McEwen’s $55M Ontario asset sale fuels gold progress plans

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McEwen (TSX: MUX) has agreed to sell two non-core gold properties in Ontario, Canada, to Discovery Mining (TSX: DSV) for $55 million in money and inventory because it shifts capital towards a manufacturing enlargement focusing on as much as 300,000 gold-equivalent ounces yearly by 2030.

The transaction consists of Lexam VG Gold’s wholly owned Fuller property, its 60% curiosity within the Paymaster property and a parcel of floor rights owned by VG Holdings. Each properties are…

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