secwatch.observer — SEC 8-K summary
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Issuer:     McEwen Inc. (MUX)
CIK:        0000314203
Form:       8-K
Filed at:   2023-05-09T23:59:59+00:00
Accession:  0001104659-23-057823
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/314203/000110465923057823/0001104659-23-057823-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/314203/000110465923057823/tm2315041d2_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-057823

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