McEwen sees Grey Fox adding 15 years to Ontario mine complex
- •This is pretty interesting news, especially that snippet about 87,000 oz.
- •of annual gold production from 2028 through 2041.
- •It smooths out those boom-and-bust cycles a bit, which is great for long-term stability.
Hey everyone, just read this article about McEwen Mining and their Grey Fox project potentially adding 15 years to their Ontario mine complex: https://www.mining.com/mcewen-sees-grey-fox-adding-15-years-to-ontario-mine-complex/. This is pretty interesting news, especially that snippet about 87,000 oz. of annual gold production from 2028 through 2041. As someone who's been holding some McEwen stock for a while now – picked it up years ago when I was first dipping my toes into junior miners – it's good to see some positive development on the horizon.
My initial thought is that this kind of longevity is exactly what you want to see from a mining investment, particularly for a company that’s trying to build out a more robust profile. It smooths out those boom-and-bust cycles a bit, which is great for long-term stability. I'm really keen on reliable, steady growth as I'm thinking about retirement planning and keeping things stable for the family. This extension definitely helps de-risk things in the long run. Of course, a PFS is just a forecast, so I'm not getting too excited yet, but it's a solid step.
What are your thoughts on this? Anyone else been following McEwen or have investments in similar long-life projects? Curious to hear if you think this 15-year extension significantly impacts their valuation or if you're waiting for more concrete development. Always good to get some diverse perspectives here!