McEwen 2025 Q2 Earnings Strong Performance as Net Income Surges 123.4%

McEwen Mining Inc. (MUX) reported its fiscal 2025 Q2 earnings on August 6, 2025. The company significantly outperformed expectations, returning to profitability with a net income of $3.04 million compared to a $12.99 million loss in the same period last year. Management raised its outlook for production and cost efficiency, reflecting confidence in the company’s strategic initiatives.

Revenue
McEwen reported total revenue of $46.70 million in the second quarter of 2025, representing a 1.6% decline from $47.48 million in the same period a year ago. The company derived its revenue entirely from gold and silver sales during the quarter, with no additional contributions from other segments.

Earnings/Net Income
The company’s financial performance marked a dramatic turnaround, with earnings per share (EPS) rising to $0.06 from a loss of $0.26 per share in 2024 Q2—representing a 123.1% increase. Net income surged by 123.4% to $3.04 million, compared to a $12.99 million loss in the prior-year period. This strong performance highlights the effectiveness of cost control and operational improvements.

Price Action
McEwen’s stock has shown mixed performance recently. Shares rose 1.03% on the latest trading day and gained 5.79% over the past full trading week. However, the stock has declined 5.27% month-to-date, reflecting broader market volatility and investor caution ahead of earnings releases.

Post-Earnings Price Action Review
The strategy of purchasing McEwen shares following a quarterly revenue increase and holding for 30 days has delivered exceptional returns over the past three years. This approach yielded a 350.25% return, vastly outperforming the 48.58% benchmark. With a CAGR of 68.10%, the strategy demonstrated consistent growth, despite a maximum drawdown of 0.00% and a Sharpe ratio of 1.13, indicating a balanced risk-return profile.

CEO Commentary
McEwen Mining CEO Rob McEwen praised the company’s strong performance in 2024, driven by higher gold production and favorable prices. He emphasized strategic investments in key projects such as Los Azules and the Fox Complex. While acknowledging near-term cost pressures and operational challenges at the Fox Complex—including a stope failure and workforce constraints—McEwen expressed optimism about future production expansion and long-term value creation.

Guidance
For 2025, McEwen expects consolidated gold equivalent ounce (GEO) production to range between 120,000 and 140,000. Production at the Fox Complex is projected to reach 30,000 to 35,000 GEOs, Gold Bar to produce 40,000 to 45,000 GEOs, and San José to reach 50,000 to 60,000 GEOs. Cash costs per GEO sold are expected to range between $1,500 and $1,700 for Gold Bar, $1,600 and $1,800 for Fox Complex, and $1,600 and $1,800 for San José, with a focus on improving cost efficiency as production scales.

Additional News
McEwen Mining announced a conference call to discuss its Q2 2025 financial results, scheduled for August 7, 2025 at 11:00 AM EDT. The call will feature management discussing key financial outcomes and project developments, followed by a question-and-answer session. Dial-in details and a webcast link were provided for participants. The company also reiterated its commitment to building shareholder value through its gold, copper, and silver operations in the Americas.