McEwen Inc. Reports Q3 2026 Results with Increased Gold Production and Strategic Asset Sales
McEwen Inc. (MUX) reported a mixed third quarter for 2026, highlighted by a significant production milestone at the Gold Bar mine. Monthly output exceeded 3,000 gold equivalent ounces, marking a 15-month high and returning the operation to positive cash flow despite a $200 per ounce increase in cash costs due to rising diesel prices in Nevada. The company strengthened its liquidity position through a $55 million noncore asset sale closed in early October. Management also outlined ambitious long-term targets, aiming to double gold output to between 250,000 and 300,000 ounces by 2030. While operational challenges such as heavy snowfall at Los Azules and oversight issues at Gold Bar were noted, the company maintains a strong cash position of $49 million alongside $10 million in marketable securities.
Topics: asset sale cash flow gold production quarterly earnings
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