McEwen Inc. Q1 Revenue Doubles to $74M, Swings to Profit with $0.47 EPS
Summary
McEwen Inc. reported robust first-quarter 2026 results, with revenue more than doubling year-over-year to $74 million, a 107% increase from Q1 2025. The company achieved a significant turnaround, swinging to a net profit of $33.4 million, or $0.47 diluted EPS, compared to a net loss in the prior year. This strong performance, driven by higher metal prices and increased production, builds on the company's return to profitability in fiscal year 2025. The positive financial trajectory is a material development for the company, especially following its recent business combination with Golden Lake Exploration Inc. Traders will monitor the continued operational improvements and the progress of the Stock project towards pre-commercial production later this year.
At the time of this announcement, MUX was trading at $23.25 on NYSE in the Industrial Applications And Services sector, with a market capitalization of approximately $1.4B. The 52-week trading range was $6.88 to $29.70. This news item was assessed with positive market sentiment and an importance score of 9 out of 10. Source: Wiseek News.