McEwen Inc. (MUX) Q1 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:04.175 and answer session. If you would like to ask a question during this time, simply press 00:00:04.175 -- 00:00:07.138 star followed by the number one on your telephone keypad. 00:00:07.138 -- 00:00:10.842 If you would like to withdraw your question, again press star one. 00:00:10.842 -- 00:00:14.065 I will now turn the call over to Mr. Rob McEwen, chief owner. 00:00:14.065 -- 00:00:16.067 Please go ahead, sir. 00:00:16.067 -- 00:00:18.089 Thank you, operator. 00:00:18.089 -- 00:00:23.695 Good morning and welcome, fellow shareholders, analysts, and interested investors. 00:00:23.695 -- 00:00:25.637 Year-to-date, 2025 00:00:25.637 -- 00:00:31.132 has been an eventful year for us. with the higher prices of gold, silver, and copper 00:00:31.132 -- 00:00:34.573 brightening the outlook for our operation. 00:00:35.075 -- 00:00:40.620 We've increased our liquidity by using a financial instrument called a capped 00:00:40.620 -- 00:00:43.203 call convertible note. 00:00:43.203 -- 00:00:45.024 This instrument 00:00:45.024 -- 00:00:50.269 allowed us to reduce potential share dilution by setting an 00:00:50.269 -- 00:00:53.512 effective conversion price at 100% 00:00:53.512 -- 00:00:58.114 premium to our share price at the time of the transaction. 00:00:58.402 -- 00:01:05.167 The majority of these funds will be used to advance the development of our fox complex, 00:01:05.210 -- 00:01:10.375 and we expect that once this work's completed and the stock and gray fox mines 00:01:10.375 -- 00:01:17.020 are in production, our consolidated annual production in 2030 00:01:17.163 -- 00:01:20.787 could reach as high as 225,000 to 255,000 ounces. 00:01:20.787 -- 00:01:22.787 This 00:01:24.111 -- 00:01:29.614 represents an increase of over 80% above our curre...