Northwire Canada EditionWednesday, July 15, 2026
Sign inSubscribe
Northwire
⌕
SGQ 0.400 +5.3% GMX 1.87 −1.6% ALM 0.310 +0.0% WCU 0.010 +0.0% NTH 0.155 −6.1% GGM 0.035 +0.0% FG 0.035 +0.0% EFR 17.76 −4.5% IVN 10.51 −2.5% MASS 0.090 +0.0% LIF 26.57 −2.3% CPAU 0.155 +0.0% PTX 0.105 −4.5% VENT 0.160 +0.0% ANK 0.278 −4.3% ODV 3.38 +0.3% SGQ 0.400 +5.3% GMX 1.87 −1.6% ALM 0.310 +0.0% WCU 0.010 +0.0% NTH 0.155 −6.1% GGM 0.035 +0.0% FG 0.035 +0.0% EFR 17.76 −4.5% IVN 10.51 −2.5% MASS 0.090 +0.0% LIF 26.57 −2.3% CPAU 0.155 +0.0% PTX 0.105 −4.5% VENT 0.160 +0.0% ANK 0.278 −4.3% ODV 3.38 +0.3%
Technical Study Material +

Q4 and Full Year 2025 Operational and Financial Results: Q4 Net Income of $38.1M ($0.70 per Share) vs. Net Loss of $8.2M ($0.16 per Share) in Q4 2024; Advancing Key Developments to Double Production by 2030

McEwen Swings to Profit as Los Azules Feasibility and Production Growth Targets De-risk 2030 Vision

By The Northwire Desk — AI Analysis Mar 12, 2026 · 06:00 MUX · 33.85 McEwen Inc.
Executive Summary

The most recent news (March 12, 2026) reports Q4 and Full Year 2025 financial and operational results. McEwen Inc. achieved a significant financial turnaround, reporting Q4 net income of $38.1 million ($0.70/share) compared to a net loss of $8.2 million in Q4 2024. Full-year 2025 net income reached $34.4 million. Revenue for Q4 increased 28% to $64.6 million. Key project milestones include the completion of a Feasibility Study for the Los Azules copper project (46.3% interest), showing an after-tax NPV (8%) of $2.9 billion and an IRR of 19.8%. The company reiterated its goal to double production to 250,000–300,000 Gold Equivalent Ounces (GEOs) by 2030.

Material Impact

The impact is Material - Positive. This release marks a critical inflection point for the company: - Financial Turnaround: Moving from a $43.7M loss in 2024 to a $34.4M profit in 2025 validates the operational "corrective measures" mentioned in Q3 2025. - Los Azules De-risking: The Feasibility Study provides a bankable document for the $3.17 billion initial capital requirement. The project's inclusion in Argentina's RIGI incentive program provides 30 years of fiscal stability. - Production Visibility: The transition from the depleting Froome mine to the Stock mine (mid-2026) and the integration of the newly acquired Tartan Mine and Golden Lake properties provide a clear path to the 2030 production targets. - Balance Sheet Strength: Ending the year with $51M in cash and a market value for the McEwen Copper stake of nearly $1 billion provides a significant valuation floor.

MUX · Price
Company Overview

McEwen Inc. is a gold and silver producer with operations in Nevada (Gold Bar), Ontario (Fox Complex), and Argentina (San José). Its flagship development asset is the Los Azules copper project in San Juan, Argentina, held through a 46.3% interest in McEwen Copper. Los Azules is one of the world's largest undeveloped copper deposits, designed to be a regenerative, carbon-neutral mine producing 205 ktpa of copper cathodes in its first five years.

Read the original news release →

More from McEwen Inc.

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 May 14, 2026 · 16:00

McEwen Copper locks in a heavyweight debt advisor for Los Azules, but the real test – a firm financing package – still lies ahead.

Financings