McEwen Inc. Reports Strong 2025 Financial Results While Advancing Ambitious Production Growth Strategy

McEwen Inc. reported strong fourth-quarter and full-year 2025 results, highlighting significant net income and adjusted EBITDA as it advances a strategy to increase production to 250,000-300,000 gold equivalent ounces by 2030 while lowering costs and extending mine life. The company's operating and financial performance positions it to potentially generate $80 million in free cash flow from its wholly owned operations and more than $50 million in dividends from its 49% stake in the San José mine during 2026. This financial strength provides McEwen with the capital flexibility to execute its ambitious growth strategy while potentially rewarding shareholders through dividend distributions.

McEwen also pointed to progress across key development assets in Canada, the U.S., Mexico and Argentina, including advancement of the Los Azules copper project, which recently secured approval under Argentina's RIGI investment regime and is supported by a feasibility study outlining a 22-year mine life and strong long-term production potential. The company has a 46.4% interest in McEwen Copper, which owns the large, long-life, advanced-stage Los Azules copper development project in San Juan province, Argentina. According to the last financing for McEwen Copper, the implied value of McEwen's ownership interest is US$456 million, representing significant potential value creation for shareholders as the project advances toward production.

The Los Azules copper project is designed to be one of the world's first regenerative copper mines and carbon neutral by 2038. Its Feasibility Study results were announced in the press release dated October 7, 2025, available at https://ibn.fm/dnP4D. This environmental focus positions McEwen to meet growing demand for responsibly sourced copper, which is essential for global electrification and renewable energy infrastructure. The project's approval under Argentina's RIGI investment regime provides regulatory stability and incentives that enhance its economic viability and reduce development risks.

McEwen's diversified portfolio across gold, silver and copper assets in the Americas provides multiple pathways for growth and value creation. The company's gold and silver mines are located in prolific mineral-rich regions including the Cortez Trend in Nevada, USA, the Timmins district of Ontario, Canada and the Deseado Massif in Santa Cruz province, Argentina. McEwen is also considering reactivating a gold and silver mine in Mexico, which could provide additional production growth beyond the company's stated 2030 targets. This geographic diversification helps mitigate country-specific risks while providing exposure to multiple high-potential mining jurisdictions.

The company's leadership structure aligns management interests with shareholders, with Chairman and Chief Owner Rob McEwen having invested over US$200 million personally and taking a salary of $1 per year. His objective is to build McEwen's profitability, share value and eventually implement a dividend policy, as he did while building Goldcorp Inc. This alignment of interests provides confidence that management decisions will prioritize long-term shareholder value creation. The latest news and updates relating to McEwen are available in the company's newsroom at https://ibn.fm/MUX, providing investors with ongoing transparency about the company's progress toward its strategic objectives.