McEwen Inc. Posts Strong Q2 Results as Gold Prices Boost Earnings

McEwen Inc. (MUX) has released its Q2 2026 financial and operational results, along with an update on its development and exploration portfolio across various countries.

The company reported a net income of $9.6 million in the quarter, up from $3.0 million in Q2 2025. Adjusted EBITDA rose to $22.2 million, or $0.37 per share, from $17.3 million in Q2 2025.

The San José mine in Argentina contributed significantly to McEwen's financial performance, with dividends reaching $58.2 million in 2026, exceeding full-year guidance of $40-50 million. Cash and equivalents grew to $78.9 million at June 30, 2026, from $51.0 million at year-end 2025.

McEwen is positioning itself to increase annual gold equivalent production to 250,000-300,000 GEOs by 2030, supported by multiple advanced projects and a strong dividend stream. The company has also made significant progress on its exploration efforts, with new discoveries at the Grey Fox mine suggesting potential resource and mine life expansion.