McEwen Inc. (NYSE: MUX) (TSX: MUX) reported strong fourth-quarter and full-year 2025 results, highlighting significant net income and adjusted EBITDA as it advances a strategy to increase production to 250,000-300,000 gold equivalent ounces by 2030 while lowering costs and extending mine life. The company said its operating and financial performance positions it to potentially generate $80 million in free cash flow from its wholly owned operations and more than $50 million in dividends from its 49% stake in the San José mine during 2026. McEwen also pointed to progress across key development assets in Canada, the U.S., Mexico and Argentina, including advancement of the Los Azules copper project, which recently secured approval under Argentina’s RIGI investment regime and is supported by a feasibility study outlining a 22-year mine life and strong long-term production potential.
The company’s focus on growth and efficiency is underscored by its commitment to the Los Azules copper project, which is designed to be one of the world’s first regenerative copper mines and carbon neutral by 2038. According to the last financing for McEwen Copper, the implied value of McEwen’s ownership interest is US$456 million. The feasibility study results were announced in the press release dated October 7, 2025. McEwen has a 46.4% interest in McEwen Copper, which owns the large, long-life, advanced-stage Los Azules copper development project in San Juan province, Argentina – a region that hosts some of the country’s largest copper deposits.
Chairman and Chief Owner Rob McEwen has invested over US$200 million personally and takes a salary of $1 per year, aligning his interests with shareholders. He is a recipient of the Order of Canada, a member of the Canadian Mining Hall of Fame and a winner of the EY Entrepreneur of the Year (Energy) award. His objective is to build MUX’s profitability, share value and eventually implement a dividend policy, as he did while building Goldcorp Inc.
McEwen shares trade on both the NYSE and TSX under the ticker MUX. The company provides its shareholders with exposure to a growing base of gold and silver production in addition to a very large copper development project, all in the Americas. The gold and silver mines are in prolific mineral-rich regions of the world, including the Cortez Trend in Nevada, USA, the Timmins district of Ontario, Canada and the Deseado Massif in Santa Cruz province, Argentina. McEwen is also considering reactivating a gold and silver mine in Mexico.
NOTE TO INVESTORS: The latest news and updates relating to MUX are available in the company’s newsroom at https://ibn.fm/MUX.
