McEwen Inc Reports Significant Profit Growth in 2025 Earnings Call
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 59 minutes ago
0mins
Should l Buy MUX?
Source: Yahoo Finance
- Profit Surge: McEwen Inc reported a net income of $34.4 million in 2025, a significant turnaround from a net loss in 2024, with gross profit more than doubling quarter over quarter, indicating a marked improvement in the company's financial health.
- Investment Attraction: The Los Azules project by McEwen Copper has successfully attracted global corporate shareholders, characterized by its environmentally sensitive and economically robust design, which is expected to provide strong support for the company's future growth.
- Production Expansion Plans: The company aims to double its precious metal production by 2030 through existing operations expansion, strategic acquisitions, and exploration, intending to enhance its market competitiveness and profitability.
- Strong Cash Position: By the end of 2025, the company reported a cash reserve of $51 million, a substantial increase from $14 million in 2024, reflecting enhanced stability in financing and operations.
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Analyst Views on MUX
Wall Street analysts forecast MUX stock price to fall
3 Analyst Rating
3 Buy
0 Hold
0 Sell
Strong Buy
Current: 24.860
Low
21.00
Averages
22.00
High
23.50
Current: 24.860
Low
21.00
Averages
22.00
High
23.50
About MUX
McEwen Inc is a gold and silver mining production and exploration company. The Company is also involved in a copper development project. Its operations sites include San Jose Mine, Fox Complex, Gold Bar mine, El Gallo Complex, Project Fenix, Los Azules, and Fox West. The San Jose mine is located in the northwest corner of the Deseado Massif region, approximately 20 kilometers north of Newmont's Cerro Negro mine. The Fox Complex is located in the Timmins Gold Mining Camp in Northern Ontario, Canada. The Gold Bar Mine is located in the southern Roberts Mountains of the Battle Mountain-Eureka-Cortez gold trend in Eureka County, Central Nevada. The El Gallo Complex is located in Mexico’s Sinaloa State, along the foothills of the Sierra Madres Occidental mountain range. The Fox West properties are located in the heart of Timmins Gold Camp in northern Ontario, Canada. The Company also holds an interest in Tartan Lake Gold Mine Project, which is located in the province of Manitoba, Canada.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
- Profit Surge: McEwen Inc reported a net income of $34.4 million in 2025, a significant turnaround from a net loss in 2024, with gross profit more than doubling quarter over quarter, indicating a marked improvement in the company's financial health.
- Investment Attraction: The Los Azules project by McEwen Copper has successfully attracted global corporate shareholders, characterized by its environmentally sensitive and economically robust design, which is expected to provide strong support for the company's future growth.
- Production Expansion Plans: The company aims to double its precious metal production by 2030 through existing operations expansion, strategic acquisitions, and exploration, intending to enhance its market competitiveness and profitability.
- Strong Cash Position: By the end of 2025, the company reported a cash reserve of $51 million, a substantial increase from $14 million in 2024, reflecting enhanced stability in financing and operations.
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- Earnings Beat: McEwen Mining reported a FY 2025 GAAP EPS of $0.59, exceeding expectations by $0.44, indicating strong profitability despite revenue falling short of forecasts.
- Revenue Growth Lags: The company generated $197.55 million in revenue for FY 2025, a 13.2% year-over-year increase, yet missed estimates by $4.46 million, reflecting a decline in GEO sales from 74,911 in 2024 to 58,552.
- Future Production Guidance: For FY 2026, production is projected between 114,000 and 126,000 GEOs, including output from the 49%-owned San José mine, suggesting growth potential while assuming a silver-to-gold ratio of 77:1.
- Rising Cost Expectations: Guidance for cash costs ranges from $2,100 to $2,300 per ounce, with all-in sustaining costs (AISC) projected between $2,400 and $2,600, indicating potential cost pressures that could impact future profitability.
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- Earnings Announcement Schedule: McEwen Mining is set to announce its Q4 earnings on March 12 after market close, with consensus estimates of $0.13 EPS and $72.83 million in revenue, which could positively impact the stock price if achieved.
- Performance Expectation Analysis: Over the past year, McEwen Mining has beaten EPS estimates 25% of the time and revenue estimates 50% of the time, indicating a degree of resilience in market fluctuations that may bolster investor confidence.
- Estimate Revision Dynamics: In the last three months, EPS estimates saw no upward revisions and one downward revision, while revenue estimates experienced one upward revision with no downward adjustments, reflecting a cautious market outlook that could influence short-term stock price volatility.
- Acquisition Activity: McEwen Mining is acquiring Golden Lake Exploration in an all-share deal, which not only helps expand its asset portfolio but may also enhance the company's market position in the gold mining sector, thereby increasing long-term growth potential.
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- Share Acquisition: Goliath Resources has received TSXV approval to issue 3 million common shares to J2 Syndicate, successfully acquiring a 51% interest in the Golddigger property, now holding 100% ownership, which strengthens its market position in the Golden Triangle.
- Net Smelter Return Adjustment: The agreement reduces the net smelter return from 3% to 2%, decreasing future financial burdens and enhancing project profitability, thereby attracting more investor interest.
- Resource Estimate Requirement: Under the amended agreement, Goliath is required to publish a mineral resource estimate by June 1, 2030, and update it every three years, which will enhance the company's transparency and accountability in resource development.
- Warrant Expiration: Goliath will not proceed with extending the expiry date of warrants issued to McEwen Inc., as the TSXV did not approve the request, resulting in 2,590,673 warrants expiring on March 10, 2026, potentially impacting the company's short-term financing capabilities.
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- Equity Acquisition: Goliath Resources has received TSXV approval to issue 3 million common shares to J2 Syndicate, successfully acquiring a 51% interest in the Golddigger property, now holding 100% ownership, which strengthens its market position in the Golden Triangle.
- Reduced NSR: The agreement allows Goliath to lower the Net Smelter Return from 3% to 2%, directly enhancing future profitability and boosting investor confidence in the company's financial outlook.
- Resource Estimate Requirement: Under the amended agreement, Goliath is required to publish a mineral resource estimate by June 1, 2030, and update it every three years, providing a long-term development roadmap that ensures ongoing investment appeal.
- Warrant Expiration: Goliath has opted not to extend the expiry of warrants held by McEwen Inc., with 2,590,673 warrants set to expire on March 10, 2026, reflecting the company's commitment to shareholder rights and regulatory compliance.
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- Conference Call Announcement: McEwen Inc. is set to hold its Q4 and year-end 2025 conference call on March 12, 2026, at 3:00 PM EDT, where management will discuss financial results and project developments, likely drawing significant investor interest.
- Investor Engagement Opportunity: The call will feature a Q&A session allowing participants to ask questions directly over the phone, enhancing interaction between the company and its investors, thereby increasing transparency and trust.
- Significant Copper Project Value: McEwen's Los Azules copper development project in Argentina has an implied value of $456 million and is expected to become one of the world's first regenerative copper mines, aiming for carbon neutrality by 2038, showcasing the company's strategic focus on sustainability.
- Executive Personal Investment: Chairman and Chief Owner Rob McEwen has personally invested over $250 million and takes a salary of $1 per year, aligning his interests with shareholders and demonstrating his commitment to the company's long-term growth.
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