McEwen Mining Q3 net loss $18.5M ($0.39/sh); production guidance at lower end; costs above outlook

McEwen Inc.

2023-Q3 EPS reported -$1.75 revenue$107,551,000

Q3 net loss $18.5M ($0.39/sh) vs loss $10.5M ($0.21/sh) in Q3/22; adjusted net loss $4.2M vs adjusted net income $6.4M.
Consolidated Q3 production 38,500 GEOs (+8% YoY); 9M 104,400 GEOs; FY guidance reaffirmed at lower end of 150k-170k GEOs.
Gold Bar mine cash costs $1,529/GEO, AISC $2,160/GEO; expects full-year costs 10-15% above guidance due to weather and labor.
McEwen Copper closed financings with Stellantis and Nuton raising ARS$42B and $10M at $26/sh, implying $800M valuation; MUX ownership now 47.7%.
Cash and equivalents $49.1M ($47.5M for Los Azules); working capital $72.3M; expects to deconsolidate McEwen Copper from Q4 onward.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.