A Business at a Glance
0 of 5 daily views used (5 remaining). Sign up free for 10 daily views, or try AAPL for a full preview.
History and Organization McEwen Mining Inc. (the “Company”) is a gold and silver mining production and exploration company with an advanced copper development project, focused on the Americas. We were incorporated under the laws of the state of Colorado in 1979 as US Gold Corp. In September 2011, US Gold Corp. acquired Minera Andes Inc., and was renamed McEwen Mining Inc. We own 100% of the Froome mine and Stock mill in Ontario, Canada, 100% of the Gold Bar mine in Nevada, 100% of the Fenix Project in Sinaloa, Mexico, a 46.4% interest in McEwen Copper Inc., the owner of the Los Azules copper project (“Los Azules”) in San Juan, Argentina, and a 49% interest in MSC, the owner and operator of the San José mine in Santa Cruz, Argentina. In addition to the above, we hold interests in advanced-stage and exploration-stage projects in the United States, Canada, Mexico, and Argentina. Our commencement of Canadian operations in 2017 was facilitated by the acquisition of Lexam VG Gold Inc.
| Metric | TTM | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Revenue | 166M | 174M | 166M | 110M | 137M | 105M |
| Net Income | -12M | -44M | 55M | -81M | -57M | -152M |
| EPS | $-0.23 | $-0.86 | $1.16 | $-1.71 | $-1.25 | $-3.78 |
| Free Cash Flow | 0 | 29M | -40M | -57M | -20M | -28M |
| ROIC | -5.0% | -8.2% | 10.2% | -19.3% | -12.9% | -36.8% |
| Gross Margin | 18.3% | 17.7% | 10.7% | -0.5% | -4.7% | -25.7% |
| Debt/Equity | 0.26 | 0.11 | 0.10 | 0.31 | 0.13 | 0.15 |
| Dividends/Share | $0.00 | - | - | - | - | - |
| Operating Income | -34M | -51M | -162M | -95M | -64M | -153M |
| Operating Margin | -20.4% | -29.0% | -97.5% | -86.4% | -47.1% | -146.2% |
| ROE | -2.4% | -8.8% | 12.9% | -21.7% | -15.0% | -35.2% |
| Shares Outstanding | 54M | 51M | 48M | 47M | 45M | 417M |
McEwen Inc. passes 0 of 9 quality checks, indicating weak fundamentals.
On a free-cash-flow basis, the stock trades at 42.7x vs a median of 13.7x. At current prices, the estimated annualized return to fair value is +5.8%.
McEwen Inc. (MUX) has a 5-year average return on invested capital (ROIC) of -13.4%. This is below average and may indicate limited pricing power.
McEwen Inc. (MUX) has a market capitalization of $1.3B. It is classified as a small-cap stock.
McEwen Inc. (MUX) does not currently pay a regular dividend.
McEwen Inc. (MUX) operates in the Gold And Silver Ores industry, within the Materials sector.
McEwen Inc. (MUX) reported annual revenue of $174 million in its most recent fiscal year, based on SEC EDGAR filings.
McEwen Inc. (MUX) has a net profit margin of -25.0%. The company is currently unprofitable.
McEwen Inc. (MUX) generated $29 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
McEwen Inc. (MUX) has a debt-to-equity ratio of 0.11. This indicates a conservatively financed balance sheet.
McEwen Inc. (MUX) reported earnings per share (EPS) of $-0.86 in its most recent fiscal year.
McEwen Inc. (MUX) has a return on equity (ROE) of -8.8%. A negative ROE may indicate losses or negative equity.
McEwen Inc. (MUX) has a 5-year average gross margin of -0.5%. This lower margin is typical of capital-intensive or commodity businesses.
The Ledger Terminal provides 14 years of financial data for McEwen Inc. (MUX), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
McEwen Inc. (MUX) has a book value per share of $9.74, based on its most recent annual SEC filing.