secwatch.observer — SEC 8-K summary
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Issuer:     McEwen Inc. (MUX)
CIK:        0000314203
Form:       8-K
Filed at:   2023-11-13T23:59:59+00:00
Accession:  0001104659-23-117208
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/314203/000110465923117208/0001104659-23-117208-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/314203/000110465923117208/tm2330367d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-117208

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