MUX
McEwen Inc. · Materials · Other Precious Metals & Mining
Last
$16.59
−$1.01 (−5.71%) 4:00 PM ET
After hours $16.61 +$0.02 (+0.15%) 7:01 AM ET
Prev close $17.59
Open $17.26
Day high $17.26
Day low $16.26
Volume 953,433
Avg vol 1,329,061
Mkt cap
$1.05B
P/E ratio
14.06
FY Revenue
$235.91M
EPS
1.18
Gross Margin
29.24%
Sector
Materials
AI report sections
MUX
McEwen Inc.
McEwen Inc. shows firm upward price momentum with the share price near the upper end of its 52-week range and above key moving averages, supported by bullish short-term technical signals. Fundamentally, the company has double-digit revenue growth and sharply improved profitability but faces negative free cash flow and a high cash-flow-based valuation. Short interest is elevated with a high days-to-cover figure and a high short-volume ratio, indicating a notable level of positioning against the stock despite generally constructive recent news flow.
AI summarized at 11:36 AM ET, 2026-04-18
AI summary scores
INTRADAY: 72 SWING: 78 LONG: 55
Volume vs average
Intraday (cumulative)
+6% (Above avg)
Vol/Avg: 1.06×
RSI
41.42 (Neutral)
Neutral (40–60)
MACD momentum
Intraday
-0.00 (Weak)
MACD: 0.03 Signal: 0.03
Short-Term
+0.09 (Strong)
MACD: -0.67 Signal: -0.76
Long-Term
+0.07 (Strong)
MACD: -1.60 Signal: -1.67
Intraday trend score 27.74

Latest news

MUX 12 articles Positive: 10 Neutral: 1 Negative: 1
Positive GlobeNewswire Inc. • Mcewen Inc.
McEwen Inc. Joins Russell 2000® Index

McEwen Inc. (MUX) has been added to the Russell 2000® Index as part of the June 2026 reconstitution, effective June 29, 2026. The company expects increased visibility among institutional investors and index-tracking strategies. McEwen is a diversified gold, silver, and copper producer with operations across the Americas and aims to double annual production to 250,000-300,000 gold equivalent ounces by 2030.

MUX Russell 2000 Index index inclusion gold mining silver mining copper mining institutional investors market capitalization
Sentiment note

Addition to Russell 2000® Index is a positive development that increases institutional investor visibility and credibility. The company is advancing growth plans with clear production targets (250,000-300,000 gold equivalent ounces by 2030) and has significant backing from Chairman Rob McEwen who has invested over $290 million personally.

Positive GlobeNewswire Inc. • Mcewen Inc.
McEwen Inc. Announces Voting Results of the 2026 Annual Meeting of Shareholders

McEwen Inc. held its 2026 Annual Meeting on June 4, 2026, with shareholders approving the election of 11 directors, ratification of Ernst & Young LLP as auditor, and approval of share issuance to Robert R. McEwen. The meeting achieved 57.32% voting participation with strong approval margins across all proposals.

MUX annual meeting shareholder approval board election auditor ratification share issuance gold mining copper development
Sentiment note

Strong shareholder approval across all proposals with high voting margins (96.96% for CEO Robert McEwen, 99.62% for auditor appointment, 98.45% for share issuance). The company is advancing multiple mining projects with production growth targets and strategic investments in copper and assay technology, demonstrating operational progress and shareholder confidence.

Positive GlobeNewswire Inc. • Mcewen Inc.
Pre-Feasibility Study for Grey Fox at Fox Complex — High Returns, Manageable Capital, Mine Life Extended to 2041

McEwen Inc. announced positive pre-feasibility study results for its Grey Fox gold project in Ontario, projecting ~100,000 gold ounces production by 2029 and extending Fox Complex mine life to 2041. With $181 million initial capital expenditure and strong economics (31% IRR at $3,000/oz gold price, 70% IRR at $4,500/oz), the company expects to self-fund expansion and reach its 250,000-300,000 gold equivalent ounces annual production target by 2030.

MUX gold mining pre-feasibility study Grey Fox project Fox Complex capital expenditure mine life extension gold production
Sentiment note

Strong pre-feasibility study results with attractive economics (31% pre-tax IRR at base case, 70% at enhanced case), significant production growth trajectory, manageable capital requirements with internal funding capability, 15-year mine life extension, and creation of 220 full-time jobs. The project demonstrates solid financial returns and supports the company's growth objectives without material share dilution.

Positive GlobeNewswire Inc. • Mcewen Inc.
McEwen to Host Live Bullpen Q&A Moderated by Anthony Vaccaro of the Northern Miner Group at the 2026 Annual Meeting

McEwen Inc. will host its 2026 Annual Meeting on June 4, 2026, followed by a live Bullpen Q&A moderated by Anthony Vaccaro of The Northern Miner Group. The session will feature leadership discussing operational performance, growth plans, and strategy for McEwen's gold, silver, and copper assets, including the Los Azules copper development project.

MUX Annual Meeting Bullpen Q&A Los Azules McEwen Copper copper development shareholder engagement Argentina mining
Sentiment note

Company is actively engaging shareholders through an open forum with leadership, demonstrating transparency and confidence. Recent dividend from San José Mine ($49.4M) and appointment of Societe Generale for debt financing indicate strong operational performance and progress on major projects like Los Azules.

Positive GlobeNewswire Inc. • Na
McEwen Receives $49.4 Million Dividend from San José Mine — Strong Cash Generation Supports Growth Without Meaningful Share Dilution

McEwen Inc. received a $49.4 million dividend from its San José Mine in Argentina, bringing 2026 total dividends to $58.2 million and exceeding full-year expectations. The company plans to double production to 250,000-300,000 GEOs by 2030 using internally generated cash, with near-term projects including Stock Mine production in H2 2026, Grey Fox Pre-Feasibility Study completion, and El Gallo Phase 1 production targeted for mid-2027.

MUX dividend cash generation production growth San José Mine Stock Mine Grey Fox El Gallo
Sentiment note

Strong dividend generation exceeding expectations, improved balance sheet, net income of $33.4M in Q1 2026 vs. net loss in Q1 2025, multiple production projects on track, and ability to fund growth internally without significant share dilution demonstrates solid operational and financial performance.

Positive GlobeNewswire Inc. • Na
McEwen Files NI 43-101 Technical Report for the Tartan Mine Project in Manitoba

McEwen Inc. has filed an independent technical report for the Tartan Mine Project near Flin Flon, Manitoba, supporting a mineral resource estimate of 308,900 ounces of indicated gold and 302,700 ounces of inferred gold. The report was prepared by Global Resource Engineering and verified through site visits and data validation in October 2025.

MUX Tartan Mine Project mineral resource estimate NI 43-101 technical report gold resources Manitoba Flin Flon
Sentiment note

The company successfully filed a comprehensive technical report supporting substantial gold resources (611,600 total ounces) at the Tartan Mine Project. The independent verification by qualified persons and positive data validation indicates progress toward development and adds credibility to the resource estimate.

Positive GlobeNewswire Inc. • Mcewen Inc.
McEwen Q1 2026 Results Conference Call

McEwen Inc. (MUX) announced its Q1 2026 conference call scheduled for May 7, 2026, where management will discuss financial results and project developments. The company operates gold and silver mines across the Americas and holds a 46.3% stake in McEwen Copper, which is developing the Los Azules copper project in Argentina designed to be carbon neutral by 2038.

MUX Q1 2026 earnings call gold and silver production copper development Los Azules project McEwen Copper carbon neutral mining
Sentiment note

The company is actively engaging shareholders through earnings calls, expanding operations (reactivating El Gallo Mine in Mexico), and demonstrating growth through strategic investments (27.3% stake in Paragon Advanced Labs). The chairman's significant personal investment and commitment to building shareholder value further supports positive sentiment.

Positive GlobeNewswire Inc. • Mcewen Inc. And Golden Lake Exploration Inc.
McEwen Inc. and Golden Lake Exploration Inc. Announce Closing of Arrangement

McEwen Inc. has completed its acquisition of Golden Lake Exploration Inc. through a statutory plan of arrangement. Golden Lake shareholders received 0.003876 McEwen shares for each Golden Lake share held. Golden Lake's Jewel Ridge and Jewel Ridge West projects, located adjacent to McEwen's Windfall discovery in Nevada's Eureka Mining District, will be integrated into the Gold Bar Mine Complex to support its transformation into a long-life operation.

MUX business combination acquisition gold exploration Nevada mining Eureka Mining District Gold Bar Mine Complex share exchange
Sentiment note

The acquisition expands McEwen's gold exploration portfolio by adding adjacent high-grade projects with strong historical drill results. The integration is expected to support the transformation of Gold Bar Mine Complex into a long-life operation, demonstrating strategic growth and operational expansion.

Positive GlobeNewswire Inc. • Mcewen Inc.
McEwen Reports Tartan Mine Project Gold Mineral Resource Estimate

McEwen Inc. announced a Mineral Resource Estimate for its Tartan Mine Project in Manitoba, containing 308,900 indicated and 302,700 inferred gold ounces. The company plans $6 million in exploration drilling in 2026 to expand the resource and targets initial production of 30,000 gold ounces annually, with potential to reach 45,000-55,000 ounces through capacity expansion. This development supports McEwen's broader strategy to double gold production to 250,000-300,000 ounces by 2030.

MUX Tartan Mine Project Mineral Resource Estimate gold ounces Flin Flon Manitoba exploration drilling production expansion underground mining
Sentiment note

The company announced a substantial mineral resource estimate with significant indicated and inferred gold reserves, demonstrated exploration potential for resource expansion, and clear development plans to increase production. The $6 million exploration budget and advancement toward doubling production by 2030 indicate strong operational momentum and shareholder value creation.

Negative Benzinga • Na
Goliath Resources Acquires 100% Ownership Of The Golddigger Property Hosting The High-Grade Surebet Gold Discovery And Buys Down 1% Of The NSR, Golden Triangle, B.C.

Goliath Resources Limited has achieved 100% ownership of the Golddigger Property in British Columbia's Golden Triangle by issuing 3 million common shares to the Optionors. The company also reduced the Net Smelter Returns from 3% to 2%. However, the TSX Venture Exchange did not approve the proposed warrant extension for McEwen Inc., resulting in the expiration of 2.59 million warrants with a $2.50 strike price on March 10, 2026.

MUX gold exploration property acquisition Golden Triangle mineral resource estimate warrant expiration British Columbia mining
Sentiment note

McEwen's 2.59 million warrants expired worthless on March 10, 2026, as the TSX Venture Exchange denied the extension request. This represents a loss of potential upside and indicates regulatory constraints on the relationship between the two companies.

Neutral GlobeNewswire Inc. • Goliath Resources Limited
Goliath Resources Proposes to Extend Term of Warrants Held by McEwen Inc.

Goliath Resources Limited has applied to the TSX Venture Exchange to extend the expiry date of 2,590,673 common share purchase warrants issued to McEwen Inc. by six months, from March 10, 2026 to September 10, 2026. The warrants, exercisable at $2.50 per share, were issued in connection with a $10 million strategic investment by McEwen in March 2025. All other warrant terms remain unchanged.

MUX warrant extension TSX Venture Exchange strategic investment precious metals exploration Golden Triangle British Columbia
Sentiment note

McEwen's involvement is limited to warrant extension terms. As a strategic cornerstone shareholder with a $10 million investment, the extension reflects continued confidence in Goliath, but the news is administrative in nature with no new developments regarding McEwen's position or strategy.

Positive Benzinga • Globe Newswire
McEwen Inc. to Acquire Golden Lake Exploration Inc. — Further Consolidates Gold Bar Mine Complex in Nevada

McEwen Inc. (NYSE/TSX: MUX) announced it will acquire Golden Lake Exploration Inc. (CSE: GLM) through a plan of arrangement, with Golden Lake shareholders receiving 0.003876 McEwen shares per Golden Lake share, representing a 60% premium to the 20-day VWAP. The acquisition adds the adjacent Jewel Ridge and Jewel Ridge West projects to McEwen's Gold Bar Mine Complex in Nevada, with promising historical drill results. The transaction is expected to close by March 2026, subject to shareholder and regulatory approvals.

MUX acquisition gold mining Nevada Gold Bar Mine Complex consolidation exploration plan of arrangement
Sentiment note

The acquisition expands McEwen's gold mining portfolio by adding adjacent high-potential properties with promising drill results. The deal consolidates the Gold Bar Mine Complex and provides operational synergies through leveraging existing infrastructure and technical expertise, supporting the company's strategy to develop a long-life operation with increasing production.

News and sentiment labels describe article tone and are provided for research purposes only. They are not trading recommendations or forecasts.
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