Quarterly ResultAug 5, 2026, 05:34 PM
McEwen Q2 Net Income $9.6M, Basic EPS $0.16; Revenue Up 26.8%
AI Summary
McEwen Inc. reported strong financial results for the second quarter and first half of 2026. Net income for Q2 2026 significantly increased to $9.6 million, with basic EPS of $0.16, driven by a 26.8% rise in gold and silver sales revenue to $59.2 million. For the six months ended June 30, 2026, the company achieved a net income of $43.0 million and basic EPS of $0.72, a substantial improvement from a loss in the prior year period. Operating cash flow also turned positive, reaching $58.3 million for the first half of 2026.
Key Highlights
- Q2 2026 net income was $9.6 million, up from $3.0 million in Q2 2025.
- Q2 2026 basic EPS was $0.16, compared to $0.06 in Q2 2025.
- Q2 2026 revenue from gold and silver sales increased 26.8% to $59.2 million.
- Six months 2026 net income was $43.0 million, a significant improvement from a $3.2 million loss in H1 2025.
- Six months 2026 basic EPS was $0.72, compared to a loss of $0.06 in H1 2025.
- Six months 2026 cash provided by operating activities was $58.3 million, a turnaround from $(1.5) million in H1 2025.
- Total assets reached $992.1 million as of June 30, 2026, up from $820.2 million at December 31, 2025.
- Total shareholders' equity increased to $706.6 million as of June 30, 2026, from $546.2 million.
Price Impact
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