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McEwen Inc (NYSE:MUX) is one of the best silver mining stocks to buy. The stock has soared more than 175% over the past 12 months. This surge has come as McEwen Inc (NYSE:MUX) looks to expand its production over the next few years. On April 15, McEwen Inc (NYSE:MUX) and Iconic Minerals announced that they were activating their 2004 agreement to form a joint venture on a gold mining project in Nevada.

It’s a 50-50 joint venture, so the company will fund project expenditures proportionally to their interests. At the heart of this joint venture is a 2,140-hectare property. It’s called the New Pass gold property, and it’s located in Churchill County, Nevada. The property is along a Carlin-type gold trend around three hours east of Reno. The joint venture’s initial program is exploration drilling. The New Pass property has large deposits of gold and silver.

During its Q4 2025 results release on March 12, McEwen said it was looking to boost its output to 250,000 – 300,000 gold-equivalent ounces by 2030 across its operations. Additionally, the company seeks to lower its costs and lengthen the life of its mines.

McEwen had $51 million in cash and equivalents at the end of 2025, compared to $13.7 million at the end of 2024.

McEwen Inc (NYSE:MUX) is a gold and silver producer. The company is headquartered in Toronto, Canada, and has assets in Canada, the US, Argentina, and Mexico. Its portfolio includes production mines and exploration projects, some wholly owned and others shared.

While we acknowledge the potential of MUX as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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