Q3 2025 McEwen Inc Earnings Call Transcript

Nov 6, 2025 / 04:00 PM GMT

Release Date Price: $15.66 (-10.00%)

Transcript 8-K10-Q

Key Points

Positve

McEwen Inc (MUX) is benefiting from stronger metal prices, with gold up 45%, silver up 47%, and copper up 13%.
The company has ambitious growth plans to deliver 250,000 to 300,000 gold equivalent ounces of annual production by 2030.
Los Azules has been accepted into Argentina's Large Scale Investment Incentive Program, providing 30 years of legal, fiscal, and customs stability.
The NI43101 feasibility study for Los Azules confirms robust project economics with a $2.9 billion after-tax NPV at 8% and a 19.8% after-tax IRR.
McEwen Inc (MUX) ended the quarter with a strong cash position of $51 million and $24 million in marketable securities.

Negative

The company reported a net loss of $500,000 or $0.01 per share, including a $4.3 million loss from McEwen Copper.
Q3 production was lower than anticipated due to issues at the Froome mine and unexpected unmineralized material at Gold Bar.
There are permitting delays affecting the production pipeline and development plans.
The timeline for the IPO of Los Azules has been pushed to next year, delaying potential fundraising.
Concerns were raised by shareholders regarding the fairness of the Canadian Gold Corp acquisition terms.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

MUX.N - McEwen Inc
Q3 2025 McEwen Inc Earnings Call
Nov 06, 2025 / 04:00PM GMT

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Presentation
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Unidentified_1 [1]
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Hello, ladies and gentlemen. Welcome to McEwen's 3rd quarter 2025 operating and financial results conference call.

Present from the company today are Rob McEwen, Chairman and chief owner, William Shaver, Chief Operating Officer, Perry Eng, Chief Financial Officer, Jeff Chan, Vice President, finance, Stephen Spears, Vice President, corporate Development, Michael Metting, Vice President and general manager of McEwen Copper. Carmen Diaz, general counsel and secretary. Michael Swiston, President and CEO of Canadian Gold Corp. After the speaker's presentation, there will be a question-and-answer session. If you would like to ask a question during this time, simply press star, followed by the number one on your telephone keypad. If you would like to

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