McEwen (NYSE: MUX) (TSX: MUX) reported Q2 2025 net income of $3 million, or $0.06 per share, compared to a $13 million loss in Q2 2024, supported by stronger gold prices and improved margins. Adjusted EBITDA rose to $17.3 million on $46.7 million in revenue from 14,549 gold equivalent ounces (GEOs) sold. While production fell year-over-year, the Company maintained its full-year guidance of 120,000–140,000 GEOs and anticipates lower unit costs in H2. McEwen also noted progress on development projects, including its 46.4% stake in McEwen Copper and the Los Azules Feasibility Study, expected in late Q3 2025, as well as seven near-term catalysts through 2026.
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About McEwen Inc.
McEwen provides its shareholders with exposure to gold, copper and silver in the Americas through three operating mines located in the USA, Canada and Argentina , as well as its large, advanced-stage copper development project in Argentina. The Company also owns a gold and silver mine currently on care and maintenance in Mexico. Its Los Azules copper project is designed to become one of the world’s first regenerative copper mines, with a commitment to achieving carbon neutrality by 2038.
Rob McEwen, Chairman and Chief Owner, has personally invested US$205 million in the companies and takes a salary of $1/ year. He is a recipient of the Order of Canada and a member of the Canadian Mining Hall of Fame. His objective is to build shareholder value and establish a dividend, as he did while building Goldcorp Inc. McEwen’s shares are publicly traded on the New York Stock Exchange (NYSE) and the Toronto Stock Exchange (TSX) under the symbol “MUX”.
NOTE TO INVESTORS: The latest news and updates relating to MUX are available in the company’s newsroom at https://ibn.fm/MUX
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