McEwen Mining highlights promising drill results at Tartan

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2026.01.20 22:16
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McEwen Mining has reported promising drill results from its Tartan Mine Project, revealing a significant intercept of 7.5 g/t gold over 18.9 metres. This follows the company's acquisition of Tartan and indicates strong potential for gold mineralization expansion. McEwen plans to invest $3 million in exploration for 2026, targeting various zones within Tartan. Despite a Hold rating from analysts with a $24.00 price target, the company faces challenges with ongoing losses and negative cash flow, though it shows some positive technical momentum.