McEwen Inc. shares have climbed 11.40% over the past week, driven by renewed investor interest in high-grade gold exposure and momentum trading strategies. This performance outpaces the S&P/TSX Global Gold Index over the same period and places McEwen among the top performers in the precious metals sector. Trading volume during the week averaged 1.8 million shares per day, a 35% increase from the prior week, indicating heightened market engagement. Analysts attribute this surge to both speculation around upcoming resource updates at Tartan and broader bullish sentiment in gold equities as real yields remain suppressed.

On January 13, 2026, McEwen reported final step-out drill results from its recently acquired Tartan Mine Project in Manitoba. Highlights include a 7.5 gpt gold intercept over 18.9 metres along the Western Flank—extending mineralization approximately 30 metres further west and expanding the strike length at depth to 150 metres. These results compare favorably to previous intercepts of 12.3 gpt over 14.0 metres and 8.2 gpt over 9.9 metres announced by the prior owner. The consistency of high-grade hits in 35 of 39 drill holes confirms the potential to increase ounces per vertical metre and lays the groundwork for an updated Mineral Resource Estimate slated for release by end of February.

McEwen has allocated CA$3 million to exploration at Tartan for fiscal 2026, with a provision to increase funding if Q1 results remain strong. This budget will cover additional drilling on the Eastern and Western Flanks, in the South Zone, and along regional shear zones. The company’s strategic plan targets doubling gold production by 2030, leveraging a restarted Tartan operation to boost annual output by optimizing ounces per vertical metre. Early-stage engineering and permitting work is underway, with the goal of transitioning toward a phased mine restart that utilizes existing mill infrastructure to minimize capital intensity and accelerate payback.

Beyond Tartan, McEwen is diversified across multiple precious‐ and base‐metal assets, including producing gold and silver mines in Nevada, Ontario, Manitoba and Argentina, as well as a 46.4% interest in the Los Azules copper development project in Argentina valued at approximately US$456 million. The planned carbon-neutral design for Los Azules by 2038 enhances the company’s ESG profile. Recent investments in Paragon Advanced Labs (27.3% stake) position McEwen to capitalize on the emerging PhotonAssay™ standard, which could improve turnaround times and accuracy for metal assays. These combined assets and strategic initiatives underpin management’s goal of delivering sustainable production growth, margin expansion and eventual dividend policy implementation.