Inventus Mining Evaluates McEwen Mining Mill for Gold Processing

Inventus Mining has signed a memorandum of understanding to evaluate the use of McEwen Mining's mill for gold processing. The evaluation aims to determine the feasibility of processing Inventus's gold mineralization through the mill. This move could potentially provide a new processing option for Inventus's gold deposits.

Inventus Mining has signed a memorandum of understanding (MOU) to evaluate the use of McEwen Mining's mill for processing gold mineralization from its Pardo project [1]. The MOU, signed on Thursday, aims to determine the feasibility of processing Inventus' gold deposits through McEwen's mill, potentially providing a new processing option for the company.

The evaluation comes amidst growing optimism in the gold market, with analysts forecasting a potential breakout in mining stocks [2]. Billionaire investor John Paulson's recent $800-million investment in an Alaskan gold mine has further fueled interest in the sector, despite rising volatility.

Inventus' decision to explore McEwen's mill follows a series of strategic moves by the company to advance its gold projects. Earlier this year, Lake Victoria Gold (LVG), another East African junior gold company, announced it was evaluating a small-scale development opportunity at its Tembo Project in Tanzania [2]. LVG's initiative is part of a broader strategy to generate early cash flow and self-fund ongoing exploration.

The gold market's rally and increased investor interest in mining stocks have propelled the Top 50 mining stocks group higher, with analysts arguing that gold stocks remain undervalued [2]. Goldman Sachs now sees the metal climbing past US$3,700/oz by the end of 2025, potentially hitting US$4,000/oz by mid-2026.

Inventus' evaluation of McEwen's mill is a strategic move that could provide a new processing option for its gold deposits, potentially enhancing the company's operational flexibility and reducing costs. The evaluation process is expected to provide valuable insights into the feasibility of using McEwen's mill for Inventus' gold processing needs.

References:

[1] https://www.marketscreener.com/quote/stock/MCEWEN-MINING-INC-12543907/news/Inventus-Evaluating-Use-of-McEwen-Mining-Mill-for-Gold-Processing-49790280/
[2] https://www.prnewswire.com/news-releases/growing-optimism-in-gold-market-signals-opportunity-for-miners-302442891.html

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