The financials
McEwen Inc. by the numbers
McEwen Inc. (MUX) reported revenue of $74M in Q1 2026 (quarter ended March 31, 2026), up 107% from the same quarter a year earlier. That came with a gross margin of 43% and net income of $33M (45% of revenue). For the full year FY2025, revenue was $198M (+13% year on year) and net income $34M. Its largest segment in 2026-Q1 was Gold Bar Mine Complex In Nevada United States at $38M, 51% of the disclosed total, just ahead of Fox Complex In Ontario Canada at 34%.
| Income statement | Q1 2026 | Q1 2025 | Change |
|---|---|---|---|
| Revenue | $74M | $36M | +107% |
| Gross profit | $31M | $10M | +213% |
| Operating income | $41M | −$7.6M | to a profit |
| Net income | $33M | −$6.3M | to a profit |
| Diluted EPS | $0.47 | −$0.12 | to a profit |
| Operating | Revenue | Share |
|---|---|---|
| Gold Bar Mine Complex In Nevada United States | $38M | 51% |
| Fox Complex In Ontario Canada | $25M | 34% |
| El Gallo Project In Sinaloa Mexico | $11M | 15% |
Business Segments
Revenue split by operating segment, from SEC XBRL filings.
Latest period: Q1 2026Total $74.0M (+47%)
Fox Complex In Ontario Canada grew +90% year on yearGold Bar Mine Complex In Nevada United States +68% year on year
Segment Latestyear on year
- Gold Bar Mine Complex In Nevada United States$37.7M$37.7Myear on year +68%+68%
- Fox Complex In Ontario Canada$25.3M$25.3Myear on year +90%+90%
- El Gallo Project In Sinaloa Mexico$11.0M$11.0Myear on year --
- Canada Reportable--year on year --
- Mexico Reportable--year on year --
- United States Reportable--year on year --
Other Precious Metals & Mining
Ranks #5 of 7 by Smart Score