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McEwen Inc.'s Director Ian J Ball Sells 2,656 Shares at $10.49/Share.
ByAinvest
Thursday, Aug 14, 2025 6:09 pm ET1min read
McEwen Inc. [MUX] has announced that Director Ian J. Ball has recently sold 2656 shares at a price of $10.49 per share on August 12, 2025.
McEwen Inc. [MUX] has reported its second quarter (Q2) and half-year (H1) results for the period ended June 30, 2025, showcasing notable improvements in profitability and cash flow. The company's CEO, Rob McEwen, highlighted the positive impact of higher gold prices on the company's financial performance. Gross profit increased to $12.3M from $10.8M in Q2 2024, representing a gross margin of 26%. Net income improved to $3.0M or $0.06 per share, compared to a net loss of $13.0M or $0.26 per share in Q2 2024. Adjusted EBITDA also showed significant growth, increasing to $17.3M or $0.32 per share from $7.2M or $0.15 per share in Q2 2024 [1].Additionally, McEwen Inc. has recently announced that Director Ian J. Ball sold 2656 shares at a price of $10.49 per share on August 12, 2025. This sale follows a period of strong financial performance and strategic developments, including the acquisition of Canadian Gold Corp. and the advancement of the Los Azules copper project in Argentina. The company's liquidity position has also strengthened, with cash and equivalents increasing to $53.6M from $13.7M at June 30, 2024, and working capital improving to $61.8M from negative $6.5M at December 31, 2024 [1].
McEwen Inc. continues to focus on operational growth and cost optimization. The company's production guidance for the full year 2025 remains at 120,000–140,000 GEOs, with projected increases in H2 2025 expected to drive costs per GEO lower. The company's exploration programs and development projects are progressing as planned, with significant investments in the Los Azules copper project and the Grey Fox mine in Nevada [1].
Overall, McEwen Inc. [MUX] has demonstrated strong financial performance and strategic progress in Q2 2025, positioning the company for continued growth and success in the mining sector.
References:
[1] https://br.advfn.com/noticias/GLOBE/2025/artigo/96584034
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