McEwen Mining (MUX) financials
McEwen Mining revenue and earnings by year
McEwen Mining's revenue was $198 million in the fiscal year to December 31, 2025, up 13.2% from the year before. Net income was $34.4 million, 17.4% of revenue. Since the fiscal year to December 31, 2016, revenue has grown 14.1% a year on average.
Fiscal years, each labelled by the calendar year it ended in.
Income statement, the last 10 fiscal years
| Fiscal year to | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 198 | 174 | 166 | 110 | 137 | 105 | 117 | 128 | 67 | 60 |
| Revenue growth | 13.2% | 5.0% | 50.5% | -19.1% | 30.3% | -10.5% | -8.7% | 90.0% | 11.7% | — |
| Gross profit | 48 | 31 | 18 | -1 | -6 | -27 | 9 | 32 | 20 | 32 |
| Gross margin | 24.1% | 17.7% | 10.7% | -0.5% | -4.7% | -25.7% | 7.7% | 25.0% | 29.8% | 53.4% |
| Operating income | 3 | -51 | -162 | -95 | -64 | -153 | -55 | -35 | -26 | 15 |
| Operating margin | 1.3% | -29.0% | -97.5% | -86.4% | -47.1% | -146.2% | -47.1% | -27.6% | -38.9% | 25.4% |
| Net income | 34 | -44 | 55 | -81 | -57 | -152 | -60 | -45 | -11 | 21 |
| Net margin | 17.4% | -25.0% | 33.3% | -73.4% | -41.5% | -145.4% | -51.1% | -35.0% | -15.8% | 34.9% |
| Diluted EPS | $0.50 | -$0.87 | $1.13 | -$1.71 | -$1.25 | -$3.80 | -$1.65 | -$1.33 | -$0.40 | $0.70 |
| Free cash flow | -38 | -14 | -66 | -81 | -54 | -41 | -69 | -81 | -36 | 1 |
Diluted EPS is stated in today's shares (adjusted for every split since). Quarterly statements and the income statement as a flow chart are in the app: open MUX in Markets.
How McEwen Mining makes money
Revenue by segment in the quarter to June 30, 2026, as the company reports it.
| Segment | Revenue | Share |
|---|---|---|
| Fox Complex In Ontario Canada | $28.9M | 48.7% |
| Gold Bar Mine Complex In Nevada United States | $26.0M | 43.9% |
| El Gallo Project In Sinaloa Mexico | $4.35M | 7.3% |
See also: MUX valuation and P/E history · MUX returns
No forecast, no recommendation. This page describes McEwen Mining from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.