Quarterly ResultAug 7, 2026, 04:24 PM
McEwen Q2 Net Income $9.6M; Exploration Drives Resource Growth
AI Summary
McEwen Inc. reported strong second-quarter 2026 financial results, with net income rising to $9.6M and revenue increasing 27% to $59.2M. The company updated its full-year production guidance to 109,000-120,000 GEOs, increasing guidance for the Fox Complex while reducing it for the Gold Bar Complex due to operational issues. Significant exploration success was highlighted at the Grey Fox and Tartan Mine projects, driving resource growth and extending mine life potential. McEwen Copper's Los Azules project continues to advance towards a Final Investment Decision.
Key Highlights
- Q2 Net Income was $9.6M ($0.16 per share), up from $3.0M ($0.06 per share) in Q2 2025.
- Q2 Revenue increased 27% to $59.2M; Adjusted EBITDA rose to $22.2M ($0.37 per share).
- Full-year 2026 consolidated production guidance updated to 109,000-120,000 GEOs.
- Fox Complex production guidance increased to 20,000-23,000 GEOs for 2026.
- Gold Bar Complex production guidance reduced to 30,000-33,000 GEOs for 2026.
- San José Mine paid a $49.4M dividend in Q2, totaling $58.2M for 2026.
- High-grade exploration results at Grey Fox include 97.7 gpt gold over 4.4 meters.
- New Central Zone discovery at Tartan Mine includes 29.1 gpt gold over 10.0 meters.
Price Impact
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