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  • June 10, 2025
  • Industry News
McEwen breaks ground on new mine, east of Timmins

The start of construction on a new portal for the Stock Mine will “usher in a new chapter of growth” in Timmins, says McEwen Mining.

In a June 5 news release, McEwen owner and CEO Rob McEwen said the “timing is ideal” to break ground on a new mine, especially when gold prices are at record highs.

The Toronto gold company is making a transition from the Froome Mine to Stock, which will be its newest mine to come online when production begins in the second half of this year.

The mine portal and the ramp system will provide access to three gold deposits, divided into zones – named West, Main and East – and is expected to lower production costs.

The Stock Mine contains 281,000 ounces of indicated gold at an average grade of 3.12 grams per tonne (g/t) and 181,000 ounces in the inferred category at an average grade of 2.87 g/t. Mineralization follows a three-kilometre long trend on the Destor-Porcupine Fault.

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Read the full story on Northern Ontario Business.

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