McEwen Inc. (NYSE: MUX) (TSX: MUX) has announced a significant turnaround in its financial performance for the second quarter of 2025, reporting a net income of $3 million, or $0.06 per share, a stark contrast to the $13 million loss recorded in the same period the previous year. This improvement was largely attributed to stronger gold prices and enhanced operational margins, showcasing the company's resilience and strategic adaptability in a fluctuating market.
The company's adjusted EBITDA also saw a notable increase, reaching $17.3 million on revenues of $46.7 million, generated from the sale of 14,549 gold equivalent ounces (GEOs). Despite a year-over-year decrease in production, McEwen Inc. has confidently reaffirmed its full-year guidance, projecting the production of 120,000 to 140,000 GEOs. Additionally, the company anticipates lower unit costs in the latter half of the year, further solidifying its financial outlook.
Key to McEwen's optimistic forecast are its development projects, particularly its 46.4% stake in McEwen Copper and the upcoming Los Azules Feasibility Study, expected to be completed by late Q3 2025. These initiatives, along with seven near-term catalysts identified through 2026, underscore the company's commitment to growth and innovation in the mining sector. The Los Azules copper project, in particular, is poised to set a benchmark in the industry, aiming to become one of the world's first regenerative copper mines with a goal of achieving carbon neutrality by 2038.
For investors and stakeholders, McEwen Inc.'s latest financial results and forward-looking statements offer a glimpse into the company's potential for sustained growth and profitability. The strategic focus on gold, copper, and silver mining operations across the Americas, coupled with ambitious environmental goals, positions McEwen as a noteworthy player in the global mining industry. More details on McEwen Inc.'s performance and projects can be found in their full press release at https://ibn.fm/1u4yV.
