Investor Brand Network – Thu May 9, 9:12AM CDT
McEwen Mining (NYSE: MUX) (TSX: MUX), a gold and silver producer with operations in Nevada, Canada, Mexico and Argentina, has released its Q1 2024 results for the period ended March 31, 2024. Financial numbers include gross profit of $6 million, an increase from the $4.4 million reported in Q1 2023; Adjusted EBITDA of $6.3 million, or $0.13 per share in Q1, up from the adjusted EBITDA of negative $2.9 million, or ($0.06) per share, in Q1 2023; and consolidated net loss of $20.4 million, or ($0.41) per share in Q1, compared to a net loss of $43.1 million, or ($0.91) per share, in Q1 2023. In addition, the company reported consolidated cash and cash equivalents of $22 million with consolidated working capital of $14.1 million as of March 31, 2024, with total long-term debt at the end of Q1 2024 of $40 million, down from $65 million in Q1 2023. McEwen also scheduled a conference call…
