11:31 AM EDT, 03/18/2025 (MT Newswires) -- (Updates shares.)

McEwen Mining ( MUX ) on Tuesday reported it swung to a positive adjusted EBITDA in the fourth quarter.

Adjusted EBITDA was US$5.2 million, or US$0.10 per share, swinging from a loss of US$4.9 million, or a loss of US$0.10 per share.

Consolidated production in 2024 was 135,884 gold equivalent ounces, down from 154,587 gold equivalent ounces and in line with the full-year 2024 guidance of 130,000-145,000 gold equivalent ounces.

The company expects to produce 120,000-140,000 gold equivalent ounces in 2025.

McEwen shares were last seen up $0.70 to $11.45 on the Toronto Stock Exchange.

Price: 11.45, Change: +0.70, Percent Change: +6.51