McEwen Inc. (MUX)

McEwen Inc. changed its name from McEwen Mining Inc. in July 2025. The Q3 2025 earnings report showed improved year-over-year financials despite missing revenue and EPS expectations. Operational challenges at the Gold Bar mine and Fox Complex led to reduced production guidance for 2025. The Los Azules copper project achieved significant milestones, including acceptance into Argentina's Large Scale Investment Incentive Program. The company announced plans for a McEwen Copper IPO in Q1 2026 and completed the acquisition of Canadian Gold Corp. The stock has seen a significant increase over the past year.

McEwen Inc. operates as a price-taker for gold, silver, and copper, and while demand for these minerals is growing, there is no specific seasonal pattern impacting the company's products or services.

McEwen Inc. is a publicly traded company focused on the exploration, development, production, and sale of gold and silver deposits, with a growing interest in copper. The company aims to double its gold and silver production to 250,000-300,000 GEOs by 2030.

McEwen Inc. has operations and exploration properties in the USA, specifically Nevada, with the Gold Bar mine. In Canada, the Fox Complex in Timmins, Ontario, includes the Black Fox gold mine. In Mexico, assets include the El Gallo Project and the Fenix Project in Sinaloa. In Argentina, McEwen Inc. holds a 49% interest in the San Jose mine and is advancing the Los Azules copper project.

McEwen Inc.'s brand benefits from Rob McEwen's leadership and commitment to sustainability, particularly through the Los Azules copper project. The acceptance of the Los Azules project into Argentina's Large Scale Investment Incentive Program is a positive indicator. Operational difficulties and production misses in Q3 2025 posed challenges. Shareholder concerns were raised regarding the fairness of the Canadian Gold Corp acquisition terms.

Rob McEwen is the largest individual shareholder, owning approximately 15.18% to 25% of the outstanding shares. Institutional investors collectively hold over 40% of the company's shares, including MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd., State Street Corp, and Van Eck Associates Corp.