McEwen Mining reports Q1 EPS (7c) vs. (41c) last year

Net loss for Q1 was $3.9M, or (7c) per share, compared to a net loss of $20.4M, or (41c) per share in Q1 2024. “The improvement was driven by a reduction of attributable expenditures by McEwen Copper, from a loss of $18.0 million in Q1/24 down to $8.6 million in Q1/25, as well as higher gross profit from our gold operations,” the company stated. Q1 consolidated production was 24,131 GEOs, including 10,924 attributable GEOs from the San Jose mine, compared to 33,037 GEOs produced in Q1/24 which included 12,934 attributable GEOs from the San Jose mine. “Our annual plans include higher production across our operations through the remainder of the year, and we remain on track to deliver the 2025 production guidance of 120,000 to 140,000 GEOs,” the company stated.