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McEwen Mining

OverviewSuggest Edit

McEwen Mining engages in the exploration, development, production, and sale of gold and silver. The Company owns a large portfolio of exploration assets in the Americas.
TypePublic
Founded1979
HQToronto, CAMap
Websitemcewenmining.com
Employee Ratings3.6More
View Jobs (4)

Locations

McEwen Mining is headquartered in
Toronto, Canada

Location Map
All Locations (3)

Latest Updates

Employees (est.) (Dec 2019)448(+5%)
Job Openings4
Revenue (FY, 2019)$117 M(-9%)
Share Price (Oct 2020)C$1.4 (-1%)
Cybersecurity ratingBMore

Key People/Management at McEwen Mining

Robert McEwen

Robert McEwen

Executive Chairman & Chief Owner
Rob McEwen

Rob McEwen

Director
Allen V. Ambrose

Allen V. Ambrose

Director
Peter Mah

Peter Mah

Chief Operating Officer
Michele L. Ashby

Michele L. Ashby

Director
Anna Ladd-Kruger

Anna Ladd-Kruger

Chief Financial Officer
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McEwen Mining Office Locations

McEwen Mining has offices in Toronto, College Station and Louisville
Toronto, CA (HQ)
2800 150 King St W
College Station, US
211 Quality Cir #210
Louisville, US
462 S 4th St
Show all (3)

McEwen Mining Financials and Metrics

McEwen Mining Revenue

McEwen Mining's revenue was reported to be $117.02 m in FY, 2019
USD

Revenue (Q2, 2020)

18.3m

Net income (Q2, 2020)

(19.8m)

EBIT (Q2, 2020)

(21.1m)

Market capitalization (15-Oct-2020)

593.5m

Closing stock price (15-Oct-2020)

1.4

Cash (30-Jun-2020)

18.4m

EV

599.0m
McEwen Mining's current market capitalization is C$593.5 m.
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019

Revenue

60.4m67.7m128.8m117.0m

Revenue growth, %

(17%)12%90%

Cost of goods sold

28.1m45.2m93.3m

Gross profit

32.3m22.5m35.5m
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020

Revenue

14.8m15.1m13.4m41.3m34.2m26.9m15.6m36.4m32.7m31.4m18.3m

Cost of goods sold

7.0m6.6m8.6m26.4m9.9m20.3m13.2m31.7m31.1m

Gross profit

7.8m8.6m4.8m14.9m24.3m6.6m2.5m4.7m1.6m

Gross profit Margin, %

53%57%36%36%71%24%16%13%5%
show all
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019

Cash

37.4m27.2m15.8m46.5m

Inventories

26.6m32.0m22.0m38.4m

Current Assets

78.6m86.9m59.4m92.0m

PP&E

14.3m51.0m114.7m107.6m
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020

Cash

28.9m24.8m69.0m29.9m16.0m40.8m11.9m9.3m4.3m28.8m18.4m

Inventories

29.5m20.0m19.6m29.1m27.3m27.8m30.7m33.0m34.4m38.3m33.4m

Current Assets

81.7m66.1m108.5m79.6m58.2m77.8m65.7m65.2m56.9m73.1m58.2m

PP&E

14.3m14.4m14.0m57.8m74.2m101.0m435.7m436.1m424.8m
show all
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019

Net Income

21.1m(10.6m)(44.9m)(59.7m)

Cash From Operating Activities

25.2m(15.4m)487.0k(39.5m)

Purchases of PP&E

(1.2m)(5.1m)(62.3m)

Cash From Investing Activities

(10.1m)(34.5m)(69.3m)(14.1m)
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020

Net Income

(3.0m)(4.7m)(12.8m)(5.2m)(10.6m)(23.9m)(10.1m)(23.1m)(34.6m)(99.2m)(119.0m)

Cash From Operating Activities

(6.8m)(11.7m)(9.2m)11.1m621.0k(834.0k)(10.8m)(9.2m)(21.9m)(11.9m)(20.1m)

Purchases of PP&E

(350.0k)(938.0k)(944.0k)(6.7m)(20.1m)(44.3m)(16.5m)(24.5m)(27.0m)

Cash From Investing Activities

(314.0k)410.0k404.0k(8.2m)(17.0m)(41.6m)(14.5m)(22.5m)(18.8m)(5.4m)(7.9m)
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USDFY, 2016

Revenue/Employee

210.0k

Financial Leverage

1.1 x
Show all financial metrics

McEwen Mining Operating Metrics

FY, 2016FY, 2017FY, 2018

Gold Ounces Produced

101.48 k109.95 k135.20 k

Gold Proved and Probable Reserves, ounces

412.60 k313 k873 k

Silver Ounces Produced

3.30 m3.18 m3.03 m

Silver Proved and Probable Reserves, ounces

27.20 m20.70 m18.30 m
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McEwen Mining Acquisitions / Subsidiaries

Company NameDateDeal Size
10393444 Canada Inc.
11195581 Canada Inc.
912413 Ontario Inc.
Andes Corporacion Minera S.A.
Compania Minera Pangea S.A. de C.V.
Gold Bar Enterprises LLC
Golden Pick LLC
International Copper Mining Inc.
International Copper ULC
Las Yaretas S.A.
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McEwen Mining Cybersecurity Score

Cybersecurity ratingPremium dataset

B

84/100

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McEwen Mining Revenue Breakdown

Embed Graph

McEwen Mining revenue breakdown by geographic segment: 51.6% from Mexico and 48.4% from Canada

McEwen Mining Online and Social Media Presence

McEwen Mining's Trends

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McEwen Mining News and Updates

August 18, 2020

McEwen Mining Announces Flow-Through Financing

TORONTO, Aug. 18, 2020 (GLOBE NEWSWIRE) -- McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) is pleased to announce a strategic financing to continue our successful exploration program at our properties in the Timmins region of Ontario.
August 06, 2020

McEwen Mining Reports Q2 2020 Results

TORONTO, Aug. 06, 2020 (GLOBE NEWSWIRE) -- McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) today reported its second quarter (Q2) results for the period ended June 30th, 2020.
March 27, 2020

McEwen Mining Addresses New York Stock Exchange Listing Requirements

TORONTO, March 27, 2020 (GLOBE NEWSWIRE) -- McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) reports that it has fallen below the New York Stock Exchange ("NYSE") continued listing requirement related to the price of its common stock. The NYSE requires that the average closing price of a listed company's…
November 20, 2019

McEwen Mining Announces Pricing of US$50 Million Public Offering

TORONTO, Nov. 20, 2019 (GLOBE NEWSWIRE) -- McEwen Mining Inc. (the “Company” or “McEwen”) (NYSE: MUX) (TSX: MUX) today announced that it has priced an underwritten public offering of 37,750,000 units, each unit consisting of one share of common stock and one half of one warrant to purchase one sha…
July 29, 2019

McEwen Mining Q2 2019 Results Conference Call

TORONTO, July 29, 2019 (GLOBE NEWSWIRE) -- McEwen Mining Inc. (NYSE: MUX) (TSX: MUX)  invites you to join our conference call following the release of our Q2 2019 results on Wednesday, July 31st 2019 at 1:30 PM EDT, where management will discuss financial results and project developments and follo…
July 17, 2019

McEwen Mining Reports Q2 2019 Production Results

TORONTO, July 17, 2019 (GLOBE NEWSWIRE) -- McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) reports consolidated production for Q2 2019 of 36,216 gold ounces and 850,525 silver ounces, or 45,881 gold equivalent ounces(1) (“GEOs”) using the average gold:silver price ratio during Q2 of 88:1. Our San José a…
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 McEwen Mining Frequently Asked Questions

  • When was McEwen Mining founded?

    McEwen Mining was founded in 1979.

  • Who are McEwen Mining key executives?

    McEwen Mining's key executives are Robert McEwen, Rob McEwen and Allen V. Ambrose.

  • How many employees does McEwen Mining have?

    McEwen Mining has 448 employees.

  • What is McEwen Mining revenue?

    Latest McEwen Mining annual revenue is $117 m.

  • What is McEwen Mining revenue per employee?

    Latest McEwen Mining revenue per employee is $261.2 k.

  • Who are McEwen Mining competitors?

    Competitors of McEwen Mining include Rio Tinto, Ariana Resources and Trans-Siberian Gold.

  • Where is McEwen Mining headquarters?

    McEwen Mining headquarters is located at 2800 150 King St W, Toronto.

  • Where are McEwen Mining offices?

    McEwen Mining has offices in Toronto, College Station and Louisville.

  • How many offices does McEwen Mining have?

    McEwen Mining has 3 offices.