SGX:S61 News 21 January 2026

January 21, 2026, 9:51 AM EST. McEwen (MUX) shares jumped 7.3% to close at $24.49, boosted by heavy trading volume and a 23% year-over-year increase in Indicated gold resources at Grey Fox, totaling 1.9 million ounces. The company expects quarterly earnings of $0.24 per share, up 260% from last year, and revenues of $67.5 million, doubling year-over-year. Despite positive earnings and revenue forecasts, consensus EPS estimates have remained unchanged recently, which may temper sustained price gains. McEwen currently holds a Zacks Rank #2 (Buy). Peers like Ivanhoe Electric (IE) also edged up, while maintaining a Zacks Rank #3 (Hold). Investors are watching closely to see if McEwen's recent surge leads to further upside.