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McEwen Mining MUX Gross Profit

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Segments

By segment

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Gold Bar Mine Complex In Nevada United States$16.03M
El Gallo Project In Sinaloa Mexico$9.46M
Fox Complex In Ontario Canada$6.01M

Other financials

Income statement

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Revenue$74.0M+107%
Operating income$41.2M+640%
Net income$33.4M+632%
EPS (diluted)$0.47+492%

Balance sheet

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Cash & equivalents$56.5M-17.5%
Total debt$126.4M+0.7%
Total assets$972.6M+33.1%

Cash flow

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Operating cash flow$12.1M+726%

Valuation

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Market cap$1.12B+92.5%
Enterprise value$1.19B+81.9%
P/E15.1×
P/S4.8×+1.3×

Profitability

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Gross margin38.2%+6.0pp
Operating margin21.8%+14.6pp
Net margin31.4%+23.1pp
FCF margin38.5%

Returns & leverage

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Return on equity-13.4%
Debt / equity0.1×
Current ratio1.1×-1.2×

Where this comes from

Calculated from McEwen Mining’s reported figures.

The source filing: McEwen Mining’s 10-Q, filed May 6, 2026.

Filed
May 6, 2026, 5:04 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001104659-26-056349
Line itemThree months ended March 31, 2026Three months ended March 31, 2025
Revenue from gold and silver sales$74,049$35,696
Production costs applicable to sales(35,644)(19,605)
Depreciation and depletion(6,910)(6,021)
Gross profit31,49510,070
OTHER OPERATING INCOME (EXPENSES):
Advanced projects(4,779)(1,684)
Exploration(5,459)(3,681)
General and administrative (Note 19)(9,464)(3,369)

Item 1. Financial Statements (unaudited)

FAQ

What is McEwen Mining's gross profit?
McEwen Mining (MUX) reported gross profit of $38.41M in Q1 2026.
How has McEwen Mining's gross profit changed year-over-year?
McEwen Mining's gross profit increased by 138.7% year-over-year, from $16.09M to $38.41M.
What is the long-term trend for McEwen Mining's gross profit?
Over 4 years (2021 to 2025), McEwen Mining's gross profit has grown at a -3.8% compound annual growth rate (CAGR), from $79M to $67.76M.
What does gross profit mean?
Revenue minus cost of revenue — the profit available to cover operating expenses, representing the company's pricing power and production efficiency.

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