Earnings summaries and quarterly performance for McEwen.
Executive leadership at McEwen.
Robert McEwen
Detailed
Chief Executive Officer
CEO
CD
Carmen Diges
Detailed
General Counsel and Secretary
IB
Ian Ball
Detailed
Vice-Chairman
JC
Jeffrey Chan
Detailed
Vice President, Finance
PI
Perry Ing
Detailed
Interim Chief Financial Officer
SS
Stefan Spears
Detailed
Vice President, Corporate Development
WS
William Shaver
Detailed
Interim Chief Operating Officer
Board of directors at McEwen.
Research analysts who have asked questions during McEwen earnings calls.
Jacob Sekelsky
Alliance Global Partners
4 questions for MUX
Also covers: ABAT, AIRJ, ASM +7 more
Chris White
Ventures
3 questions for MUX
JR
Joseph Reagor
ROTH Capital Partners
3 questions for MUX
Also covers: ASM, CDE, EFR +9 more
Heiko Ihle
H.C. Wainwright & Co.
2 questions for MUX
Also covers: AG, AREC, ASM +16 more
Michael Kozak
Cantor Fitzgerald
2 questions for MUX
Also covers: SII, UUUU
Mike Kozak
Cantor Fitzgerald
2 questions for MUX
Also covers: SII, URG
CH
Craig Huber
Huber Research Partners
1 question for MUX
Also covers: CSGP, DNB, EFX +12 more
DK
Dan Kurnos
The Benchmark Company
1 question for MUX
Also covers: ANGI, CNVS, DRCT +6 more
Don DeMarco
National Bank Financial
1 question for MUX
Also covers: AAUCF, AGI, ARMN +10 more
JG
Jay Goldsmith
Private Investor
1 question for MUX
JH
Jeremy Hoy
Canaccord Genuity Group Inc.
1 question for MUX
Also covers: CG, CGAU, EQX +1 more
JT
John Tumazos
John Tumazos Very Independent Research
1 question for MUX
Also covers: AA, AEM, ASM +14 more
PS
Pat Scholl
Barrington Research
1 question for MUX
Steven Cahall
Wells Fargo & Company
1 question for MUX
Also covers: AMCX, ATUS, CABO +19 more
Recent press releases and 8-K filings for MUX.
McEwen (MUX) Highlights Los Azules Copper Project Progress and 2030 Production Growth
MUX
Earnings
New Projects/Investments
Guidance Update
- McEwen (MUX) held its Q4 and year-end 2025 operating and financial results conference call on March 12, 2026.
- The company plans to take its McEwen Copper subsidiary public later in 2026, following a robust feasibility study in October 2025 for the Los Azules copper project. The study projected an after-tax NPV of $2.9 billion (at $4.35/lb copper) and $6.3 billion (at $5.80/lb copper), with average copper cathode production of 205,000 tons per annum in the first five years.
- Los Azules secured RIGI approval in September 2025, granting 30 years of regulatory and fiscal stability in Argentina, including a reduced corporate income tax rate of 25%.
- McEwen aims to more than double its precious metal production by 2030 through expanding existing operations and new projects, primarily financed by increasing internal cash flow.
5 days ago
McEwen Mining Reports Strong Q4 and Full-Year 2025 Results, Advances Los Azules Project
MUX
Earnings
New Projects/Investments
Guidance Update
- McEwen Mining Inc. reported a strong finish to 2025, with Q4 net income of $38.1 million or $0.70 per share, a significant turnaround from a net loss in Q4 2024. Full-year 2025 net income was $34.4 million, compared to a net loss of $43.7 million in 2024, driven by higher gold prices and increased production.
- The Los Azules copper project achieved significant milestones in 2025, including securing RIGI approval in September 2025 for 30 years of regulatory and fiscal stability, and publishing a robust feasibility study in October 2025 outlining strong economics with an after-tax NPV of $2.9 billion (at $4.35/lb copper). McEwen Copper plans to go public later in 2026.
- For 2026, the company expects capital expenditures to primarily focus on completing the Fox Complex (Stock Mine) with an estimated mid-$50-$60 million, a $12 million heap leach expansion at Gold Bar, and $25 million for plant refurbishment in Mexico. The company aims to more than double its precious metal production by 2030.
5 days ago
McEwen Inc. Reports Strong Q4 and Full Year 2025 Financial Results and Advances Production Growth Plans
MUX
Earnings
Guidance Update
New Projects/Investments
- McEwen Inc. reported Net Income of $38.1 million ($0.70 per share) for Q4 2025, a significant improvement from a net loss of $8.2 million ($0.16 per share) in Q4 2024, and full year 2025 Net Income of $34.4 million ($0.64 per share), reversing a net loss of $43.7 million ($0.86 per share) in 2024.
- Adjusted EBITDA for Q4 2025 increased to $28.1 million ($0.51 per share) from $11.8 million ($0.22 per share) in Q3 2025, with full year 2025 Adjusted EBITDA reaching $66.2 million ($1.22 per share), up from $29.2 million ($0.57 per share) in 2024.
- The company aims to increase production to 250,000 – 300,000 GEOs by 2030 and provided full-year 2026 production guidance of 114,000 - 126,000 GEOs.
- The Los Azules copper project received RIGI approval in September 2025, granting significant tax and regulatory benefits, and a Feasibility Study in October 2025 outlined an after-tax NPV (8%) of $2.9 billion at $4.35/lb copper, or $6.3 billion at $5.80/lb copper.
- McEwen anticipates generating $80 million in free cash flow from 100%-owned operations and over $50 million in dividends from the San José Mine during 2026. Cash and equivalents increased to $51.0 million at December 31, 2025, from $13.7 million at December 31, 2024.
5 days ago
Goliath Resources Reports Expanded Surebet Discovery and Increased Gold-Equivalent Grades
MUX
New Projects/Investments
- Goliath Resources Limited reported an average 19.6% increase in overall grade values for 56 drill holes from the 2025 drilling season at the Surebet Discovery, when accounting for Silver, Copper, Lead, and Zinc in addition to Gold.
- Across all 110 drill holes completed in 2025, the polymetallic contribution resulted in an average 16.5% increase in overall grade values compared to Gold-only assays.
- The 2025 drilling season involved over 64,000 meters of drilling, expanding the modeled stacked vein system at Surebet, which remains open for further expansion.
- Metallurgical testing on a composite core sample demonstrated high recoveries, including 92.2% for Gold and 96.9% for Zinc, using a combination of gravity and flotation.
- McEwen Inc. (MUX) is listed as a strategic cornerstone shareholder of Goliath Resources Limited.
Feb 24, 2026, 11:24 AM
Goliath Resources Reports Increased Gold-Equivalent Grades and Pending Assays from Surebet Discovery
MUX
New Projects/Investments
Guidance Update
- Goliath Resources Limited reported a 13.2% increase in overall gold-equivalent (AuEq) grade values for 54 drill holes from its 2025 program at the Surebet Discovery, with intercepts up to 10.83 g/t AuEq over 22.82 meters.
- Assay results for an additional 56 gold-equivalent drill holes from the 2025 campaign are pending.
- All drill holes completed to date at the Surebet Discovery have intersected gold mineralization, confirming continuity across 5 Main Gold-Rich Zones and 46 mineralized lodes.
- The company is fully funded for its 2026 drill program, which will focus on expanding these zones and exploring the Motherlode causative intrusive source.
Feb 19, 2026, 11:19 AM
McEwen Inc. Announces Significant Gold Drill Results at Gold Bar Mine Complex
MUX
New Projects/Investments
Guidance Update
- McEwen Inc. announced significant new drill results from its Gold Bar Mine Complex in Nevada, including a best-to-date intersection at Windfall of 5.55 gpt gold over 44.2 meters, with 48.38 gpt gold over 4.6 meters of oxide mineralization.
- The company is advancing the Windfall, Lookout Mountain, and Unity Ridge deposits towards production decisions, aiming to transform the Gold Bar Mine Complex into a long-life operation.
- An updated Mineral Resource Estimate for Lookout Mountain is expected by the end of February 2026, which is projected to meaningfully increase the total ounces at the Gold Bar Mine Complex.
- McEwen plans to invest approximately $10 million in exploration at Gold Bar in 2026, with results contributing to future Mineral Resource Estimates for Windfall and Unity Ridge.
Feb 2, 2026, 11:30 AM
McEwen Inc. to Acquire Golden Lake Exploration Inc.
MUX
M&A
New Projects/Investments
- McEwen Inc. entered into a Definitive Agreement on January 28, 2026, to acquire Golden Lake Exploration Inc. via a plan of arrangement, with Golden Lake becoming a wholly-owned subsidiary of McEwen.
- The acquisition aims to integrate Golden Lake's Jewel Ridge and Jewel Ridge West projects, which are adjacent to McEwen's Gold Bar Mine Complex, to help transform it into a long-life operation.
- Each Golden Lake common share will be exchanged for 0.003876 McEwen common shares, representing an implied offer price of CDN $0.12 per Golden Lake Share, which is a 60% premium to Golden Lake's 20-day volume-weighted average price as of January 26, 2026.
- Following the completion of the transaction, existing Golden Lake shareholders are expected to own approximately 0.5% of the combined company.
- The Proposed Transaction requires approval from 66 ⅔% of Golden Lake shareholders, warrantholders, and noteholders at a special meeting anticipated in March, in addition to necessary court and regulatory approvals.
Jan 29, 2026, 1:40 AM
McEwen Announces Significant Gold Drill Results and Development Plans
MUX
New Projects/Investments
Revenue Acceleration/Inflection
- McEwen Inc. (MUX) announced new drill results from its Gold Bar Mine Complex in Nevada, with the best hole at Windfall returning 5.55 gpt gold over 44.2 meters, including 48.38 gpt gold over 4.6 meters of oxide mineralization.
- These results are part of the company's strategy to transform the Gold Bar Mine Complex into a potential long-life operation, integrating Windfall, Lookout Mountain, and Unity Ridge into production plans to double production by 2030.
- The company plans to publish a Mineral Resource Estimate for Lookout Mountain by the end of February and invest approximately $10 million in exploration in 2026 to update Mineral Resource Estimates for Windfall and Unity Ridge.
Jan 27, 2026, 11:09 AM
Goliath Resources Reports High-Grade Gold Intercepts and Expansion of Surebet Discovery
MUX
New Projects/Investments
Guidance Update
- Goliath Resources Limited reported assay results (gold only) from the remaining 70 holes of its 2025 drill campaign at the Surebet Discovery on its Golddigger Property.
- Highlights include drill hole GD-25-319 intersecting 19.13 g/t Au over 6.10 meters and drill hole GD-25-405 intersecting 10.58 g/t Au over 8.30 meters.
- 100% of the drill holes completed to date have intersected gold mineralization, demonstrating continuity, grades, and widths in 5 Main Gold-Rich Zones comprising 46 mineralized lodes that remain open for expansion.
- The company is fully funded for its 2026 drill program, which will mainly focus on expanding the 5 Main Mineralized Zones and testing the Motherlode causative intrusive source.
- Assay results are still pending for 110 drill holes from 2025 for multi-element gold equivalent (AuEq) results, which will be released in the near future.
Jan 20, 2026, 11:20 AM
McEwen Announces 23% Increase in Grey Fox Indicated Gold Resources and Upcoming Pre-Feasibility Study
MUX
New Projects/Investments
- McEwen Inc. reported its Year-End 2025 Mineral Resource Estimate for the Grey Fox Project, totaling 1.9 million Indicated gold ounces and 436,000 Inferred gold ounces.
- This estimate reflects a 23% increase in the Indicated Resource compared to Year-End 2024.
- A Pre-Feasibility Study (PFS) for the Grey Fox Project, which will balance underground and open pit mining methods, is scheduled for release in Q2 2026.
- The Grey Fox Project is considered important for the Company's goal of doubling production by 2030.
- The recently acquired Stroud Property, adjacent to Grey Fox, contains a historical resource of approximately 270,000 gold ounces, which McEwen plans to validate and incorporate in future updates.
Jan 20, 2026, 11:00 AM
Quarterly earnings call transcripts for McEwen.
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