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McEwen Inc. (NYSE: MUX) notes $49.4M dividend from Argentine mine JV

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
8-K/A

Rhea-AI Filing Summary

McEwen Inc. filed an amended current report to clarify the source of a recently disclosed dividend. The company confirmed that the dividend was received directly from its 49.0% owned equity investee Minera Santa Cruz S.A. (MSC), rather than indirectly through another investee as originally stated.

McEwen reported receiving a $49.4 million dividend on May 21, 2026 related to its 49.0% ownership in MSC, funded by operations of the producing San José silver-gold mine in Santa Cruz, Argentina. This payment brought total dividends received from MSC in 2026 for this mine’s operations to $58.2 million. A related press release with additional details is furnished as an exhibit.

Positive

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Insights

Amendment clarifies dividend source; sizable JV cash inflow highlighted.

McEwen Inc. corrected its disclosure to state that the dividend was paid directly by Minera Santa Cruz S.A., its 49.0% owned equity investee. This removes ambiguity about the cash flow path while leaving all other prior disclosures essentially unchanged.

The filing reiterates a $49.4 million dividend tied to the San José silver-gold mine in Argentina, lifting total 2026 dividends from this operation to $58.2 million. That underlines meaningful cash generation from the joint venture, though the amendment itself is largely administrative.

The attached press release, dated May 21, 2026, contains further operational context and forward-looking commentary. Subsequent company filings may offer additional detail on how recurring dividends from MSC contribute to broader capital allocation and project funding.

Item 8.01 Other Events Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Dividend received $49.4 million Dividend from Minera Santa Cruz S.A. on May 21, 2026
Total 2026 dividends from MSC $58.2 million Dividends in respect of San José mine operations in 2026
Ownership interest in MSC 49.0% Equity interest in Minera Santa Cruz S.A.
Form type Form 8-K/A (Amendment No. 1) Amendment to clarify dividend source disclosure
Mine referenced San José silver-gold mine Producing mine in Santa Cruz, Argentina generating dividend funds
equity investee financial
"clarify that the discussed dividend was received directly from its 49.0% owned equity investee, Minera Santa Cruz S.A."
forward-looking statements regulatory
"the press release contains certain forward-looking statements and information, including "forward-looking statements" within the meaning"
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.
Risk Factors regulatory
"See the Company’s Annual Report on Form 10-K ... under the caption "Risk Factors", for additional information"
Risk factors are elements or conditions that could cause an investment's value to decrease or lead to potential losses. They are like warning signs or obstacles that can affect the success of an investment, making it uncertain or more unpredictable. Recognizing risk factors helps investors understand the possible challenges and make more informed decisions.
emerging growth company regulatory
"Emerging growth company"
An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.
San José silver-gold mine technical
"generated from the operation of the producing San José silver-gold mine in Santa Cruz, Argentina"
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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K/A

(Amendment No. 1)

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported):        May 21, 2026  

 

McEWEN INC.

(Exact name of registrant as specified in its charter)

 

Colorado   001-33190   84-0796160
(State or other jurisdiction
of incorporation)
  (Commission
File Number)
  (IRS Employer
Identification No.)

 

150 King Street West, Suite 2800

Toronto, Ontario, Canada

M5H 1J9
(Address of principal executive offices) (Zip Code)

 

Registrant’s telephone number including area code:       (866) 441-0690

 

 

(Former name or former address, if changed since last report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

¨  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class   Trading Symbol(s)   Name of each exchange on which registered
Common Stock   MUX   New York Stock Exchange

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company ¨

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

 

 

 

 

 

EXPLANATORY NOTE

 

This Amendment No. 1 to the Current Report on Form 8-K of McEwen Inc. (the “Company”), filed with the Securities and Exchange Commission on May 22, 2026 (the “Original Filing”), is being filed solely to clarify that the discussed dividend was received directly from its 49.0% owned equity investee, Minera Santa Cruz S.A. (“MSC”), as described in detail in the press release attached to the Original Filing, rather than indirectly through another of the Company’s equity investees as inadvertently disclosed on the face of the Original Filing. No other changes have been made to the Original Filing other than minor conforming and immaterial other changes necessary to prepare this amendment.

 

Item 8.01 Other Events.

 

On May 21, 2026, McEwen, Inc. (the "Company") issued a press release announcing that it received a $49.4 million dividend in respect of its 49.0% ownership interest in Minera Santa Cruz S.A. (“MSC”), the funds for which were generated from the operation of the producing San José silver-gold mine in Santa Cruz, Argentina. This dividend increased total dividends received by the Company from MSC in respect of this mine’s operations in 2026 to $58.2 million. A copy of the press release is filed with this report as Exhibit 99.1. Investors and other interested parties are encouraged to read in its entirety the press release because it contains important information not otherwise described herein.

 

Item 9.01    Financial Statements and Exhibits.

 

(d)     Exhibits. The following exhibits are furnished or filed with this report, as applicable:

 

Exhibit No.   Description
99.1*   Press Release
104   Cover Page Interactive Data File – the cover page XBRL tags are embedded within the Inline XBRL document

 

 

* Previously filed

 

Cautionary Statement

 

With the exception of historical matters, the press release contains certain forward-looking statements and information, including "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. The forward-looking statements and information expressed, as of the date of the press release, are estimates, forecasts, projections, expectations, or beliefs as to future events and results. Forward-looking statements and information are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are inherently subject to significant business, economic, and competitive uncertainties, risks, and contingencies, and there can be no assurance that such statements and information will prove to be accurate. Therefore, actual results and future events could differ materially from those anticipated in such statements and information. Risks and uncertainties that could cause results or future events to differ materially from current expectations expressed or implied by the forward-looking statements and information include, but are not limited to, fluctuations in the market price of precious and base metals, mining industry risks, political, economic, social and security risks associated with foreign operations, the ability of the Company to receive or receive in a timely manner permits or other approvals required in connection with operations, risks associated with the construction of mining operations and commencement of production and the projected costs thereof, risks related to litigation, the state of the capital markets, environmental risks and hazards, uncertainty as to calculation of mineral resources and reserves, foreign exchange volatility, foreign exchange controls, foreign currency risk, and other risks. Readers should not place undue reliance on forward-looking statements or information included in the press release, which speak only as of the date thereof. The Company undertakes no obligation to reissue or update forward-looking statements or information as a result of new information or events after the date hereof except as may be required by law. See the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2025, and other filings with the Securities and Exchange Commission, under the caption "Risk Factors", for additional information on risks, uncertainties and other factors relating to the forward-looking statements and information regarding the Company. All forward-looking statements and information made in the press release are qualified by this cautionary statement.

 

 

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

  McEWEN INC.
   
Date: June 1, 2026 By: /s/ Carmen Diges
    Carmen Diges, General Counsel

 

 

 

FAQ

What did McEwen Inc. (MUX) change in this Form 8-K/A amendment?

McEwen Inc. clarified that the discussed dividend was received directly from its 49.0% owned equity investee Minera Santa Cruz S.A. (MSC), not indirectly through another investee. No other substantive changes were made beyond minor conforming and immaterial edits required to prepare the amendment.

How much dividend income did McEwen Inc. (MUX) receive from MSC?

McEwen Inc. reported receiving a $49.4 million dividend from Minera Santa Cruz S.A. related to its 49.0% ownership interest. This payment increased total dividends received from MSC in 2026 for the San José mine’s operations to $58.2 million, underscoring significant cash flow from that joint venture.

Which asset generated the recent dividend for McEwen Inc. (MUX)?

The dividend came from operations of the producing San José silver-gold mine in Santa Cruz, Argentina, held through Minera Santa Cruz S.A. McEwen Inc. owns 49.0% of MSC and received the $49.4 million dividend in respect of this interest, contributing to $58.2 million total 2026 dividends.

What is McEwen Inc.’s (MUX) ownership interest in Minera Santa Cruz S.A.?

McEwen Inc. holds a 49.0% ownership interest in Minera Santa Cruz S.A., which owns the producing San José silver-gold mine. The company’s 49.0% stake entitled it to the $49.4 million dividend and total 2026 dividends of $58.2 million from this mine’s operations so far.

Does the McEwen Inc. (MUX) filing include forward-looking statements?

Yes. The filing notes that the related press release contains forward-looking statements and information, based on estimates and assumptions subject to significant risks. It highlights factors such as metal price fluctuations, political and operating risks, permitting, construction risks, litigation, and foreign exchange volatility.

Where can investors find more details on McEwen Inc. (MUX) dividend disclosure?

Additional information is provided in the press release filed as Exhibit 99.1 to the report. The company encourages investors and interested parties to read the press release in its entirety, as it contains important details about the dividend and related operational context not fully described in the brief report text.

Filing Exhibits & Attachments

3 documents