---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-26-026975"
form_type: "8-K"
ticker: "MUX"
cik: "0000314203"
company_name: "McEwen Inc."
filed_at: "2026-03-12T23:59:59+00:00"
generated_at: "2026-05-15T14:24:59.487475+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# McEwen swings to profit: Q4 net income $38.1M, FY net income $34.4M; 2026 GEO guidance 114k-126k

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-26-026975
- form_type: 8-K
- ticker: MUX
- cik: 0000314203
- company_name: McEwen Inc.
- filed_at: 2026-03-12T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/314203/000110465926026975/0001104659-26-026975-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/314203/000110465926026975/tm268667d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-026975
- JSON: https://secwatch.observer/filing/0001104659-26-026975.json
- Plain text: https://secwatch.observer/filing/0001104659-26-026975.txt

## Key facts
- Earnings Releases
  McEwen Inc. reported fourth quarter and full year 2025 results: net income $38.1M ($0.70 per Share).
  - Period: fourth quarter and full year 2025
  - Net income: $38.1M ($0.70 per Share)
  - Result: reported results
  source text: Q4 Net Income of $38.1M ($0.70 per Share) vs. Net Loss of $8.2M ($0.16 per Share) in Q4 2024
  evidence_url: https://www.sec.gov/Archives/edgar/data/314203/000110465926026975/0001104659-26-026975-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.