McEwen Inc

MUX remains in a Stage 4 decline with confirmed lower highs and lower lows, trading below declining EMAs and facing distribution pressure. The medium-term bias is bearish and short-term conditions—marked by rejections at the 9/21 EMA and persistent downtrend momentum—favor selling. We Sell Now on rallies into the EMA zone.

• ↑Q1 revenue rose 107% YoY to $74.05 M; net income $33.4 M (56¢ EPS)
• ↑Cash balance $57 M; CFO says all 2026 CapEx internally funded; FCF >$200 M projected
• ↓Analyst EPS revisions negative; next-year earnings forecast cut ~43%