McEwen to Sell Timmins Assets to Discovery Mining for $55 Million

MT newswire2026/10/09 14:20

10:20 AM EDT, 10/09/2026 (MT Newswires) -- McEwen (MUX.TO, MUX) said Friday it agreed to sell its Fuller property, a 60% interest in the Paymaster property and a parcel of surface rights in Timmins, Ontario, to Dome Mine, a wholly owned subsidiary of Discovery Mining (DSV.TO), for $55 million. McEwen also received $13.5 million in connection with the closing of the $240 million McEwen Copper term loan announced on Aug. 27, 2026. Shares of McEwen and Discovery Mining were last seen up 5% at CA$25.73 and 1% at CA$11.60, respectively, on the Toronto Stock Exchange. Price: 25.75, Change: +1.25, Percent Change: +5.10

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