MUX:CC - McEwen Mining GAAP EPS of -$0.04 misses by $0.03 revenue of $25.54M misses by $14.15M

McEwen Mining press release (NYSE:MUX): Q1 GAAP EPS of -$0.04 misses by $0.03. Revenue of $25.54M (+7.6% Y/Y) misses by $14.15M. Gold and silver production each decreased by 36% in Q1/22, compared to Q1/21. The decrease is attributed to a decrease in processed mineralized material coupled with lower processed silver grades. Operations in Q1/22 were limited due to decreased staffing availability due to COVID-19. Cash costs in Q1/22 decreased by $4.6 million, or 13%, compared to Q1/21. All-in sustaining cost GEO sold in Q1/22 of $2,103/oz increased compared to the $1,328/oz incurred in Q1/21 due to sustaining capitalized underground mine development and due to the lower production of gold and silver ounces in Q1/22, as compared to Q1/21.

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McEwen Mining GAAP EPS of -$0.04 misses by $0.03, revenue of $25.54M misses by $14.15M