11 Best Silver Mining Stocks to Buy According to Hedge Funds

7. McEwen Inc. (NYSE:MUX) 

Number of Hedge Fund Holders: 22

Market Cap as of August 31: $624.93 million

McEwen Inc. (NYSE:MUX) reversed a $13.0 million loss in Q2 2024 with a Q2 2025 net income of $3.0 million. Gross profit climbed to $12.3 million on a 26% margin, while adjusted EBITDA increased from $7.2 million to $17.3 million. Revenue reached $46.7 million from 14,549 GEOs, with an average realized gold price of $3,298 per GEO. Cash and equivalents climbed to $53.6 million, with working capital at $61.8 million, up from -$6.5 million at the end of 2024.

Consolidated output, including the 49%-owned San José Mine, was 27,554 GEOs, with expenses per GEO of $1,906 cash and $2,120 AISC, slightly higher than Q2 2024. Production increases during H2 2025 are expected to reduce unit costs. McEwen Inc. (NYSE:MUX)’s subsidiary McEwen Copper spent $7.0 million on the Los Azules Feasibility Study, which will capture future development expenditures, and $5.4 million on exploration throughout Grey Fox, Gold Bar, Lookout Mountain, and Windfall. The Froome West and Stock mining ramp developments are advanced by Fox Complex. There were no lost-time events, showing continued high safety. The full-year guidance, which supports the firm’s objective to increase gold and silver production by 2030, is reiterated at 120,000-140,000 GEOs. It is one of the Best Silver Mining Stocks.