Reported 1 day ago
McEwen Inc. (NYSE:MUX) has turned around from a $13 million loss in Q2 2024 to a net income of $3 million in Q2 2025, with a gross profit of $12.3 million on a 26% margin. Revenue reached $46.7 million, bolstered by 14,549 GEOs and an average gold price of $3,298 per GEO. The company successfully increased its cash reserves and working capital significantly. Consolidated output was 27,554 GEOs, and the firm maintains its annual production guidance of 120,000-140,000 GEOs by 2030.
Source: YAHOO