McEwen Mining Q3 revenue up 36% to $52.3M, net loss narrows to $2.1M; Fox Complex guidance cut 15-20%

McEwen Inc.

2024-Q3 EPS reported -$0.70 revenue$140,954,000

Revenue $52.3M (+36% YoY); gross profit $13.8M (+268%); net loss improved to $2.1M ($0.04/share) from $18.5M loss.
Operating cash flow turned positive to $23.2M ($0.45/share) from -$2.3M; adj. EBITDA $10.5M (+586%).
Gold Bar production up 43% to 13,640 oz; Fox Complex down 30% to 7,855 oz due to stope failure, sees 15-20% below annual guidance.
McEwen Copper raised $56M at $30/share, post-money valuation $984M; McEwen Mining now 46.4% owner.
Los Azules feasibility study due first half 2025; Timberline Resources acquisition closed in August.

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