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McEwen Mining Inc.

McEwen Inc. engages in the exploration, development, production, and sale of gold and silver deposits in the United States, Canada, Mexico, and Argentina. It also explores for copper deposits. The company owns 100% interests in the Gold Bar gold mine located in Nevada; the Fox Complex that consists of 132 parcels, including patents and leases, and 163 unpatented mining claims totaling 28 square miles in mining rights, as well as 13 square miles in surface rights located in Ontario, Canada; and the Fenix project located in Mexico. It also holds a portfolio of exploration properties in Nevada, Canada, Mexico, and Argentina. The company was formerly known as McEwen Mining Inc. and changed its name to McEwen Inc. in June 2025. McEwen Inc. was incorporated in 1979 and is headquartered in Toronto, Canada.

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McEwen Mining Q2 revenue rises 27% on higher gold prices

McEwen Mining reported second-quarter 2026 revenue of $59.2 million, up 27% from $46.7 million a year earlier, driven by higher realized gold prices. Net income rose to $9.6 million, or $0.16 per share, from $3.0 million, or $0.06 per share, in the prior-year quarter. The company lowered its 2026 production guidance for the Gold Bar mine to 30,000 to 33,000 gold equivalent ounces from 39,000 to 43,000 ounces, citing unexpected carbonaceous ore that reduced gold recoveries. McEwen also raised its Fox Complex guidance to 20,000 to 23,000 gold equivalent ounces from 16,000 to 19,000 ounces, and received a $49.4 million dividend from the San José joint venture during the quarter, bringing the year-to-date total to $58.2 million.
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McEwen Mining Targets Los Azules IPO and Financing as Gold Bar Recovery Issues Weigh on Q2

McEwen Mining reported second-quarter operational shortfalls driven by lower production and elevated costs at its Gold Bar mine, where unexpected carbonaceous ore caused preg-robbing and reduced recoveries. Management is revising geological models, mining sequences, blending strategies, and processing methods to improve recoveries over time, while Gold Bar expansion permitting is expected to take about two more years. The company is advancing the Los Azules copper project toward a final investment decision in the fourth quarter, evaluating approximately $4 billion in financing with a potential 60% debt and 40% equity structure, and targeting an IPO later this year to help fund an estimated $1.6 billion equity requirement. Separately, the San José joint venture is not expected to pay another dividend this year, with distributions currently anticipated to resume next year.
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Zacks Adds Coinbase, Astellas Pharma, and McEwen to Strong Sell List

Zacks Investment Research added Coinbase Global, Astellas Pharma, and McEwen to its Rank 5 Strong Sell list on August 6. The Zacks Consensus Estimate for Coinbase's current-year earnings has been revised 81.6% downward over the last 60 days. Astellas Pharma's current-year earnings estimate has been revised nearly 6% downward over the same period. McEwen's current-year earnings estimate has been revised 4.7% downward over the last 60 days.
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McEwen Q2 Net Income Rises to $9.6 Million on Higher Gold Prices

McEwen Inc. reported second-quarter net income of $9.6 million, or $0.16 per share, up from $3.0 million, or $0.06 per share, a year earlier. Revenue increased 27% to $59.2 million, driven by a 35% rise in the average realized gold price to $4,454 per gold equivalent ounce, even as GEOs sold dipped to 13,948 from 14,549. The company raised full-year production guidance for the Fox Complex to 20,000–23,000 GEOs and lowered it for the Gold Bar Complex to 30,000–33,000 GEOs, while consolidated 2026 production guidance was updated to 109,000–120,000 GEOs. McEwen received a $49.4 million dividend from its 49%-owned San José Mine, bringing 2026 dividends to $58.2 million, exceeding the full-year estimate of $40–$50 million. Exploration drilling delivered high-grade intercepts at Grey Fox, including 97.7 gpt gold over 4.4 meters, and a new Central Zone discovery at the Tartan Mine Project.
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McEwen Inc. shareholders approve director slate, auditor, and share issuance to Rob McEwen

McEwen Inc. announced that shareholders approved all proposals at its annual meeting held June 4, 2026. The 11 director nominees were elected, with support ranging from 83.70% to 99.26% of votes cast. Shareholders also ratified the appointment of Ernst & Young LLP as independent auditor for fiscal 2026, with 99.62% voting in favor. A proposal to issue common stock to Chairman Rob McEwen under an arrangement with Canadian Gold Corp. was approved by 98.45% of disinterested votes cast. Approximately 57.32% of outstanding shares were voted at the meeting.
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