secwatch.observer — SEC 8-K summary
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Issuer:     McEwen Inc. (MUX)
CIK:        0000314203
Form:       8-K
Filed at:   2023-08-11T23:59:59+00:00
Accession:  0001104659-23-089912
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/314203/000110465923089912/0001104659-23-089912-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/314203/000110465923089912/tm2323446d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-089912

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