McEwen Inc. Reports Strong Q2 2025 Financial Turnaround with $3 Million Net Income

McEwen Inc. reported a substantial financial turnaround in its second-quarter 2025 results, achieving a net income of $3 million or $0.06 per share, marking a dramatic improvement from the $13 million loss recorded during the same period last year. This positive performance demonstrates the company's strengthened position in the commodities market, primarily driven by favorable gold prices and enhanced operational efficiencies. The significant reversal from loss to profitability highlights McEwen's ability to capitalize on market conditions while maintaining disciplined cost management across its operations.

The company's adjusted EBITDA showed remarkable growth, reaching $17.3 million generated from $46.7 million in revenue through the sale of 14,549 gold equivalent ounces. Despite experiencing a year-over-year production decrease, McEwen Inc. has maintained confidence in its full-year outlook by reaffirming production guidance of 120,000 to 140,000 GEOs. The company anticipates further operational improvements in the second half of 2025, with expectations of lower unit costs that should contribute to sustained financial performance and margin expansion.

McEwen's growth strategy centers on strategic development projects, including its 46.4% stake in McEwen Copper and the upcoming Los Azules Feasibility Study scheduled for completion by late Q3 2025. The company has identified seven near-term catalysts extending through 2026 that support its expansion ambitions in gold, copper, and silver mining across the Americas. The Los Azules copper project represents a particularly significant initiative, positioned to become one of the world's first regenerative copper mines with an ambitious target of achieving carbon neutrality by 2038, reflecting the company's commitment to sustainable mining practices.

Leadership under Rob McEwen, Chairman and Chief Owner, has been instrumental in the company's strategic direction, with his personal investment of US$205 million and symbolic $1 annual compensation demonstrating strong alignment with shareholder interests. His vision focuses on building long-term shareholder value with eventual plans to establish a dividend program, drawing from his successful experience at Goldcorp Inc. The company's improved financial position and strategic project pipeline suggest continued momentum in the evolving commodities landscape. Additional information about McEwen Inc.'s performance and developments is available at https://ibn.fm/1u4yV.