McEwen Mining Inc. is a precious metals producer with operations and exploration projects spanning the Americas. The company's primary business model revolves around the extraction and sale of gold and silver, which generate the entirety of its consolidated revenue. McEwen Mining's key operating assets include the 100%-owned Gold Bar mine in Nevada and the Fox Complex in Ontario, Canada. The company also holds a 49% interest in the San José gold and silver mine in Argentina, which is operated by Hochschild Mining, and a 100% interest in the Fenix project in Mexico.
In 2024, the company generated $174.5 million in consolidated revenue, driven by gold and silver sales from the Gold Bar mine ($105.1 million) and the Fox Complex ($67.8 million). The San José mine contributed an additional $152.1 million in revenue on a 49% attributable basis, though this is accounted for using the equity method. Beyond its precious metals operations, McEwen Mining holds a significant stake (approximately 46%) in McEwen Copper Inc., a subsidiary advancing the Los Azules copper deposit in San Juan, Argentina. Los Azules is considered one of the world's largest undeveloped copper projects and represents a major strategic growth avenue for the company as it seeks to capitalize on the growing global demand for electrification metals. The company was founded by Robert McEwen, who remains the Chairman, CEO, and largest individual shareholder.
