| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 74.05 | 107.4% |
| Total Income | 74.05 | 107.4% |
| Expenditure | -9.75 | 155.1% |
| PBT | 33.21 | 551.8% |
| Net Profit | 33.38 | 632.4% |
| OPM | 55.70% | 77.10pp |
| NPM | 45.08% | 62.64pp |
| EPS | 0.56 | 566.7% |
McEwen Inc. Reports Strong Q1 2026 Results: Net Income $33.4M
08 May 2026 · 8 May, 5:56 pm
Summary
McEwen Inc. announced strong Q1 2026 financial results, with a net income of $33.4 million compared to a net loss in the previous year. Revenue increased significantly by 107% to $74.0 million, driven by higher gold prices and increased production. The company is advancing its multi-asset growth strategy, internally funding key projects to double production by 2030. Full-year 2026 production guidance remains between 114,000 and 126,000 GEOs.
Key Highlights
- 1
McEwen Inc. reported a net income of $33.4 million, or $0.56 per share, in Q1 2026, compared to a net loss of $6.3 million, or $0.12 per share, in Q1 2025.
- 2
Q1 2026 revenue increased by 107% to $74.0 million from the sale of 15,752 GEOs, compared to $35.7 million from the sale of 13,036 GEOs in Q1 2025.
- 3
The average realized gold sale price per GEO was $4,792 in Q1 2026, 71% higher than the $2,803 in Q1 2025.
- 4
Adjusted EBITDA increased to $44.8 million, or $0.76 per share, in Q1 2026, compared to $8.7 million, or $0.16 per share, in Q1 2025.
- 5
San José Mine produced 14,582 GEOs in Q1, which is 33% higher than in Q1 2025.
- 6
Full-year 2026 production guidance remains between 114,000 - 126,000 GEOs.
- 7
Cash and equivalents increased to $56.5 million, compared with $51.0 million at December 31, 2025.
Informational and educational content only. Not investment advice.