gold Mine Project to McEwen’s assets. The transaction requires shareholder and regulatory approvals and includes provisions for deal protection and non-solicitation.

The most recent analyst rating on (MUX) stock is a Buy with a $25.00 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 overall score is driven by strong technical momentum and positive corporate events, despite ongoing financial and valuation challenges. The company’s strategic initiatives and exploration successes provide a promising outlook, but profitability issues and overbought technical indicators warrant caution.

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

More about McEwen Mining

McEwen Inc. operates in the mining industry, providing exposure to gold, silver, and copper production primarily in the Americas. The company has operations in mineral-rich regions such as Nevada, USA, Ontario, Canada, and Argentina, and is involved in the Los Azules copper development project in Argentina.

Average Trading Volume: 1,446,804

Technical Sentiment Signal: Buy

Current Market Cap: $1.16B

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