McEwen shareholders back director slate, EY auditor, share issuance

McEwen Inc. (NYSE: MUX) shareholders voted to re-elect the company's full director slate, ratify Ernst & Young as auditor for the 2026 fiscal year, and approve the issuance of common stock to Chairman Rob McEwen under an arrangement with Canadian Gold Corp.

The votes were cast at the June 4 annual meeting, the Toronto-based gold, silver and copper producer said Thursday. The share issuance to McEwen required approval under NYSE Listing Rule 312.03(b)(i), which governs related-party transactions.

McEwen, who took a $1 salary and has invested over $290 million of his own money into the company, is the founder and chief owner. He previously built Goldcorp Inc. into a major producer and is a member of the Canadian Mining Hall of Fame.

The company operates mines in Nevada, Ontario, Manitoba and Argentina. It is also advancing the El Gallo gold and silver mine in Mexico and targeting 250,000 to 300,000 gold-equivalent ounces of annual production by 2030, roughly double current output.

McEwen holds a 46.3% stake in McEwen Copper, which owns the Los Azules copper project in Argentina. The last equity financing for McEwen Copper valued that stake at $457 million. The project's feasibility study, released in October 2025, targets carbon neutrality by 2038.

The company also recently bought 27.3% of Paragon Advanced Labs Inc., a firm deploying PhotonAssay units for precious and base metals assaying. McEwen said it believes the technology could become the new industry standard.

A recording of the annual meeting is available on the company's media page.