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McEwen Mining MUX Fox Complex In Ontario Canada — Exploration Costs

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TRUPOntario, Canada — Income Taxes Paid, Net
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Other financials

Income statement

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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

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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+109%
Enterprise value$1.19B+95.9%
P/E15.1×
P/S4.8×+1.6×

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

Reported directly by McEwen Mining in its filing.

Tagged under the XBRL concept us-gaap:ExplorationCosts.

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, 2026Gold Bar / Mine ComplexFox / ComplexTartan / Lake (7)El GalloMSCMc Ewen / CopperTotal
Depreciation and depletion (1)(2,312)(4,598)(6,910)
Gross profit16,0266,0079,46231,495
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)
Segment profit (loss)$10,751$1,470$(1,010)$5,722$32,752$(2,074)$47,611
Unallocated amounts:

Item 1. Financial Statements (unaudited)

FAQ

What is McEwen Mining's fox complex in ontario canada — exploration costs?
McEwen Mining (MUX) reported fox complex in ontario canada — exploration costs of $1.39M in Q1 2026.
What does fox complex in ontario canada — exploration costs mean?
This metric tracks the capital or operating expenditures dedicated to geological surveying, drilling, and testing to identify or expand mineral reserves at the Fox Complex. These investments are vital for extending the life of the mine and discovering new economic deposits. High exploration spending reflects a strategic commitment to long-term resource sustainability.

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