McEwen Q1 FY26 swings to net income of $33.4 million; revenue rises 107% to $74 million

McEwen Inc.

McEwen Inc.

MUX

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  • McEwen posted Q1/26 net income of USD 33.4 million, or USD 0.56 per share, swinging from a loss a year earlier.
  • Revenue more than doubled to USD 74 million on 15,752 GEOs sold from 100%-owned operations, with average realized price rising 71% to USD 4,792 per GEO.
  • Gross profit climbed to USD 31.5 million as production costs applicable to sales rose to USD 35.6 million.
  • Income from equity method investments turned to USD 30.3 million, reflecting results from MSC, McEwen Copper, and Paragon; USD 8.8 million in MSC dividends were received.
  • Consolidated production increased to 30,471 GEOs; company kept 2026 guidance of 114,000 to 126,000 GEOs.


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