What does el gallo project in sinaloa mexico — gross profit mean?

This metric is calculated as the revenue from the El Gallo project minus the direct costs of goods and services sold. It measures the fundamental profitability of the mining operations before accounting for corporate overhead, exploration, or financing costs. A healthy gross profit margin indicates effective management of site-level production costs relative to metal prices.

McEwen Mining (MUX) El Gallo Project In Sinaloa Mexico — Gross Profit

Screener

Other segment segments

Gold Bar Mine Complex In Nevada United States

$16.03M—

Fox Complex In Ontario Canada

$6.01M—

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CERSProduct — Gross Profit

$27.89M+9.7%

EXTRProduct — Gross Profit

$113.14M+10.9%

LEUProduct — Gross Profit

$27.9M-10.6%

Other financials

Income statement

See full

Revenue$74.0M+107%

Gross profit$38.4M+139%

Operating income$41.2M+640%

Net income$33.4M+632%

EPS (diluted)$0.47+492%

Balance sheet

See full

Cash & equivalents$56.5M-17.5%

Total debt$126.4M+0.7%

Total assets$972.6M+33.1%

Cash flow

See full

Operating cash flow$12.1M+726%

Valuation

See full

Market cap$1.12B+92.5%

Enterprise value$1.19B+81.9%

P/E15.1×—

P/S4.8×+1.3×

Profitability

See full

Gross margin38.2%+6.0pp

Operating margin21.8%+14.6pp

Net margin31.4%+23.1pp

FCF margin38.5%—

Returns & leverage

See full

Return on equity-13.4%—

Debt / equity0.1×—

Current ratio1.1×-1.2×

Where this comes from

Reported directly by McEwen Mining in its filing.

Tagged under the XBRL concept us-gaap:GrossProfit.

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

Three months ended March 31, 2026	Gold Bar / Mine Complex	Fox / Complex	Tartan / Lake (7)	El Gallo	MSC	Mc Ewen / Copper	Total
Revenue from gold and silver sales	$37,717	$25,316	—	$11,016	—	—	$74,049
Production costs applicable to sales (1)	(19,379)	(14,711)	—	(1,554)	—	—	(35,644)
Depreciation and depletion (1)	(2,312)	(4,598)	—	—	—	—	(6,910)
Gross profit	16,026	6,007	—	9,462	—	—	31,495
Advanced projects (1)	—	(1,126)	—	(3,653)	—	—	(4,779)
Exploration (1)	(3,140)	(1,385)	(934)	—	—	—	(5,459)
Income (loss) from equity method investments (2)	—	—	—	—	32,752	(2,074)	30,678
Other segment items (3)	(2,135)	(2,026)	(76)	(87)	—	—	(4,324)

Item 1. Financial Statements (unaudited)

FAQ

What is McEwen Mining's el gallo project in sinaloa mexico — gross profit?: McEwen Mining (MUX) reported el gallo project in sinaloa mexico — gross profit of $9.46M in Q1 2026.
What does el gallo project in sinaloa mexico — gross profit mean?: This metric is calculated as the revenue from the El Gallo project minus the direct costs of goods and services sold. It measures the fundamental profitability of the mining operations before accounting for corporate overhead, exploration, or financing costs. A healthy gross profit margin indicates effective management of site-level production costs relative to metal prices.