McEwen Mining: 2024 Production Within Guidance; 2025 Guidance: Stable Production and Cost/Oz

Core Viewpoint - McEwen Mining Inc. reported a consolidated production of 135,900 gold equivalent ounces (GEOs) for the full year 2024, which is within the guidance range provided earlier [1][2]. Production Summary - Gold Bar Mine produced 44,600 GEOs, exceeding the guidance range of 40,000 - 43,000 GEOs [2][3]. - San José Mine produced 60,100 GEOs, also slightly above the guidance range of 50,000 - 60,000 GEOs [2][3]. - Fox Complex produced 30,150 GEOs, which was below the annual guidance of 40,000 - 42,000 GEOs due to a stope failure [2][3]. 2025 Production and Cost Guidance - For 2025, consolidated production is expected to be between 120,000 and 140,000 GEOs, with the lower end influenced by the transition of production at the Fox Complex [4]. - Cash costs per GEO for 2025 are projected to be between $1,550 and $1,750, while all-in sustaining costs (AISC) are expected to range from $1,800 to $2,000 [3][4]. Operational Insights - At Fox Complex, development delays are anticipated to affect production, with commercial production from the Stock project now expected in early 2026 [5]. - Gold Bar Mine is expected to have lower production in the first half of 2025 due to ongoing waste stripping, which is projected to improve ore availability in the latter half of the year [6]. Company Overview - McEwen Mining operates in Nevada, Canada, Mexico, and Argentina, and also holds a 46.4% stake in McEwen Copper, which owns the Los Azules copper project in Argentina [10]. - The company aims to enhance productivity and asset life to increase share price and provide investor yield [10].