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TNR Gold Corp (TSX-V:TNR, OTC:TRRXF) said Monday that McEwen Mining has made further progress on the development of the Los Azules copper project in Argentina, where TNR holds a 0.4% net smelter returns royalty. In its quarterly earnings update, McEwen Mining reported that its subsidiary, McEwen Copper, invested $21.3 million in the first quarter of 2025 to advance a feasibility study for the Los Azules project, one of the world's largest undeveloped copper deposits.