McEwen Mining posts Q2 net loss of $21.6M; Fox Complex record throughput, Gold Bar challenges

McEwen Inc.

2023-Q2 EPS reported -$1.36 revenue$69,147,000

Net loss $21.6M ($0.46/shr) vs $12.5M ($0.26/shr) in Q2 2022; adjusted net loss $13.0M ($0.27/shr).
Consolidated production 35,625 GEOs in Q2; 2023 guidance reaffirmed at 150,000-170,000 GEOs.
Fox Complex achieved record mill throughput 1,250 tpd, generating $6.0M cash gross profit.
Repaid $25M of debt (39%), reducing annual interest by $2.2M; total debt now $40M.
Los Azules PEA: NPV8% $2.659B, IRR 21.2%, payback 3.2 yrs; McEwen Copper implied value $285M.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

McEwen Inc. reported financial results for second quarter (Q2) and half year (H1) results for the period ended June 30, 2023.

Period: second quarter (Q2) and half year (H1) results for the period ended June 30, 2023
Result: reported results

Exact text from the filing

McEwen Mining Inc. (the “Company”) issued a press release summarizing its second quarter and half year results for the period ended June 30, 2023

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Source: SEC EDGAR

accession 0001104659-23-089912

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