McEwen Inc. reported a substantial financial turnaround in its second-quarter 2025 results, posting a net income of $3 million or $0.06 per share compared to a $13 million loss during the same period last year. This dramatic improvement reflects the company's strengthened position in the commodities market, driven primarily by stronger gold prices and enhanced operational margins. The positive results demonstrate McEwen's ability to navigate market volatility while maintaining strategic focus on long-term growth objectives across its portfolio of mining assets throughout the Americas.
The company's adjusted EBITDA showed significant improvement, reaching $17.3 million generated from $46.7 million in revenue through the sale of 14,549 gold equivalent ounces. Despite experiencing a year-over-year production decrease, McEwen Inc. has confidently reaffirmed its full-year guidance projecting production between 120,000 and 140,000 GEOs. The company anticipates lower unit costs during the latter half of the year, further strengthening its financial position and operational efficiency. This outlook suggests continued momentum as McEwen implements cost optimization strategies across its operations.
Critical to McEwen's future expansion are its development projects, particularly its 46.4% stake in McEwen Copper and the upcoming Los Azules Feasibility Study expected by late third quarter 2025. The company has identified seven near-term catalysts extending through 2026, highlighting its commitment to growth in gold, copper, and silver sectors. The Los Azules copper project represents a groundbreaking initiative in sustainable mining, positioned to become one of the world's first regenerative copper mines with an ambitious target of achieving carbon neutrality by 2038. Additional information about these developments can be found at https://ibn.fm/1u4yV.
Leadership under Rob McEwen, Chairman and Chief Owner, has been instrumental in the company's strategic direction. McEwen has personally invested US$205 million in the company and receives only $1 in annual compensation, forgoing traditional executive salary structures. His vision focuses on building sustainable shareholder value with eventual plans to establish a dividend program, drawing from his successful experience at Goldcorp Inc. This leadership approach, combined with the company's improving financial performance and strategic project pipeline, positions McEwen Inc. for continued growth in the evolving mining sector while addressing increasing demand for responsibly sourced metals.
