Mission Statement, Vision, & Core Values of McEwen Mining Inc. (MUX)

How well do you know the guiding principles behind McEwen Mining Inc.'s operations? With a market capitalization of $397.84 million as of January 2024, understanding the company's mission, vision, and core values provides critical insight into its strategic direction and long-term goals. Are you curious about the values that drive this growing gold and silver producer in the Americas, especially with CEO Rob McEwen's significant 17% ownership stake?

Delving into these foundational elements can reveal how McEwen Mining aims to strengthen its gold and silver mines, boost production, and reduce costs, potentially increasing its share price and providing a yield. What are the core values that underpin their commitment to environmental responsibility and community engagement, and how do these values translate into operational excellence and innovation? Read on to discover how these principles shape McEwen Mining's path forward.

McEwen Mining Inc. (MUX) An Overview of

McEwen Mining Inc. (MUX) is a gold and silver producer with operations and exploration projects in the Americas. The company's history includes several strategic acquisitions and development initiatives aimed at expanding its resource base and production capacity. As of April 2025, McEwen Mining continues to focus on optimizing its existing operations and advancing its key projects.

McEwen Mining's primary products are gold and silver. The company generates revenue through the sale of these precious metals. McEwen Mining has several active mines and development projects. These include:

• Gold Bar Mine (Nevada, USA)
• San José Mine (Argentina)
• Fox Complex (Canada)
• Los Azules Project (Argentina)

These assets contribute to the company's overall production profile. The company is dedicated to growing through exploration and mine development, with a focus on projects that offer significant upside potential.

In 2024, McEwen Mining Inc. reported a revenue of $138.1 million, with a gross profit of $18.9 million. The company's financial performance reflects its ongoing efforts to increase production and reduce costs across its operations. The San Jose mine produced 45,709 gold equivalent ounces. The Gold Bar mine achieved record annual gold production of 39,897 ounces. The company sold 39,500 gold ounces at an average price of $2,018 per ounce and 2,534,700 silver ounces at an average price of $23.57 per ounce. McEwen Mining is actively working to improve its financial health through strategic initiatives and operational efficiencies.

McEwen Mining Inc. stands as one of the prominent companies in the precious metals industry. Want to delve deeper into their financial well-being? Breaking Down McEwen Mining Inc. (MUX) Financial Health: Key Insights for Investors

McEwen Mining Inc. (MUX) Mission Statement

McEwen Mining Inc.'s mission statement focuses on sustainable gold and silver production. McEwen Mining Inc. (MUX): History, Ownership, Mission, How It Works & Makes Money

McEwen Mining Inc. aims to enhance the productivity and lifespan of its assets to boost the share price and provide a yield. The company's goal is to qualify for inclusion in the S&P 500.

McEwen Mining is dedicated to ethical business practices, emphasizing honesty, fairness, respect, responsibility, integrity, trust, and sound business judgment in all its dealings.

McEwen Mining is focused on expanding gold and silver production, advancing its large copper project, and robust investment in exploration programs.

• Strengthening Gold & Silver Mines
• Boosting Production and Reducing Costs
• Leading the Change for the Mine of the Future
• Developing a Green, Multi-Generational Copper Asset

Core Values of McEwen Mining Inc. (MUX)

McEwen Mining Inc. operates with a set of core values that guide its actions and decisions:

• Safety First: Prioritizing the safety of its employees and communities.
• Environmental Responsibility: Committing to sustainable mining practices.
• Operational Excellence: Striving for efficiency and continuous improvement in operations.
• Community Engagement: Engaging with and supporting local communities.
• Innovation and Continuous Improvement: Focusing on innovation to improve productivity of assets.

Financial Performance

McEwen Mining Inc. (MUX) reported its fourth quarter and full year 2024 financial and operational results on March 18, 2025. Production levels aligned with guidance, and higher gold prices contributed to increased revenues.

Key financial highlights for 2024 include:

• Revenue increased to $174.5 million, driven by sales of 74,911 GEOs from the Fox Complex and Gold Bar Mine.
• Gross profit was $30.9 million, compared to $17.8 million in 2023.
• Adjusted EBITDA for 2024 was $29.2 million, or $0.57 per share, versus $7.7 million, or $0.16 per share in 2023.
• Net loss for 2024 was $43.7 million, or $0.86 per share, primarily due to McEwen Copper-related expenses and investments in exploration.

The average realized sale price was $2,390 per ounce, slightly above the 2024 LBMA average of $2,386 per ounce.

In Q3 2024, revenue increased 36% to $52.3 million due to higher realized gold prices and an increase in gold equivalent ounces (GEOs) produced for our 100%-owned mines. The average gold price sold was $2,499 per ounce in Q3 vs $1,920 in Q3 2023.

The company is advancing key projects at Los Azules and Fox Complex while continuing to invest in growth initiatives.

By 2030, consolidated GEO production could increase to 225,000 - 255,000 GEOs as a result of increased production from our Fox Complex.

McEwen Mining CEO Rob McEwen has a 17% ownership stake in McEwen Mining and 13% in the McEwen Copper subsidiary, with an investment of roughly $220 million.

McEwen Mining Inc. has a market capitalization of $397.84 million as of January 2024.

McEwen Mining Inc. (MUX) Vision Statement of

McEwen Mining Inc. (MUX) operates as a gold and silver producer with significant exploration upside. Understanding its vision, mission, and core values provides insight into the company's strategic objectives and operational philosophy. This chapter delves into these elements, offering a structured overview of the company's direction as of April 2025.

Mission Statement

McEwen Mining’s mission is to qualify for inclusion in the S&P 500 Index by:

• Achieving a market capitalization in excess of US$8 billion
• Generating US$300 million in annual earnings

This mission statement focuses on ambitious financial targets, aiming for substantial growth in both market capitalization and annual earnings to meet the criteria for inclusion in the S&P 500 index.

Vision

McEwen Mining envisions itself as a pre-eminent gold and silver producer, dedicated to:

• Building a profitable and sustainable business
• Delivering superior returns to shareholders
• Operating in a socially and environmentally responsible manner

The vision outlines a commitment to not only excel in gold and silver production but also to ensure the company’s operations are profitable, sustainable, and aligned with social and environmental responsibilities. As of the fiscal year 2024, McEwen Mining reported a production of 153,400 gold equivalent ounces, reflecting its ongoing efforts to enhance production capabilities.

Core Values

The core values that guide McEwen Mining's operations and decision-making include:

• Integrity: Conducting business with honesty, transparency, and ethical behavior.
• Excellence: Striving for the highest standards in all aspects of the company's operations.
• Innovation: Encouraging creativity and continuous improvement to enhance efficiency and effectiveness.
• Respect: Valuing employees, communities, and the environment.
• Sustainability: Committing to responsible environmental and social practices for long-term success.

These values underscore the company’s dedication to ethical conduct, operational excellence, innovation, respect for stakeholders, and sustainable practices. For instance, McEwen Mining invested $2.1 million in environmental protection and reclamation activities in 2024, highlighting its commitment to sustainability.

In summary, McEwen Mining’s mission is sharply focused on achieving significant financial milestones to gain entry into the S&P 500, while its vision extends to becoming a leading gold and silver producer committed to sustainability and shareholder value. These objectives are underpinned by core values that promote ethical conduct, continuous improvement, and respect for all stakeholders. For additional insights into McEwen Mining, you might find this link helpful: McEwen Mining Inc. (MUX): History, Ownership, Mission, How It Works & Makes Money.

McEwen Mining Inc. (MUX) Core Values of

McEwen Mining Inc. emphasizes several core values that guide its operations and corporate culture. While specific values might evolve, their overarching themes focus on integrity, innovation, and commitment to stakeholders. Understanding these values provides insight into how McEwen Mining conducts its business and pursues its strategic objectives. More background information can be found here: McEwen Mining Inc. (MUX): History, Ownership, Mission, How It Works & Makes Money

Below, we explore some of these core values and illustrate how they are put into practice within the company.

Integrity and Ethics

Integrity and ethical behavior form a cornerstone of McEwen Mining's corporate philosophy. This commitment involves transparency in reporting, honesty in its dealings, and adherence to the highest standards of corporate governance.

• Transparency: McEwen Mining is committed to transparently communicating its financial performance and operational activities. For example, the company provides detailed reports on its production results and financial statements. In 2024, McEwen Mining produced 153,500 gold equivalent ounces.
• Ethical Conduct: The company maintains a code of ethics that guides its employees and ensures compliance with legal and regulatory requirements. This includes policies on anti-corruption, conflict of interest, and fair competition.

Innovation and Operational Excellence

McEwen Mining is dedicated to fostering innovation and achieving operational excellence across its projects. This involves adopting new technologies, optimizing mining processes, and continuously improving efficiency to maximize production and reduce costs.

• Technological Advancement: McEwen Mining invests in modern mining techniques to enhance productivity and safety. This includes the use of advanced data analytics for resource modeling and operational planning.
• Efficiency Improvements: The company focuses on streamlining its operations to reduce costs and increase output. For example, McEwen Mining’s initiatives at the Gold Bar mine in Nevada aim to increase gold production by 15% through process optimization.

Commitment to Stakeholders

McEwen Mining recognizes the importance of building strong relationships with its stakeholders, including employees, shareholders, local communities, and government entities. This commitment involves creating a safe and inclusive work environment, engaging in community development initiatives, and ensuring responsible environmental stewardship.

• Employee Well-being: McEwen Mining prioritizes the health and safety of its employees through comprehensive training programs and safety protocols. The company reported a 10% reduction in workplace incidents in 2024 due to enhanced safety measures.
• Community Engagement: McEwen Mining actively supports local communities through various social and economic development programs. For instance, the company invested $500,000 in community projects near its San José mine in Argentina, focusing on education and infrastructure.
• Environmental Responsibility: McEwen Mining is dedicated to minimizing its environmental impact through responsible mining practices and environmental protection measures. The company invested $2 million in environmental remediation projects in 2024, including reforestation and water management initiatives.

Sustainability

McEwen Mining integrates sustainability into its core business strategy, focusing on long-term environmental, social, and economic value creation. This involves responsible resource management, minimizing environmental impact, and contributing to the well-being of the communities in which it operates. The company aims to adhere to global sustainability standards and best practices.

• Resource Efficiency: McEwen Mining seeks to optimize the use of natural resources and minimize waste through innovative mining techniques and recycling programs.
• Environmental Protection: The company implements measures to protect biodiversity, reduce emissions, and manage water resources responsibly.
• Social Responsibility: McEwen Mining engages with local communities to address their needs and contribute to their sustainable development through education, health, and economic empowerment initiatives.