
McEwen: Q1 Earnings Snapshot
TORONTO — TORONTO — McEwen Mining Inc. (MUX) on Wednesday reported a loss of $6.3 million in its first quarter.
On a per-share basis, the Toronto-based company said it had a loss of 12 cents.
The gold and silver mining company posted revenue of $35.7 million in the period.
_____

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Bloomberg
31 minutes ago
- Bloomberg
Can US Catch Up to China's Rare Earths Dominance?
US Critical Materials Executive Director Harvey Kaye says the US should do everything it can to ramp up its rare earth processing infrastructure. On Bloomberg's Insight with Haslinda Amin, he also said the US could probably catch up to China's rare earths production in five years. (Source: Bloomberg)


Forbes
32 minutes ago
- Forbes
I Went To The Amazon Prime Analyst Day. Here's What I Learned.
Last week, I attended Amazon's first-ever Prime Analyst Day in Seattle. It was a valuable opportunity to hear firsthand from senior executives who updated us on Amazon's latest innovations and strategic direction. Here are five key takeaways. Daniel Rausch, Vice President, Alexa and Echo, gave us a demo of the new generative AI-enabled Alexa. It's smarter, more intuitive and more personalized. 'Amazon's strategy is to help shoppers get things done,' Rausch told us. While the old Alexa was mainly about replenishment tasks, Alexa+ can help shoppers explore more – increasingly important for a marketplace selling millions of products. The first-ever Amazon Prime Analyst Day took place in Seattle in June 2025. Using the larger Echo Show displays, Rausch asked Alexa to help him find a cowboy hat for a Beyoncé concert. He then built a grocery list by asking for specific products as well as ingredients for a recipe. The fluidity of the conversation, the speed of the results, ease of modifications, and the visual cues made for an impressive experience. I've never been overly optimistic about voice commerce, but I think this could be a gamechanger. I asked whether Amazon felt their grocery offering was differentiated enough, especially given that competitors have raised their game in recent years. Do shoppers really understand the Amazon value proposition? The answer: price, selection, and convenience is Amazon's USP. I'd argue that in grocery it's difficult to achieve all three, but Amazon believes that it's well positioned to deliver on this. 'Over the past 20 years, grocery shopping has actually gotten more complicated,' said Meredith Bunche, Director, Amazon Grocery. 'Grocers offer so much choice today, and that has created a larger mental load for people who just want to get their groceries.' In fact, throughout the day, there was a strong emphasis on Amazon's ability to reduce the cognitive load for shoppers, busy families in particular. That's certainly a sweet spot for Amazon and perhaps one of the incentives to start consolidating grocery and non-food orders in same-day fulfilment centres. 'Customers may not realize they can buy a tomato on Amazon for same-day delivery,' said Sarah Mathew, Vice President, Global Delivery Experience. Perishables is an important category as it drives repeat purchasing, but Amazon's real strength is in everyday essentials. Think diapers, potato chips, pet food, toothpaste. This category grew twice as fast of the rest of the business in Q1, now representing 1 in 3 units sold in the US. Even though Prime isn't just about delivery perks these days, it's important that Amazon continues to improve on speed. Out of the 26 countries where Prime is available today, Jamil Ghani, Worldwide Vice President of Amazon Prime, mentioned Japan as an example of a fast delivery market, where most of Amazon's selection is available for one-day or same-day delivery, with everyday essentials among the most speed sensitive. Jamil Ghani, Worldwide Vice President of Amazon Prime Sarah Mathew noted how, contrary to popular belief, same-day delivery can be incredibly cost-effective. And it certainly powers that flywheel. 'Every time we get faster, we see customers come back more often,' she said. As with any subscription, retention is critical for Amazon Prime. Ghani noted how over 70,000 members have been with Prime since its initial launch in 2005. That is phenomenal loyalty and reminds me of a quote from Jeff Bezos: 'Our goal with Amazon Prime, make no mistake, is to make sure that if you are not a Prime member, you are being irresponsible.' This is why Amazon continues to invest in new benefits, particularly those with frequent usage like food delivery apps Grubhub in the US and Deliveroo in the UK. Ghani noted that there is a 'huge increase' in retention for those members who use a second Prime benefit. It's also why they've raised the annual fee just three times over the past two decades. In fact, when adjusted for inflation, the fee has only increased marginally ($131 versus the actual $139). Ghani doesn't like to call Prime a loyalty programme, as he told me on my Retail Disrupted podcast. He believes Amazon aspires for much more than a transactional relationship; in fact, Prime has become a utility for many households. 'You pay a little more to get a whole lot more,' Ghani said. One of things he is most excited about is live sports. 'It punches above its weight in terms of differentiation and longevity. Those members are shopping, not just coming to watch the game and moving on.' Ghani also noted how Prime is not a breakage model. 'The more a member uses Prime, the happier we are. We don't want to be a gym where we sign people up in January and everyone stops going in February.' And, finally, he confirmed that Prime is not a loss leader. High velocity events like Prime Day drive customer acquisition. Yes, there is churn but even those customers – the ones who trial Prime but don't go on to become members - are valuable. They are much more likely to continue shopping with Amazon, having had that experience. Amazon may not be invincible, but it certainly remains one of the most innovative, customer-centric businesses in the world. As Daniel Rausch put it, 'We know how to disrupt ourselves before someone else can.'


Forbes
33 minutes ago
- Forbes
Will Quantum Computing Kill Bitcoin?
Quantum computers could theoretically break Bitcoin's encryption and destroy the cryptocurrency ... More overnight, threatening the investments of 500 million global holders and trillions in market value. Bitcoin and other cryptocurrencies are now embedded in the global financial system. Countries are creating strategic reserves, and institutional investors, from hedge funds to pension schemes, are allocating capital to digital assets. Many individuals, businesses, and even governments are exposed to price fluctuations in this notoriously volatile market. But could it all collapse overnight if quantum computing renders the technology behind cryptocurrencies obsolete, potentially causing trillions of dollars in value to vanish? That's the risk some experts associate with quantum computing. These futuristic machines harness the strange properties of quantum mechanics to perform specific types of calculations exponentially faster than even the most powerful supercomputers. Given enough power, quantum computers could one day break the cryptographic foundations of blockchain systems like Bitcoin. So, how real is this threat? Could it mean the end of crypto or the start of a new chapter in the age of post-quantum security? At the start of 2024, an estimated 500 million people globally held Bitcoin or other cryptocurrencies, a 34% increase from the year before. The majority of holders reside in Asia and North America. In many cases, these assets represent a substantial portion of personal wealth or national reserves. If a technological advance were to render these assets insecure, the consequences could be severe. Cryptocurrencies function by ensuring that only authorized parties can modify the blockchain ledger. In Bitcoin's case, this means that only someone with the correct private key can spend a given amount of Bitcoin. Bitcoin currently uses cryptographic schemes such as the Elliptic Curve Digital Signature Algorithm (ECDSA) and Schnorr signatures to verify ownership and authorize transactions. These systems rely on the difficulty of deriving a private key from a public key, a task that is computationally infeasible for classical computers. This infeasibility is what makes "brute-force" attacks, trying every possible key, impractical. Classical computers must test each possibility one by one, which could take millions of years. Quantum computers, however, operate on different principles. Thanks to phenomena like superposition and entanglement, they can perform many calculations in parallel. In 1994, mathematician Peter Shor developed a quantum algorithm capable of factoring large numbers exponentially faster than classical methods. This algorithm, if run on a sufficiently powerful quantum computer, could undermine encryption systems like ECDSA. The core difference lies in how quantum and classical computers handle data. Classical computers process data as binary digits (bits), either 0s or 1s. Quantum computers use qubits, which can exist in multiple states simultaneously. As of 2024, the most advanced quantum computers can process around 1,000 qubits, but estimates suggest that breaking Bitcoin's ECDSA encryption would require a machine with 10 million to 300 million fault-tolerant qubits, a goal that remains years or even decades away. Nonetheless, technology often advances unpredictably, especially now that AI tools are accelerating research and development across fields, including quantum computing. This is why work on quantum-safe (or post-quantum) cryptography is already well underway. The U.S. National Institute of Standards and Technology (NIST) is leading efforts to standardize cryptographic algorithms that are secure against quantum attacks, not just to protect cryptocurrencies but to safeguard the entire digital ecosystem, from banking systems to classified government data. Once quantum-safe standards are finalized, Bitcoin and other blockchains could adapt accordingly. Bitcoin's open-source software is managed by a global community of developers with clear governance protocols for implementing updates. In other words, Bitcoin is not static; it can evolve to meet new threats. Could quantum computing kill Bitcoin? In theory, yes, if Bitcoin failed to adapt and quantum computers suddenly became powerful enough to break its encryption, its value would plummet. But this scenario assumes crypto stands still while quantum computing advances, which is highly unlikely. The cryptographic community is already preparing, and the financial incentives to preserve the integrity of Bitcoin are enormous. Moreover, if quantum computers become capable of breaking current encryption methods, the consequences would extend far beyond Bitcoin. Secure communications, financial transactions, digital identities, and national security all depend on encryption. In such a world, the collapse of Bitcoin would be just one of many crises. The quantum threat is real, but so is the work being done to prevent it. So, if you're among the millions with a bit of Bitcoin tucked away in the hope it will one day make you rich, well, I can't guarantee that will happen. But I don't think you need to worry that quantum computing is going to make it worthless any time soon.