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McEwen Mining Q1 2024 Results Conference Call
Newsfilter· 2024-05-06 15:14
TORONTO, May 06, 2024 (GLOBE NEWSWIRE) -- McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) invites you to join our conference call following the release of our Q1 2024 financial results on Thursday, May 9th, 2024 at 11:00 AM EDT, where management will discuss our financial results and project developments and follow with a question-and-answer session. Questions can be asked directly by participants over the phone during the webcast. Toll Free Dial-In North America: (888) 210-3454 Thursday Toll Free Dial-In Other C ...
McEwen Mining Q1 2024 Results Conference Call
Globenewswire· 2024-05-06 15:14
TORONTO, May 06, 2024 (GLOBE NEWSWIRE) -- McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) invites you to join our conference call following the release of our Q1 2024 financial results on Thursday, May 9th, 2024 at 11:00 AM EDT, where management will discuss our financial results and project developments and follow with a question-and-answer session. Questions can be asked directly by participants over the phone during the webcast. ThursdayMay 9th 2024 at 11:00 AM EDTToll Free Dial-In North America:(888) 210-3454 ...
Recent Price Trend in McEwen (MUX) is Your Friend, Here's Why
Zacks Investment Research· 2024-05-01 13:51
While "the trend is your friend" when it comes to short-term investing or trading, timing entries into the trend is a key determinant of success. And increasing the odds of success by making sure the sustainability of a trend isn't easy.Often, the direction of a stock's price movement reverses quickly after taking a position in it, making investors incur a short-term capital loss. So, it's important to ensure that there are enough factors -- such as sound fundamentals, positive earnings estimate revisions, ...
Strength Seen in McEwen (MUX): Can Its 9.3% Jump Turn into More Strength?
Zacks Investment Research· 2024-04-26 11:46
McEwen (MUX) shares soared 9.3% in the last trading session to close at $11.94. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 13.4% gain over the past four weeks.McEwen Mining has experienced an uptick in its stock value due to the recent surge in gold and silver prices, attributed to the weaker-than-expected U.S. GDP results. The U.S. GDP increased at an annualized rate of 1.6% in the first quarter of 2024, marking its slowest ...
McEwen (MUX) Stock Falls Amid Market Uptick: What Investors Need to Know
Zacks Investment Research· 2024-04-24 23:05
The most recent trading session ended with McEwen (MUX) standing at $10.92, reflecting a -1.71% shift from the previouse trading day's closing. The stock's change was less than the S&P 500's daily gain of 0.02%. Elsewhere, the Dow saw a downswing of 0.11%, while the tech-heavy Nasdaq appreciated by 0.1%.Shares of the gold and silver mining company witnessed a gain of 22.49% over the previous month, beating the performance of the Basic Materials sector with its loss of 2.03% and the S&P 500's loss of 3.01%.A ...
McEwen (MUX) Increases Despite Market Slip: Here's What You Need to Know
Zacks Investment Research· 2024-04-18 22:56
McEwen (MUX) closed the latest trading day at $11.04, indicating a +1.38% change from the previous session's end. The stock outpaced the S&P 500's daily loss of 0.22%. Meanwhile, the Dow gained 0.06%, and the Nasdaq, a tech-heavy index, lost 0.52%.Coming into today, shares of the gold and silver mining company had gained 21.27% in the past month. In that same time, the Basic Materials sector lost 0.37%, while the S&P 500 lost 1.66%.Market participants will be closely following the financial results of McEwe ...
Is McEwen Mining (MUX) Stock Outpacing Its Basic Materials Peers This Year?
Zacks Investment Research· 2024-04-18 14:46
For those looking to find strong Basic Materials stocks, it is prudent to search for companies in the group that are outperforming their peers. McEwen (MUX) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? A quick glance at the company's year-to-date performance in comparison to the rest of the Basic Materials sector should help us answer this question.McEwen is a member of the Basic Materials sector. This group include ...
McEwen Mining(MUX) - 2023 Q4 - Annual Report
2024-03-15 21:10
PART I [ITEM 1. BUSINESS](index=6&type=section&id=ITEM%201.%20BUSINESS) McEwen Mining Inc. is a gold and silver mining, production, and exploration company focused on the Americas - McEwen Mining Inc. operates as a **gold and silver mining, production, and exploration company** with an advanced copper development project, primarily focused on the Americas[17](index=17&type=chunk) - The company holds **100% ownership** of mines in Canada (Froome, Stock), the United States (Gold Bar), and Mexico (Fenix Project), alongside **47.7% interest** in the Los Azules copper project and **49% interest** in the San José mine in Argentina[17](index=17&type=chunk) 2023 Attributable Gold Equivalent Ounce Production | Production Type | Gold (ounces) | Silver (ounces) | Gold Equivalent (ounces) | | :---------------- | :------------ | :-------------- | :----------------------- | | Gold Bar Mine | 43,669 | 756 | 43,678 | | Fox Complex | 44,373 | 5,590 | 44,439 | | El Gallo Mine | 787 | 877 | 797 | | San José mine (49%) | 39,683 | 2,166,833 | 65,673 | | **Total Production** | **128,512** | **2,174,056** | **154,587** | 2023 Revenues from Gold and Silver Sales (in millions USD) | Mine/Complex | Revenue (USD millions) | | :------------- | :--------------------- | | Gold Bar Mine | $83.4 | | Fox Complex | $81.3 | | El Gallo Mine | $1.5 | | San José mine (49%) | $118.8 | Annual High, Low, and Average Daily London Fix Prices (2021-2024 YTD) | Year | Gold High ($/oz) | Gold Low ($/oz) | Gold Average ($/oz) | Silver High ($/oz) | Silver Low ($/oz) | Silver Average ($/oz) | | :--- | :--------------- | :-------------- | :------------------ | :----------------- | :---------------- | :-------------------- | | 2021 | 2,067 | 1,474 | 1,770 | 28.90 | 12.00 | 20.50 | | 2022 | 1,943 | 1,684 | 1,799 | 29.59 | 21.53 | 25.14 | | 2023 | 2,078 | 1,811 | 1,940 | 26.03 | 20.09 | 23.35 | | 2024 (through March 14) | 2,180 | 1,985 | 2,050 | 24.97 | 22.08 | 23.05 | - As of December 31, 2023, the company employed **575 individuals** across its wholly-owned operations, with an additional **1,402 employees** at the San José mine in Argentina[105](index=105&type=chunk) [ITEM 1A. RISK FACTORS](index=28&type=section&id=ITEM%201A.%20RISK%20FACTORS) The company faces significant risks from volatile commodity prices, operational uncertainties, and political, social, and regulatory challenges - Company results are highly dependent on the **volatile market prices of gold, silver, and copper**[117](index=117&type=chunk) - The company reported pre-tax losses of **$80.3 million in 2022** and **$64.2 million in 2021**, resulting in an accumulated deficit of **$1.2 billion** as of December 31, 2023[120](index=120&type=chunk) - An outstanding credit facility of **$40.0 million** existed as of December 31, 2023, with principal payments commencing in January 2025[123](index=123&type=chunk) - Reclamation obligations amounted to **$43.0 million** as of December 31, 2023, with **$42.5 million** secured by surety bonds in the U.S. and Canada, and an **$8.0 million** liability in Mexico[136](index=136&type=chunk) - The company's **49.0% interest** in the San José mine and **47.7% interest** in the Los Azules copper project limit its control over exploration, development, and production activities[148](index=148&type=chunk) - Operations in Argentina and Mexico are exposed to political and social risks, including **foreign exchange regulations, export taxes, and violent crime**[156](index=156&type=chunk)[157](index=157&type=chunk)[160](index=160&type=chunk) - A **material weakness** in internal control over financial reporting was identified as of December 31, 2023, stemming from insufficient human resources for non-routine transactions, affecting inventory, mineral properties, and income taxes[191](index=191&type=chunk)[192](index=192&type=chunk) [ITEM 1B. UNRESOLVED STAFF COMMENTS](index=64&type=section&id=ITEM%201B.%20UNRESOLVED%20STAFF%20COMMENTS) There are no unresolved staff comments to report - No unresolved staff comments to report[220](index=220&type=chunk) [ITEM 1C. CYBERSECURITY](index=64&type=section&id=ITEM%201C.%20CYBERSECURITY) The company integrates cybersecurity risk management with Audit Committee oversight, identifying no material incidents to date - Cybersecurity processes are integrated into the company's overall risk assessment, encompassing **third-party monitoring and incident response assessment**[220](index=220&type=chunk) - The Audit Committee oversees cybersecurity risks, with the Global IT Manager responsible for leading risk management and strategy processes[224](index=224&type=chunk)[225](index=225&type=chunk) - No specific cybersecurity risks or incidents have been identified that materially affected or are reasonably likely to materially affect the company's business, operations, or financial condition[223](index=223&type=chunk) [ITEM 2. PROPERTIES](index=66&type=section&id=ITEM%202.%20PROPERTIES) Mineral properties are categorized by segment and development stage, including production sites and advanced projects across regions - Mineral properties are categorized into reportable segments and by stage of development, including **production, advanced-stage, and exploration**[226](index=226&type=chunk) - Key operating and advanced-stage properties include the **Fox Complex, Gold Bar mine, Fenix Project, Los Azules copper project, and San José mine** across North and South America[226](index=226&type=chunk) USA Mineral Property Interest (as of Dec 31, 2023) | Property Name | Number of Claims | Square Miles | Square Kilometers | | :-------------- | :--------------- | :----------- | :---------------- | | Gold Bar | 2,376 | 97 | 251 | | Tonkin | 1,390 | 45 | 117 | | Other Properties | 994 | 32 | 83 | | **Total USA Properties** | **4,760** | **174** | **451** | Canada Mineral Property Interest (as of Dec 31, 2023) | Property Name | Number of PINs | Number of Claims | Square Miles | Square Kilometers | | :-------------- | :------------- | :--------------- | :----------- | :---------------- | | Black Fox Property | 32 | 53 | 10 | 26 | | Stock Property | 25 | 108 | 10 | 26 | | Davidson-Tisdale | 11 | 1 | 2 | 5 | | Fuller | 4 | — | 1 | 3 | | Paymaster | 15 | — | 1 | 3 | | Buffalo Ankerite | 7 | 1 | 3 | 8 | | **Total Canada Properties** | **94** | **163** | **27** | **71** | Mexico Mineral Property Interest (as of Dec 31, 2023) | Property Name | Claims | Square Miles | Square Kilometers | | :-------------- | :----- | :----------- | :---------------- | | Fenix Project (including El Gallo mine) | 20 | 178 | 461 | | Other Mexico properties | 25 | 26 | 67 | | El Gallo Gold (In Remediation) | 1 | 2 | 5 | | **Total Mexico Properties** | **46** | **206** | **533** | McEwen Copper Mineral Property Interest (as of Dec 31, 2023) | Property Name | Number of Claims | Square Miles | Square Kilometers | | :-------------- | :--------------- | :----------- | :---------------- | | Los Azules project | 21 | 126 | 326 | | Elder Creek exploration property (Nevada, USA) | 573 | 18 | 47 | | Other Argentina properties | 17 | 180 | 466 | | **Total McEwen Copper Properties** | **611** | **324** | **839** | [ITEM 3. LEGAL PROCEEDINGS](index=90&type=section&id=ITEM%203.%20LEGAL%20PROCEEDINGS) The company is not involved in any material legal proceedings, nor are any threatened proceedings expected to impact operations - The company is not subject to any **material legal proceedings**, nor are any threatened proceedings expected to materially impact its properties, operations, or financial condition[314](index=314&type=chunk) [ITEM 4. MINE SAFETY DISCLOSURES](index=90&type=section&id=ITEM%204.%20MINE%20SAFETY%20DISCLOSURES) McEwen Mining prioritizes safety through a comprehensive management system, with the Gold Bar mine regulated by MSHA - Safety is a core value, with a comprehensive health and safety management system covering **training, risk management, inspections, emergency response, and accident investigation**[315](index=315&type=chunk) - The Gold Bar mine is regulated by the **Federal Mine Safety and Health Administration (MSHA)**, which conducts regular inspections and may issue citations[317](index=317&type=chunk) - The company reports mine safety violations and other regulatory matters as required by **Section 1503(a) of the Dodd-Frank Act and Item 104 of Regulation S-K**[318](index=318&type=chunk) PART II [ITEM 5. MARKET FOR COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES](index=93&type=section&id=ITEM%205.%20MARKET%20FOR%20COMMON%20EQUITY%2C%20RELATED%20STOCKHOLDER%20MATTERS%20AND%20ISSUER%20PURCHASES%20OF%20EQUITY%20SECURITIES) McEwen Mining's common stock trades on the NYSE and TSX, underperforming key indices over the past five years - Common stock trades on the NYSE and TSX under the symbol **"MUX"**[321](index=321&type=chunk) - As of March 15, 2024, **49,439,696 shares** of common stock were outstanding, held by approximately **3,000 stockholders**[321](index=321&type=chunk) Cumulative Total Shareholder Return (December 31, 2018 - December 31, 2023) | Index | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | | :-------------------- | :--- | :--- | :--- | :--- | :--- | :--- | | McEwen Mining (MUX) | $100 | $70 | $54 | $49 | $32 | $40 | | NYSE Arca Gold Bugs Index | $100 | $151 | $187 | $161 | $143 | $152 | | NYSE Composite Index | $100 | $122 | $128 | $151 | $133 | $148 | [ITEM 6. [RESERVED]](index=93&type=section&id=ITEM%206.%20%5BRESERVED%5D) This item is reserved and contains no information [ITEM 7. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS](index=94&type=section&id=ITEM%207.%20MANAGEMENT%27S%20DISCUSSION%20AND%20ANALYSIS%20OF%20FINANCIAL%20CONDITION%20AND%20RESULTS%20OF%20OPERATIONS) This section details financial condition and operating results, highlighting net income from deconsolidation, increased production, and key financial aspects - The company achieved its annual consolidated GEO production guidance, producing **154,588 GEOs in 2023**, an increase from **133,348 GEOs in 2022**[336](index=336&type=chunk) - Revenue from 100% owned operations increased by **51% to $166.2 million in 2023** from **$110.4 million in 2022**, driven by a **34% increase in GEOs sold** and an **8% increase in realized gold prices**[340](index=340&type=chunk)[356](index=356&type=chunk) Selected Consolidated Financial and Operating Results (in thousands USD) | Metric | 2023 (in thousands) | 2022 (in thousands) | 2021 (in thousands) | | :-------------------------------- | :------------------ | :------------------ | :------------------ | | Revenue from gold and silver sales | $166,231 | $110,417 | $136,541 | | Production costs applicable to sales | $(119,230) | $(91,260) | $(119,223) | | Gross profit (loss) | $17,780 | $(544) | $(6,480) | | Net income (loss) | $55,299 | $(81,075) | $(56,712) | | Adjusted net income (loss) | $(23,047) | $(16,964) | $(43,034) | | GEOs produced (thousands) | 154.6 | 133.3 | 154.4 | | GEOs sold (thousands) | 151.1 | 132.2 | 153.4 | | Average realized price ($/GEO) | $1,927 | $1,788 | $1,803 | | Cash cost per ounce ($/GEO sold) (100% owned) | $1,356 | $1,276 | $1,453 | | AISC per ounce ($/GEO sold) (100% owned) | $1,615 | $1,688 | $1,635 | - Net income for full year 2023 was **$55.3 million**, or **$1.16 per share**, primarily due to a **$222.2 million accounting gain** from the deconsolidation of McEwen Copper[340](index=340&type=chunk)[351](index=351&type=chunk) - Cash and cash equivalents decreased by **$16.8 million** to **$23.0 million** as of December 31, 2023, mainly due to the derecognition of cash balances from McEwen Copper's deconsolidation[368](index=368&type=chunk) - A **material weakness** in internal control over financial reporting was identified due to insufficient human resources for non-routine transactions, particularly the deconsolidation of McEwen Copper[191](index=191&type=chunk)[192](index=192&type=chunk)[726](index=726&type=chunk) [ITEM 7A. QUANTITATIVE AND QUALITATIVE DISCLOSURE ABOUT MARKET RISK](index=142&type=section&id=ITEM%207A.%20QUANTITATIVE%20AND%20QUALITATIVE%20DISCLOSURE%20ABOUT%20MARKET%20RISK) The company faces market risks from foreign currency, commodity price volatility, and credit risk, particularly in Argentina, without using derivatives - The company is exposed to market risks including **foreign currency exchange rates, equity price risks, commodity price fluctuations, credit risk, and inflationary risk**, and does not use derivative financial instruments for management[505](index=505&type=chunk) - The Argentine peso devalued by **73% against the U.S. dollar in 2023**, significantly impacting costs and liabilities, following **41% in 2022** and **18% in 2021**[508](index=508&type=chunk) - A **10% change in gold and silver prices** would have resulted in an additional income or loss of approximately **$16.6 million** before taxes in 2023[517](index=517&type=chunk) - Credit risk is present for **$0.9 million in VAT receivables** from Mexican tax authorities and **$42.5 million in surety bonds** covering reclamation obligations in Nevada and Ontario[522](index=522&type=chunk)[523](index=523&type=chunk) [ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA](index=147&type=section&id=ITEM%208.%20FINANCIAL%20STATEMENTS%20AND%20SUPPLEMENTARY%20DATA) This section presents consolidated financial statements, auditor reports, and notes, highlighting a material weakness in internal control - The consolidated financial statements are prepared in accordance with **US GAAP**[533](index=533&type=chunk)[566](index=566&type=chunk) - Management assessed internal control over financial reporting as **not effective** as of December 31, 2023, due to a **material weakness** from insufficient human resources for non-routine transactions impacting inventory, mineral properties, and income taxes[531](index=531&type=chunk)[545](index=545&type=chunk)[546](index=546&type=chunk) Consolidated Statements of Operations and Comprehensive Income (Loss) (in thousands USD) | Metric | 2023 | 2022 | 2021 | | :-------------------------------- | :----- | :----- | :----- | | Revenue from gold and silver sales | $166,231 | $110,417 | $136,541 | | Production costs applicable to sales | $(119,230) | $(91,260) | $(119,223) | | Depreciation and depletion | $(29,221) | $(19,701) | $(23,798) | | Gross profit (loss) | $17,780 | $(544) | $(6,480) | | Operating loss | $(162,063) | $(95,437) | $(64,280) | | Total other income | $229,099 | $15,149 | $81 | | Income (loss) before income and mining taxes | $67,036 | $(80,288) | $(64,199) | | Income and mining tax (expense) recovery | $(33,859) | $(5,806) | $7,315 | | Net income (loss) after income and mining taxes | $33,177 | $(86,094) | $(56,884) | | Net income (loss) attributable to McEwen shareholders | $55,299 | $(81,075) | $(56,712) | | Net income (loss) per share (Basic and diluted) | $1.16 | $(1.71) | $(1.25) | Consolidated Balance Sheets (as of December 31, in thousands USD) | Asset/Liability | 2023 | 2022 | | :-------------------------------- | :----- | :----- | | Cash and cash equivalents | $23,020 | $39,782 | | Total current assets | $52,661 | $81,652 | | Mineral property interests and plant and equipment, net | $169,950 | $346,281 | | Investment in McEwen Copper Inc. | $326,147 | — | | Investment in Minera Santa Cruz S.A. | $93,218 | $93,451 | | Total assets | $657,239 | $528,719 | | Total current liabilities | $30,003 | $84,186 | | Long-term debt | $40,000 | $53,979 | | Total liabilities | $154,819 | $172,445 | | Total shareholders' equity | $502,420 | $356,274 | Consolidated Statements of Cash Flows (in thousands USD) | Cash Flow Activity | 2023 | 2022 | 2021 | | :-------------------------------- | :------- | :------- | :------- | | Cash used in operating activities | $(39,637) | $(56,580) | $(20,063) | | Cash used in investing activities | $(99,637) | $(23,901) | $(24,564) | | Cash provided by financing activities | $172,182 | $65,455 | $80,983 | | Effect of exchange rate change on cash and cash equivalents | $(48,977) | $(2,029) | $(160) | | (Decrease) increase in cash, cash equivalents and restricted cash | $(16,069) | $(17,055) | $36,196 | | Cash, cash equivalents and restricted cash, end of year | $27,510 | $43,579 | $60,634 | [ITEM 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE](index=206&type=section&id=ITEM%209.%20CHANGES%20IN%20AND%20DISAGREEMENTS%20WITH%20ACCOUNTANTS%20ON%20ACCOUNTING%20AND%20FINANCIAL%20DISCLOSURE) There are no changes in or disagreements with accountants on accounting and financial disclosure - No changes in or disagreements with accountants on accounting and financial disclosure[719](index=719&type=chunk) [ITEM 9A. CONTROLS AND PROCEDURES](index=206&type=section&id=ITEM%209A.%20CONTROLS%20AND%20PROCEDURES) Disclosure controls were ineffective due to a material weakness in internal control over financial reporting, with a remediation plan underway - Disclosure controls and procedures were **not effective** as of December 31, 2023, due to a **material weakness** in internal control over financial reporting[719](index=719&type=chunk) - The material weakness resulted from an **insufficient complement of human resources** for non-routine transactions, specifically the deconsolidation of McEwen Copper Inc., impacting inventory, mineral properties, and income taxes[726](index=726&type=chunk) - Management is implementing a remediation plan to **redesign control procedures, potentially add personnel, and engage third-party resources** to address the material weakness[728](index=728&type=chunk) [ITEM 9B. OTHER INFORMATION](index=210&type=section&id=ITEM%209B.%20OTHER%20INFORMATION) No directors or executive officers adopted, modified, or terminated Rule 10b5-1 trading arrangements during Q4 2023 - No directors or executive officers adopted, modified, or terminated any **Rule 10b5-1 trading arrangements** during Q4 2023[731](index=731&type=chunk) [ITEM 9C. DISCLOSURE REGARDING FOREIGN JURISDICTIONS THAT PREVENT INSPECTIONS](index=210&type=section&id=ITEM%209C.%20DISCLOSURE%20REGARDING%20FOREIGN%20JURISDICTIONS%20THAT%20PREVENT%20INSPECTIONS) This disclosure item is not applicable to the company - This disclosure item is not applicable[731](index=731&type=chunk) PART III [ITEM 10. DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE](index=210&type=section&id=ITEM%2010.%20DIRECTORS%2C%20EXECUTIVE%20OFFICERS%20AND%20CORPORATE%20GOVERNANCE) Information on directors, executive officers, and corporate governance is incorporated by reference from the 2024 Definitive Proxy Statement - Information is incorporated by reference from the **Definitive Proxy Statement for the 2024 Annual Meeting of Shareholders**[733](index=733&type=chunk) - The company maintains a **code of business conduct and ethics** applicable to all employees, officers, and directors[734](index=734&type=chunk) [ITEM 11. EXECUTIVE COMPENSATION](index=210&type=section&id=ITEM%2011.%20EXECUTIVE%20COMPENSATION) Information on executive compensation is incorporated by reference from the 2024 Definitive Proxy Statement - Information is incorporated by reference from the **Definitive Proxy Statement for the 2024 Annual Meeting of Shareholders**[735](index=735&type=chunk) [ITEM 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS](index=210&type=section&id=ITEM%2012.%20SECURITY%20OWNERSHIP%20OF%20CERTAIN%20BENEFICIAL%20OWNERS%20AND%20MANAGEMENT%20AND%20RELATED%20STOCKHOLDER%20MATTERS) Information on security ownership and related stockholder matters is incorporated by reference from the 2024 Definitive Proxy Statement - Information is incorporated by reference from the **Definitive Proxy Statement for the 2024 Annual Meeting of Shareholders**[736](index=736&type=chunk) [ITEM 13. CERTAIN RELATIONSHIPS, RELATED TRANSACTIONS AND DIRECTOR INDEPENDENCE](index=210&type=section&id=ITEM%2013.%20CERTAIN%20RELATIONSHIPS%2C%20RELATED%20TRANSACTIONS%20AND%20DIRECTOR%20INDEPENDENCE) Information on certain relationships, related transactions, and director independence is incorporated by reference from the 2024 Definitive Proxy Statement - Information is incorporated by reference from the **Definitive Proxy Statement for the 2024 Annual Meeting of Shareholders**[737](index=737&type=chunk) [ITEM 14. PRINCIPAL ACCOUNTING FEES AND SERVICES](index=210&type=section&id=ITEM%2014.%20PRINCIPAL%20ACCOUNTING%20FEES%20AND%20SERVICES) Information on principal accounting fees and services is incorporated by reference from the 2024 Definitive Proxy Statement - Information is incorporated by reference from the **Definitive Proxy Statement for the 2024 Annual Meeting of Shareholders**[738](index=738&type=chunk) PART IV [ITEM 15. EXHIBITS, AND FINANCIAL STATEMENT SCHEDULES](index=212&type=section&id=ITEM%2015.%20EXHIBITS%2C%20AND%20FINANCIAL%20STATEMENT%20SCHEDULES) This section lists all exhibits and financial statement schedules, including various agreements, corporate documents, and consents - This section lists all exhibits and financial statement schedules filed or furnished with the report[740](index=740&type=chunk) - Exhibits encompass various agreements, corporate documents, warrants, and equity incentive plans[742](index=742&type=chunk)[743](index=743&type=chunk)[744](index=744&type=chunk)[745](index=745&type=chunk)[746](index=746&type=chunk) - Consents from **Ernst & Young LLP** and various mining consultants and qualified persons are also included[746](index=746&type=chunk) [ITEM 16. FORM 10-K SUMMARY](index=218&type=section&id=ITEM%2016.%20FORM%2010-K%20SUMMARY) No Form 10-K summary is provided - No Form 10-K summary is provided[747](index=747&type=chunk) [SIGNATURES](index=219&type=section&id=SIGNATURES) This section contains the required signatures for the Form 10-K report, certifying its submission - The report is duly signed by **Robert R. McEwen** (Chairman and CEO) and **Perry Ing** (Interim CFO and Principal Accounting Officer) on behalf of McEwen Mining Inc[749](index=749&type=chunk)[750](index=750&type=chunk) - The signing date for the report is **March 15, 2024**[750](index=750&type=chunk)
McEwen Mining(MUX) - 2023 Q4 - Annual Results
2024-03-01 14:29
Exhibit 99.1 McEWEN MINING: 2023 YEAR END AND Q4 RESULTS 2023 Net income $1.15/share vs. 2022 net loss $1.71/share TORONTO, February 29, 2024 - McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) today reported its fourth quarter ("Q4") and full year 2023 financial and operational results. Net income for the year was $54.7 million or $1.15 per share versus a 2022 net loss of $81.1 million or $1.71 per share! Gold production at the Fox Complex and Gold Bar mine came in just above the low end of guidance and San José j ...
McEwen Mining(MUX) - 2023 Q3 - Earnings Call Transcript
2023-11-09 18:15
McEwen Mining Inc. (NYSE:MUX) Q3 2023 Earnings Conference Call November 9, 2023 11:00 AM ET Company Participants Rob McEwen - Chairman, Chief Owner Perry Ing - Chief Financial Officer William Shaver - Chief Operating Officer Michael Meding - Vice President, General Manager, McEwen Copper Jeff Chan - Vice President, Finance Carmen Diges - General Counsel and Secretary Stefan Spears - Vice President, Corporate Development Conference Call Participants Marcus Giannini - H.C. Wainright Jake Sekelsky - All ...