THE VOICE OF THE CANADIAN

MINING INDUSTRY SINCE 1935

McEwen Inc.

The Fox Complex is located in the well-established Timmins Gold Mining Camp in Northern Ontario, Canada. Its main properties, Black Fox, Stock and Lexam, are positioned along the Provincial Highway 101. 11 kilometers east of the town of Matheson is the Black Fox Property. The Stock property is located 22 kilometers west of Matheson and 45 kilometers east of the city of Timmins and of the Lexam properties. Given the proximity to communities in a region with primary industries mining and forestry, local supplies and services are easily available and can be delivered in a timely manner at the complex.

The land packages of the Fox Complex continue to exhibit significant exploration potential, both at depth and along trends. This potential allows us to build a sustainable future for our Ontario operations. Since 2018, we have initiated comprehensive, property-wide exploration programs, which encompass definition and delineation drilling, testing for extensions of existing resources, following up on significant drill results, and investigating new exploration targets. These efforts have consistently delivered strong results, with new targets being identified and an expansion of gold resources across the properties.

Our Goal is to Improve the Productivity & Life of our Assets, with the Objective to Increase the Share Price & Deliver Investor Yield.

2025 marks McEwen Inc.’s first year of public reporting under the Towards Sustainable Mining (TSM) program. Our objective is to drive continuous improvement in operational excellence, prioritizing safety, productivity, and sustainability. We recognize the trust placed in us by the families of our employees and remain committed to ensuring that every individual returns home in the same condition as when they arrived.
Self-Assessed Results

2025 TSM Results

McEwen Inc.

Crisis Management and Communications Planning Assessment
Facility Crisis management and communications preparednessReviewTraining
McEwen Inc. Corporate
McEwen Ontario Inc. – Fox Complex
Results as of: Jan 13, 2026
Preventing Child and Forced Labour Assessment
Facility PREVENTING FORCED LABOURPREVENTING CHILD LABOUR
McEwen Ontario Inc. – Fox Complex
Results as of: Jan 13, 2026
Note: These requirements are assessed every three years during the external verification.
Tailings Management Assessment
Tailings management policy and commitmentTailings management systemAssigned accountability and responsibilityAnnual tailings management reviewOperation, maintenance and surveillance (OMS) manual
McEwen Ontario Inc. – Fox Complex

AAA

AA

A

B

C

Results as of: Jan 13, 2026
Biodiversity Conservation Management Assessment
Commitment, accountability and communicationsConservation planning and implementationReporting
McEwen Ontario Inc. – Fox Complex

AAA

AA

A

B

C

Results as of: Jan 13, 2026
Water Stewardship Assessment
Water governanceOperational water managementWatershed-scale planningWater reporting and performance
McEwen Ontario Inc. – Fox Complex

AAA

AA

A

B

C

Results as of: Jan 13, 2026
Indigenous and Community Relationships
Community of Interest IdentificationEffective Community of Interest Engagement and DialogueEffective Indigenous Engagement and DialogueCommunity Impact and Benefit ManagementCommunity of Interest Response Mechanism
McEwen Ontario Inc. – Fox Complex

AAA

AA

A

B

C

Results as of: Jan 13, 2026
Climate Change Protocol Assessment
Corporate Climate Change ManagementFacility Climate Change ManagementFacility Performance Targets and Reporting
McEwen Inc. Corporate
McEwen Ontario Inc. – Fox Complex

AAA

AA

A

B

C

Results as of: Jan 13, 2026
Equitable, Diverse, and Inclusive Workplaces Protocol
Leadership and StrategyAdvancing Equitable, Diverse, and Inclusive WorkplacesMonitoring, Reporting, and Performance
McEwen Inc. Corporate
McEwen Ontario Inc. – Fox Complex

AAA

AA

A

B

C

Results as of: Jan 13, 2026
Safe, Healthy, and Respectful Workplaces Protocol
Commitments and AccountabilitySafety and Health Management SystemsPsychological Safety and Respectful BehaviourTraining, Behaviour, and CultureMonitoring and ReportingPhysical Safety and Health Performance
McEwen Ontario Inc. – Fox Complex

AAA

AA

A

B

C

Results as of: Jan 13, 2026

Letters of Assurance

McEwen Inc. | 2025 | TSM Letter of Assurance



Action Plans

McEwen Inc. | 2025 | Action Plan



Verification Summary Reports

McEwen Inc. | McEwen Ontario Inc. – Fox Complex | 2025 | Verification Summary Report



Historical TSM Results

TSM Results 2025

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