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McEwen MUX · USD

Materials · US listing · 🇺🇸 United States

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16.23

+4.84%

Close of 9 Nov 2026, in USD

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About McEwen

From its filings with the US Securities and Exchange Commission

SEC filings

McEwen is based in Toronto and is incorporated in Colorado. Its shares trade on NYSE under the ticker MUX. The SEC classifies its business as gold and silver ores. In the fiscal year to 31 December 2025, it reported revenue of $197.6m and net income of $34.4m. At that date it held total assets of $820.2m and shareholders' equity of $546.2m.

In its own words

McEwen Inc. (the “Company”) is a gold and silver mining production and exploration company with an advanced copper development project, focused on the Americas. We were incorporated under the laws of the state of Colorado in 1979 as US Gold Corp. In September 2011, US Gold Corp. acquired Minera Andes Inc., and was renamed McEwen Mining Inc. Effective July 7, 2025, the Company changed its name from McEwen Mining Inc. to McEwen Inc. We own 100% of the Froome mine and Stock mill in Ontario, Canada; 100% of the Gold Bar Mine Complex in Nevada; 100% of El Gallo (previously known as the Fenix Project) in Sinaloa, Mexico; a 46.3% interest in McEwen Copper Inc., the owner of the Los Azules copper project (“Los Azules”) in San Juan, Argentina; and a 49% interest in MSC, the owner and operator of the San José mine in Santa Cruz, Argentina. In addition to the above, we hold interests in advanced-stage and exploration-stage projects in the United States, Canada, Mexico, and Argentina.

Our commencement of Canadian operations in 2017 was facilitated by the acquisition of Lexam VG Gold Inc. (“Lexam”) in April 2017, followed by the acquisition of the Black Fox and Stock Properties from Primero Mining Corp. in October 2017. These two acquisitions provided us with an operating mine, mill, and significant land interests in the historic Timmins mining district of Ontario (collectively, the “Fox Complex”). On September 19, 2021, our currently operating Froome mine, located within the Black Fox Property, reached commercial production.

Quoted from its 10-K, filed 17 Mar 2026. Read the filing on SEC.gov ↗

Company facts

Sector
Materials
Industry
Metals & Mining
Listed since
7 May 1980
Employees
1,495
Head office
SUITE 2800, TORONTO
Incorporated in
CO
Classification
Gold and Silver Ores
Filer status
Accelerated filer

Leadership

Pay as last reported

  • Mr. Robert McewenChairman of the Board, Chief Executive Officer, since 2005$4,908
  • Mr. Ian BallNon-Executive Independent Vice Chairman of the Board, since 2008$47,500
  • Mr. Perry IngInterim Chief Financial Officer$347,729
  • Mr. William ShaverInterim Chief Operating Officer, Director, since 2021$489,367
  • Mr. Jeffrey ChanVice President - Finance$276,951
  • Mr. Stefan SpearsVice President - Corporate Development$264,242
  • Ms. Carmen DigesGeneral Counsel, Secretary$441,710
  • Mr. Richard BrissendenIndependent Director$50,000
  • Mr. Nicolas Darveau-GarneauIndependent Director$40,000
  • Ms. Michelle MakoriIndependent Director$40,000

Environmental, social and governance

Scores out of 100, from our data supplier

ESG
Overall
26
Environment
3
Social
17
Governance
59
Carbon reduction policy
No
Human rights policy
No

SWOT analysis

AI-generated by our data supplier. Not written or checked by our editors.

AI-generated

Strengths

  • McEwen Mining focuses on base metals in Argentina, Mexico, and the United States with 448 employees.
  • The Mexico Operations segment includes El Gallo 1 mine and El Gallo 2 project.
  • The Los Azules copper project is an advanced-stage exploration project in San Juan Province, Argentina.

Weaknesses

  • The firm has only 448 full-time employees out of 1495 total employees.
  • The Gold Bar project is a proposed mine project without current production.
  • The firm's Nevada segment includes exploration properties without confirmed reserves.

Opportunities

  • The Los Azules copper project near Chilean border offers potential for expansion.
  • McEwen Mining's segments in Mexico and Argentina provide diverse mineral sources.
  • The firm's focus on precious and base metals aligns with global demand trends.

Threats

  • The Gold Bar project's proposed status may delay revenue generation.
  • The firm's reliance on exploration properties in Nevada poses uncertainty.
  • The Los Azules project's location near Chilean border could face geopolitical risks.

Sources and methodology

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