secwatch.observer — SEC 8-K summary
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Issuer:     McEwen Inc. (MUX)
CIK:        0000314203
Form:       8-K
Filed at:   2024-08-09T23:59:59+00:00
Accession:  0001104659-24-087781
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

McEwen Mining Q2 net loss $13.0M; Adjusted EBITDA turns positive to $7.2M; Los Azules drilling highlights
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- Net loss $13.0M ($0.26/sh) vs $21.6M loss ($0.46/sh) in Q2 2023; Adjusted EBITDA $7.2M vs negative $5.8M.
- Gold Bar production 12,297 GEOs (+56% YoY) with AISC $1,634/GEO; Fox production 8,297 GEOs (-20%), expects 15-20% below guidance.
- Cash $40.7M, debt $40.0M; 2024 production guidance reaffirmed at 130,000-145,000 GEOs.
- McEwen Copper announces Los Azules infill drilling: 217m @ 1.11% Cu (incl 100m @ 1.32% Cu); FS on track for early 2025.
- Argentina's new RIGI legislation encourages large investments; BHP/Lundin Mining $4.4B copper deal in same province.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/314203/000110465924087781/0001104659-24-087781-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/314203/000110465924087781/tm2421253d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-087781

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