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.

Price · MUX

1Y 3Y 5Y Max

Annual Quarterly

Income Statement

Line item	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Revenue	$197.55M	$174.48M	$166.23M	$110.42M	$136.54M	$104.79M
Cost of Revenue	-	-	-	-	-	-
Gross Profit	$47.56M	$30.93M	$17.78M	($544.0K)	($6.48M)	($26.95M)
R&D	-	-	-	-	-	-
SG&A	$26.70M	$17.16M	$15.45M	$11.89M	$11.44M	$9.20M
Total Operating Expenses	$44.91M	$81.51M	$179.84M	$94.89M	$57.80M	$126.23M
D&A	$27.85M	$30.86M	$19.53M	-	-	-
Operating Income	$2.65M	($50.57M)	($162.06M)	($95.44M)	($64.28M)	($153.17M)
Interest Expense	-	-	-	-	-	-
Income Tax	($27.48M)	($3.05M)	$33.86M	$5.81M	($7.32M)	($1.39M)
Net Income	$34.43M	($43.69M)	$55.30M	($81.08M)	($56.71M)	($152.32M)
EPS - Basic	$0.64	($0.86)	$1.16	($1.71)	($3.80)	-
EPS - Diluted	$0.59	($0.86)	$1.16	($1.71)	($3.80)	-

Balance Sheet

Line item	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Cash & Equivalents	$51.02M	$13.69M	$23.02M	$39.78M	$54.29M	$20.84M
Accounts Receivable	-	-	-	-	-	-
Inventory	$26.84M	$18.11M	$19.94M	$31.73M	$15.79M	$26.96M
Accounts Payable	-	-	-	-	-	-
Current Assets	$107.89M	$41.19M	$52.66M	$81.65M	$85.03M	$53.50M
Total Assets	$820.22M	$664.62M	$657.24M	$528.72M	$525.34M	$499.94M
Current Liabilities	$63.81M	$47.69M	$30.00M	$84.19M	$52.40M	$45.55M
Long-term Debt	$126.17M	$40.00M	$40.00M	$53.98M	$48.87M	$24.08M
Total Liabilities	$273.98M	$169.65M	$154.82M	$172.44M	$135.40M	$134.61M
Stockholders' Equity	$546.24M	$494.98M	$502.42M	$356.27M	$389.94M	$365.33M
Retained Earnings	($1.28B)	($1.31B)	($1.27B)	($1.32B)	($1.24B)	($1.18B)

Cash Flow

Line item	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Operating Cash Flow	$6.87M	$29.45M	($39.64M)	($58.61M)	($20.22M)	($27.87M)
Investing Cash Flow	($48.03M)	($58.05M)	($99.64M)	($23.90M)	($24.56M)	($11.77M)
Financing Cash Flow	$78.73M	$19.20M	$172.18M	$65.45M	$80.98M	$17.58M
CapEx	-	-	-	-	-	-
Free Cash Flow	-	-	-	-	-	-

Ratios

Metric	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Profitability
Gross margin	24.1%	17.7%	10.7%	-0.5%	-4.7%	-25.7%
Operating margin	1.3%	-29.0%	-97.5%	-86.4%	-47.1%	-146.2%
EBITDA margin	15.4%	-11.3%	-85.7%	-	-	-
Net margin	17.4%	-25.0%	33.3%	-73.4%	-41.5%	-145.4%
Free cash flow margin	-	-	-	-	-	-
FCF / Net income	-	-	-	-	-	-
R&D / Revenue	-	-	-	-	-	-
SG&A / Revenue	13.5%	9.8%	9.3%	10.8%	8.4%	8.8%
Effective tax rate	-395.5%	-	38.0%	-	-	-
Return on assets	4.2%	-6.6%	8.4%	-15.3%	-10.8%	-30.5%
Return on equity	6.3%	-8.8%	11.0%	-22.8%	-14.5%	-41.7%
Return on invested capital	0.4%	-7.5%	-18.5%	-18.4%	-11.6%	-31.1%
Liquidity
Current ratio	1.69	0.86	1.76	0.97	1.62	1.17
Quick ratio	1.27	0.48	1.09	0.59	1.32	0.58
Cash ratio	0.80	0.29	0.77	0.47	1.04	0.46
Leverage
Debt / Equity	0.23	0.08	0.08	0.15	0.13	0.07
Debt / Assets	0.15	0.06	0.06	0.10	0.09	0.05
Debt / EBITDA	4.14	-	-	-	-	-
Interest coverage	-	-	-	-	-	-
Equity multiplier	1.50	1.34	1.31	1.48	1.35	1.37
Liabilities / Assets	0.33	0.26	0.24	0.33	0.26	0.27
Efficiency
Asset turnover	0.24	0.26	0.25	0.21	0.26	0.21
Inventory turnover	-	-	-	-	-	-
Days sales outstanding	-	-	-	-	-	-
Days inventory outstanding	-	-	-	-	-	-
Days payable outstanding	-	-	-	-	-	-
Cash conversion cycle	-	-	-	-	-	-
Valuation
P / E	31.4x	-	6.2x	-	-	-
P / B	2.2x	0.8x	0.7x	0.8x	10.3x	10.9x
P / S	6.1x	2.3x	2.1x	2.5x	29.6x	37.9x
EV / EBITDA	42.2x	-	-	-	-	-
Growth
Revenue growth (YoY)	13.2%	5.0%	50.5%	-19.1%	30.3%	-10.5%
Revenue CAGR (3y)	21.4%	8.5%	16.6%	-1.9%	2.0%	15.7%
Revenue CAGR (5y)	13.5%	8.3%	5.2%	10.3%	17.7%	7.5%
Gross profit growth (YoY)	53.8%	74.0%	-	91.6%	76.0%	-
Operating income growth (YoY)	-	68.8%	-69.8%	-48.5%	58.0%	-139.7%
Net income growth (YoY)	-	-	-	-43.0%	62.8%	-155.0%
EPS growth (YoY)	-	-	-	55.0%	-	-
EPS CAGR (3y)	-	-	-	-	-	-
EPS CAGR (5y)	-	-	-	-	-	-
FCF growth (YoY)	-	-	-	-	-	-
FCF CAGR (5y)	-	-	-	-	-	-
Book value growth (YoY)	10.4%	-1.5%	41.0%	-8.6%	6.7%	-26.9%

Sales by segment

From XBRL dimensional facts in the 10-K period ending 2025-12-31.

Business segments

$197.55M total

United States Reportable Segment$116.71M · 59.1%

Canada Reportable Segment$76.04M · 38.5%

Mexico Reportable Segment$4.81M · 2.4%

Geographic

$197.55M total

US$116.71M · 59.1%

CA$76.04M · 38.5%

MX$4.81M · 2.4%

Stability scores

Altman Z′

FY 2025 · bankruptcy risk

-0.19

Distress

Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.

Piotroski F-score

FY 2025 · 9-point quality

5/9

Neutral

✓Net income positive
✓Operating cash flow positive
✓ROA improved YoY
✗Cash flow > net income
✗Long-term debt decreased
✓Current ratio improved
✗No share dilution
✓Gross margin improved
✗Asset turnover improved

Peer comparison

Same SIC group: Gold and Silver Ores

Company	Revenue (last FY)	Net margin	ROE
NEM	$22.67B	31.3%	20.9%
NG	$0	-	-57.8%
PPTA	-	-	-11.7%
CDE	$2.07B	28.3%	17.7%
TMQ	-	-	-34.0%

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