McEwen appoints Ian Ball as Vice-Chairman to support growth strategy

TORONTO - McEwen Inc. (NYSE:MUX) (TSX:MUX), a mining company with a market capitalization of $742 million and currently trading near its 52-week high, announced Thursday the appointment of Ian Ball as Vice-Chairman, a newly created executive position focused on supporting the company’s strategic growth initiatives. According to InvestingPro data, the company has demonstrated strong momentum with an impressive 89% return over the past six months.

Ball, who has served as an independent director at McEwen since 2022, will concentrate on driving the company’s medium to long-term growth strategies, including supporting efforts to double production by 2030 and advancing exploration plans. With a current revenue base of $168 million and a GOOD financial health score from InvestingPro, the company appears well-positioned for its expansion goals. Subscribers to InvestingPro can access 6 additional key insights and a comprehensive Pro Research Report about McEwen’s growth potential.

From 2014 to 2021, Ball led Abitibi Royalties Inc. as President and later CEO, where the company achieved a 74% compounded annual growth rate in share price. Prior to that, he served as President of McEwen Mining (now McEwen Inc.) and began his career at Goldcorp Inc. in 2004.

"Ian brings a rare combination of operational experience and capital markets acumen," said Rob McEwen, Chairman and Chief Owner of McEwen Inc., in a press release statement.

McEwen Inc. operates three mines located in the USA, Canada, and Argentina, along with a large copper development project in Argentina and a gold and silver mine on care and maintenance in Mexico. The company’s Los Azules copper project aims to become carbon neutral by 2038.

The appointment reflects McEwen’s focus on strengthening its leadership team as it pursues production and exploration objectives. Ball’s responsibilities will include evaluating capital allocation and future growth opportunities for the mining company. Analysts maintain a bullish outlook on McEwen’s prospects, with price targets suggesting potential upside from current levels. For detailed analysis and Fair Value assessments, visit InvestingPro, where you can find expert insights and comprehensive financial metrics.

In other recent news, TEGNA Inc. reported a 5% year-over-year decline in revenue for the second quarter of 2025, bringing in a total of $675 million. The company highlighted challenges in the advertising market as a significant factor contributing to this decrease. During the earnings call, it was noted that Advertising and Marketing Services revenue experienced a decline, while distribution revenue remained flat. Despite these financial results, the company’s stock did not show an immediate market reaction, as it was not the primary focus of the report. These developments are part of the ongoing adjustments in TEGNA’s financial strategies amid a shifting market landscape.

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