McEwen reports stronger second-quarter profit: what it means for McEwen stock

Published on 10/07/2026 at 02:51 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

McEwen's second-quarter net income rose to USD 9.60 million from USD 3.00 million. McEwen stock had a EUR 16.02 close on October 5, 2026.

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McEwen Inc. (ISIN US58039P3055) reported second-quarter 2026 net income of USD 9.60 million, up from USD 3.00 million in the second quarter of 2025. The result gives McEwen stock a clear operating reference as the company advances gold, silver and copper projects. McEwen published the results on August 5, 2026.

Revenue and profit expand

Revenue rose 27 percent to USD 59.20 million in the second quarter of 2026 from USD 46.70 million in the comparable period. The company sold 13,948 gold equivalent ounces, versus 14,549 ounces a year earlier, while the average realized gold sale price increased 35 percent to USD 4,454 per ounce.

Gross profit reached USD 20.10 million from USD 12.30 million in the second quarter of 2025. Adjusted EBITDA, a non-GAAP measure, increased to USD 22.20 million from USD 17.30 million, showing that higher realized metal prices supported profitability even as sold ounces declined. These figures come from the company release linked above.

Guidance highlights production split

McEwen set full-year 2026 production guidance at 109,000 to 120,000 gold equivalent ounces. The range excludes early pre-commercial production from the Stock mine, which the company expects to begin mining in the fourth quarter of 2026 and enter commercial production in 2027.

The guidance also shows a mixed operating picture. Gold Bar production guidance was reduced to 30,000 to 33,000 gold equivalent ounces because of ore placement and carbon-content issues, while Fox Complex guidance increased to 20,000 to 23,000 ounces. McEwen received a USD 49.40 million dividend from the San José mine in the second quarter, bringing 2026 dividends from that operation to USD 58.20 million.

Stock price and valuation context

The last close in the Lang & Schwarz data was EUR 16.02 on October 5, 2026. The primary listing is the New York Stock Exchange, where the finance quote showed USD 18.10 on October 6, 2026 at 4:00 p.m. EDT, against a 52-week range of USD 14.93 to USD 29.70 and market capitalization of USD 1.1 billion.

McEwen's balance sheet included USD 78.90 million of cash and equivalents at June 30, 2026, while operating cash flow reached USD 46.22 million in the second quarter. For investors, the main trade-off is visible in the comparison: stronger revenue, profit and cash generation sit alongside lower Gold Bar guidance and continued development spending.

The further course of trading is shown by the continuously updated real-time quote of McEwen stock.