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McEwen Mining Reports Q2 2025 Results, Reaffirms Production Outlook

McEwen Mining has released its second-quarter 2025 results, reporting a consolidated production of 27,554 gold equivalent ounces (GEOs), a decrease from 35,265 GEOs in the same quarter of 2024. The company's costs per GEO from its 100%-owned operations were $1,906 in cash costs and $2,120 in all-in sustaining costs (AISC), up from $1,554 and $1,728 respectively in Q2 2024. This increase in costs is attributed to lower grades and recovery rates. However, McEwen Mining has reaffirmed its full-year production guidance of 120,000–140,000 GEOs. The company anticipates production to increase and costs per GEO to decrease in the second half of 2025, driven by the near completion of accelerated stripping activity. The company also provided updates on its development projects, including the submission of a revised RIGI application for the Los Azules project in Argentina to secure tax and regulatory benefits. McEwen Mining's long-term goal is to achieve a consolidated production of 250,000 to 300,000 GEOs by 2030.

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