McEwen Inc. Reports Q2 2025 Profit of $3 Million, Reversing Previous Year's Loss
TL;DR
McEwen Mining Inc. turns a $3 million profit in Q2 2025, a significant improvement from a $13 million loss in Q2 2024, leveraging higher gold prices and better margins.
McEwen Mining Inc. reported Q2 2025 revenue of $46.7 million from 14,549 gold equivalent ounces sold, with adjusted EBITDA rising to $17.3 million.
McEwen Mining Inc. is advancing towards carbon neutrality by 2038 with its Los Azules copper project, aiming to be one of the world's first regenerative copper mines.
Rob McEwen, investing $205 million personally and taking a $1 salary, aims to replicate his Goldcorp success with McEwen Mining Inc., focusing on shareholder value and dividends.
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McEwen Inc. reported a substantial financial improvement in its second-quarter 2025 results, posting net income of $3 million or $0.06 per share compared to a $13 million loss during the same period last year. This reversal demonstrates the company's strengthened position in the commodities market, primarily driven by favorable gold pricing and enhanced operational efficiency. The results highlight McEwen's ability to capitalize on market conditions despite ongoing volatility in the mining sector.
The company generated $46.7 million in revenue from the sale of 14,549 gold equivalent ounces, contributing to adjusted EBITDA of $17.3 million. While production decreased year-over-year, management has reaffirmed full-year guidance projecting 120,000 to 140,000 GEOs. The company anticipates lower unit costs in the second half of the year, which could further improve profitability and operational margins. This financial stability provides McEwen with greater flexibility to pursue strategic growth initiatives.
Key development projects form the foundation of McEwen's growth strategy, including its 46.4% stake in McEwen Copper and the upcoming Los Azules Feasibility Study expected by late Q3 2025. The Los Azules copper project represents a significant advancement in sustainable mining, positioned to become one of the world's first regenerative copper mines with an ambitious carbon neutrality target by 2038. These projects, along with seven near-term catalysts identified through 2026, underscore the company's commitment to expanding its presence across gold, copper, and silver sectors throughout the Americas.
Leadership under Rob McEwen, Chairman and Chief Owner, has been instrumental in the company's strategic direction. His personal investment of US$205 million and symbolic $1 annual compensation demonstrate strong alignment with shareholder interests. McEwen's vision focuses on building sustainable shareholder value with eventual dividend distribution, reflecting his successful approach during his tenure at Goldcorp Inc. For additional information about McEwen Inc.'s financial performance and development projects, visit https://ibn.fm/1u4yV.
Curated from InvestorBrandNetwork (IBN)
