McEwen Inc. Reports Financial Turnaround in Q2 2025, Eyes Future Growth
TL;DR
McEwen Mining Inc. turns a $3 million profit in Q2 2025, a significant improvement from a $13 million loss in Q2 2024, leveraging higher gold prices and better margins.
McEwen Mining Inc. reported Q2 2025 revenue of $46.7 million from 14,549 gold equivalent ounces sold, with adjusted EBITDA rising to $17.3 million.
McEwen Mining Inc. is advancing towards carbon neutrality by 2038 with its Los Azules copper project, aiming to be one of the world's first regenerative copper mines.
Rob McEwen, investing $205 million personally and taking a $1 salary, aims to replicate his Goldcorp success with McEwen Mining Inc., focusing on shareholder value and dividends.
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McEwen Inc. (NYSE: MUX) (TSX: MUX) has demonstrated a remarkable financial turnaround in its second-quarter results for 2025, reporting a net income of $3 million, or $0.06 per share, a significant improvement from the $13 million loss recorded in the same period the previous year. This positive shift is largely due to stronger gold prices and improved operational margins, highlighting the company's ability to navigate the unpredictable commodities market effectively.
The company's adjusted EBITDA also experienced a notable increase, reaching $17.3 million from $46.7 million in revenue, with the sale of 14,549 gold equivalent ounces (GEOs). Despite a slight decrease in production compared to the previous year, McEwen Inc. remains confident in its full-year guidance, expecting to produce between 120,000 to 140,000 GEOs. Furthermore, the company forecasts lower unit costs in the second half of the year, reinforcing its optimistic financial outlook.
McEwen Inc.'s growth strategy is heavily focused on its development projects, including a 46.4% stake in McEwen Copper and the upcoming Los Azules Feasibility Study, slated for completion by late Q3 2025. These projects, along with seven near-term catalysts identified through 2026, demonstrate the company's dedication to expanding its presence in the gold, copper, and silver markets across the Americas. The Los Azules copper project, in particular, is set to pioneer as one of the world's first regenerative copper mines, with an ambitious target of achieving carbon neutrality by 2038.
Under the leadership of Rob McEwen, Chairman and Chief Owner, who has personally invested US$205 million and opts for a symbolic $1 annual salary, McEwen Inc. is steadfast in its mission to enhance shareholder value and eventually introduce a dividend. This vision reflects McEwen's successful track record at Goldcorp Inc. For further information on McEwen Inc.'s recent achievements and financial details, visit https://ibn.fm/1u4yV.
Curated from InvestorBrandNetwork (IBN)
