McEwen Mining reports Q3 net loss of $10.5M; 35,700 GEOs produced, guidance cut

McEwen Inc.

2022-Q3 EPS reported -$0.91 revenue$82,177,000

Q3 net loss of $10.5M ($0.21 per share); cash costs from 100%-owned mines $1,219/GEO.
Q3 production of 35,700 GEOs, down 17% YoY; 2022 guidance revised to 134,600-141,800 GEOs.
Fox Complex cash cost fell to $774/GEO, lowest since 2018; Gold Bar South first ore expected Q4 2022.
McEwen Copper completed $81.85M financing (Nuton/Rio Tinto); Los Azules PEA update due Q1 2023; IPO planned Q2 2023.
2023 production guidance provided: 150,000-170,000 GEOs.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

McEwen Inc. reported Q3 2022 results: net income net loss in Q3 was $10.5 million, EPS $0.21 per share.

Period: Q3 2022
Net income: net loss in Q3 was $10.5 million
EPS: $0.21 per share
Result: reported results

Exact text from the filing

Our consolidated net loss in Q3 was $10.5 million, or $0.21 per share, which relates primarily to $7.8 million spent on the Los Azules project, and $5 million on exploration and advanced projects at our mines.

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Source: SEC EDGAR

accession 0001104659-22-115516

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