McEwen Inc. (MUX) Q2 2023 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello, ladies and gentlemen. Welcome to McEwen Mining's Q2 2023 Operating and Financial Results Conference Call. Present from the company today are Rob McEwen, Chairman and Chief Owner, Perry Ng, Chief Financial Officer, William Shaver, Chief Operating Officer, Michael Medding, Vice President and General Manager of McEwen Copper, Carmen Diaz, General Counsel and Secretary Jeff Chan, Vice President of Finance. After the speaker's presentation, there will be a question and answer session. If you would like to ask a question during this time, simply press star followed by the number one on your telephone keypad. If you would like to withdraw your question, again, press the star one. I will now turn the call over to Mr. Rob McEwen, Chief Owner. Please go ahead, sir. Thank you, Operator. Good morning and welcome, ladies and gentlemen. Today I'll be discussing the highlights of our operating and financial results in Q2 and the first half of this year, as well as our expectations for the balance of the year. Our press release of this morning discusses these matters in greater detail, and members of senior management are on the line to answer your questions. As many of you are aware, our gold and silver assets had a weak start for the year, while activities at McEwen Copper's Los Azules project were running at a rapid pace. I'm pleased to say that our mines delivered better results in Q2 than Q1, and the outlook for the second half of the year is significantly better. But I'd like to share with you the highlights of the first quarter. this quarter that's passed, second quarter. One, the Fox Complex generated gross profits of $6 million and is expected to deliver on our guidance. The San Jose performance was much stronger in Q2 than in Q1, and it too is expected to deliver on...