McEwen Inc. announced its second quarter and half-year results for the period ended June 30, 2025, on August 7, 2025. The company reported improved production across its mines, with Gold Bar producing 10,000 GEOs, Fox Complex producing 7,000 GEOs, and San José contributing 12,000 attributable GEOs in Q2 2025. Consolidated production for Q2 2025 was 29,000 GEOs, bringing the H1 2025 consolidated production to 53,000 GEOs.
The company maintained its full-year 2025 production guidance of 120,000 to 140,000 GEOs. Net income is expected to improve with the upcoming publication of the Los Azules Feasibility Study, as McEwen Copper will then be able to capitalize the majority of its development costs, which were an expense of $15.6 million year-to-date.
Strategic investments in development projects, including the proposed acquisition of Canadian Gold Corp., are positioning the company for operational growth. The recent high-grade discovery at Froome West, announced on July 23, 2025, is expected to extend the mine life, and a pre-feasibility study for Grey Fox is anticipated later this year. The Los Azules feasibility study was expected in July 2025, further advancing this major copper project.
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