secwatch.observer — SEC 8-K summary
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Issuer:     McEwen Inc. (MUX)
CIK:        0000314203
Form:       8-K
Filed at:   2025-03-24T23:59:59+00:00
Accession:  0001104659-25-027270
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/314203/000110465925027270/0001104659-25-027270-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/314203/000110465925027270/tm2510100d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-027270

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