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McEwen Mining Inc (MUX)
:MUX
Earnings Data
Report Date
May 07, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-0.12Last Year’s EPS
-0.41Same Quarter Last Year
Strong Buy
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 18, 2025
|% Change Since: 4.52%
|Next Earnings Date:May 07, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mix of positive developments, such as increased selling prices, successful exploration, and significant value growth at Los Azules, contrasted by challenges like net losses due to high expenditures, increased debt, and permitting delays.Company Guidance
In the McEwen Mining Fourth Quarter and Year End 2024 conference call, the company reported a 12% decrease in consolidated production to 135,884 gold equivalent ounces compared to 2023, but benefited from a 24% increase in the selling price of their production. This led to an adjusted EBITDA that was 3.8 times higher than the previous year, reaching $29.2 million or $0.57 per share. However, the company posted a net loss of $43.7 million due to significant investments in the Los Azules project and exploration expenditures, despite their mines being profitable. The Los Azules project, valued at $984 million based on recent financing, is anticipated to move towards a feasibility study completion by June 2025, potentially leading to an IPO. The Fox Complex's exploration efforts increased resources, allowing for a planned production increase to 60,000 ounces by 2027, with potential further expansion. The company also increased its debt to $130 million via a capped call convertible debenture, achieving a 100% premium over market price, and currently holds approximately $62 million in cash.Increased Selling Price and EBITDA
Despite a 12% decrease in production, the selling price of output increased by 24%, leading to an adjusted EBITDA that was 3.8 times higher than the previous year, reaching $29.2 million.
Significant Value Increase of Los Azules
The value of Los Azules increased from $175 million to an implied value of $984 million, with McEwen Mining holding a 46% interest, equating to $457 million in value.
Exploration Success at Fox Complex
Exploration at the Fox Complex increased indicated and inferred resources to over 2 million ounces, allowing plans to double production by 2027.
Positive Developments at Los Azules
Los Azules achieved safety excellence with 1.5 million hours without lost time incidents and received an environmental impact statement for future mine construction.
Dividend from San Jose Mine
The San Jose Mine, operated by Hochschild Mining, is expected to pay a dividend shortly, a positive change after years without dividends.
Strong Cash Position
McEwen Mining increased its cash position to approximately $62 million, supporting increased production efforts.
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MUX Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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MUX Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 18, 2025 | $7.53 | $7.86 | +4.38% |
| Nov 06, 2024 | $9.09 | $9.27 | +1.98% |
| Aug 08, 2024 | $8.19 | $8.34 | +1.83% |
| May 09, 2024 | $10.32 | $10.28 | -0.39% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does McEwen Mining Inc (MUX) report earnings?
McEwen Mining Inc (MUX) is schdueled to report earning on May 07, 2025, TBA Not Confirmed.
What is McEwen Mining Inc (MUX) earnings time?
McEwen Mining Inc (MUX) earnings time is at May 07, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is MUX EPS forecast?
MUX EPS forecast for the fiscal quarter 2025 (Q1) is -0.12.
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