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NYSE · GOLD AND SILVER ORES · MID CAP

McEwen Inc. MUX

17 fiscal years on record · USD · FY2025 reported · SEC filings only
$197.6M
▲ 13.2% YoY
$34.4M

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

In brief

What this company does

McEwen Inc. is a gold and silver mining production and exploration company with an advanced copper development project, focused on the Americas. As of December 31, 2025, the company had 486 employees, including 113 in the United States, 30 in Toronto, Ontario, Canada, 213 in Timmins, Ontario, Canada, and 130 in Mexico. During the year ended December 31, 2025, in respect of its 100% owned mines, the company made 32% of its sales to Asahi and 66% to Auramet, with the remaining 2% to other customers. The company's operating segments include Canada, United States, Mexico, MSC and McEwen Copper. The company wholly owns the Froome mine and Stock mill in Ontario, Canada, the Gold Bar Mine Complex in Nevada, and El Gallo in Sinaloa, Mexico. It also holds a 46.3% interest in McEwen Copper Inc., owner of the Los Azules copper project in San Juan, Argentina, and a 49% interest in MSC, owner and operator of the San José mine in Santa Cruz, Argentina. The company was incorporated under the laws of the State of Colorado in 1979 as US Gold Corp., and in September 2011 US Gold Corp. acquired Minera Andes Inc. and was renamed McEwen Mining Inc. Effective July 7, 2025, the company changed its name from McEwen Mining Inc. to McEwen Inc.

Written from the business description in McEwen Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 17 March 2026. Every sentence was checked against that document before publication.

Growth

USD 197.6M
Revenue, FY2025 · full 17-year series below
Revenue $M Net income $M
FY2025 · Revenue 197.6 · Net income 34.4
100M200M-150M-300M
2009201220152018202120242025
Compound annual growth
+21.4%
+13.5%
+10.5%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +13.5% a year over the five years to FY2025.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

17 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 1.3% · Net 17.4%
-500%-1000%-1500%
200920172025
ROE
FY2025 · ROE 6.6%
5%10%-20%-40%
200920172025
Three returns, three denominators.

Each USD of equity produced 7 cents of profit this year.

Cash & shareholders

·
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2018 · FCF -61.9
10M20M-40M-80M
200920172025
Net buybacks $M Dividends $M
FY2016 · Dividends · · Net buybacks -3.1
1M2M-2M-3M
20152016

Total assetsUSD 820.2M
CashUSD 51.0M
Gross debtUSD 126.2M
Net debtUSD 75.2M
Current ratio1.69×

Net debt stands at 14% of equity.

The 17-year record

17 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative—not applicable◌not available in our data
MUX, 17-year financial record
Metric 20252024202320222021202020192018201720162015201420132012201120102009
Revenue $B0.20.20.20.10.10.10.10.10.10.10.10.00.00.0◌◌◌
Operating income $B0.0−0.1−0.2−0.1−0.1−0.2−0.1−0.0−0.00.0−0.0−0.4−0.2−0.1−0.1−0.0−0.0
EBITDA $B0.0−0.0−0.1−0.1−0.0◌◌−0.0−0.00.0−0.0−0.4−0.2−0.1−0.1−0.0−0.0
Income tax $B−0.0−0.00.00.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.1−0.1−0.0−0.0−0.0−0.0
Net income $B0.0−0.00.1−0.1−0.1−0.2−0.1−0.0−0.00.0−0.0−0.3−0.1−0.1−0.1−0.0−0.0
Free cash flow $B◌◌◌◌◌◌◌−0.1−0.00.00.0−0.0−0.0−0.0−0.1−0.0−0.0
EPS, diluted $0.59−0.861.16−1.71−1.25−3.78−0.17−0.13−0.030.07−0.07−1.05−0.50−0.26−0.42−0.25−0.25
Dividend / sh $◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌
Payout % — not applicable: no dividend—————————————————
ROE %6.6−8.812.9−21.7−15.0−35.2−12.1−8.9−2.24.9−4.8−52.5−18.1−12.0−31.5−17.6−13.6
Shares out B0.060.050.050.050.460.420.400.340.340.300.270.270.260.210.140.12◌

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

More in this sector

Other companies filing in the same sector

Provenance

Company facts, as filed

How we verify · 0 failures · 4 divergences in 70 reconciliationsAUDITED

Reconciled in 13 of the 17 fiscal years we could check. 4 of those reconciliations are divergences — the figures exist but don't fit the formula this check expects; that isn't the same as an error. Six checks were skipped: the balance sheet is not tagged before 2010. Five checks were skipped: revenue is not tagged before 2012. Two checks were skipped: EPS is not tagged before 2009.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures4 divergent
ActivityGold and Silver Ores
Listed onNYSE
Incorporated inColorado
Fiscal year endsDecember 31
Data on record since2009

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