McEwen Inc. reported adjusted EBITDA of $11.8 million, or $0.22 per share, in Q3 2025, up 12% from $10.5 million, or $0.20 per share, in Q3 2024. Cash and equivalents increased to $51.2 million from $13.7 million at the end of 2024, while marketable securities rose to $24.2 million from $1.6 million. Working capital improved to $62.6 million compared to negative $6.5 million at December 31, 2024. Debt principal outstanding increased to $130.0 million from $40.0 million, with total debt reported at $126.0 million after deducting issuance costs. The company advanced its plan to double annual gold production to 250,000-300,000 ounces by 2030, with the Fox Complex expected to provide 50% of this target, Gold Bar Mine Complex 30%, and El Gallo 20%. McEwen also published the Feasibility Study for Los Azules and secured RIGI benefits, granting 30 years of tax and foreign exchange stability. As of September 30, 2025, McEwen had 54.1 million shares outstanding.