Quarterly ResultAug 5, 2026, 11:52 PM
McEwen Q2 Revenue $59.2M; Raises 2026 GEO Guidance to 109K-120K
AI Summary
McEwen Inc. reported strong Q2 2026 financial results with revenue increasing 27% to $59.2 million and net income reaching $9.6 million. The company raised its full-year 2026 production guidance to 109,000-120,000 gold equivalent ounces (GEOs) and provided updates on its development projects aimed at increasing annual production to 250,000-300,000 GEOs by 2030. Significant high-grade exploration results were announced at the Grey Fox and Tartan Mine Projects, demonstrating organic growth potential, though Gold Bar Complex production guidance was reduced due to operational issues.
Key Highlights
- Q2 2026 revenue increased 27% to $59.2 million.
- Net income for Q2 2026 was $9.6 million, or $0.16 per share.
- Full-year 2026 production guidance raised to 109,000-120,000 GEOs.
- Received $49.4 million dividend from San José Mine in Q2, totaling $58.2 million for 2026.
- Grey Fox exploration intersected 97.7 gpt gold over 4.4 meters.
- Tartan Mine Project exploration found 29.1 gpt gold over 10.0 meters.
- McEwen Copper's Los Azules project advancing towards Final Investment Decision.
- MoU signed with Paragon Advanced Labs for PhotonAssay™ technology.
Price Impact
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