McEwen Inc. (NYSE: MUX) (TSX: MUX) has reported a net income of $3 million, or $0.06 per share, for the second quarter of 2025, a notable improvement from a $13 million loss in the same period the previous year. This turnaround was attributed to stronger gold prices and improved operational margins. The company's adjusted EBITDA rose to $17.3 million, supported by $46.7 million in revenue from the sale of 14,549 gold equivalent ounces (GEOs). Despite a year-over-year decrease in production, McEwen has reaffirmed its full-year guidance of 120,000–140,000 GEOs and anticipates lower unit costs in the second half of the year.
Key to McEwen's future growth are its development projects, including a 46.4% stake in McEwen Copper and the upcoming Los Azules Feasibility Study, expected by late Q3 2025. The company has identified seven near-term catalysts through 2026 that could further enhance its value proposition. The Los Azules copper project, in particular, is poised to become one of the world's first regenerative copper mines, with a commitment to achieving carbon neutrality by 2038. More details on these developments can be found in the company's press release at https://ibn.fm/1u4yV.
Rob McEwen, Chairman and Chief Owner, has personally invested $205 million in the company and takes a symbolic salary of $1 per year, underscoring his commitment to building shareholder value. His vision includes establishing a dividend, mirroring his success with Goldcorp Inc. McEwen's shares are traded on the New York Stock Exchange and the Toronto Stock Exchange under the symbol 'MUX'. For the latest updates on McEwen Inc., investors can visit the company's newsroom at https://ibn.fm/MUX.
