McEwen Mining Reports Q3 Loss and 14% Revenue Decline as Gold Production Falls - Yahoo Finance

AI desk brief

McEwen Mining reported Q3 2026 gold-equivalent production of 22,852 ounces, down 23% year-on-year, while revenue fell 14% to $43.6 million and its loss reached $0.60 per share. Operational problems at Gold Bar, development costs at Fox and snowfall at San José weighed on results despite higher realised gold prices. Gold Bar’s October all-in sustaining costs fell to $2,873/oz from $3,520/oz in Q3; management believes improvements can continue, subject to execution. Full-year guidance remains 109,000–120,000 gold-equivalent ounces, with AISC of $2,500–$2,750/oz. The update primarily affects McEwen’s outlook; a material bullion-price effect is not established.