McEwen's Q4 Revenue Surges 28%, Swings to Profit on Strong Gold Prices
MUX has more than doubled off its 52-week low of $6.38.
Summary
McEwen Inc. reported robust fourth-quarter results, with revenue increasing 28% year-over-year, primarily driven by a 28% rise in average realized gold prices and higher production volumes. The company also swung to a net profit of $38.1 million for the quarter, a significant improvement from a prior year loss, and saw adjusted EBITDA more than double. This strong performance highlights the positive impact of commodity prices and operational improvements. Looking ahead, McEwen provided 2026 production guidance of 114,000-126,000 GEOs and outlined ambitious 2030 targets, including 250,000-300,000 GEOs annually and significant copper production from its Los Azules project. Traders will be watching the company's execution against these targets and the continued trajectory of precious metal prices.
At the time of this announcement, MUX was trading at $25.00 on NYSE in the Industrial Applications And Services sector, with a market capitalization of approximately $1.5B. The 52-week trading range was $6.38 to $29.70. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Reuters.