Northwire Canada EditionMonday, July 27, 2026
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B 0.150 +0.0% IFOS 2.28 −2.6% IMM 0.060 +0.0% ROCK 3.38 −1.7% NVX 0.250 −7.4% HAR 0.050 +0.0% YGT 0.175 +0.0% GEN 0.070 −nan% CRB 0.040 +14.3% MSA 7.07 +2.2% AEM 204.81 +0.7% OPW 0.105 +5.0% GRL 0.275 −1.8% AIS 0.150 +0.0% CUU 0.580 −1.7% SOMA 0.720 +5.9% B 0.150 +0.0% IFOS 2.28 −2.6% IMM 0.060 +0.0% ROCK 3.38 −1.7% NVX 0.250 −7.4% HAR 0.050 +0.0% YGT 0.175 +0.0% GEN 0.070 −nan% CRB 0.040 +14.3% MSA 7.07 +2.2% AEM 204.81 +0.7% OPW 0.105 +5.0% GRL 0.275 −1.8% AIS 0.150 +0.0% CUU 0.580 −1.7% SOMA 0.720 +5.9%
Earnings

Q3 2025 Operational & Financial Results and Progress Report on Key Developments to Double Production by 2030

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By The Northwire Desk — AI Analysis Nov 06, 2025 · 11:14 MUX · 24.41 McEwen Inc.
Executive Summary

McEwen Inc. reported its Q3 2025 financial and operational results, which revealed significant operational shortcomings. Consolidated production was 29,662 gold equivalent ounces (GEOs), resulting in a net loss of $0.5 million, or $0.01 per share. All-in sustaining costs (AISC) were extraordinarily high at the company's 100%-owned operations: $2,852 per GEO at the Gold Bar Mine and $2,352 per GEO at the Fox Complex.

Consequently, the company has lowered its full-year 2025 production guidance from 120,000-140,000 GEOs to a new range of 112,000-123,000 GEOs. Furthermore, cost guidance for the Gold Bar mine was substantially increased, with AISC now projected to be between $2,400 and $2,500 per GEO for the full year. CEO Rob McEwen acknowledged "operational challenges" and stated that "decisive corrective measures" are being implemented, with positive results expected in the fourth quarter. The release also included previously announced positive drill results from the Fox Complex and updates on development timelines for its project pipeline.

Material Impact

This is a materially negative release that confirms the operational struggles foreshadowed in the first half of the year.

MUX · Price
Company Overview

McEwen Inc. is a precious and base metals company with producing gold and silver mines in Nevada (Gold Bar), Ontario (Fox Complex), and a 49% interest in the San José mine in Argentina. The company's strategy is focused on aggressive exploration to grow resources and production, with a stated goal to double GEO production by 2030.

The company's flagship project is the Los Azules copper deposit in Argentina, held within its 46.4%-owned subsidiary, McEwen Copper. The October 2025 Feasibility Study outlined a world-class project with an after-tax NPV8 of $2.9 billion and a 21-year mine life, positioning it as the main long-term value driver for the company. In the near-term, growth is expected from the development of the Stock and Grey Fox projects within the Fox Complex.

Read the original news release →

More from McEwen Inc.

Jul 22, 2026 · 12:12

McEwen’s Grey Fox PFS extends mine life to 2041 amid Argentine exposure and execution risks.

Resource Estimate Jul 15, 2026 · 06:15

McEwen’s Grey Fox PFS extends Fox Complex mine life to 2041 with a $429m pre-tax NPV and 31% IRR at $3,000/oz Au.

Drill Results Jun 17, 2026 · 06:30

McEwen advances a multi-asset growth strategy featuring a generational copper option alongside its high-grade gold production operations.

Drill Results Jun 08, 2026 · 06:00

McEwen’s Grey Fox PFS extends mine life by 15 years, delivering a $429 million NPV and a blueprint for 250-300 koz/yr production.

Technical Study May 27, 2026 · 07:27

McEwen Mining Cash Flow Beat Validates Growth Strategy While Los Azules Financing Looms

Drill Results May 21, 2026 · 06:00

San José dividend windfall reinforces McEwen’s cash‑self‑funding model but doesn’t alter the central thesis.

Production / Operations