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Pre-Feasibility Study for Grey Fox at Fox Complex — High Returns, Manageable Capital, Mine Life Extended to 2041
GlobeNewswire Inc.·
McEwen Inc. announced positive pre-feasibility study results for its Grey Fox gold project in Ontario, projecting ~100,000 gold ounces production by 2029 and extending Fox Complex mine life to 2041. With $181 million initial capital expenditure and strong economics (31% IRR at $3,000/oz gold price, 70% IRR at $4,500/oz), the company expects to self-fund expansion and reach its 250,000-300,000 gold equivalent ounces annual production target by 2030.
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