McEwen Inc. reported strong Q1 FY2026 results with revenue of $74.0 million, up 107.4% year-over-year. Net income reached $38.1 million, a 563.1% increase, while operating income surged 639.8% to $41.2 million. Diluted EPS was $0.47, up 491.7% from the prior year. The company held $56.5 million in cash and had long-term debt of $126.4 million as of March 31, 2026.
•Revenue grew 107.4% YoY to $74.0 million.
•Net income increased 563.1% YoY to $38.1 million.
•Operating income rose 639.8% YoY to $41.2 million.
•Diluted EPS was $0.47, up 491.7% YoY.
Informational summary based on SEC XBRL figures · generated by deepseek-v4-flash. Not investment advice.
McEwen provides 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. Its portfolio also includes the Fox Complex that consists of 132 parcels, including patents and leases, and 163 unpatented mining claims totaling 28 square miles in mining rights
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. Incorporated in 1979 and headquartered in Toronto, Canada, McEwen was formerly known as McEwen Mining Inc. before rebranding in June 2025.
McEwen Inc. is a mining company focused on the exploration, development, production, and sale of gold and silver deposits. The company operates primarily in the United States, Canada, Mexico, and Argentina. Its key assets include the 100%-owned Gold Bar gold mine in Nevada, the Fox Complex in Ontario (which comprises 132 parcels including patents and leases, plus 163 unpatented mining claims covering 28 square miles of mining rights and 13 square miles of surface rights), and the Fenix project in Mexico. McEwen also holds a portfolio of exploration properties across Nevada, Canada, Mexico, and Argentina. Additionally, the company explores for copper deposits. Formerly known as McEwen Mining Inc., it rebranded to McEwen Inc. in June 2025.
On which stock exchange is McEwen Inc. (MUX) listed and in what currency?
McEwen Inc. is listed on the New York Stock Exchange (NYSE) under the ticker symbol MUX. Its shares are traded in US Dollars (USD). The company is headquartered in Toronto, Canada, but its stock is listed on a US exchange, making it accessible to international investors. The use of USD as the trading currency aligns with the exchange's standard and facilitates trading for US-based and global investors.
What sector and industry does McEwen Inc. (MUX) belong to?
McEwen Inc. operates in the Basic Materials sector, specifically within the Other Precious Metals & Mining industry. This industry classification covers companies that mine or process precious metals other than gold and silver, or those with diversified precious metal operations. McEwen's primary focus is on gold and silver, but it also explores for copper, which falls under base metals. The company's activities include exploration, development, and production, positioning it as a mid-tier precious metals miner with a portfolio of operating mines and advanced-stage projects.
Where is McEwen Inc. (MUX) headquartered and what are its main geographic markets?
McEwen Inc. is headquartered in Toronto, Canada, and was incorporated in 1979. The company's operations span multiple countries: it has mining and exploration activities in the United States (notably the Gold Bar mine in Nevada), Canada (the Fox Complex in Ontario), Mexico (the Fenix project), and Argentina. Its exploration portfolio also includes properties in these same regions. This geographic diversification helps mitigate risks associated with operating in a single jurisdiction and provides exposure to several mineral-rich areas. The company's primary markets for its gold and silver production are global, with sales typically made to refineries and financial institutions.
How does McEwen Inc. (MUX) generate revenue?
McEwen Inc. generates revenue primarily through the production and sale of gold and silver from its mining operations. The company's main producing asset is the Gold Bar gold mine in Nevada, which it owns 100%. Additionally, the Fox Complex in Ontario contributes to production, and the Fenix project in Mexico is a development-stage asset. McEwen also holds a portfolio of exploration properties that may generate future revenue if developed into mines. The company sells its precious metals to refineries and financial institutions at prevailing market prices. Revenue is influenced by commodity prices, production volumes, and operational costs. McEwen also explores for copper, which could become a future revenue stream.