# 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.

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- Publisher: Newsverum
- Section: Business
- Country: Canada
- Published: 2026-10-11T19:07:54+00:00
- Updated: 2026-10-11T19:07:54+00:00
- Event / data period: 2026-10-09
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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.

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.

| label | value | unit | period | basis |
|---|---|---|---|---|
| Total consideration stated in the signed agreement | 55 | million USD | 2026-10-09 | observed |

Sources: <https://www.mcewenmining.com/investor-relations/press-releases/press-release-details/2026/McEwen-Signs-US55-Million-Agreement-to-Sell-Fuller-and-Paymaster/default.aspx> · Download data: [JSON](https://newsverum.com/api/v1/articles/mcewen-agrees-to-sell-fuller-paymaster-ontario/data/mcewen-fuller-paymaster-sale?lang=en&format=json) · [CSV](https://newsverum.com/api/v1/articles/mcewen-agrees-to-sell-fuller-paymaster-ontario/data/mcewen-fuller-paymaster-sale?lang=en&format=csv)

## Sources

- [McEwen Inc.](<https://www.mcewenmining.com/investor-relations/press-releases/press-release-details/2026/McEwen-Signs-US55-Million-Agreement-to-Sell-Fuller-and-Paymaster/default.aspx>) (Source checked: 2026-10-11; Published: 2026-10-09)

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