McEwen agrees to sell Fuller, Paymaster properties to Discovery Mining for US$ 55 million

By Public Technologies
  • McEwen agreed to sell the Fuller property and its 60% interest in the Paymaster property in Timmins, Ontario, to Discovery Mining’s Dome Mine.
  • Total consideration set at USD 55 million, split between USD 5 million cash and USD 50 million in Discovery common shares.
  • Share portion to be priced using Discovery’s five-day VWAP ending two business days before closing, converted to Canadian dollars at the Bank of Canada rate.
  • Deal targets monetizing non-core assets to fund growth projects tied to a 250,000-300,000 GEO annual production goal by 2030.
  • Closing expected once customary conditions are met, including TSX approval for the share issuance.


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