McEwen Mining is a gold and silver producer focused in the Americas, with operations in Canada, the U.S., and Argentina, plus a large copper development project in Argentina. McEwen produces gold and silver from three platforms: the Fox Complex in Ontario (underground mining feeding the Stock mill), the Gold Bar Mine Complex in Nevada (open-pit heap leach), and the San José Mine in Argentina (a high-grade underground silver and gold mine operated by Hochschild in which McEwen holds a 49% interest). San José is McEwen's largest single source of production, contributing roughly half of the company's ~116,000 attributable gold equivalent ounces (GEOs) produced in FY25. McEwen sells gold and silver as doré bars to refiners at spot prices, with no pricing power — profitability is driven by metal prices, production volumes, and all-in sustaining costs. McEwen's flagship growth asset is Los Azules, a large-scale pre-production open-pit copper project in San Juan, Argentina, held through McEwen Copper, a separately capitalized subsidiary in which McEwen holds a 46.3% interest. Los Azules has 4.7 billion pounds of proven and probable copper reserves and a published feasibility study supporting a $2.9B after-tax NPV. McEwen plans to take McEwen Copper public via an IPO to fund development, targeting first production around 2030. McEwen's stated goal is to grow consolidated gold and silver production to 250,000–300,000 GEOs per year by 2030 through the Stock mine ramp in Canada, reprocessing at El Gallo in Mexico, and exploration at Grey Fox in Ontario.