Q2 2024 McEwen Mining Inc Earnings Call Transcript

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Aug 08, 2024

Aug 08, 2024 / 03:00PM GMT
Operator

Hello, ladies and gentlemen, and welcome to McEwen Mining's second quarter 2024 operating and financial results conference call. Presenting from the company today, Rob McEwen, Chairman and Chief Owner; William Shaver, Chief Operating Officer; Perry Ing, Chief Financial Officer; Jeff Chan, Vice President, Finance; Stefan Spears, Vice President, Corporate Development; Michael Meding, Vice President and General Manager of McEwen Copper; and Carmen Diges, General Counsel and Secretary.

(Operator Instructions)

Again, I'd now like to turn the call over to Mr. Rob McEwen, Chief Owner. Please go ahead, sir.

Rob McEwen - McEwen Mining Inc - Chairman & Chief Owner

Thank you very much, operator. Good morning and welcome, ladies and gentlemen. It was a quarter we've all been waiting to see. It was our most profitable quarter since 2016. It was a quarter where our gross profit was $10.8 million and adjusted EBITDA of $7.2 million versus losses recorded in the second quarter of last year. It was a quarter of improved financial liquidity. Our cash was up

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