Curated News
By: NewsRamp Editorial Staff
August 07, 2025
McEwen Mining Reports Q2 2025 Profit Amid Strong Gold Prices
TLDR
- 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.
Impact - Why it Matters
This news is crucial for investors and stakeholders in the mining sector, as it highlights McEwen Mining's financial recovery and strategic advancements in sustainable mining. The company's focus on regenerative projects and carbon neutrality reflects the growing importance of environmental responsibility in the industry, potentially setting a benchmark for future operations. Additionally, the maintained production guidance and anticipated cost reductions signal operational efficiency, offering insights into the company's resilience and growth potential in fluctuating market conditions.
Summary
McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) has reported a significant turnaround in its financial performance for Q2 2025, with a net income of $3 million, or $0.06 per share, a stark contrast to the $13 million loss recorded in the same quarter the previous year. This improvement is attributed to stronger gold prices and enhanced operational margins. Despite a year-over-year decrease in production, the company remains optimistic, maintaining its full-year guidance of producing 120,000–140,000 gold equivalent ounces (GEOs) and anticipating lower unit costs in the latter half of the year. McEwen also highlighted advancements in its development projects, including its significant stake in McEwen Copper and the upcoming Los Azules Feasibility Study, expected by late Q3 2025, alongside seven near-term catalysts through 2026.
McEwen Inc. operates mines in the USA, Canada, and Argentina, focusing on gold, copper, and silver. Its ambitious Los Azules copper project aims to be among the world's first regenerative copper mines, targeting carbon neutrality by 2038. Under the leadership of Rob McEwen, who has personally invested $205 million in the company, McEwen is committed to building shareholder value and establishing a dividend, drawing on McEwen's successful track record with Goldcorp Inc.
For more details, visit the full press release or explore the company's newsroom at https://ibn.fm/MUX.
Source Statement
This curated news summary relied on content disributed by InvestorBrandNetwork (IBN). Read the original source here, McEwen Mining Reports Q2 2025 Profit Amid Strong Gold Prices
