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Mcewen Mining Inc (MUX)
NYSE:MUX
Earnings Data
Report Date
Aug 07, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.1Last Year’s EPS
-0.26Same Quarter Last Year
Strong Buy
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:May 08, 2025
|% Change Since: -8.94%
|Next Earnings Date:Aug 07, 2025
Earnings Call Sentiment|Neutral
The earnings call reflects a mix of positive developments, such as increased liquidity, improved financial metrics, and strategic advances in production capabilities, alongside challenges like high costs at Gold Bar and operational setbacks at the Fox Complex. While the highlights indicate a promising outlook, the presence of significant operational and financial challenges balances the sentiment.Company Guidance
During McEwen Mining's First Quarter 2025 conference call, Rob McEwen highlighted several key metrics reflecting the company's financial and operational performance. The company reported a 68% increase in gross profit to $10.1 million and a 38% rise in adjusted EBITDA to $8.7 million compared to Q1 2024. Cash and cash equivalents grew significantly to $68.5 million from $17.5 million, while consolidated working capital improved to $61 million from a negative $6.5 million. Despite a rise in total debt to $130 million from $40 million, the cost of servicing this debt decreased to 6% from 9.75%. The Gold Bar mine exceeded production expectations by 10% and reported a cash cost of $1,146 per ounce, 24% below the low end of guidance. However, its all-in sustaining cost reached $2,200 per ounce due to strategic decisions aimed at long-term cost reductions. The company's Fox Complex experienced operational challenges with higher-than-budgeted costs, but improvements are anticipated for the remainder of the year. Additionally, McEwen Mining's 49% interest in the San José mine resulted in a $2.2 million dividend, with expectations for further dividends throughout 2025.Increased Liquidity and Financial Instruments
The company increased its liquidity using a capped call convertible note, reducing potential share dilution by setting a conversion price at a 100% premium to the share price at the time of the transaction.
Fox Complex and Production Projections
Development of the Fox Complex is expected to increase consolidated annual production by over 80% by 2030, reaching 225,000 to 255,000 ounces.
Gold Bar Production and Cost Efficiency
Gold Bar produced 10% more gold than budgeted at a cash cost 24% below the low end of the annual guidance.
Improved Financial Metrics
Gross profit increased by 68% to $10.1 million, adjusted EBITDA rose by 38% to $8.7 million, cash and cash equivalents grew to $68.5 million from $17.5 million, and consolidated working capital improved to $61 million from a negative $6.5 million.
Permit for Stock Mine Expansion
Received a permit to construct a ramp to the underground at the Stock mine, a key element in plans for the Stock complex expansion.
San José Mine Dividend
The company's 49% interest in the San José mine paid a $2.2 million dividend during the quarter, with expectations of more dividends during the year.
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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 |
|---|---|---|---|
May 08, 2025 | $7.83 | $7.39 | -5.62% |
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% |
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 Aug 07, 2025, TBA Not Confirmed.
What is Mcewen Mining Inc (MUX) earnings time?
Mcewen Mining Inc (MUX) earnings time is at Aug 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 (Q2) is 0.1.
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