secwatch.observer — SEC 8-K summary
======================================

Issuer:     McEwen Inc. (MUX)
CIK:        0000314203
Form:       8-K
Filed at:   2025-11-07T23:59:59+00:00
Accession:  0001104659-25-108062
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

McEwen Q3 net loss $0.5M; cuts FY GEO guidance to 112K-123K from 120K-140K
--------------------------------------------------------------------------

- Q3 revenue $50.5M (-3% YoY); net loss $0.5M ($0.01/sh); adj. EBITDA $11.8M.
- Gold Bar mine: FY GEO guide cut to 32K-35K (from 40K-45K); cash costs raised to $2,050-2,150/oz.
- Fox Complex: FY GEO guide cut to 25K-28K (from 30K-35K); cash costs raised to $2,000-2,100/oz.
- Strategic milestones: Los Azules FS published, RIGI approved; Canadian Gold Corp acquisition expected Jan 2026.
- Cash $51.2M; debt $130M (convertible notes $110M); McEwen Copper implied value $456M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/314203/000110465925108062/0001104659-25-108062-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/314203/000110465925108062/tm2530411d2_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-108062

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