McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) Q1 2025 Results and Fox Complex Expansion FAQ

What are McEwen Mining’s production targets for the Fox Complex?

McEwen Mining targets 60,000 ounces of annual gold production by 2027 at its Fox Complex, with a potential expansion to 150,000 ounces by 2030, pending permits. Total annual output could rise to 225,000–255,000 gold equivalent ounces.

How did McEwen Mining perform financially in Q1 2025?

In Q1 2025, McEwen Mining reported a gross profit of $10.1 million, up from $6.0 million in Q1 2024, driven by a 31% increase in average realized gold prices. The net loss narrowed to $3.9 million from $20.4 million a year ago.

What financing has McEwen Mining secured to support its growth plans?

McEwen Mining completed a $110 million convertible note financing to back its growth plans, including the expansion of the Fox Complex and other projects.

What is the expected consolidated production for McEwen Mining in 2025?

McEwen Mining expects its consolidated production to meet the 2025 guidance of 120,000–140,000 gold equivalent ounces (GEOs), with Q1 production totaling 24,131 GEOs and improvements expected throughout the year.

What other projects is McEwen Mining currently progressing?

McEwen Mining is making progress at its Gold Bar, San José, and Grey Fox projects. Additionally, the company expects to publish a feasibility study on the Los Azules copper project in July.

Who is the chair and chief owner of McEwen Mining, and what is their investment in the company?

Rob McEwen is the chair and chief owner of McEwen Mining, with a personal investment in the company of $220 million and takes an annual salary of $1.

Where can I find more information about McEwen Mining and its projects?

More information about McEwen Mining and its projects can be found on the company’s website at www.McEwenMining.com and in the company’s newsroom at https://ibn.fm/MUX.

What is the significance of the Los Azules copper project?

The Los Azules copper project is a large, advanced-stage project in Argentina, owned approximately 47.7% by McEwen Mining through McEwen Copper. A feasibility study on the project is expected to be published in July, indicating its potential importance to the company’s portfolio.