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McEwen (MUX) Q2 Earnings and Revenues Miss Estimates
McEwen (MUX) Q2 Earnings and Revenues Miss Estimates

Yahoo

time6 days ago

  • Business
  • Yahoo

McEwen (MUX) Q2 Earnings and Revenues Miss Estimates

McEwen (MUX) came out with quarterly earnings of $0.06 per share, missing the Zacks Consensus Estimate of $0.09 per share. This compares to a loss of $0.26 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -33.33%. A quarter ago, it was expected that this gold and silver mining company would post a loss of $0.14 per share when it actually produced a loss of $0.12, delivering a surprise of +14.29%. Over the last four quarters, the company has surpassed consensus EPS estimates just once. McEwen, which belongs to the Zacks Mining - Miscellaneous industry, posted revenues of $46.7 million for the quarter ended June 2025, missing the Zacks Consensus Estimate by 14.47%. This compares to year-ago revenues of $47.48 million. The company has topped consensus revenue estimates just once over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. McEwen shares have added about 36.5% since the beginning of the year versus the S&P 500's gain of 7.1%. What's Next for McEwen? While McEwen has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for McEwen was favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.25 on $68.7 million in revenues for the coming quarter and $0.01 on $229.73 million in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Mining - Miscellaneous is currently in the bottom 38% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Wheaton Precious Metals Corp. (WPM), another stock in the same industry, has yet to report results for the quarter ended June 2025. The results are expected to be released on August 7. This company is expected to post quarterly earnings of $0.58 per share in its upcoming report, which represents a year-over-year change of +75.8%. The consensus EPS estimate for the quarter has been revised 9.7% higher over the last 30 days to the current level. Wheaton Precious Metals Corp.'s revenues are expected to be $467.71 million, up 56.4% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report McEwen Inc. (MUX) : Free Stock Analysis Report Wheaton Precious Metals Corp. (WPM) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

McEwen Q2 2025 Results Conference Call
McEwen Q2 2025 Results Conference Call

Associated Press

time04-08-2025

  • Business
  • Associated Press

McEwen Q2 2025 Results Conference Call

TORONTO, Aug. 04, 2025 (GLOBE NEWSWIRE) -- McEwen Inc. (NYSE: MUX) (TSX: MUX) ('McEwen', 'MUX' or the 'Company') invites you to join our conference call following the release of our Q2 2025 financial results. The call will take place on Thursday, August 7, 2025 at 11:00 AM EDT. Management will discuss our financial results and project developments and follow with a question-and-answer session. Participants can ask questions directly over the phone during the webcast. An archived replay of the webcast will be available approximately two hours after the conclusion of the live event. Access the replay on the Company's media page at ABOUT MCEWEN McEwen provides its shareholders with exposure to gold, copper and silver in the Americas through three operating mines located in the USA, Canada, and Argentina, as well as its large, advanced-stage copper development project in Argentina. The Company also owns a gold and silver mine currently on care and maintenance in Mexico. Its Los Azules copper project is designed to become one of the world's first regenerative copper mines, with a commitment to achieving carbon neutrality by 2038. Rob McEwen, Chairman and Chief Owner, has personally invested US$205 million in the companies and takes a salary of $1 per year. He is a recipient of the Order of Canada and a member of the Canadian Mining Hall of Fame. His objective is to build shareholder value and establish a dividend, as he did while building Goldcorp Inc. McEwen's shares are publicly traded on the New York Stock Exchange (NYSE) and the Toronto Stock Exchange (TSX) under the symbol 'MUX'. CAUTION CONCERNING FORWARD-LOOKING STATEMENTS This news release contains certain forward-looking statements and information, including 'forward-looking statements' within the meaning of the Private Securities Litigation Reform Act of 1995. The forward-looking statements and information expressed, as at the date of this news release, McEwen Inc.'s (the 'Company') estimates, forecasts, projections, expectations or beliefs as to future events and results. Forward-looking statements and information are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management, are inherently subject to significant business, economic and competitive uncertainties, risks and contingencies, and there can be no assurance that such statements and information will prove to be accurate. Therefore, actual results and future events could differ materially from those anticipated in such statements and information. Risks and uncertainties that could cause results or future events to differ materially from current expectations expressed or implied by the forward-looking statements and information include, but are not limited to, fluctuations in the market price of precious metals, mining industry risks, political, economic, social and security risks associated with foreign operations, the ability of the Company to receive or receive in a timely manner permits or other approvals required in connection with operations, risks associated with the construction of mining operations and commencement of production and the projected costs thereof, risks related to litigation, the state of the capital markets, environmental risks and hazards, uncertainty as to calculation of mineral resources and reserves, foreign exchange volatility, foreign exchange controls, foreign currency risk, and other risks. Readers should not place undue reliance on forward-looking statements or information included herein, which speak only as of the date hereof. The Company undertakes no obligation to reissue or update forward-looking statements or information as a result of new information or events after the date hereof except as may be required by law. See McEwen Inc.'s Annual Report on Form 10-K for the fiscal year ended December 31, 2024, and other filings with the Securities and Exchange Commission, under the caption 'Risk Factors', for additional information on risks, uncertainties and other factors relating to the forward-looking statements and information regarding the Company. All forward-looking statements and information made in this news release are qualified by this cautionary statement. The NYSE and TSX have not reviewed and do not accept responsibility for the adequacy or accuracy of the contents of this news release, which has been prepared by the management of McEwen. Want News Fast? Subscribe to our email list by clicking here: and receive news as it happens!!

One of Mexico City's top chefs is now cooking in Sydney – but not for long
One of Mexico City's top chefs is now cooking in Sydney – but not for long

Time Out

time27-06-2025

  • Entertainment
  • Time Out

One of Mexico City's top chefs is now cooking in Sydney – but not for long

Santa Catarina – Sydney's high-end Mexican restaurant and mezcal bar and sibling to Bondi's Carbón – is currently hosting renowned Mexican chef Diana López del Río for a short-term residency. The owner and head chef of MUX in Mexico City – once recognised by Eater as one of the city's essential dining spots – Diana brings with her two decades of experience and an incredible gift of storytelling through food. Don't come expecting a burrito. Diana specialises in regional Mexican cuisine – food like nothing else you'll find in Sydney right now. Mark this down: On Wednesday, July 2, Santa Catarina will be offering a one-off special tasting menu experience by Diana for lunch and dinner, where she will guide you through each course, giving you insight into her culture and heritage – complete with matching drinks, live music and Diana's signature mole that takes two days to prepare and features more than 30 ingredients. 'This is not Tex-Mex. This is not Baja. This is Oaxacan food, the way it's made at home, by hands that remember,' says Diana. 'Every dish is a story not just of flavour, but of survival, identity and resistance.' Can't make Wednesday? No worries. Diana's menu will be available to the public at Santa Catarina from July 7. Enjoy things like chalupitas de pato (lightly fried corn tortillas with duck); verduras y queso en escabeche (zippy pickled vegetables and cheese); pink snapper con mole alcaparrado (snapper served with a tangy caper mole); pollo al mezcal (mezcal-marinated chicken); sope Ayala (a thick corn tortilla loaded with salsa and beans); and calabaza en dulce (a traditional dessert featuring candied pumpkin). We got a sneak peek and can say Diana's food is vibrant, rich and spectacular. Of course, a nip or two of mezcal is not mandatory, but it's encouraged. Find out more and book your seat at the table here.

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