McEwen Inc. (NYSE: MUX, TSX: MUX) reported its first-quarter 2026 financial results and provided updates on development and exploration projects across Canada, the United States, Mexico, and Argentina. The company highlighted progress toward its target of increasing annual production to 250,000-300,000 gold equivalent ounces (GEOs) by 2030, supported by strong gold prices and advancing mine development at Stock and Grey Fox 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.
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, as well as 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, USA; 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 advanced-stage Los Azules copper development project in San Juan province, Argentina, a region that hosts some of the country's largest copper deposits. 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 project is designed to be one of the world's first regenerative copper mines and aims to achieve carbon neutrality 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 worldwide. The company believes this technology is poised to become the new industry standard for assaying precious and base metals, with Paragon aiming to be one of the leading service providers in this field.
Chairman and Chief Owner Rob McEwen has invested over US$250 million personally and takes a salary of $1 per year, aligning his interests with shareholders. He is a recipient of the Order of Canada, a member of the Canadian Mining Hall of Fame, and a winner of the EY Entrepreneur of the Year (Energy) award. His objective is to build MUX's profitability, share value, and ultimately implement a dividend policy, as he did while building Goldcorp Inc.
The latest news and updates relating to MUX are available in the company's newsroom at https://ibn.fm/MUX. For more information about McEwen and its projects, the full press release can be accessed at https://ibn.fm/qiAmR.
