McEwen Mining reports FY2022 net loss $81.1M; 2023 GEO guidance 150k-170k; McEwen Copper valued at $550M

McEwen Inc.

FY2022 consolidated net loss $81.1M ($1.71/sh) vs net loss $56.7M ($0.12/sh) in 2021.
2022 GEO production 133,300, slightly below revised guidance; 2023 guidance raised to 150,000-170,000 GEOs.
Full-year cash cost per GEO $1,276, down 12% YoY; AISC $1,688, up 3% YoY.
McEwen Copper: Stellantis and Nuton each own 14.2%; McEwen Mining retains 52%; implied valuation ~$550M.
Proceeds from secondary sales to reduce debt by 38% and fund production growth.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

McEwen Inc. reported fourth quarter and full year ended December 31, 2022 results: net income Our consolidated net loss in 2022 of $81.1 million , or $1.71 per share. Guidance reaffirmed.

Period: fourth quarter and full year ended December 31, 2022
Net income: Our consolidated net loss in 2022 of $81.1 million , or $1.71 per share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) today reported fourth quarter and full year results for the period ended December 31, 2022.

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Source: SEC EDGAR

accession 0001104659-23-032350

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