McEwen(NYSE) MUX

McEwen Inc. finds and extracts gold and silver across the Americas. These metals help power electronics and create jewelry for global consumers. The firm also develops large copper deposits for industrial use.

Gold, Silver, and Copper Assets

• Gold and Silver: Production of precious metals from wholly owned mines and shared interests in South America.
• Copper Exploration: Development of resources like the Los Azules project in San Juan, Argentina.
• Mining Services: Advanced analytical testing and lab work provided through a 27% stake in Paragon.

Recent Growth and New Deals

• Purchased Golden Lake Exploration on April 30, 2026, for $11.7 million to expand Nevada operations.
• Acquired Canadian Gold Corp. on Jan. 5, 2026, adding the Tartan Mine Project in Manitoba.
• Published a pre-feasibility study (PFS), a technical report checking project viability, for Grey Fox in June 2026.
• Gained 30-year tax stability in Argentina for copper projects in Sept. 2025.

Operating in Four Different Nations

The company operates a diverse portfolio across the United States, Canada, Mexico, and Argentina. This geographic spread helps manage regional risks while providing exposure to varied mineral deposits.

Success by the Numbers

• Revenue from wholly owned operations reached $133.3 million in the first half of 2026, up 62% year over year.
• Net income hit $43.0 million for the six-month period ended June 30, 2026.
• Dividends from the San José mine interest provided $58.2 million in the first half of 2026.
• Cash and cash equivalents rose to $78.9 million as of June 30, 2026.
• Consolidated production hit 61,342 gold equivalent ounces (GEO), a non-GAAP measure, in the first half of 2026.

Bottom Line

McEwen has shifted from a gold-focused producer to a diversified mining firm with significant copper potential. Recent acquisitions and improved metal prices have strengthened its balance sheet and production profile.