McEwen Inc (STU:US8)
€ 9.85 +0.050 (+0.51%) Market Cap: 535.82 Mil Enterprise Value: 577.80 Mil PE Ratio: 0 PB Ratio: 1.31 GF Score: 57/100
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Q1 2025 McEwen Mining Inc Earnings Call Transcript

May 8, 2025 / 03:00 PM GMT
Release Date Price: €6.6 (-2.22%)

Key Points

Positve
  • McEwen Mining Inc (MUX) has increased its liquidity through a cap call convertible note, reducing potential share dilution.
  • The company expects a significant increase in consolidated annual production by 2030, potentially reaching 225,000 to 255,000 ounces, an over 80% increase from current levels.
  • Goldbar produced 10% more gold than budgeted at a cash cost 24% below the low end of annual guidance.
  • The company reported a 68% increase in gross profit and a 38% increase in adjusted EBITDA compared to Q1 2024.
  • Exploration activities at the Fox Complex and Gold Bar are yielding positive results, with promising growth in resources at Gray Fox.
Negative
  • The Fox Complex experienced operational challenges with lower than budgeted production and higher costs per ounce.
  • Goldbar's all-in sustaining cost per ounce was approximately $2,200, significantly higher due to accelerated stripping costs.
  • McEwen Copper's treasury is below $10 million, indicating a need for additional financing to complete the feasibility study.
  • The company's total debt increased to $130 million from $40 million, raising concerns about financial leverage.
  • The Argentine peso's strength negatively impacts reported US dollar cash costs at the San Jose mine.


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

MUX.N - McEwen Mining Inc
Q1 2025 McEwen Mining Inc Earnings Call
May 08, 2025 / 03:00PM GMT

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Presentation
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Unidentified_1 [1]
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Welcome to McEwen Mining's first 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 Ng, Chief Financial Officer, Jeff Chan, Vice President Finance, Stefan Spears, Vice President Corporate Development, Michael Metting, Vice President and general manager of McEwen Copper, and Carmen Diaz, general counsel and secretary. After the speaker's presentation, there will be a question and answer session. If you'd 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 withdraw your question, again press one.

I will now turn the call over
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