Expectations trend
FY2027 · fiscal year ending 2027-12-31 · fmp
MCEWEN INC (MUX)
NYSEMaterialsOther Precious MetalsSnapshot 2026-11-04
$14.93+9.46%
Close 2026-11-04 · 1-day change
NYSEMaterialsOther Precious MetalsSnapshot 2026-11-04
The long-term thesis, the evidence coming in, and the environment around it. Thesis dated Jul 8, 2026.
Next-FY EPS estimate change · 30 days
2.06 → 2.07 EPS · FY ending Dec 31, 2027 · 1 analyst
One observable signal. This measures changing earnings expectations, not the probability of a gain or loss.
Change in the same fiscal period’s mean EPS estimate from Oct 5, 2026 to Nov 4, 2026: (new ÷ prior − 1). Contributor count changed from 2 to 1; this is not the number of analysts revising. The ±10% axis is a display range.
The EPS and P/E reference is not available for MUX yet.
| Measure / period | Management expectations | Analyst expectations |
|---|
Management figures unavailable.
Current consensus figures unavailable.
4 published thesis conditions, with dated milestones shown separately.
| Key Factor | Why It Matters | Current Status | Break Condition | Latest Evidence |
|---|---|---|---|---|
Maintain all-in sustaining cost (AISC) between $2,400 and $2,600 per ounce | A supporting condition in MCEWEN INC's published investment case. The stated target is $2,400 to $2,600 per ounce. | Broken | AISC exceeds $2,600 per ounce in FY26 | Direct metric needs a verified mapping The published measure or accounting basis is not supported by an exact source binding. Date unavailableLast status assessment Nov 4, 2026Compare required operating outcomesCompare scope, accounting basis and period before treating this evidence as progress against an annual requirement. |
Compare these dated observations with the operating requirements above
FY2027 · fiscal year ending 2027-12-31 · fmp
The evidence, the remaining questions, and what comes next
No recovery evidence is reported in the available driver assessments.
Observed price history; separate from operating scenarios
The weekly editorial context below is a separate assessment from the dated monitor evidence above. Recovery observations do not automatically change the published thesis. Unverified outside influences are hypotheses, not measured driver evidence.
MUX is a high-risk, resource-growth story, supported by a sector tailwind rather than a steady earnings record. Its long-term thesis is intact and recently shifted from mixed to mildly favorable, but execution remains uneven.
MUX is considered cheap versus peers, and the evidence suggests the current setup does not reflect a full combination of expensive valuation, weak execution, and turbulent conditions. The expectations gap is negative, so the market appears to require more proof of execution than the growth strategy alone provides.
Near term, earnings quality is fragile: MUX missed its latest quarter and has had erratic earnings surprises, while the estimated miss risk is described as low. Management is advancing several projects and San José dividends exceeded original guidance, but progress is mixed and cost guidance rose slightly in the second quarter.
Over the multi-year view, the key test is whether projects such as Stock Mine, Grey Fox, Gold Bar Complex, and El Gallo can support the goal of 250,000 to 300,000 GEOs of annual production by 2030. Near term, a guidance cut would be a meaningful negative, while continued earnings strength and higher guidance from sector bellwethers HL, SBSW, and SSMR would support the sector tailwind.
For the next one to three years, MUX has a cheap-versus-peers valuation and an intact growth thesis, but high risk and fragile earnings make delivery the central uncertainty. Not investment advice.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
| The company received $58.2 million in dividends from San José in 2026, beating expectations. |
| Intact |
| dividends fall below $40 million in 2026 |
Direct metric needs a verified mapping The published measure or accounting basis is not supported by an exact source binding. Date unavailableLast status assessment Nov 4, 2026Compare required operating outcomesCompare scope, accounting basis and period before treating this evidence as progress against an annual requirement. |
Achieve revenue near $45 million in 2026 | Revenue is expected near $45 million in 2026. | Intact | revenue falls below $40 million in FY26 | Revenue: $59.234M FY2026-Q2; GAAP. Published target: ~$45 million. Annual target cannot be compared with a quarterly or TTM observation. Aug 5, 202659,234,000 USD · source valueLast status assessment Nov 4, 2026Compare required operating outcomesCompare scope, accounting basis and period before treating this evidence as progress against an annual requirement. Management contextStated in 2 of 2 supplied quarters. Management reported: “At current gold and silver prices, San José is expected to be an important source of capital that the Company will use to expand production at its other sites.” “At current gold and silver prices, San José is expected to be an important source of capital that the Company will use to expand production at its other sites.” Delivery assessment Nov 4, 2026 |
Increase attributable production at San José mine to 59,000-64,000 GEOs | McEwen Mining aims to increase production at San José to about 62,000 ounces in 2026. | Intact | production falls below 59,000 GEOs in FY26 | Direct metric needs a verified mapping The published measure or accounting basis is not supported by an exact source binding. Date unavailableLast status assessment Nov 4, 2026Compare required operating outcomesCompare scope, accounting basis and period before treating this evidence as progress against an annual requirement. Management contextStated in 2 of 2 supplied quarters. Management reported: “At current gold and silver prices, San José is expected to be an important source of capital that the Company will use to expand production at its other sites.” “At current gold and silver prices, San José is expected to be an important source of capital that the Company will use to expand production at its other sites.” Delivery assessment Nov 4, 2026 |
Stored thesis · Jul 8, 2026. Latest Evidence uses source-matched measurements where available, alongside the last thesis-monitor assessment. Source periods and assessment dates are shown separately. A new measurement does not automatically change the published status or verify an older target.
$2.39 → $2.07 · observed estimates
$0.40B → $0.37B · observed estimates
One fiscal period and provider throughout. At least five contributors are required for each plotted metric; missing coverage stays a gap. Axes show the observed range. Counts measure coverage, not revisions.
| Snapshot | EPS | Revenue | EPS / revenue analysts |
|---|---|---|---|
| 2026-07-24 | $2.39 | $395,205,500 | 2 / 2 |
| 2026-07-25 | $2.39 | $395,205,500 | 2 / 2 |
| 2026-07-26 | $3.40 | $338,611,000 | 2 / 2 |
| 2026-07-27 | $3.40 | $338,611,000 | 2 / 2 |
| 2026-07-28 | $3.40 | $338,611,000 | 2 / 2 |
| 2026-07-29 | $3.32 | $338,611,000 | 1 / 2 |
| 2026-07-30 | $3.32 | $338,611,000 | 1 / 2 |
| 2026-07-31 | $3.32 | $338,611,000 | 1 / 2 |
| 2026-08-01 | $2.11 | $395,205,500 | 2 / 2 |
| 2026-08-02 | $3.32 | $338,611,000 | 1 / 2 |
| 2026-08-03 | $3.32 | $338,611,000 | 1 / 2 |
| 2026-08-04 | $3.32 | $338,611,000 | 1 / 2 |
| 2026-08-05 | $2.11 | $395,205,500 | 1 / 2 |
| 2026-08-06 | $3.32 | $338,611,000 | 1 / 2 |
| 2026-08-07 | $2.11 | $395,205,500 | 1 / 2 |
| 2026-08-08 | $3.32 | $338,611,000 | 1 / 2 |
| 2026-08-09 | $3.32 | $338,611,000 | 1 / 2 |
| 2026-08-10 | $2.11 | $395,205,500 | 1 / 2 |
| 2026-08-12 | $2.11 | $395,205,500 | 1 / 2 |
| 2026-08-13 | $2.11 | $395,205,500 | 1 / 2 |
| 2026-08-14 | $2.11 | $395,205,500 | 1 / 2 |
| 2026-08-15 | $2.11 | $395,205,500 | 1 / 2 |
| 2026-08-16 | $2.11 | $395,205,500 | 1 / 2 |
| 2026-08-17 | $2.11 | $395,205,500 | 1 / 2 |
| 2026-08-18 | $2.11 | $395,205,500 | 2 / 2 |
| 2026-08-19 | $2.11 | $395,205,500 | 2 / 2 |
| 2026-08-20 | $2.31 | $380,507,333 | 2 / 2 |
| 2026-08-21 | $2.31 | $380,507,333 | 2 / 2 |
| 2026-08-22 | $2.31 | $380,507,333 | 2 / 2 |
| 2026-08-23 | $2.31 | $380,507,333 | 2 / 2 |
| 2026-08-24 | $2.31 | $380,507,333 | 2 / 2 |
| 2026-08-25 | $2.31 | $380,507,333 | 2 / 2 |
| 2026-08-26 | $2.31 | $380,507,333 | 2 / 2 |
| 2026-08-27 | $2.31 | $380,507,333 | 2 / 2 |
| 2026-08-28 | $2.31 | $380,507,333 | 2 / 2 |
| 2026-08-29 | $2.31 | $380,507,333 | 2 / 2 |
| 2026-08-30 | $2.31 | $380,507,333 | 2 / 2 |
| 2026-08-31 | $2.31 | $380,507,333 | 2 / 2 |
| 2026-09-01 | $2.31 | $380,507,333 | 2 / 2 |
| 2026-09-02 | $2.31 | $380,507,333 | 2 / 2 |
| 2026-09-03 | $2.31 | $380,507,333 | 2 / 2 |
| 2026-09-04 | $2.31 | $380,507,333 | 2 / 2 |
| 2026-09-05 | $2.31 | $380,507,333 | 2 / 2 |
| 2026-09-06 | $2.31 | $380,507,333 | 2 / 2 |
| 2026-09-07 | $2.31 | $380,507,333 | 2 / 2 |
| 2026-09-08 | $2.31 | $380,507,333 | 2 / 2 |
| 2026-09-09 | $2.31 | $380,507,333 | 2 / 2 |
| 2026-09-10 | $2.37 | $390,874,000 | 2 / 2 |
| 2026-09-11 | $2.37 | $390,874,000 | 2 / 2 |
| 2026-09-12 | $2.37 | $390,874,000 | 2 / 2 |
| 2026-09-13 | $2.37 | $390,874,000 | 2 / 2 |
| 2026-09-14 | $2.37 | $390,874,000 | 2 / 2 |
| 2026-09-15 | $2.37 | $390,874,000 | 2 / 2 |
| 2026-09-16 | $2.37 | $390,874,000 | 2 / 2 |
| 2026-09-17 | $2.37 | $390,874,000 | 2 / 2 |
| 2026-09-18 | $2.37 | $390,874,000 | 2 / 2 |
| 2026-09-19 | $2.37 | $390,874,000 | 2 / 2 |
| 2026-09-20 | $2.37 | $390,874,000 | 2 / 2 |
| 2026-09-21 | $2.37 | $390,874,000 | 2 / 2 |
| 2026-09-22 | $2.34 | $390,874,000 | 2 / 2 |
| 2026-09-23 | $2.34 | $390,874,000 | 2 / 2 |
| 2026-09-24 | $2.34 | $390,874,000 | 2 / 2 |
| 2026-09-25 | $2.34 | $390,874,000 | 2 / 2 |
| 2026-09-26 | $2.34 | $390,874,000 | 2 / 2 |
| 2026-09-27 | $2.34 | $390,874,000 | 2 / 2 |
| 2026-09-28 | $2.34 | $390,874,000 | 2 / 2 |
| 2026-09-29 | $2.34 | $390,874,000 | 2 / 2 |
| 2026-09-30 | $2.34 | $390,874,000 | 2 / 2 |
| 2026-10-01 | $2.34 | $390,874,000 | 2 / 2 |
| 2026-10-02 | $2.34 | $390,874,000 | 2 / 2 |
| 2026-10-03 | $2.06 | $390,874,000 | 2 / 2 |
| 2026-10-04 | $2.06 | $390,874,000 | 2 / 2 |
| 2026-10-05 | $2.06 | $390,874,000 | 2 / 2 |
| 2026-10-06 | $2.06 | $390,874,000 | 2 / 2 |
| 2026-10-07 | $2.06 | $390,874,000 | 2 / 2 |
| 2026-10-08 | $2.06 | $390,874,000 | 2 / 2 |
| 2026-10-09 | $2.06 | $390,874,000 | 2 / 2 |
| 2026-10-10 | $2.06 | $390,874,000 | 2 / 2 |
| 2026-10-11 | $2.06 | $390,874,000 | 2 / 2 |
| 2026-10-12 | $2.06 | $390,874,000 | 2 / 2 |
| 2026-10-13 | $2.06 | $390,874,000 | 2 / 2 |
| 2026-10-14 | $2.06 | $390,874,000 | 2 / 2 |
| 2026-10-15 | $2.06 | $371,905,500 | 2 / 2 |
| 2026-10-16 | $2.06 | $371,905,500 | 2 / 2 |
| 2026-10-17 | $2.06 | $371,905,500 | 2 / 2 |
| 2026-10-18 | $2.06 | $371,905,500 | 2 / 2 |
| 2026-10-19 | $2.06 | $371,905,500 | 2 / 2 |
| 2026-10-20 | $2.06 | $371,905,500 | 2 / 2 |
| 2026-10-21 | $2.04 | $371,905,500 | 2 / 2 |
| 2026-10-22 | $2.04 | $371,905,500 | 2 / 2 |
| 2026-10-23 | $2.04 | $371,905,500 | 2 / 2 |
| 2026-10-24 | $2.07 | $371,905,500 | 2 / 2 |
| 2026-10-25 | $2.07 | $371,905,500 | 2 / 2 |
| 2026-10-26 | $2.07 | $371,905,500 | 2 / 2 |
| 2026-10-27 | $2.07 | $371,905,500 | 2 / 2 |
| 2026-10-28 | $2.07 | $371,905,500 | 1 / 2 |
| 2026-10-29 | $2.07 | $371,905,500 | 1 / 2 |
| 2026-10-30 | $2.07 | $371,905,500 | 1 / 2 |
| 2026-10-31 | $2.07 | $371,905,500 | 1 / 2 |
| 2026-11-01 | $2.07 | $371,905,500 | 1 / 2 |
| 2026-11-02 | $2.07 | $371,905,500 | 1 / 2 |
| 2026-11-03 | $2.07 | $371,905,500 | 1 / 2 |
| 2026-11-04 | $2.07 | $371,905,500 | 1 / 2 |
Revenue and EPS estimates track expectations. They are not delivered results or like-for-like proof of a required annual path.
Latest: 6 Buy / Strong Buy · 0 Hold · 0 Sell / Strong Sell
Recent actions · Oct 6–Nov 4 · 0 recorded
Individual price-target observations are unavailable.
0 raises · 0 cuts · 0 unchanged · 0 without a comparable prior
Oct 6, 2026–Nov 4, 2026. Each firm's latest positive target is paired only with its immediately prior positive target from the same provider, at most 180 days earlier. Unmatched observations have one dot; conflicting observations are not compared.
Next earnings date unavailable
Look for updated results and guidance against the published targets, plus direct evidence for unresolved drivers.
Review earnings4 of 4 published conditions remain under pressure or need verification. The next results need to address those conditions.
The dated weekly assessment and its assumptions are available in Read detailed Outlook.