MUX Advances Los Azules Project With RIGI Approval & IFC Partnership

Core Insights - McEwen Inc.'s subsidiary McEwen Copper's Los Azules copper project has been included in Argentina's Large Investment Incentive Regime (RIGI), confirming its technical and financial robustness and commitment to sustainability [1][7] - A collaboration agreement with the International Finance Corporation (IFC) has been established to align the project with global standards, enhancing its appeal to international investors and positioning it for future financing [2][7] - Los Azules is the ninth-largest undeveloped copper deposit globally, targeting carbon neutrality by 2038 and aiming to produce high-purity copper cathodes for industrial use [3][7] Financial Performance - McEwen reported second-quarter earnings of 6 cents per share, missing the Zacks Consensus Estimate of 9 cents, and revenues of $47 million, also below the estimate of $55 million [5] - The company's stock has surged 67.2% over the past year, significantly outperforming the industry growth of 9.4% [6]