McEwen Mining Inc. (MUX) Financial Statements (2024 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)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments41,07756,09320,84348,33718,88727,153
Cash and cash equivalents39,78254,28720,84346,45215,75627,153
Short-term investments1,2951,806 1,8853,131 
Restricted cash and investments  2,550    
Receivables2,8683,7081,8102,6581,0585,250
Inventory, net of allowances, customer advances and progress billings31,73515,79226,96438,37622,03931,951
Inventory31,73515,79226,96438,37622,03931,951
Other current assets    2,6072,7074,539
Other undisclosed current assets5,9726,8833,880 14,68517,971
Total current assets:81,65285,02653,49791,97859,37686,864
Noncurrent Assets
Inventory, Noncurrent2,4322,5434,7859,603  
Operating lease, right-of-use asset   8001,000
Property, plant and equipment   48,994107,571114,73451,046
Long-term investments and receivables93,45190,961108,326110,183127,814150,064
Long-term investments93,45190,961108,326110,183127,814150,064
Restricted cash and investments3,7973,7973,5954848 
Other noncurrent assets1,1067116216685,87210,718
Other undisclosed noncurrent assets346,281342,303279,318310,172309,097293,437
Total noncurrent assets:447,067440,315446,439539,245557,565505,265
TOTAL ASSETS:528,719525,341499,936631,223616,941592,129
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:42,52139,61536,05534,07030,81734,880
Accrued liabilities7,663     
Other undisclosed accounts payable and accrued liabilities34,85839,61536,05534,07030,81734,880
Deferred revenue6,155   
Debt 10,000  5,0001,511470
Asset retirement obligation12,5765,7613,2322,610734646
Due to related parties   5,000  
Other liabilities  2,550    
Other undisclosed current liabilities12,9344,4736,2672,1152,9501,643
Total current liabilities:84,18652,39945,55448,79536,01237,639
Noncurrent Liabilities
Long-term debt and lease obligation    4,91881
Long-term debt, excluding current maturities      
Capital lease obligations4,91881
Liabilities, other than long-term debt33,08932,62061,91858,17365,46233,136
Asset retirement obligations29,27029,69130,76829,59128,66824,076
Deferred tax liabilities, net6,4268,430
Deferred income tax liabilities   3,8134,914
Due to related parties  24,08019,75824,603 
Other liabilities3,8192,9293,2573,9105,765630
Other undisclosed noncurrent liabilities55,17050,38127,13624,77624,603 
Total noncurrent liabilities:88,25983,00189,05482,94994,98333,217
Total liabilities:172,445135,400134,608131,744130,99570,856
Equity
Equity, attributable to parent, including:322,809375,164365,328499,479485,946521,273
Common stock1,644,1451,615,5961,548,8761,530,7021,457,4221,444,056
Accumulated other comprehensive income      3,000
Accumulated deficit(1,321,336)(1,240,432)(1,183,548)(1,031,223)(971,476)(929,606)
Other undisclosed equity, attributable to parent      3,823
Equity, attributable to noncontrolling interest33,46514,777    
Total equity:356,274389,941365,328499,479485,946521,273
TOTAL LIABILITIES AND EQUITY:528,719525,341499,936631,223616,941592,129

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues110,417136,541104,789117,019128,82267,724
Revenue, net67,724
Cost of revenue(82,270)(46,026)(32,815)(60,115)(53,798)(66,786)
Cost of goods and services sold(19,701)(23,798)(22,910)(1,700) (66,731)
Other undisclosed gross profit(28,691)(96,995)(98,922)(47,918)(39,531) 
Gross profit:(544)(6,480)(26,948)8,98635,493938
Operating expenses(12,623)(11,774)(93,411)(12,785)(28,237)(26,965)
Other operating expense, net
(Other Nonrecurring (Income) Expense)
   (1,968)   
Other undisclosed operating loss(82,270)(46,026)(30,847)(60,115)(53,798) 
Operating loss:(95,437)(64,280)(153,174)(63,914)(46,542)(26,027)
Nonoperating income (expense)15,14981(541)323(1,098)24
Investment income, nonoperating      840
Gain, foreign currency transaction, before tax     3,922694
Other nonoperating income (expense)22,9386,2816,8937,140  
Interest and debt expense(5,488)(5,581)(392) (1,900) 
Loss from continuing operations before equity method investments, income taxes:(85,776)(69,780)(154,107)(63,591)(49,540)(26,003)
Other undisclosed income from continuing operations before income taxes5,4885,581392 1,900 
Loss from continuing operations before income taxes:(80,288)(64,199)(153,715)(63,591)(47,640)(26,003)
Income tax expense      
Loss from continuing operations:(80,288)(64,199)(153,715)(63,591)(47,640)(26,003)
Loss before gain (loss) on sale of properties:(64,199)(153,715)(63,591)(47,640)(26,003)
Other undisclosed net income (loss)(5,806)7,3151,3903,8442,77015,369
Net loss:(86,094)(56,884)(152,325)(59,747)(44,870)(10,634)
Net income (loss) attributable to noncontrolling interest5,019(172)    
Other undisclosed net income attributable to parent  344    
Net loss available to common stockholders, diluted:(81,075)(56,712)(152,325)(59,747)(44,870)(10,634)

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net loss:(86,094)(56,884)(152,325)(59,747)(44,870)(10,634)
Comprehensive loss:(86,094)(56,884)(152,325)(59,747)(44,870)(10,634)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest5,019(172)    
Other undisclosed comprehensive income, net of tax, attributable to parent      1,334
Comprehensive loss, net of tax, attributable to parent:(81,075)(57,056)(152,325)(59,747)(44,870)(9,300)

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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