MCEWEN INC (MUX)
NYSEMaterialsOther Precious MetalsSnapshot 2026-09-04
$20.07-2.29%
Close 2026-09-04 · 1-day change
NYSEMaterialsOther Precious MetalsSnapshot 2026-09-04
QuarterlyIQ Insights · MUX
How strong the business is — where it ranks within its sector on capital efficiency and cash generation, and how well management has been executing.
How management runs the business: capital, margins, balance sheet, and how reliably they guide and deliver.
A guidance track record builds as the company issues and delivers on guidance.
Priorities management has stated in recent disclosures, with status and evidence drawn from earnings calls, filings, and press releases.
Increase annual gold equivalent ounces (GEOs) production to 250,000-300,000 by 2030 through phased development of multiple mining projects across Canada, USA, Mexico, and Argentina.
Stated as a priority in 2 of last 2 quarters. Management targets increasing annual production to 250,000-300,000 GEOs by 2030 through phased development of multiple projects. Current production was 74.0M revenue in 2026-Q1 and 59.2M in 2026-Q2, reflecting ongoing growth investments. The trajectory is delivering with ongoing project development and exploration success.
Each factor is a parallel diagnostic with a clear read of what it shows and how names like it have historically fared. Never aggregated into a single score.
Operating income rose in 1 of the last 3 quarter-over-quarter moves. Historically, Materials names rated neutral grew net income 46% of the time over the next year (vs 54% for the rest of the cohort, n=2582).
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
“McEwen is advancing its plan to increase production to 250,000 - 300,000 GEOs by 2030.”
“McEwen is advancing its plan to increase production to 250,000 - 300,000 GEOs by 2030.”
Grow production from the 49% owned San José mine to 60,000-70,000 GEOs annually and maximize dividends to fund other growth projects.
Stated as a priority in 2 of last 2 quarters. Dividends from San José reached $58.2M in 2026, exceeding the original $40-$50M guidance. Production is targeted at 60,000-70,000 GEOs annually. The financial results and dividend payments demonstrate delivering progress on this priority.
“Dividends received from San José in 2026 to $58.2 million, exceeding original expectation of $40–$50 million.”
“Production attributable to McEwen’s 49% interest is targeted at 60,000 - 70,000 GEOs per year.”
Control all-in sustaining costs (AISC) per ounce within the $2,400 to $2,600 range to ensure cost discipline and profitability.
Stated as a priority in 3 of last 3 quarters. The company maintained AISC guidance at $2,400 to $2,600 per ounce through 2025-Q4 to 2026-Q2. Actual costs in Q1 and Q2 2026 were consistent with guidance, showing delivering cost discipline.
“Consolidated costs per ounce guidance ranges have been updated, at $2,500 to $2,750 for AISC.”
“Cost per ounce guidance range remains unchanged, at $2,400 to $2,600 for AISC.”
“Cost per ounce guidance ranges from $2,400 to $2,600 for AISC.”
Finish development of the Stock Mine at the Fox Complex on time and budget, with initial production starting in Q4 2026 and commercial production in 2027.
Stated as a priority in 2 of last 2 quarters. Development of Stock Mine is on time and budget with $52.2M invested since last year. Mining is expected to start in Q4 2026 and commercial production in 2027. The trajectory is delivering as planned.
“Development continued on time and within the initial budget during Q2; mining expected to begin in Q4 2026.”
“Development continued on time and within budget during Q1; initial production expected in H2 2026.”
Progress engineering, financing, and permitting activities to achieve Final Investment Decision by year-end 2026 and start construction in early 2027.
Stated as a priority in 2 of last 2 quarters. By 2026-Q2, 27% of the Final Investment Decision work program was completed. Management targets FID by year-end 2026 and construction start in early 2027. Progress is on track with advancing engineering and financing activities.
“Los Azules advanced toward FID with 27% of planned work completed as of June 30, 2026.”
“2026 objective is to advance Los Azules toward FID targeted for year-end 2026, with construction in early 2027.”
Over the trailing year it converted 0.21x of net income into operating cash flow. Historically, Materials names rated fragile grew net income 45% of the time over the next year (vs 52% for the rest of the cohort, n=1401).
Most sensitive to the US dollar and the broad stock market.
Not enough signal to read sensitivity to real (inflation-adjusted) rates, long-term interest rates, Fed net liquidity (low R² over the window).
20 material management or governance events in the past 24 months, led by capital-allocation actions. Historically, Materials names rated volatile grew net income 52% of the time over the next year (vs 50% for the rest of the cohort, n=717).
Not investment advice. As of 2026-09-04.