Company Analysis

McEwen Inc. (MUX)

NYSE: MUX · Gold and Silver Ores · Toronto · filing with the SEC since 1994
Grade3.4
◀ Past 2.1● Present 3.9▶ Future 4.7

The grade of McEwen Inc.

Nine metrics read from its own filings, by tense
Headline grade
3.4/10
◀ Past2.140% of the headline
● Present3.935% of the headline
▶ Future4.725% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

All nine metrics read as filed from the record.

◀ Past

What did they actually do?

2.1/1040% of the headline grade · 3 of 3 filed

Surviving crises

as filed
0.4/10

Has it survived what it has been through?

6 warning events since 2017; the latest 2026-03-17.

weight 45% of this tense · 4th percentile among 73 sector filers · read for itself

From the record

McEwen Inc.'s filings since 2017 show 6 warning events of 2 kinds: a notice about its exchange listing (8-K item 3.01, 3 times, the latest 2022-01-07); a late-report notice (Form NT 10-K or NT 10-Q, 3 times, the latest 2026-03-17) (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
3.9/10

What has it actually done, year after year?

+14.1% a year over 10 filed years; profitable in 3 of 10.

weight 33% of this tense · 39th percentile among 44 sector filers · read for its customers

From the record

McEwen Inc.'s 10 filed years say what it did: revenue went from $60 million in fiscal 2016 to $198 million in fiscal 2025, up 14.1% a year; it rose in 6 of 9 years; the deepest fall was 19% from fiscal 2021 to fiscal 2022; net income was positive in 3 of 10 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span14.1%bottom 41% of its family
  • the share of years revenue rosebottom 44% of its family
  • the share of filed years with a profitbottom 35% of its family
  • the deepest fall from a revenue peak19.1%bottom 35% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

as filed
3.0/10

How has it treated the people who own it?

Share count grew 11.4% a year. 0% of cash flow returned. Insiders: 1 sales, 1 purchases.

weight 22% of this tense · 30th percentile among 38 sector filers · read for its shareholders

From the record

Over the 3 fiscal years to 2025-12-31, McEwen Inc.'s diluted share count grew about 11.4% a year, and dividends and buybacks returned about 0% of its net income over 3 years (its filed statements). Its officers and directors filed 1 sale and 1 purchase of their own stock on the open market in the year to 2026-09-30, buying about $18 thousand (their Form 4 filings).

What it rests on

  • the share count over the yearsbottom 40% of its family
  • cash returned against operating cash flowbottom 21% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

● Present

What are they doing right now?

3.9/1035% of the headline grade · 3 of 3 filed

Financial health

as filed
3.7/10

Is it financially healthy right now?

ROE 6%: 6¢ of profit per shareholder dollar. Leverage 33%: owes 33¢ per asset dollar.

weight 45% of this tense · 37th percentile among 62 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, McEwen Inc. earned about 6 cents of profit for every dollar of shareholders' money, and gross profitability: its products earned about 6 cents per dollar of everything the company owns. Leverage: it owed about 33 cents per dollar of assets, and net share issuance: its share count grew 28.5% over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetsbottom 45% of its family
  • return on equitytop 39% of its family
  • gross profit against assetsbottom 24% of its family
  • the share count against the year beforebottom 19% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
4.6/10

How strong is its position in its industry?

bottom 46% of 44 in its family; net margin 17.4%.

weight 33% of this tense · 46th percentile among 44 sector filers · read for its customers

From the record

McEwen Inc.'s standing among 44 graded names in its industry family: revenue of $198 million in fiscal 2025 ranks in the bottom 38% by size; a net margin of 17.4% ranks in the top 46%; revenue growth of 21.4% a year over the last 3 filed years ranks in the bottom 47% (its annual reports).

What it rests on

  • revenue against the family$198Mbottom 38% of its family
  • net margin17.4%top 46% of its family
  • three-year revenue growth21.4%bottom 47% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

as filed
3.3/10

What are the people in charge doing?

bottom 33% of 13 in its family for leadership; chief executive since 2025.

weight 22% of this tense · 33rd percentile among 13 sector filers · read for its shareholders

From the record

McEwen Inc.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Mcewen, Robert Ross (Chairman and CEO, as filed), filing under that title since 2025-05-08, 1.5 years (bottom 27% of its family); the 15 officers and directors filing in the last fifteen months have been on the record a median of 3.2 years (bottom 19%); 5 officer or director changes were reported on Form 8-K since 2023-11-13, against the 15 people in charge now (top 47%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

What it rests on

  • officer and director changes on Form 8-K, against the people in charge5 in three years among 15 peopletop 47% of its family
  • the median years the people in charge have filed3.2 yearsbottom 19% of its family
  • the chief executive's years on the record1.5 yearsbottom 27% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

▶ Future

What are they set up to do next?

4.7/1025% of the headline grade · 3 of 3 filed

Room to expand

as filed
1.8/10

How much room does it have to grow?

bottom 18% of 42 in its family for room to expand.

weight 22% of this tense · 18th percentile among 42 sector filers · read for itself

From the record

McEwen Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of $51 million against debt of $126 million leaves -9.2% of its assets as net cash, bottom 9% of its family; cash from operations less capital spending is 3.5% of revenue (bottom 24%); a gross margin of 24.1% (bottom 21%) (its annual report).

What it rests on

  • cash less debt against assets-9.2%bottom 9% of its family
  • cash from operations less capital spending against revenue3.5%bottom 24% of its family
  • gross margin24.1%bottom 21% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
6.0/10

What could actually drive growth from here?

top 40% of 41 in its family for growth drivers.

weight 33% of this tense · 60th percentile among 41 sector filers · read for its customers

From the record

McEwen Inc.'s growth drivers, from the filed years to fiscal 2025: revenue grew 21.4% a year over the last three filed years against 14.1% over all 10, speeding up (top 34% of its family); the newest year grew 13.2% (bottom 21%); capital spending grew 331.2% a year (top 7%) (its annual reports). McEwen Inc. reported 3 lines of business in fiscal 2025: United States Reportable at $117 million, Canada Reportable at $76 million, Mexico Reportable at $5 million. 3 of 3 grew in the latest filed year, and the largest line is 59% of revenue (its annual report).

What it rests on

  • three-year growth against the whole span+7.3 points a yeartop 34% of its family
  • the newest year's revenue growth13.2%bottom 21% of its family
  • three-year growth of capital spending331.2%top 7% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
5.2/10

Did its newest year beat what its own record pointed to?

top 48% of 38 in its family for expectations against reality.

weight 45% of this tense · 52nd percentile among 38 sector filers · read for its shareholders

From the record

McEwen Inc.'s newest year against its own record: revenue of $198 million in fiscal 2025 came in 9.9% below the $219 million its prior three years' pace pointed to (bottom 9% of its family); net income of $34 million against a prior three-year average of $23 million (top 35%); a net margin of 17.4% against -21.7% before (top 17%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace-9.9%bottom 9% of its family
  • net income against the prior three years' average+249%top 35% of its family
  • net margin against its prior average+39.2 pointstop 17% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton MUX · research, not advice