NYSE:
MUX

$23.95
-0.77 -3.12% Volume: 760,431 April 23, 2026
TSX:
MUX

$32.75
-1.10 -3.25% Volume: 57,636 April 23, 2026

El Gallo

About El Gallo

Located in Sinaloa, Mexico

The El Gallo Complex is a past-producing gold and silver operation in Mexico that is being transformed through a phased redevelopment strategy designed to extend mine life, generate cash flow, and unlock the Company’s gold and silver resources.

This supports McEwen’s broader strategy to increase production, improve capital efficiency, and deliver long-term value across its Americas portfolio.

About Diagram About Diagram
Gold pille

RESOURCES
& RESERVES

MEASURED & INDICATED

199 K OZ AU

INFERRED

4 KOZ AU
For more details see the company's 2025 10-K Report.

El Gallo Project

El Gallo is a redevelopment plan, leveraging existing infrastructure and previously mined material to restart production with lower capital intensity.

Two-Phase Development Strategy

Phase 1 – Mill Construction & Reprocessing

  • Construction to begin: mid-2026
    First gold pour: mid-2027
    Annual production: ~20,000 GEOs
    Feed source: previously mined heap leach material
    Estimated capital: $25 million
    Estimated life: 10 years

Phase 2 – In-Situ Resource Development

  • Transition to mining and processing material from the El Gallo Silver deposit
  • Potential to extend mine life well beyond initial Phase 1 10 years
  • Unlocks district-scale silver and gold potential
  • Increase production to approximately 40,000 to 50,000 GEOs (based on a 77:1 silver/gold ratio) due to higher grades being processed