McEwen Receives $49.4 Million Dividend from San José Mine Operations

McEwen Inc. filed a Form 8-K on May 21, 2026, announcing it received a $49.4 million dividend from its 46.3% ownership interest in McEwen Copper Inc., which owns a 49% interest in the San José silver-gold mine in Argentina. This brings total dividends received from the mine in 2026 to $58.2 million, exceeding the company's original full-year expectation of $40-50 million. The dividend was generated from the operating cash flow of the producing San José mine. The company emphasizes that internally generated cash allows for growth without significant share dilution. McEwen also provided updates on its production growth plans, aiming to double production to 250,000-300,000 gold equivalent ounces (GEOs) by 2030 through projects including Stock Mine, Grey Fox, and El Gallo. The filing includes a press release as Exhibit 99.1 containing additional operational details and forward-looking statements.