McEwen Inc.
For the period ended Sep 30, 2026. Filed Nov 9, 2026.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2026 · Filed Nov 9, 2026
MUX$13.55-16.5%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Item 1. Financial Statements (unaudited)
Item 1. FINANCIAL STATEMENT****S
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)****(UNAUDITED)
(in thousands of U.S. dollars, except per share, and shares)
| | | | | | | | | | | | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| · Three months ended September 30, · · Nine months ended September 30, | |||||||||||
| · 2026 · · 2025 · · 2026 · · 2025 | |||||||||||
| Revenue from gold and silver sales | $43,640 | | $50,534 | | $176,923 | | $132,930 | ||||
| Production costs applicable to sales | | (32,797) | | | (35,233) | | (99,586) | | (82,571) | ||
| Depreciation and depletion | | (6,889) | | | (7,485) | | | (21,808) | | | (20,192) |
| Gross profit | | 3,954 | | | 7,816 | | | 55,529 | | | 30,167 |
| | | | | | | | | | | | |
| OTHER OPERATING INCOME (EXPENSES): | | | | | | | | | | | |
| Advanced projects | | (5,324) | | | (1,658) | | | (13,466) | | | (4,237) |
| Exploration | | (11,181) | | | (6,778) | | | (28,040) | | | (15,851) |
| General and administrative (Note 19) | | (7,212) | | | (6,069) | | (24,607) | | (14,484) | ||
| Income (loss) from equity method investments (Note 9) | | (695) | | | (806) | | | 40,855 | | | (12,256) |
| Depreciation | | (177) | | | (158) | | (522) | | (475) | ||
| Reclamation and remediation | | (724) | | | (778) | | (2,161) | | | (2,310) | |
| | | (25,313) | | | (16,247) | | | (27,941) | | (49,613) | |
| Operating income (loss) | | (21,359) | | | (8,431) | | 27,588 | | (19,446) | ||
| | | | | | | | | | | | |
| OTHER INCOME (EXPENSES): | | | | | | | | | | | |
| Interest and other finance income | | 2,349 | | | 1,354 | | | 6,342 | | | 3,867 |
| Interest and other finance expenses | | (2,923) | | | (2,982) | | (8,927) | | (8,527) | ||
| Other income (expenses) (Note 3) | | (1,757) | | | 8,328 | | (9,698) | | 16,955 | ||
| Total other income (expenses) | | (2,331) | | | 6,700 | | (12,283) | | 12,295 | ||
| Income (loss) before income and mining taxes | | (23,690) | | | (1,731) | | | 15,305 | | | (7,151) |
| Income and mining tax recovery (expense) (Note 17) | | (12,965) | | | 1,269 | | | (8,975) | | | 3,459 |
| Net income (loss) after income and mining taxes | $(36,655) | | $(462) | | $6,330 | | $(3,692) | ||||
| | | | | | | | | | | | |
| Net income (loss) per share (Note 13): | | | | | | | | | | | |
| Basic | $(0.60) | | $(0.01) | | $0.11 | | $(0.07) | ||||
| Diluted | $(0.60) | | $(0.01) | | $0.10 | | $(0.07) | ||||
| Weighted average common shares outstanding (thousands) (Note 13): | | | | | | | | | | | |
| Basic | | 60,779 | | | 54,170 | | | 59,982 | | | 53,808 |
| Diluted | | 60,779 | | | 54,170 | | | 60,696 | | | 53,808 |
| | | | | | | | | | | | |
| OTHER COMPREHENSIVE INCOME: | | | | | | | | | | | |
| Change in foreign currency translation adjustments (Note 9) | $40 | | $— | | $61 | | $— | ||||
| Comprehensive income (loss) | $(36,615) | | $(462) | | $6,391 | | $(3,692) | ||||
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