McEwen Inc. reports Q3 net loss of $0.5 million on lower gross profit and higher production costs
McEwen Inc. reported revenue from gold and silver sales of $50.5 million for the third quarter of 2025, down from $52.3 million in the same period in 2024. Production costs applicable to sales rose to $35.2 million from $29.7 million a year earlier. The company posted a gross profit of $7.8 million in Q3 2025, compared to $13.8 million in Q3 2024, citing increased production costs from processing lower grade material at the Gold Bar Mine Complex and decreased revenues. Net loss for the quarter was $0.5 million, or $0.01 per share, improving from a net loss of $2.1 million, or $0.04 per share, in Q3 2024, primarily due to an $8.1 million unrealized gain on investments in marketable securities and a $1.3 million income tax recovery. Adjusted EBITDA for Q3 2025 was $11.8 million, or $0.22 per share, compared to $10.5 million, or $0.20 per share, in Q3 2024. In corporate developments, Ian Ball was appointed as Vice-Chairman of McEwen Inc. in September 2025, a new executive position to support the company's strategic growth.
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