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McEwen reports $33.4M Q1 net income, plans to double gold production by 2030 with self-funded projects.

Company Fundamentals
06 May 2026
GlobeNewsWire
View Source
Bullish
pluang ai news

McEwen Inc. posted a strong Q1 2026 with net income of $33.4 million, reversing a loss from the previous year, driven by higher gold prices and increased production. The company plans to double its gold equivalent production to 250,000-300,000 ounces by 2030 through phased development projects across Canada, the USA, Mexico, and Argentina. Key projects include the Stock Mine in Canada starting production in H2 2026, expansion at the Gold Bar Mine Complex in Nevada, and the El Gallo mine in Mexico. McEwen expects to self-fund growth with limited share dilution, supported by strong cash flow from its San José mine and advancing its Los Azules copper project toward a final investment decision.

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