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
QuarterlyIQ Insights · MUX
What must go right, what could break, what the price assumes, and what evidence comes next.
The current health of the standing investment case.
Recent financial performance is holding in the top half of its industry — the reason to own it looks intact.
One-year growth currently built into the price, compared with our model's estimate.
| Measure | Marker shape | Value |
|---|---|---|
| Growth built into the price | circle | -19.6% |
| Our one-year growth estimate | diamond |
For each item: what to watch, what would become a concern, and what would make it less concerning.
A reporting-risk estimate, not a forecast of the stock-price response.
Historical relationships that met the evidence threshold. They do not prove cause or forecast a move.
Usually moved in the opposite direction.
Price observations: 365 days
Usually moved in the same direction.
Price observations: 365 days
Most sensitive to the US dollar and the broad stock market.
Based on historical daily prices through 2026-11-04.
Past price behavior in dollars on a $10,000 position. This does not measure permanent business risk.
How much price usually moves either way.
Use the underlying financial and sector pages to investigate the cause.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
| 41.8% |
Growth built into the price is above our model estimate.
The price assumes 61.4 percentage points less one-year growth.
The one-year revenue growth assumption on Valuation.
Worth watching into the next print: this name operates in a high-miss-rate industry and has erratic recent earnings surprises. A fundamental tilt, not a price call.
Model as of 2026-11-04 · Compared with 1 industry peers · Company calendar date is not available
MUX — credit agreement
Dated 2026-09-01
Regulation FD Disclosure. On August 27, 2026, McEwen Inc. (the “Company”) announced that its 46.3%-owned equity investee McEwen Copper Inc. has closed a $240 million senior secured 4-year term loan facility with a syndicate of lenders and provided an update on the Los Azules project. A copy of the press release is furnished with this report as Exhibit 99.1. Investors and other interested parties are encouraged to read in its entirety the press release because it contains important information…
Why it matters: San José dividends add cash for McEwen. The reported US$58.2 million topped the original range, but future payments can change.
Supportive ifMcEwen reports San José dividends above US$50 million for the next reported year.
Worry ifMcEwen reports San José dividends below US$40 million for the next reported year.
Why it matters: El Gallo is one of McEwen's named growth projects. Meeting the build plan would support its production goal.
Supportive ifMcEwen reports progress on construction and still targets production for H2 2027.
Worry ifMcEwen reports a construction delay or moves the production target past H2 2027.
Why it matters: Higher costs can squeeze mine cash. The latest priority data raised the AISC range to US$2,500–2,750 per ounce.
Worry ifMcEwen reports AISC above US$2,750 per ounce in its next update.
Less concerning ifMcEwen reports AISC at or below US$2,750 per ounce and keeps the range unchanged.
Why it matters: Stock is a near-term test of McEwen's plan to grow mine output. A late start would weaken that plan.
Supportive ifMcEwen reports that Stock Mine production began by the end of Q4 2026.
Worry ifMcEwen reports that Stock Mine production did not start by the end of Q4 2026.
We watch for confirming and disproving signals on each item. Resolutions are found automatically where possible and checked by hand for unclear cases. Last 90 days shown.
A larger daily loss that occurred about once in every 20 trading days.
Deepest peak-to-trough drop in the last year.
| Measure | Value | Meaning |
|---|---|---|
| Typical day | ±$215 on $10,000 · ±2.2% | How much price usually moves either way. |
| Bad day | $729 loss on $10,000 · 7.3% | A larger daily loss that occurred about once in every 20 trading days. |
| Largest peak-to-trough drop in the past year | $5,305 loss on $10,000 · 53.0% | Deepest peak-to-trough drop in the last year. |
Past year. 1.00 means similar movement; 1.20 means about 20% more.
Past year. 1.00 means similar movement to the sector. This is secondary context.
Latest 30 trading days, shown as an annual percentage.
Latest 252 trading days, shown as an annual percentage.
20-trading-day average in US dollars.
Trading days used by the source risk snapshot.
Past results, not a forecast. Not investment advice.
Why it matters: McEwen Copper needs more funding before Los Azules can move to a final investment decision. The US$240 million loan funds early work, not the full build.
Watch forMcEwen Copper makes its final investment decision. It also secures all project funding by mid-2027.
Also watch forBy mid-2027, no full project funding or final investment decision is announced.
Why it matters: The sale would bring in US$55 million, mostly in Discovery shares. A delay or failed close would reduce planned funds for projects.
Supportive ifA company filing says the sale closed and TSX approval came through.
Worry ifThe company says the sale ended or TSX approval did not come through.