McEwen Inc. (NYSE: MUX) (TSX: MUX) announced that it has received a $49.4 million dividend from the San José Mine in Argentina, bringing total dividends from the operation in 2026 to $58.2 million. This amount already surpasses the company's original full-year expectation of $40 million to $50 million, according to a press release. The dividend further strengthens McEwen's balance sheet as the company looks to fund planned production growth through internally generated cash.
McEwen has a goal of doubling production to 250,000 to 300,000 gold equivalent ounces by 2030. The company's gold and silver mines are located in prolific mineral-rich regions, including the Cortez Trend in Nevada, USA; the Timmins district of Ontario; Flin Flon in Manitoba; and the Deseado Massif in Santa Cruz province, Argentina. McEwen is also reactivating its gold-silver El Gallo Mine in Mexico.
McEwen holds a 46.3% interest in McEwen Copper, which owns the Los Azules copper development project in San Juan province, Argentina. According to the last financing for McEwen Copper, the implied value of McEwen's ownership interest is US$456 million (US$7.67 per share). The Los Azules copper project is designed to be one of the world's first regenerative copper mines and carbon neutral by 2038. Its Feasibility Study results were announced in a press release dated October 7, 2025.
Additionally, McEwen recently purchased 27.3% of Paragon Advanced Labs Inc., a newly listed public company deploying PhotonAssay units worldwide. The company believes this technology is poised to become the new industry standard for assaying precious and base metals, with Paragon aiming to be one of the leading service providers.
Chairman and Chief Owner Rob McEwen has invested over US$250 million personally and takes a salary of $1 per year, aligning his interests with shareholders. He is a recipient of the Order of Canada, a member of the Canadian Mining Hall of Fame, and a winner of the EY Entrepreneur of the Year (Energy) award. His objective is to build MUX's profitability, share value, and ultimately implement a dividend policy, as he did while building Goldcorp Inc.
For more information on McEwen Inc., visit the company's newsroom at https://ibn.fm/MUX.
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