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    McEwen unveils resource for Tartan gold project in Manitoba

    Key Takeaways
    • Hey everyone, Just read this article about McEwen Mining's new Tartan gold project in Manitoba and it definitely caught my eye.
    • 30,000 ounces of annual gold output from a restart is pretty interesting.
    • I’ve been trying to diversify a bit more into precious metals and smaller cap miners this year, especially with all the inflation talk.
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    Hey everyone,

    Just read this article about McEwen Mining's new Tartan gold project in Manitoba and it definitely caught my eye. 30,000 ounces of annual gold output from a restart is pretty interesting. I’ve been trying to diversify a bit more into precious metals and smaller cap miners this year, especially with all the inflation talk. My portfolio is heavily weighted towards tech, which has been great, but I'm thinking about my retirement goals and how to weather any potential market shifts. This Tartan project, being in Flin Flon, Manitoba, is intriguing because Canadian mining has a generally favorable regulatory environment, which reduces some of the political risk you see elsewhere. I'm always looking for projects that have a clear path to production or a restart, rather than just exploration, because that seems to de-risk things a bit for my personal taste.

    I've been burned before on some speculative plays that never quite got off the ground, so now I lean towards companies with a bit more of an established track record, or at least a very clear development plan. McEwen isn't exactly a giant, but they're not a pure startup either. What do you all think about this? Any of you have McEwen Mining in your watchlists or portfolios? I'm curious if anyone has deeper insights into this specific project or their overall strategy. My wife is always telling me to be less "all-in" on one sector, so this could be a good step.

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    18 comments

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    paul_hill🏆Advanced (250-500k)
    This news about McEwen's Tartan project is exactly why I diversified into physical gold. I remember back in 2020, watching the markets go absolutely wild from my apartment in Salt Lake City, and just feeling this gut-wrenching anxiety every time I checked my traditional portfolio. My wife, bless her heart, kept saying "inflation is coming," and I just couldn't shake the feeling she was right. That's when I poured about $200k into a Gold IRA, and honestly, the peace of mind alone has been worth it. Pro tip: use the Eligibility Checker first - saved me a lot of hassle figuring out if my old 401k even qualified. Seeing stories like this just reinforces that long-term, gold is a solid play.

    Comments (18)

    1
    james_wilson👑Elite (1m-5m)Real Investor✓ Verifiedabout 1 month ago

    That's interesting news about McEwen. Makes me think back to 2020, right when everything went sideways with COVID, and I decided to finally pull the trigger on a Gold IRA with Augusta Precious Metals. My financial advisor in Midtown had been nudging me for months, suggesting a 5-7% allocation given the market volatility. Ended up putting about $250k into physical gold, mostly Eagles and Buffalos, stored out in Delaware. It’s been a solid anchor, especially seeing the gains over the last few years while some of my tech stocks were on a rollercoaster. I’m definitely keeping an eye on announcements like these, always good to see more gold coming out of the ground.

    15
    donna_rogers🏆Advanced (250-500k)Real Investorabout 1 month ago

    Good to see more projects coming online. It's always encouraging to hear about new discoveries. I've been keeping a close eye on the gold market recently, especially with all the economic uncertainty. For anyone else who's been tracking the price of gold, I found GoldPrice.org to be a surprisingly helpful site for real-time data and historical charts. It's helped me refine my entry and exit points on some of my IRA positions over the last year, especially when I was considering adding more to my physical holdings here in Lexington after the latest inflation numbers.

    19
    paul_hill🏆Advanced (250-500k)Real Investor✓ Verifiedabout 1 month ago

    This news about McEwen's Tartan project is exactly why I diversified into physical gold. I remember back in 2020, watching the markets go absolutely wild from my apartment in Salt Lake City, and just feeling this gut-wrenching anxiety every time I checked my traditional portfolio. My wife, bless her heart, kept saying "inflation is coming," and I just couldn't shake the feeling she was right. That's when I poured about $200k into a Gold IRA, and honestly, the peace of mind alone has been worth it. Pro tip: use the Eligibility Checker first - saved me a lot of hassle figuring out if my old 401k even qualified. Seeing stories like this just reinforces that long-term, gold is a solid play.

    6
    richard_garcia👑Elite (1m-5m)Real Investorabout 1 month ago

    Interesting news about Tartan. It makes me think about my own gold holdings – it's been a wild ride this year. I remember back in 2022 when I was first looking into diversifying some of my 401k into precious metals out of fear of inflation really eating into my portfolio. Living in Houston, I was seeing housing prices just skyrocket, and thought, "Better get some real assets." When I was first researching, I found the Best Gold IRA Companies comparison on Gold IRA Blueprint to be really helpful in sorting through all the options. It just laid out the pros and cons so clearly.

    15
    christopher_young🌟Ultra (5m+)Real Investor✓ Verifiedabout 1 month ago

    Interesting news coming out of Manitoba, always good to see more gold exploration. I remember back in '08, right when I was starting to shift a significant portion of my portfolio into physical gold, I almost pulled the trigger on a junior mining stock that had a promising claim up in northern Ontario. Thankfully, my advisor at the time, a sharp cookie named Eleanor, convinced me to stick with bullion and a couple of established miners instead of betting on a single exploration play. Best decision I ever made; that junior went bust within a year, and my gold position has obviously done quite well since.

    15
    betty_king📊Growing (50-100k)about 1 month ago

    Interesting news from McEwen, always good to see more gold exploration. It reminds me a bit of when I first diversified into physical gold back in 2020. I’d been watching the market, and with all the uncertainty swirling, I pulled the trigger and moved about 15% of my retirement savings – roughly $80,000 at the time – into a Gold IRA. I remember the drive down to the Coin & Gold Exchange here in Raleigh, feeling a mix of excitement and a little bit of 'what if.' It’s been a solid anchor in my portfolio ever since, especially with inflation concerns lingering.

    10
    david_brown💎Premium (500k-1m)Real Investorabout 1 month ago

    @Paul Hill - Totally feel you on that market wildness back in 2020. I was in my Boston condo watching things closely and that’s when I really solidified my commitment to physical. Saw too many paper gains evaporate too quickly. Something I found super helpful for cutting through the noise was a site called GoldSilver.com. Their articles on economic indicators and geopolitical risk affecting precious metals gave me a much clearer picture for my $700k portfolio. Helped me understand the "why" behind moves like this Tartan project impacting the broader market.

    9
    carol_carter💰Established (100-250k)Real Investorabout 1 month ago

    @Christopher Young That Manitoba news is definitely interesting – always good to hear about more gold coming out of the ground! You mentioning 2008 makes me curious; I just started my own Gold IRA a few months back, rolling over about $150k from an old 401k here in Omaha. Did you stick with physical gold back then, or did you explore other precious metals like silver or platinum too? I'm still learning the ropes and trying to decide if I should diversify beyond just gold within my IRA.

    11
    diane_bailey💰Established (100-250k)Real Investorabout 1 month ago

    @Betty King, that's such a great point about the exploration updates. I actually did something similar in late 2019, just before things went wild. My financial advisor in Savannah had been nudging me to diversify beyond real estate, and hearing about these new gold projects really reinforces why I put roughly $180k into a Gold IRA back then. It's truly helped me sleep better at night.

    12
    timothy_reed💎Premium (500k-1m)Real Investorabout 1 month ago

    @Christopher Young - Manitoba sure is heating up, literally and figuratively! Funny, I remember '08 well too, though I was more focused on buying a house in Madison at the time. I've been investing in gold for years, and it's been a solid anchor for my portfolio – really helped me weather some of the recent market turbulence. Pro tip: use the Eligibility Checker first - saved me a lot of hassle when I was looking to roll over some old 401k funds.

    16
    joseph_harris📊Growing (50-100k)about 1 month ago

    Amazing to see a new gold project kicking off! This kind of news reinforces why I diversified into precious metals a few years back. I've got a decent chunk, about 60k, in a Gold IRA and seeing the market expand like this always puts a smile on my face here in Nashville. If you're nearing retirement, the RMD Calculator is super helpful for planning out those distributions later on.

    8
    andrew_roberts👑Elite (1m-5m)Real Investor✓ Verifiedabout 1 month ago

    Interesting news, and while I always keep an eye on new resource estimates, I've honestly felt a growing disconnect from the pure mining plays in recent years. Call me old-fashioned, but there's a certain tangible security in physical gold, especially when you can hold it. In my experience, sitting on a few hundred ounces of actual metal in a secure vault down here in Palm Beach just feels a lot more reassuring than chasing the next big mine in Manitoba, no matter how promising the drill results. It's a different kind of conviction, perhaps, but one that’s served my portfolio well these past twenty years.

    9
    sharon_evans💰Established (100-250k)Real Investorabout 1 month ago

    Interesting to see McEwen pushing forward in Manitoba. While new gold projects are always exciting for the broader market, I'm personally more focused on the *physical* side of things right now. Diversifying beyond the paper stuff has been a huge comfort, especially with the Fed's current maneuvers.

    17
    sandra_green📊Growing (50-100k)✓ Verifiedabout 1 month ago

    Good to see some new gold projects popping up, even if it's not the kind of direct investment I typically make. For those of us looking at physical gold for retirement, my biggest tip is to always shop around for vault storage fees. I saved a good chunk of change, about $150 a year, by getting quotes from three different depositories for my 401k rollover. It really adds up over time when you're talking about a significant portfolio.

    8
    jennifer_martinez💰Established (100-250k)Real Investor✓ Verifiedabout 1 month ago

    @Andrew Roberts - Totally get what you mean about that disconnect. There's definitely a comfort in tangible assets, something I've leaned into heavily since relocating to Miami a few years back. Appreciate you sharing your perspective, it really highlights why so many of us are drawn to gold beyond just the daily headlines.

    5
    helen_turner💰Established (100-250k)Real Investorabout 1 month ago

    @Donna Rogers, I appreciate your enthusiasm for new projects, and I certainly agree that the economic uncertainty makes gold an attractive asset. However, I tend to view these early-stage resource announcements with a good dose of skepticism. From my perspective here in Louisville, with the volatility I've personally seen in mining stocks over the years, I'd rather focus on the established players and physical gold in my IRA. These projects often take years, if not decades, to pan out, and the capital required is immense. I've often wondered if the "excitement" around new discoveries sometimes overshadows the real, tangible benefits of simply holding the metal itself during uncertain times.

    0
    margaret_chen🏆Advanced (250-500k)Real Investorabout 1 month ago

    Interesting to see McEwen pushing ahead in Manitoba, and I'm always cautiously optimistic about new resource estimates. However, as someone who transitioned a good portion of my retirement savings into physical gold a few years back, I’m less inclined to chase these exploration-stage plays. The volatility and speculative nature of junior miners, even with promising early numbers like these, feel a bit too much like trading paper for my current comfort level, especially when I’m looking at preserving wealth in a city like San Francisco where every dollar needs to work harder than anywhere else. I've seen too many promising drill reports not pan out, and my focus has shifted more towards the stability of actual metal, even with its own set of storage considerations.

    1
    gary_stewart📊Growing (50-100k)about 1 month ago

    That's interesting news, especially with the talk about diversifying out of standard equities. I've been eyeing more gold exposure myself, particularly after seeing my portfolio stay pretty flat despite some tech rallies. For those of us considering a Gold IRA in the current climate, what are the *specific* advantages of holding physical gold versus gold ETFs, especially when looking at potential capital gains taxes later down the line? I'm thinking about setting aside about half of my metals budget – roughly $30k-$40k – for physical, delivered to a depository.

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