---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-057823"
form_type: "8-K"
ticker: "MUX"
cik: "0000314203"
company_name: "McEwen Inc."
filed_at: "2023-05-09T23:59:59+00:00"
generated_at: "2026-06-15T10:36:03.127376+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# McEwen Mining Q1 net loss $43.1M; adjusted loss narrows to $6.4M; production up 21%

## Summary
- Consolidated net loss $43.1M ($0.91/share) vs $20.7M loss in Q1 2022; adjusted net loss $6.4M ($0.14/share) vs $13.1M loss.
- Gross profit $4.4M vs gross loss $6.0M; cash gross profit $11.3M vs cash gross loss $2.3M in prior year.
- Production 30,400 GEOs (+21% YoY); 2023 guidance maintained at 150,000-170,000 GEOs.
- McEwen Copper value increased to $550M (100%) from $257M; received $47.5M from secondary sale; cash $190.8M.
- Exploration expensed $31.9M at Los Azules; total debt $65M; plan to repay $25M to Sprott.

## SEC filing metadata
- accession: 0001104659-23-057823
- form_type: 8-K
- ticker: MUX
- cik: 0000314203
- company_name: McEwen Inc.
- filed_at: 2023-05-09T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/314203/000110465923057823/0001104659-23-057823-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/314203/000110465923057823/tm2315041d2_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-057823
- JSON: https://secwatch.observer/filing/0001104659-23-057823.json
- Plain text: https://secwatch.observer/filing/0001104659-23-057823.txt

## Key facts
- Earnings Releases
  McEwen Inc. reported first quarter (Q1) results for the period ended March 31st, 2023 results: net income cash gross profit was $11.3 million.
  - Period: first quarter (Q1) results for the period ended March 31st, 2023
  - Net income: cash gross profit was $11.3 million
  - Result: reported results
  source text: We reported a consolidated net loss of $43.1 million , or $0.91 per share in Q1, compared to a net loss of $20.7 million, or $0.45 per share in Q1 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/314203/000110465923057823/0001104659-23-057823-index.htm
- Earnings Releases
  McEwen Inc. reported first quarter (Q1) results for the period ended March 31st, 2023 results: net income cash gross profit was $11.3 million.
  - Period: first quarter (Q1) results for the period ended March 31st, 2023
  - Net income: cash gross profit was $11.3 million
  - Result: reported results
  source text: Adjusted net loss (1) was $6.4 million , or $0.14 per share in Q1, compared to an adjusted net loss of $13.1 million, or $0.28 per share in Q1 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/314203/000110465923057823/0001104659-23-057823-index.htm
- Earnings Releases
  McEwen Inc. reported first quarter (Q1) results for the period ended March 31st, 2023 results: net income cash gross profit was $11.3 million.
  - Period: first quarter (Q1) results for the period ended March 31st, 2023
  - Net income: cash gross profit was $11.3 million
  - Result: reported results
  source text: Our gross profit in Q1 was $4.4 million and our cash gross profit (1) was $11.3 million , compared to a gross loss of $6.0 million and cash gross loss of $2.3 million in Q1 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/314203/000110465923057823/0001104659-23-057823-index.htm
- Earnings Releases
  McEwen Inc. updated its for 2023 guidance (reaffirmed).
  - Period: for 2023
  - Guidance: reaffirmed
  - Result: guidance update
  source text: Production guidance remains 150,000-170,000 GEOs for 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/314203/000110465923057823/0001104659-23-057823-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.