---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-047845"
form_type: "8-K"
ticker: "MUX"
cik: "0000314203"
company_name: "McEwen Inc."
filed_at: "2025-05-13T23:59:59+00:00"
generated_at: "2026-05-21T19:12:42.349190+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-25-047845
- form_type: 8-K
- ticker: MUX
- cik: 0000314203
- company_name: McEwen Inc.
- filed_at: 2025-05-13T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/314203/000110465925047845/0001104659-25-047845-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/314203/000110465925047845/tm2514850d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-047845
- JSON: https://secwatch.observer/filing/0001104659-25-047845.json
- Plain text: https://secwatch.observer/filing/0001104659-25-047845.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.