| Metric | Value ($ M) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 59.23 | 20.0% | 26.8% |
| Total Income | 59.23 | 20.0% | 26.8% |
| Expenditure | 12.38 | 227.0% | 20.9% |
| PBT | 5.79 | 82.6% | 200.0% |
| Net Profit | 9.61 | 71.2% | 216.1% |
| OPM | 13.01% | 42.69pp | 20.24pp |
| NPM | 16.22% | 28.86pp | 9.71pp |
| EPS | 0.16 | 71.4% | 166.7% |
McEwen Inc. Reports Q2 2026 Financial Results and Operational Updates
08 Aug 2026 · 8 Aug, 1:54 am
Summary
McEwen Inc. announced strong second quarter financial results for the period ended June 30, 2026, with net income rising to $9.6 million ($0.16 per share) from $3.0 million ($0.06 per share) in the prior year's quarter. Revenue from operations increased by 27% to $59.2 million, supported by a 35% year-over-year increase in the average realized gold sale price. Adjusted EBITDA also saw a notable increase to $22.2 million. The company highlighted significant exploration success driving resource growth across its sites, with particular emphasis on new discoveries at the Grey Fox Project and Tartan Mine Project, and increased its production guidance for the Fox Complex.
Key Highlights
- 1
McEwen Inc. reported net income of $9.6 million ($0.16 per Share) for Q2 2026, a significant increase from $3.0 million ($0.06 per Share) in Q2 2025.
- 2
Revenue from operations grew by 27% to $59.2 million in Q2 2026, driven by an average realized gold sale price of $4,454 per GEO.
- 3
Q2 2026 gross profit was $20.1 million, compared with $12.3 million in Q2 2025, positively impacted by higher gold prices.
- 4
Adjusted EBITDA increased to $22.2 million ($0.37 per share) in Q2 2026, up from $17.3 million ($0.32 per share) in Q2 2025.
- 5
Cash and equivalents increased to $78.9 million as of June 30, 2026, up from $51.0 million at December 31, 2025.
- 6
Exploration results across all sites are driving resource growth, with new discoveries at the Grey Fox Project and Tartan Mine Project.
- 7
The company is increasing production guidance at the Fox Complex for the full year to 20,000 – 23,000 GEOs.
Management Comments
McEwen
Management believes that estimated production will generate sufficient cash flow to self-fund production growth with limited to no share dilution, based on an average price of $4,000 per ounce of gold and $50 per ounce of silver. Management will look to leverage the current infrastructure at site to reduce capital expenditures.
Informational and educational content only. Not investment advice.