McEwen Mining 2024: net loss $43.7M, Fox Complex misses guidance; issues $110M notes

McEwen Inc.

Revenue $174.5M, net loss $43.7M ($0.86/sh); adjusted EBITDA $29.2M ($0.57/sh).
Fox Complex produced 30,151 GEOs (25% below guidance); 2025 guidance 30k-35k GEOs.
Issued $110M 5.25% convertible notes due 2030; net proceeds $90.8M; retired $20M senior debt.
Gold Bar produced 44,581 GEOs in-line; 2025 guidance 40k-45k GEOs.
Consolidated 2024 GEOs 135,884; 2025 guidance 120k-140k GEOs; exploration budgets set.

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