MUX
McEwen Inc. · Materials · Other Precious Metals & Mining
Last
$15.87
+$0.27 (+1.74%) 11:14 AM ET
Prev close $15.60
Open $15.93
Day high $15.93
Day low $15.33
Volume 226,843
Avg vol 1,221,446
Mkt cap
$957.19M
EV/Sales
4.04
P/E ratio
11.87
FY Revenue
$248.44M
EPS
1.31
Gross Margin
30.91%
Div yield
0.00%
Sector
Materials
AI report sections
MUX
McEwen Inc.
MUX closed at 20.22 after a high-volume advance, with price holding above its short-term averages and VWAP, indicating positive near-term price participation. The 12-month return of 90.0% contrasts with a 22.9% decline over six months, indicating a recovery within a historically volatile price range. Fundamentals show positive revenue, earnings, and operating-cash-flow growth, while low free-cash-flow yield and elevated EV/EBITDA temper the valuation context.
AI summarized at 12:56 AM ET, 2026-08-20
AI summary scores
INTRADAY: 70 SWING: 63 LONG: 55
Volume vs average
Intraday (cumulative)
+19% (Above avg)
Vol/Avg: 1.19×
RSI
30.86 (Weak)
Weak (30–40)
MACD momentum
Intraday
-0.02 (Weak)
MACD: 0.00 Signal: 0.02
Short-Term
-0.17 (Weak)
MACD: -0.66 Signal: -0.49
Long-Term
-0.21 (Weak)
MACD: -0.59 Signal: -0.37
Intraday trend score 50.73

Latest news

MUX 12 articles Positive: 12 Neutral: 0 Negative: 0
Positive GlobeNewswire Inc. • Na
McEwen Signs US$55 Million Agreement to Sell Fuller and Paymaster

McEwen Inc. has agreed to sell its Fuller and Paymaster properties in Timmins, Ontario to Discovery Mining's subsidiary Dome Mine Ltd. for US$55 million (US$5M cash, US$50M in Discovery shares). The proceeds will support McEwen's growth strategy targeting 250,000-300,000 gold equivalent ounces annually by 2030, with major projects including Stock Mine production in Q4 2026 and El Gallo construction in Mexico.

MUX asset sale mining properties capital raise gold production Fox Complex Los Azules copper project Argentina
Sentiment note

Company monetizes non-core assets while maintaining focus on high-value projects (Stock Mine, El Gallo, Grey Fox). Secures US$68.5M in capital for growth without share dilution, advancing its 2030 production targets and strengthening liquidity position.

Positive GlobeNewswire Inc. • Mcewen Inc.
McEwen Copper Completes US$240 Million Term Loan to Advance Los Azules Toward Final Investment Decision

McEwen Copper, a 46.3%-owned subsidiary of McEwen Inc., has closed a $240 million senior secured 4-year term loan to advance the Los Azules copper project in Argentina. The financing includes contributions from Sprott Natural Resource Investment Partners ($112M) and Chairman Rob McEwen ($85M). A final investment decision is expected in mid-2027 with commercial production targeted for 2030. The project has completed over 5,600 meters of drilling and engineering is ahead of schedule.

MUX Los Azules copper project term loan financing Argentina mining final investment decision copper production project development RIGI approval
Sentiment note

Successful completion of $240M financing demonstrates strong investor confidence in Los Azules project. Project advancement is ahead of schedule with improved geotechnical results. Copper price has increased 50% since last financing, and RIGI approval significantly improves project economics. FID expected mid-2027 with production targeted for 2030.

Positive GlobeNewswire Inc. • Na
McEwen Announces Planned Retirement of COO & Promotions to Its Senior Leadership Team

McEwen Inc. announced the planned retirement of Chief Operating Officer William Shaver after 55 years in the mining industry and 4 years at McEwen. The company promoted three executives to leadership positions to oversee operations, development projects, and permitting as it pursues its goal of 250,000-300,000 GEOs by 2030. The promotions include Channa Kumarage as VP Operations, Kevin Bromfield as VP Development Projects, and Zahir Jina as VP Permitting, Government Relations and Sustainability.

MUX leadership transition executive promotions mining operations Stock Mine Timmins El Gallo Mexico Los Azules copper project gold and silver production
Sentiment note

The company is executing a planned leadership transition with strategic promotions of experienced internal talent to key positions. The timing coincides with major operational milestones (Stock Mine nearing completion, El Gallo starting construction) and demonstrates organizational depth and continuity. The appointment of specialized executives for operations, development, and permitting suggests confidence in achieving the 250,000-300,000 GEOs production goal by 2030.

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.

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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