McEwen delivers a major profit jump to $9.6 million
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- McEwen reported Q2 2026 net income of $9.6 million, up from $3 million one year earlier.
- Gold Bar production guidance was reduced, while Fox Complex guidance was increased to 20,000–23,000 GEOs.
- Management is targeting annual production of 250,000–300,000 GEOs by 2030 through mine development and exploration.
McEwen (NYSE:MUX) reported Q2 2026 net income of $9.6 million, or $0.16 per share.
The result increased from $3 million, or $0.06 per share, while quarterly revenue rose 27% to $59.2 million.
Adjusted EBITDA increased to $22.2 million from $17.3 million, while cash and equivalents reached $78.9 million.
McEwen raised Fox Complex guidance to 20,000–23,000 GEOs but cut Gold Bar guidance to 30,000–33,000 GEOs.
McEwen said Stock Mine development remained on schedule and budget, with its estimated mine life extended from six years to 8.5 years.
The company also received a $49.4 million San José dividend and continues targeting annual production of 250,000–300,000 GEOs by 2030.
