MUX · McEwen Mining Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $74.05M | - | $50.53M | $46.70M | $35.70M | - | $52.25M | $47.48M | $41.23M | - |
| Cost of Revenue | - | - | $35.23M | $27.73M | $25.11M | - | $29.68M | - | - | - |
| Gross Profit | $31.50M | - | $7.82M | $12.28M | $10.07M | - | $13.80M | $10.76M | $6.01M | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $9.46M | - | $6.07M | $5.05M | $3.37M | - | $2.14M | $4.46M | $4.07M | - |
| Total Operating Expenses | ($9.75M) | - | $16.25M | $15.66M | $17.71M | - | $13.90M | $24.70M | $27.99M | - |
| D&A | $7.08M | - | - | - | $6.17M | - | - | - | $7.44M | - |
| Operating Income | $41.24M | - | ($8.43M) | ($3.38M) | ($7.64M) | - | ($97.0K) | ($13.95M) | ($21.98M) | - |
| Interest Expense | - | - | - | - | - | - | - | - | - | - |
| Income Tax | ($174.0K) | - | ($1.27M) | ($1.11M) | ($1.08M) | - | $814.0K | ($2.38M) | ($2.56M) | - |
| Net Income | $33.38M | - | ($462.0K) | $3.04M | ($6.27M) | - | ($2.08M) | ($12.99M) | ($20.38M) | - |
| EPS - Basic | $0.56 | - | ($0.01) | $0.06 | ($0.12) | - | ($0.04) | ($0.26) | ($0.41) | - |
| EPS - Diluted | $0.47 | - | ($0.01) | $0.06 | ($0.12) | - | ($0.04) | ($0.26) | ($0.41) | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $56.53M | $51.02M | $51.25M | $53.55M | $68.51M | $13.69M | $29.23M | $40.69M | $21.99M | $23.02M |
| Accounts Receivable | $9.22M | - | - | - | - | - | - | - | - | - |
| Inventory | $31.36M | $26.84M | $29.51M | $24.13M | $20.74M | $18.11M | $21.93M | $19.99M | $19.87M | $19.94M |
| Accounts Payable | - | - | - | - | - | - | - | - | - | - |
| Current Assets | $109.82M | $107.89M | $119.37M | $107.67M | $106.40M | $41.19M | $59.57M | $72.15M | $52.02M | $52.66M |
| Total Assets | $972.60M | $820.22M | $747.64M | $735.62M | $730.60M | $664.62M | $667.79M | $645.14M | $638.72M | $657.24M |
| Current Liabilities | $96.67M | $63.81M | $56.77M | $45.85M | $45.26M | $47.69M | $50.94M | $43.02M | $37.91M | $30.00M |
| Long-term Debt | $123.37M | $126.17M | $125.97M | $125.77M | $125.53M | $40.00M | $40.00M | $40.00M | $40.00M | $40.00M |
| Total Liabilities | $320.64M | $273.98M | $259.08M | $251.14M | $250.76M | $169.65M | $165.69M | $159.93M | $156.21M | $154.82M |
| Stockholders' Equity | $651.96M | $546.24M | $488.56M | $484.48M | $479.84M | $494.98M | $502.10M | $485.21M | $482.51M | $502.42M |
| Retained Earnings | ($1.24B) | ($1.28B) | ($1.31B) | ($1.31B) | ($1.32B) | ($1.31B) | ($1.30B) | ($1.30B) | ($1.29B) | ($1.27B) |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $12.10M | - | - | - | ($1.93M) | - | - | - | $3.88M | - |
| Investing Cash Flow | ($21.04M) | - | - | - | ($13.59M) | - | - | - | ($4.58M) | - |
| Financing Cash Flow | $14.54M | - | - | - | $70.51M | - | - | - | ($142.0K) | - |
| CapEx | - | - | - | - | - | - | - | - | - | - |
| Free Cash Flow | - | - | - | - | - | - | - | - | - | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 42.5% | - | 15.5% | 26.3% | 28.2% | - | 26.4% | 22.7% | 14.6% | - |
| Operating margin | 55.7% | - | -16.7% | -7.2% | -21.4% | - | -0.2% | -29.4% | -53.3% | - |
| EBITDA margin | 65.3% | - | - | - | -4.1% | - | - | - | -35.3% | - |
| Net margin | 45.1% | - | -0.9% | 6.5% | -17.6% | - | -4.0% | -27.4% | -49.4% | - |
| Free cash flow margin | - | - | - | - | - | - | - | - | - | - |
| FCF / Net income | - | - | - | - | - | - | - | - | - | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 12.8% | - | 12.0% | 10.8% | 9.4% | - | 4.1% | 9.4% | 9.9% | - |
| Effective tax rate | -0.5% | - | - | -57.6% | - | - | - | - | - | - |
| Return on assets | 3.4% | - | -0.1% | 0.4% | -0.9% | - | -0.3% | -2.0% | -3.2% | - |
| Return on equity | 5.1% | - | -0.1% | 0.6% | -1.3% | - | -0.4% | -2.7% | -4.2% | - |
| Return on invested capital | 5.3% | - | -1.1% | -0.6% | -1.0% | - | -0.0% | -2.1% | -3.3% | - |
| Liquidity | ||||||||||
| Current ratio | 1.14 | 1.69 | 2.10 | 2.35 | 2.35 | 0.86 | 1.17 | 1.68 | 1.37 | 1.76 |
| Quick ratio | 0.81 | 1.27 | 1.58 | 1.82 | 1.89 | 0.48 | 0.74 | 1.21 | 0.85 | 1.09 |
| Cash ratio | 0.58 | 0.80 | 0.90 | 1.17 | 1.51 | 0.29 | 0.57 | 0.95 | 0.58 | 0.77 |
| Leverage | ||||||||||
| Debt / Equity | 0.19 | 0.23 | 0.26 | 0.26 | 0.26 | 0.08 | 0.08 | 0.08 | 0.08 | 0.08 |
| Debt / Assets | 0.13 | 0.15 | 0.17 | 0.17 | 0.17 | 0.06 | 0.06 | 0.06 | 0.06 | 0.06 |
| Debt / EBITDA | 2.55 | - | - | - | - | - | - | - | - | - |
| Interest coverage | - | - | - | - | - | - | - | - | - | - |
| Equity multiplier | 1.49 | 1.50 | 1.53 | 1.52 | 1.52 | 1.34 | 1.33 | 1.33 | 1.32 | 1.31 |
| Liabilities / Assets | 0.33 | 0.33 | 0.35 | 0.34 | 0.34 | 0.26 | 0.25 | 0.25 | 0.24 | 0.24 |
| Efficiency | ||||||||||
| Asset turnover | 0.08 | - | 0.07 | 0.06 | 0.05 | - | 0.08 | 0.07 | 0.06 | - |
| Inventory turnover | - | - | 1.19 | 1.15 | 1.21 | - | 1.35 | - | - | - |
| Days sales outstanding | 45d | - | - | - | - | - | - | - | - | - |
| Days inventory outstanding | - | - | 306d | 318d | 301d | - | 270d | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | 43.4x | - | - | 160.2x | - | - | - | - | - | - |
| P / B | 2.3x | - | 1.9x | 1.1x | 0.8x | - | 1.0x | 0.9x | 1.0x | - |
| P / S | 20.0x | - | 18.3x | 11.1x | 11.3x | - | 9.2x | 9.6x | 11.8x | - |
| EV / EBITDA | 32.0x | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 107.4% | - | -3.3% | -1.6% | -13.4% | - | 36.1% | 38.0% | 18.6% | - |
| Revenue CAGR (3y) | 28.7% | - | 24.8% | 15.1% | 11.8% | - | 12.1% | 5.3% | 20.2% | - |
| Revenue CAGR (5y) | 25.5% | - | 13.0% | 20.6% | 2.6% | - | 9.8% | 5.5% | 21.4% | - |
| Gross profit growth (YoY) | 212.8% | - | -43.4% | 14.2% | 67.5% | - | 267.6% | - | 35.3% | - |
| Operating income growth (YoY) | - | - | -8591.8% | 75.8% | 65.2% | - | 99.7% | 67.6% | 48.7% | - |
| Net income growth (YoY) | - | - | 77.8% | - | 69.2% | - | 88.7% | 39.9% | 52.7% | - |
| EPS growth (YoY) | - | - | 75.0% | - | 70.7% | - | 89.7% | 43.5% | 54.9% | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 35.9% | 10.4% | -2.7% | -0.2% | -0.6% | -1.5% | 15.7% | 5.0% | -4.5% | 41.0% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$197.55M totalUnited States Reportable Segment$116.71M · 59.1%
Canada Reportable Segment$76.04M · 38.5%
Mexico Reportable Segment$4.81M · 2.4%
Geographic
$197.55M totalUS$116.71M · 59.1%
CA$76.04M · 38.5%
MX$4.81M · 2.4%
Peer comparison
Same SIC group: Gold and Silver Ores
Comparing McEwen Mining Inc. against the 5 most active filers in the same SIC group.
Dividends
$0.00/share trailing 12 months
| Ex-date | Per share |
|---|---|
| Mar 7, 2019 | $0.0500 |
| Aug 24, 2018 | $0.0500 |
| Feb 1, 2018 | $0.0500 |
| Aug 10, 2017 | $0.0500 |
| Feb 1, 2017 | $0.0500 |
| Aug 22, 2016 | $0.0500 |
| Feb 1, 2016 | $0.0500 |
| Jul 29, 2015 | $0.0500 |