earnings
confidence high
sentiment positive
materiality 0.80
McEwen swings to profit: Q4 net income $38.1M, FY net income $34.4M; 2026 GEO guidance 114k-126k
McEwen Inc.
- Q4 2025 net income $38.1M ($0.70/sh) vs loss $8.2M ($0.16/sh) YoY; FY net income $34.4M vs loss $43.7M.
- Q4 revenue $64.6M (28% QoQ) on 15,196 GEOs; FY revenue $197.6M (+13% YoY) on 58,552 GEOs.
- Adjusted EBITDA Q4 $28.1M ($0.51/sh) vs $11.8M ($0.22/sh) QoQ; FY $66.2M vs $29.2M in 2024.
- 2026 guidance: 114k-126k GEOs production; cash costs $2,100-$2,300/oz; AISC $2,400-$2,600/oz.
- Los Azules copper: RIGI approved, feasibility base-case NPV $2.9B ($4.35/lb Cu), FID targeted end-2026.