McEwen Inc. announced its Q3 and 9M results for 2025, revealing plans to double production by 2030, lower costs, and extend mine life. The company aims for 250,000 to 300,000 GEOs Consolidated Annual Production by 2030. The Fox Complex is expected to contribute 50% of the goal, with Stock Mine starting production by mid-2026, resulting in lower costs.

El Gallo in Mexico targets mid-2027 for Phase 1 production, operating a ball mill at 3,200 tpd to lower initial capital costs. McEwen projects a 10-year mine life for Phase 1, producing up to 20,000 GEOs annually. Grey Fox is set to release an Updated Resource Estimate in Q4 2025 and a Pre-feasibility Study in H1 2026.

McEwen acquired Canadian Gold Corp’s Tartan mine, expecting to finalize the acquisition in January 2026. Los Azules detailed engineering set to start for construction in early 2027. A feasibility study showed an expected 21-year mine life, extendable by 30 years. McEwen Copper aims for environmental sustainability and carbon neutrality by 2038.

Q3 2025 saw a 3% decrease in revenue to $50.5M due to lower GEOs sold. Adjusted EBITDA increased by 12% to $11.8M. McEwen’s liquidity improved, with cash and equivalents at $51.2M. Working capital increased to $62.6M, and debt principal outstanding rose to $130.0M. The recent financing of McEwen Copper implies significant market value.

McEwen’s Gold Bar Mine Complex in Nevada saw lower than expected production of 8,191 GEOs in Q3. Costs per GEO sold were $2,540 cash costs and $2,852 AISC. The company revised its annual production guidance range to 32,000 to 35,000 GEOs. Exploration at Windfall and Lookout Mountain shows promising results for resource updates in H1 2026.

Read more at GlobeNewswire: Q3 2025 Operational & Financial Results and Progress Report