secwatch.observer — SEC 8-K summary
======================================

Issuer:     McEwen Inc. (MUX)
CIK:        0000314203
Form:       8-K
Filed at:   2024-03-01T23:59:59+00:00
Accession:  0001104659-24-029694
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/314203/000110465924029694/0001104659-24-029694-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/314203/000110465924029694/tm247723d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-029694

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer