Earnings summaries and quarterly performance for McEwen.
Executive leadership at McEwen.
Robert McEwen
Chief Executive Officer
Carmen Diges
General Counsel and Secretary
Ian Ball
Vice-Chairman
Jeffrey Chan
Vice President, Finance
Perry Ing
Interim Chief Financial Officer
Stefan Spears
Vice President, Corporate Development
William Shaver
Interim Chief Operating Officer
Board of directors at McEwen.
Research analysts who have asked questions during McEwen earnings calls.
Chris White
Ventures
3 questions for MUX
Jacob Sekelsky
Alliance Global Partners
3 questions for MUX
Heiko Ihle
H.C. Wainwright & Co.
2 questions for MUX
Joseph Reagor
ROTH Capital Partners
2 questions for MUX
Michael Kozak
Cantor Fitzgerald
2 questions for MUX
Mike Kozak
Cantor Fitzgerald
2 questions for MUX
Craig Huber
Huber Research Partners
1 question for MUX
Dan Kurnos
The Benchmark Company
1 question for MUX
John Tumazos
John Tumazos Very Independent Research
1 question for MUX
Pat Scholl
Barrington Research
1 question for MUX
Steven Cahall
Wells Fargo & Company
1 question for MUX
Recent press releases and 8-K filings for MUX.
- Goliath Resources Limited announced high-grade gold assay results from its 2025 drill program at the Surebet Discovery, with drill hole GD-25-383 intersecting 7.28 g/t Au over 8.00 meters within an Eocene-aged Reduced Intrusion Related Gold (RIRG) dyke.
- The Bonanza Zone has been expanded to 1.25 km along its east-west orientation and 580 meters to the northwest, while the Surebet Zone extends for 1.2 km in a southwest-northeast direction, with both remaining open for expansion.
- The 2025 drill campaign completed 64,364 meters of drilling, with 76% (83 of 110) of holes containing visible gold, and assays for 70 holes are still pending.
- The Surebet Discovery is identified as an extensive 1.8 km² high-grade gold system with strong potential to be a significant discovery in British Columbia's Golden Triangle.
- 100% of drill holes completed to date on the Surebet Discovery have intersected substantial quartz-sulphide mineralization, with 76% (83 out of 110) of holes drilled in 2025 and 92% (355 out of 386) of all holes drilled to date containing visible gold to the naked eye (VG-NE).
- The Surebet Discovery demonstrates potential as an important grassroots high-grade gold discovery, with widespread drill holes representing over 600 pierce points across an area of 1.8 km2.
- Assays are pending for 84 holes from this year's exploration campaign, of which 79% (66 holes) contain visible gold to the naked eye.
- The best hole drilled to date, GD-24-260, from the Bonanza Zone, assayed 34.52 g/t AuEq over 39.00 meters, including 132.93 g/t AuEq over 10.00 meters, and 166.04 g/t AuEq over 8.00 meters.
- McEwen Inc. reported a 3% decrease in revenue to $50.5 million from the sale of 14,968 Gold Equivalent Ounces (GEOs) in Q3 2025, with a net loss of $0.5 million or $0.01 per share. Adjusted EBITDA, however, increased 12% to $11.8 million or $0.22 per share.
- The company lowered its full-year 2025 production guidance to 112,000-123,000 GEOs and increased cost guidance for its 100% owned operations, citing operational challenges at its Nevada and Timmins operations.
- McEwen Inc. is advancing projects to double production by 2030 to 250,000-300,000 GEOs annually, with the Stock Mine expected to begin production by mid-2026 and El Gallo Phase 1 targeting mid-2027.
- The McEwen Copper Los Azules project (46.4% owned) achieved significant milestones, including RIGI approval and the completion of its Feasibility Study, which indicates robust project economics with a $2.9 billion NPV(8%) and 19.8% IRR.
- As of September 30, 2025, cash and equivalents increased to $51.2 million and working capital to $62.6 million, while debt principal outstanding rose to $130.0 million.
- McEwen Mining reported a net loss of $0.5 million, or $0.01 per share, and adjusted EBITDA of $11.8 million, or $0.22 per share, for Q3 2025, ending the quarter with $51 million in cash.
- The Los Azules copper project was accepted into Argentina's Large-Scale Investment Incentive Program (REGI) on September 26th and published a feasibility study on October 7th, showing a $2.9 billion after-tax NPV (8%) and 19.8% after-tax IRR. Construction is targeted for late 2026/early 2027, with an IPO expected in 2026.
- The acquisition of Canadian Gold Corp is set to close in January 2026, with an updated resource estimate and preliminary economic assessment (PEA) expected in Q4 2026.
- Operational challenges at the FROOM mine and Gold Bar impacted Q3 2025 production, but the company anticipates the FROOM West deposit to produce at guidance rates into 2026 and the Stock deposit to begin production in the first half of 2026.
- The company aims to achieve 250,000-300,000 gold-equivalent ounces of annual production by 2030 and have the Los Azules copper mine operational by the same year.
- McEwen Inc. (MUX) will host a conference call on Thursday, November 6, 2025, at 11:00 AM EST to discuss its Q3 2025 financial results and project developments.
- The company provides exposure to gold and silver production in the USA, Canada, and Argentina, and is considering reactivating a mine in Mexico.
- McEwen holds a 46.4% interest in McEwen Copper, which owns the Los Azules copper development project in Argentina, with an implied value of US$456 million for McEwen's ownership interest.
- The Los Azules copper project is designed to be one of the world's first regenerative copper mines, committed to achieving carbon neutrality by 2038.
- Chairman and Chief Owner Rob McEwen has personally invested over US$200 million and takes an annual salary of $1.
- McEwen Inc. (MUX) has signed agreements to acquire an approximately 31% equity interest in Paragon Geochemical Laboratories Inc., a provider of advanced analytical services to the mining industry.
- The total strategic investment is valued at CDN$15.3 million, payable in McEwen shares, which will make McEwen Paragon's largest shareholder upon completion.
- Paragon is known for deploying PhotonAssay™ technology and plans to expand its current 3 laboratories by constructing 8 additional sites globally over the next two years.
- Ian Ball, Vice-Chairman of McEwen, will join Paragon's board at the time of its listing, and McEwen will have the right to nominate an additional board member.
- Goliath Resources Limited announced additional assay results from its 2025 drill program, with drill hole GD-25-372 intersecting 10.72 g/t Au over 7.83 meters, including 20.37 g/t Au over 4.10 meters at the Surebet Discovery.
- The 2025 drill campaign completed 64,364 meters of systematic drilling with 9 drill rigs, focused on expanding the Surebet Discovery.
- Assays are still pending for 84 holes from this year's drilling, of which 66 (79%) contain visible gold to the naked eye (VG-NE).
- To date, 92% of the 386 holes drilled at Surebet contain VG-NE, demonstrating the continuity and predictability of this expansive gold-rich system over 1.8 km2.
- The company is fully funded for the 2026 drill program.
- McEwen reported encouraging new results from its 2025 drilling program at Windfall, part of the Gold Bar Mine Complex in Nevada, aimed at increasing gold resources, extending mine life, and lowering production costs.
- Significant intersections include 2.43 gpt gold over 74.7 meters of near-surface oxide mineralization (drill hole WF039) and a deeper high-grade zone of 6.10 gpt gold over 6.1 meters (drill hole WF101).
- The Windfall area, which was not included in the previous 2023 resource estimate for the Eureka Property (acquired in 2024), demonstrates mineralization that is near-surface, oxidized, and remains open for further expansion.
- McEwen plans to continue resource-definition and expansion drilling, test lateral and depth extensions of higher-grade zones, and work on publishing an updated resource estimate.
- Inventus Mining Corp. has begun its Phase 2 drill program at the Pardo Gold Project, planning 98 shallow holes totaling approximately 2,500 metres to expand and confirm gold mineralization.
- This drilling program aims to provide data for the project's first mineral resource estimate and support future production permitting.
- A 5,000-tonne 007 North bulk sample from the Pardo Gold Project is scheduled for processing at McEwen Inc.'s Stock Mill on November 1, 2025, to validate grade, recoveries, and near-term cash flow potential.
- McEwen Mining (MUX) presented its diversified portfolio of gold, copper, and silver assets, with Executive Chairman Rob McEwen holding significant ownership stakes (15% in McEwen Mining, 13% in McEwen Copper) and taking a $1 annual salary.
- McEwen Copper, 46% owned by McEwen Inc., announced the results of a feasibility study for its Los Azules copper project, which is backed by strategic partners Stellantis and Rio Tinto.
- The Los Azules project shows robust economics with an after-tax Net Present Value (NPV) of $2.9 billion and an after-tax Internal Rate of Return (IRR) of 19.8%, with initial capital costs estimated at $3.2 billion. First copper production is targeted for 2030.
- McEwen Mining anticipates a 73% increase in organic gold production by 2030. The company currently holds $54 million in cash and has convertible debt.
Quarterly earnings call transcripts for McEwen.
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