McEwen Inc.

For the period ended Mar 31, 2025. Filed May 7, 2025.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2025 · Filed May 7, 2025

MUX$16.23+4.8%Stored close · as of Nov 9, 2026

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Contents

Item 1. Financial Statements

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS**(UNAUDITED)**

(in thousands of U.S. dollars, except per share)


	Three months ended March 31,
· 2025 · · 2024
Revenue from gold and silver sales		$35,696	$41,228
Production costs applicable to sales		(19,605)	(25,110)
Depreciation and depletion		(6,021)	(10,107)
Gross profit		10,070	6,011

OTHER OPERATING EXPENSES:
Advanced projects		(1,684)	(2,454)
Exploration		(3,681)	(3,871)
General and administrative		(3,369)	(4,073)
Loss from investment in McEwen Copper Inc. (Note 9)		(8,578)	(18,012)
Income from investment in Minera Santa Cruz S.A. (Note 9)		510	1,278
Depreciation		(150)	(171)
Reclamation and remediation (Note 11)		(758)	(690)
		(17,710)	(27,993)
Operating loss		(7,640)	(21,982)

OTHER INCOME (EXPENSE):
Interest and other finance expenses, net		(1,286)	(870)
Other income (expense) (Note 3)		1,577	(88)
Total other income (expense)		291	(958)
Loss before income and mining taxes		(7,349)	(22,940)
Income and mining tax recovery (Note 17)		1,079	2,557
Net loss after income and mining taxes		$(6,270)	$(20,383)

Net loss per share (Note 13):
Basic and diluted		$(0.12)	$(0.41)
Weighted average common shares outstanding (thousands) (Note 13):
Basic and diluted		53,270	49,440

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.