McEwen (MUX) Announces Encouraging Results From 2025 Drilling Program at The Windfall Project

McEwen Inc. (NYSE:MUX) is one of the Best Mining Stocks to Buy According to Hedge Funds. On September 3, the company announced encouraging results from the 2025 drilling program at the Windfall Project, which is located on the Eureka Property in Nevada, some 32 miles (50 kilometers) from the company’s Gold Bar Mine. McEwen Inc. (NYSE:MUX) highlighted that the results confirm continuous gold mineralization in the main Windfall Fault Zone and reveal a brand-new fault zone in its footwall, with high grades of gold, silver, and base metals.

McEwen (MUX) Announces Encouraging Results From 2025 Drilling Program at The Windfall Project

Notably, the new zone has similarities to mineralization at i-80 Gold’s Ruby Hill Mine, which already produced 1.4 million ounces of gold. Elsewhere, McEwen Inc. (NYSE:MUX) released Q2 2025 results. The increased gold price had a positive impact on the company’s cash flow and net income. McEwen Inc. (NYSE:MUX) saw net income of $3.0 million as compared to the net loss of $13.0 million in Q2 2024. Its adjusted EBITDA came in at $17.3 million as compared to $7.2 million in Q2 2024.

McEwen Inc. (NYSE:MUX) is a mining and minerals production and exploration company, which is focused on precious and base minerals.

While we acknowledge the potential of MUX to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than MUX and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 13 Cheap AI Stocks to Buy According to Analysts and 11 Unstoppable Growth Stocks to Invest in Now

Disclosure: None. This article is originally published at Insider Monkey.