McEwen Mining Earnings Reports

McEwen Mining Inc. released its Q3 2024 financial and operational results, showing significant improvements in revenue and operating profitability. These improvements were driven by higher gold prices and strong production. McEwen Copper raised $56 million to fund the ongoing development of its Los Azules copper project in Argentina.

McEwen Mining reported its second quarter results, highlighting it was the most profitable quarter since 2016, driven by increased revenue and higher gold prices. The company reported a net loss due to expenses related to McEwen Copper's Los Azules project.

McEwen Mining Inc. reported a Q4 2023 net income of $137.9 million, or $2.88 per share, compared to a net loss of $37.4 million, or $0.79 per share for Q4 2022. The company is advancing projects at the Fox Complex and Fenix, and McEwen Copper is driving towards a Feasibility Study in Q1 2025.

McEwen Mining Inc. reports its results for the third quarter (Q3) and nine months ended September 30th, 2023.

McEwen Mining reported a net loss for Q2 2023, with decreased production impacting financial results. The company faced lower grades and operational challenges at certain mines, contributing to the overall performance. However, progress was made in advancing key projects and exploration activities.

McEwen Mining reported a consolidated net loss of $43.1 million, primarily due to $31.9 million spent on exploration at the Los Azules project. However, the company's gross profit improved to $4.4 million, driven by increased productivity at the Fox Complex and Gold Bar mine operations. The company completed financing transactions for McEwen Copper, increasing its market value.

McEwen Mining's Q4 2022 results reflect a transition year with increased gold production at the Fox operation and advancements at the McEwen Copper subsidiary, including investments from Nuton and Stellantis. Production at Gold Bar was impacted by carbonaceous ore, while San José mine production decreased due to COVID-19 and mill availability issues.

McEwen Mining reported its Q3 2022 results, showing a net loss of $10.5 million, or $0.21 per share. Production was 26,200 gold ounces and 852,200 silver ounces, or 35,700 gold equivalent ounces. The company is focused on improving operations and advancing its projects, including McEwen Copper's Los Azules project.

McEwen Mining reported its Q2 2022 results, with production at Fox reaching its highest quarterly level since Q3 2018. Gold Bar's production remained below expectations, while San José recovered from Q1 issues. McEwen Copper advanced the Los Azules project, closing a $15 million private placement tranche.

McEwen Mining reported its first quarter results, highlighting production and cost results across its Fox Complex, Gold Bar Mine, and San José Mine. The company is progressing with exploration and development projects, including the Los Azules copper deposit. However, operations were affected by COVID-19-related employee absences and equipment failures.

McEwen Mining Inc. reported fourth quarter and full year results for the period ended December 31, 2021. Production increased at Fox Complex, Gold Bar, and San José mines. Activities at Los Azules ramped up with the opening of the seasonal exploration road and the start of construction of a new all-year access road.

McEwen Mining Inc. reported its Q3 results for the period ended September 30th, 2021. Production increased across multiple mines, and exploration activities progressed at key projects, including Los Azules.

McEwen Mining reported its second quarter results, highlighting production and cost information for its various mines, including Gold Bar, Fox Complex, San José, and El Gallo. The company also discussed the progress of the Los Azules Copper project and the formation of a subsidiary, McEwen Copper, to advance the project.

McEwen Mining Inc. reported its first quarter results for the period ended March 31st, 2021. The company's operations include San Jose Mine, Gold Bar Mine, Fox Complex, El Gallo Project, and Los Azules Copper Project.

McEwen Mining's Q4 2020 production was lower compared to Q4 2019, with 30,100 GEOs produced versus 46,300 GEOs. The company is focusing on improving operations and investing in exploration and business systems for future growth.

McEwen Mining reported their Q3 2020 results, with the chairman noting improvements in operations, alleviation of financial pressure, and brighter future growth prospects. The company is focused on improving operating efficiencies and profit margins, expecting better operating results and exploration news in the coming quarters.

McEwen Mining reported a challenging second quarter due to operational and health and safety issues, resulting in lower production and increased costs per ounce. However, the company's path to future growth and improved operational performance has become clearer, with a focus on organic growth projects.

McEwen Mining Inc. reported its first quarter results for the period ended March 31, 2020. Operations were impacted by the COVID-19 pandemic, leading to temporary suspensions at several mines. An impairment charge of $83.8 million was recorded due to a reduction in contained ounces at the Gold Pick deposit.

McEwen Mining Inc. reported their fourth quarter and full year results for the period ended December 31, 2019. The company's operations include San Jose Mine, Black Fox Mine, Gold Bar Mine and El Gallo Project.