McEwen Mining Inc. (MUX) financial statements (2023 and earlier)

Company profile

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

Balance sheet (Statement of financial position) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments56  1927
Cash and cash equivalents54  1627
Short-term investments2  3 
Restricted cash and investments3    
Receivables4  15
Inventory, net of allowances, customer advances and progress billings16  2232
Inventory16  2232
Other current assets   35
Other undisclosed current assets7  1518
Total current assets:85  5987
Noncurrent Assets
Inventory, Noncurrent3    
Property, plant and equipment   11551
Long-term investments and receivables91  128150
Long-term investments91  128150
Restricted cash and investments4  0 
Other noncurrent assets1  611
Other undisclosed noncurrent assets342  309293
Total noncurrent assets:440  558505
TOTAL ASSETS:525  617592
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:40  3135
Other undisclosed accounts payable and accrued liabilities40  3135
Debt   20
Asset retirement obligation6  11
Other liabilities3    
Other undisclosed current liabilities4  32
Total current liabilities:52  3638
Noncurrent Liabilities
Long-term debt and lease obligation   50
Capital lease obligations50
Liabilities, other than long-term debt33  6533
Asset retirement obligations30  2924
Deferred tax liabilities, net68
Due to related parties   25 
Other liabilities3  61
Other undisclosed noncurrent liabilities50  25 
Total noncurrent liabilities:83  9533
Total liabilities:135  13171
Stockholders' equity
Stockholders' equity attributable to parent, including:375  486521
Common stock1,616  1,4571,444
Accumulated other comprehensive income    3
Accumulated deficit(1,240)  (971)(930)
Other undisclosed stockholders' equity attributable to parent    4
Stockholders' equity attributable to noncontrolling interest15    
Total stockholders' equity:390  486521
TOTAL LIABILITIES AND EQUITY:525  617592

Income statement (P&L) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues137  12968
Revenue, net68
Cost of revenue(46)  (54)(67)
Cost of goods and services sold(24)   (67)
Other undisclosed gross profit(97)  (40) 
Gross profit:(6)  351
Operating expenses(12)  (28)(27)
Other undisclosed operating loss(46)  (54) 
Operating loss:(64)  (47)(26)
Nonoperating income (expense)0  (1)0
Investment income, nonoperating    1
Foreign currency transaction gain, before tax   41
Other nonoperating income6    
Interest and debt expense(6)  (2) 
Loss from continuing operations before equity method investments, income taxes:(70)  (50)(26)
Other undisclosed income from continuing operations before income taxes6  2 
Loss before gain (loss) on sale of properties:(64)  (48)(26)
Other undisclosed net income7  315
Net loss:(57)  (45)(11)
Net loss attributable to noncontrolling interest(0)    
Other undisclosed net income attributable to parent0    
Net loss available to common stockholders, diluted:(57)  (45)(11)

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net loss:(57)  (45)(11)
Comprehensive loss:(57)  (45)(11)
Comprehensive loss, net of tax, attributable to noncontrolling interest(0)    
Other undisclosed comprehensive income, net of tax, attributable to parent    1
Comprehensive loss, net of tax, attributable to parent:(57)  (45)(9)

Statements sources

The financial statements are based on the company's filings with the 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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