McEwen agrees to sell Ontario properties for US$55 million
The company signed a definitive agreement to transfer two mining properties and a surface parcel near Timmins to Discovery Mining.
Event / data period: 2026-10-09
Published: · Updated:
McEwen Inc. said on October 9 that it had signed a definitive agreement to sell the Fuller property, its 60% interest in Paymaster and a surface-rights parcel in Timmins, Ontario, to Dome Mine, a Discovery Mining subsidiary. The stated total consideration is US$55 million.
The terms call for US$5 million in cash and US$50 million in Discovery shares. The share count will be based on a five-day volume-weighted average price set before closing, and completion remains subject to customary conditions and TSX approval. McEwen said it plans to use the proceeds for operations and development projects; the sale has not yet closed.
Data
Total stated sale consideration
Consideration in the signed sale agreement; this does not mean the transaction has closed.
- Total consideration stated in the signed agreement
- 55 million USD
- 2026-10-09 · Observed
Methodology
The nominal US-dollar consideration in the company’s October 9 release is reproduced; no currency conversion is made for the cash and share components.
Updated:
Subjects and places
Subject proposals
- Business enterpriseSuggested
- Preserved editorial category/topic; broad candidate onlywww.mcewenmining.com ↗
- Metal and mineral mining and refiningSuggested
- Subject suggested from the title or summary: miningwww.mcewenmining.com ↗
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- Canada · Place role: Coverage · Place type: Country or area · Location precision: RegionalEvidence
- Explicit preserved editorial country/region; no city or national centroid inferredwww.mcewenmining.com ↗