---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-089912"
form_type: "8-K"
ticker: "MUX"
cik: "0000314203"
company_name: "McEwen Inc."
filed_at: "2023-08-11T23:59:59+00:00"
generated_at: "2026-06-11T15:47:05.470242+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-23-089912
- form_type: 8-K
- ticker: MUX
- cik: 0000314203
- company_name: McEwen Inc.
- filed_at: 2023-08-11T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/314203/000110465923089912/0001104659-23-089912-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/314203/000110465923089912/tm2323446d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-089912
- JSON: https://secwatch.observer/filing/0001104659-23-089912.json
- Plain text: https://secwatch.observer/filing/0001104659-23-089912.txt

## Key facts
- Earnings Releases
  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
  source text: McEwen Mining Inc. (the “Company”) issued a press release summarizing its second quarter and half year results for the period ended June 30, 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/314203/000110465923089912/0001104659-23-089912-index.htm

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