McEwen Inc. (NYSE: MUX) (TSX: MUX) has released its first-quarter 2026 financial results, detailing progress at its development and exploration projects across Canada, the U.S., Mexico, and Argentina. The company is advancing toward its goal of increasing annual production to between 250,000 and 300,000 gold equivalent ounces (GEOs) by 2030, buoyed by strong gold prices and ongoing mine development.
Key highlights include progress at the Stock and Grey Fox mines in Ontario, resource growth at Tartan and Windfall, expansion initiatives at Gold Bar and El Gallo, and continued advancement of the Los Azules copper project through McEwen Copper. The full press release is available at https://ibn.fm/qiAmR.
McEwen shares trade on both the NYSE and TSX under the ticker MUX. The company provides shareholders with exposure to a growing base of gold and silver production, in addition to a large copper development project, all located in the Americas. Its gold and silver mines are situated in prolific mineral-rich regions, including the Cortez Trend in Nevada, the Timmins district of Ontario, Flin Flon in Manitoba, and the Deseado Massif in Santa Cruz province, Argentina. McEwen is also reactivating its gold-silver El Gallo Mine in Mexico.
The company holds a 46.3% interest in McEwen Copper, which owns the large, long-life, advanced-stage Los Azules copper development project in San Juan province, Argentina. According to the last financing for McEwen Copper, the implied value of McEwen's ownership interest is US$456 million, or US$7.67 per share. The Los Azules copper project is designed to be one of the world's first regenerative copper mines and aims to be carbon neutral by 2038. Its feasibility study results were announced in a press release dated October 7, 2025.
McEwen also recently purchased a 27.3% stake in Paragon Advanced Labs Inc., a newly listed public company deploying PhotonAssay units globally. The company believes this technology is poised to become the new industry standard for assaying precious and base metals, with Paragon aiming to be a leading service provider.
Chairman and Chief Owner Rob McEwen has personally invested over US$250 million and takes a salary of $1 per year, aligning his interests with shareholders. This announcement underscores McEwen's strategic focus on expanding production and advancing key projects, positioning the company to capitalize on favorable market conditions and deliver long-term value to shareholders.
