McEwen Mining Inc. reported its Q1 2025 financial results, revealing an increase in gross profit to $10.1 million, up from $6.0 million in Q1 2024. This rise was primarily driven by a 31% higher average realized gold price. The company recorded an adjusted EBITDA of $8.7 million, or $0.16 per share, an improvement from $6.3 million, or $0.13 per share, in the corresponding period of the previous year. The net loss for Q1 2025 was $6.3 million, or $0.12 per share, compared to a net loss of $20.4 million, or $0.41 per share, in Q1 2024. McEwen Mining has also initiated plans to significantly increase annual gold production at the Fox Complex, targeting 60,000 ounces by 2027, with a potential expansion to between 120,000 and 150,000 ounces by 2030, subject to permit approval. This strategic move may boost total annual consolidated production to the range of 225,000 - 255,000 gold equivalent ounces (GEOs). To support this growth, the company completed a $110.0 million convertible debt offering, focusing on transitioning production from the Froome mine to the Stock mine. Development at the Stock mine is moving forward following the receipt of the final Closure Plan Permit. Additionally, McEwen Copper anticipates capitalizing its expenses under US GAAP with the upcoming publication of the Los Azules feasibility study in July 2025, which is expected to positively impact McEwen Mining's income statement by reducing a major expense item.