McEwen Mining Inc. (MUX) Financial Statements (2025 and earlier)

Company Profile

Business Address SUITE 2800
TORONTO, ON M5H 1J9
State of Incorp. CO
Fiscal Year End December 31
Industry (SIC) 104 - Gold And Silver Ores (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments24,76341,07756,09320,84348,33718,887
Cash and cash equivalents23,02039,78254,28720,84346,45215,756
Short-term investments1,7431,2951,806 1,8853,131
Restricted cash and investments   2,550   
Receivables2,5112,8683,7081,8102,6581,058
Inventory, net of allowances, customer advances and progress billings19,94431,73515,79226,96438,37622,039
Inventory19,94431,73515,79226,96438,37622,039
Other current assets     2,6072,707
Other undisclosed current assets5,4435,9726,8833,880 14,685
Total current assets:52,66181,65285,02653,49791,97859,376
Noncurrent Assets
Inventory, Noncurrent10,1002,4322,5434,7859,603 
Operating lease, right-of-use asset    8001,000
Property, plant and equipment    48,994107,571114,734
Long-term investments and receivables326,14793,45190,961108,326110,183127,814
Long-term investments326,14793,45190,961108,326110,183127,814
Restricted cash and investments4,4903,7973,7973,5954848
Other noncurrent assets6731,1067116216685,872
Other undisclosed noncurrent assets263,168346,281342,303279,318310,172309,097
Total noncurrent assets:604,578447,067440,315446,439539,245557,565
TOTAL ASSETS:657,239528,719525,341499,936631,223616,941
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:22,65642,52139,61536,05534,07030,817
Accrued liabilities1,6037,663    
Other undisclosed accounts payable and accrued liabilities21,05334,85839,61536,05534,07030,817
Deferred revenue  6,155   
Debt 10,000  5,0001,511
Asset retirement obligation3,10512,5765,7613,2322,610734
Other liabilities   2,550   
Due to related parties   5,000 
Other undisclosed current liabilities4,24212,9344,4736,2672,1152,950
Total current liabilities:30,00384,18652,39945,55448,79536,012
Noncurrent Liabilities
Long-term debt and lease obligation40,000    4,918
Long-term debt, excluding current maturities40,000     
Capital lease obligations4,918
Liabilities, other than long-term debt84,32833,08932,62061,91858,17365,462
Asset retirement obligations39,91629,27029,69130,76829,59128,668
Deferred tax liabilities, net6,426
Deferred income tax liabilities40,572  3,8134,914
Due to related parties  24,08019,75824,603
Other liabilities3,8403,8192,9293,2573,9105,765
Other undisclosed noncurrent liabilities48855,17050,38127,13624,77624,603
Total noncurrent liabilities:124,81688,25983,00189,05482,94994,983
Total liabilities:154,819172,445135,400134,608131,744130,995
Equity
Equity, attributable to parent502,420322,809375,164365,328499,479485,946
Common stock1,768,4561,644,1451,615,5961,548,8761,530,7021,457,422
Accumulated deficit(1,266,036)(1,321,336)(1,240,432)(1,183,548)(1,031,223)(971,476)
Equity, attributable to noncontrolling interest  33,46514,777   
Total equity:502,420356,274389,941365,328499,479485,946
TOTAL LIABILITIES AND EQUITY:657,239528,719525,341499,936631,223616,941

Income Statement (P&L) ($ in thousands)

9/30/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues166,231110,417136,541104,789117,019128,822
Cost of revenue(160,720)(82,270)(46,026)(32,815)(60,115)(53,798)
Cost of goods and services sold(29,221)(19,701)(23,798)(22,910)(1,700) 
Other undisclosed gross profit12,269(28,691)(96,995)(98,922)(47,918)(39,531)
Gross profit:17,780(544)(6,480)(26,948)8,98635,493
Operating expenses(19,123)(12,623)(11,774)(93,411)(12,785)(28,237)
Other operating expense, net   (1,968)  
Other expenses      
Other nonrecurring (income) expense    (1,968)  
Other undisclosed operating loss(160,720)(82,270)(46,026)(30,847)(60,115)(53,798)
Operating loss:(162,063)(95,437)(64,280)(153,174)(63,914)(46,542)
Nonoperating income (expense)229,09915,14981(541)323(1,098)
Investment income, nonoperating222,157     
Gain (loss), foreign currency transaction, before tax     3,922
Other nonoperating income (expense)(29,976)22,9386,2816,8937,140 
Interest and debt expense(5,749)(5,488)(5,581)(392) (1,900)
Income (loss) from continuing operations before equity method investments, income taxes:61,287(85,776)(69,780)(154,107)(63,591)(49,540)
Other undisclosed income from continuing operations before income taxes5,7495,4885,581392 1,900
Income (loss) from continuing operations before income taxes:67,036(80,288)(64,199)(153,715)(63,591)(47,640)
Income tax expense(33,859)     
Income (loss) from continuing operations:33,177(80,288)(64,199)(153,715)(63,591)(47,640)
Loss before gain (loss) on sale of properties:(64,199)(153,715)(63,591)(47,640)
Other undisclosed net income (loss) (5,806)7,3151,3903,8442,770
Net income (loss):33,177(86,094)(56,884)(152,325)(59,747)(44,870)
Net income (loss) attributable to noncontrolling interest22,1225,019(172)   
Other undisclosed net income attributable to parent   344   
Net income (loss) available to common stockholders, diluted:55,299(81,075)(56,712)(152,325)(59,747)(44,870)

Comprehensive Income ($ in thousands)

9/30/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income (loss):33,177(86,094)(56,884)(152,325)(59,747)(44,870)
Comprehensive income (loss):33,177(86,094)(56,884)(152,325)(59,747)(44,870)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest22,1225,019(172)   
Comprehensive income (loss), net of tax, attributable to parent:55,299(81,075)(57,056)(152,325)(59,747)(44,870)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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