CanadaOct. 22, 2025 5:44 AM ETMcEwen Inc. (MUX) Stock, MUX:CA StockMUX, MUX:CAIvan Leyba105 FollowersMcEwen shares surged over 90% since August to $19, driven by strong gold prices and renewed optimism for Los Azules copper project.MUX published the Los Azules feasibility study, confirming a higher than expected NPV of $2.9B, 19.8% IRR, and a recovery rate of 70.8%.The project secured RIGI approval, granting fiscal incentives and regulatory clarity, crucial for operating in Argentina's volatile environment.Los Azules aims for 204,800 tons/year copper output in the first 5 years, with sustainable practices and carbon neutrality targeted by 2038.William Luque/iStock via Getty ImagesIn my last article on McEwen (NYSE:MUX) (TSX:MUX:CA), I highlighted the company's substantial upside potential with respect to its Los Azules copper project in San Juan Province, Argentina. At that time, I alsoThis article was written byIvan Leyba105 FollowersIndividual investor and financial analyst. I mostly cover energy and mining sector companies. When it comes to my investment approach I like businesses with some kind of competitive advantage and excellent future prospects. Particularly, I prioritize good cash flow generation along with a growing income and healthy margins, solid asset base and sustainable debt levels. All articles express my own opinions, they are not financial advice.Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.Comments