---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-029694"
form_type: "8-K"
ticker: "MUX"
cik: "0000314203"
company_name: "McEwen Inc."
filed_at: "2024-03-01T23:59:59+00:00"
generated_at: "2026-06-05T05:49:18.843505+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# McEwen Mining 2023 net income $1.15/sh vs loss; production misses guidance

## Summary
- Net income $54.7M ($1.15/diluted) vs 2022 net loss $81.1M ($1.71 loss); $224M gain from deconsolidation of McEwen Copper.
- Consolidated production 133,300 GEOs vs guidance 150,000-170,000; cash costs & AISC above guidance at all mines.
- Q4 2023 net income $137.9M ($2.88/sh) vs Q4 2022 net loss $37.4M ($0.79 loss).
- 2024 guidance: owned mines 80,000-85,000 GEOs; San Jose (49%) 50,000-60,000 GEOs with AISC $1,500-$1,700/GEO.
- McEwen Copper now 47.7% owned; implied value $800M; Stellantis owns 19.4%, Nuton (Rio Tinto) 14.5%.

## SEC filing metadata
- accession: 0001104659-24-029694
- form_type: 8-K
- ticker: MUX
- cik: 0000314203
- company_name: McEwen Inc.
- filed_at: 2024-03-01T23:59:59+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/314203/000110465924029694/0001104659-24-029694-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/314203/000110465924029694/tm247723d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-029694
- JSON: https://secwatch.observer/filing/0001104659-24-029694.json
- Plain text: https://secwatch.observer/filing/0001104659-24-029694.txt

## Key facts
- Earnings Releases
  McEwen Inc. reported full year 2023 results: net income $54.7 million, EPS $1.15 per share. Guidance initiated.
  - Period: full year 2023
  - Net income: $54.7 million
  - EPS: $1.15 per share
  - Guidance: initiated
  - Result: reported results
  source text: Net income for the year was $54.7 million or $1.15 per share versus a 2022 net loss of $81.1 million or $1.71 per share
  evidence_url: https://www.sec.gov/Archives/edgar/data/314203/000110465924029694/0001104659-24-029694-index.htm

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