earnings
confidence high
sentiment positive
materiality 0.75
McEwen Q2 net income $9.6M ($0.16/sh) vs $3.0M; raises Fox guidance, cuts Gold Bar
McEwen Inc.
2026-Q2 EPS reported
$0.61
revenue$133,283,000
- Q2 net income $9.6M ($0.16/sh) vs $3.0M ($0.06/sh) in Q2 2025; revenue $59.2M up 27% YoY on 13,948 GEOs sold.
- Fox Complex 2026 production guidance raised to 20,000-23,000 GEOs from 16,000-19,000; AISC unchanged at $2,650-$2,850/GEO.
- Gold Bar Complex 2026 guidance cut to 30,000-33,000 GEOs from 39,000-43,000; AISC raised to $2,900-$3,200/GEO due to heap leach issues.
- Exploration: Grey Fox hits 97.7 gpt Au over 4.4m; Tartan new Central Zone discovery; Stock Mine life extended to 8.5 years.
- San José dividend $49.4M in Q2, $58.2M YTD 2026, exceeding $40-50M estimate; McEwen Copper FID progress at 27%.