McEwen Mining Q1 net loss narrows to $6.3M; production down 27% YoY; $110M convertible notes issued

McEwen Inc.

2025-Q1 EPS reported -$0.12 revenue$35,696,000

Net loss $6.3M ($0.12/sh) vs $20.4M ($0.41) in Q1 2024; gross profit $10.1M (+68%) on 31% higher gold price.
Consolidated production 24,131 GEOs (down 27% YoY); reaffirms 2025 guidance 120,000-140,000 GEOs.
Issued $110M 5.25% convertible notes due 2030; cash increased to $68.5M from $17.5M; total debt $130M.
Fox Complex targets 60,000 oz/yr gold by 2027; Grey Fox resource up 32% Indicated; drill results announced.
McEwen Copper feasibility study for Los Azules due July 2025; RIGI application submitted; exploration ongoing.

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