McEwen Inc. Investigation - MUX

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McEwen Inc. (NYSE: MUX)

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McEwen Inc. Investigation Details

McEwen Inc. shares dropped 18.39% following the release of weaker-than-expected third-quarter financial results. The company reported a net loss of $36.7 million, or $0.60 per share, missing analyst expectations for positive earnings as revenue fell roughly 14% year over year to $43.6 million. The decline was driven by lower gold production and a 29% drop in gold-equivalent ounces sold due to operational and weather-related challenges across several mines.

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