---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-098399"
form_type: "8-K"
ticker: "MUX"
cik: "0000314203"
company_name: "McEwen Inc."
filed_at: "2025-10-09T23:59:59+00:00"
generated_at: "2026-05-17T04:15:36.608587+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Los Azules FS shows $2.9B NPV, 19.8% IRR, initial capex $3.17B

## Summary
- After-tax NPV(8%) $2.9B, IRR 19.8%, payback 3.9 yrs; initial capital $3.17B at $4.35/lb Cu.
- Avg Yr 1-5 cathode production 204.8 kt/yr; LOM 148.2 kt/yr over 21 years.
- C1 cash cost $1.71/lb, AISC $2.11/lb; capital intensity $1,600/t Cu LOM.
- EIA approved Dec 2024; accepted into RIGI Sep 2025 (30-yr tax/currency stability).
- 72% lower carbon intensity than industry avg; 100% renewable power; no tailings dam; carbon-neutral by 2038.

## SEC filing metadata
- accession: 0001104659-25-098399
- form_type: 8-K
- ticker: MUX
- cik: 0000314203
- company_name: McEwen Inc.
- filed_at: 2025-10-09T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/314203/000110465925098399/0001104659-25-098399-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/314203/000110465925098399/tm2528426d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-098399
- JSON: https://secwatch.observer/filing/0001104659-25-098399.json
- Plain text: https://secwatch.observer/filing/0001104659-25-098399.txt

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