McEwen finalizes Canadian Gold purchase
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A TORONTO-based company led by a Canadian Mining Hall of Fame veteran has purchased a firm currently exploring a former Manitoba gold mine.
McEwen Inc. announced on Tuesday it has acquired Canadian Gold Corp.
Shareholders of the latter approved the arrangement on Dec. 5, which became effective on Monday. Canadian Gold shareholders will receive 0.0225 of a McEwen common share for each they hold.
Canadian Gold holds 100 per cent interest in the Tartan Mine, a site near Flin Flon that produced 47,000 ounces of gold in 1987-89.
In 2025, Canadian Gold expanded its strike length of Tartan from eight kilometres to 29.5 km. It’s been exploring the mine since 2023.
McEwen Inc. has gold and silver mines in the U.S., Canada and Argentina, and is reactivating its El Gallo gold and silver mine in Mexico.
Rob McEwen, a recipient of the Order of Canada and mining hall of famer, leads the company.
— Free Press staff