McEwen Mining Inc (N:MUX)
Business Focus: Integrated Mining
| Sector: Basic Materials | Industry: Integrated Mining |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | Suite 2800, 150 King Street West, P.O. Box 24 TORONTO ON M5H 1J9 |
| Tel: | N/A |
| Website: | https://www.mcewenmining.com/home/default.aspx |
| IR: | See website |
| Key People | ||
| Robert Ross Mcewen Chairman of the Board, Chief Executive Officer | Perry Ing Interim Chief Financial Officer | William M. Shaver Interim Chief Operating Officer, Director |
| Stefan Spears Vice President - Corporate Development | Carmen L. Diges General Counsel, Secretary | Michael Meding Vice President of McEwen Copper Inc. |
| Business Overview |
| McEwen Mining Inc. is a gold and silver producer with operations in Nevada, Canada, Mexico and Argentina. In addition, it owns approximately 47.7% of McEwen Copper Inc., which owns the advanced stage Los Azules copper project in Argentina. Its segments include United States, Canada, Mexico, Minera Santa Cruz (MSC) and McEwen Copper. The United States segment comprises the Gold Bar mine and its exploration properties in the State of Nevada. The Canada segment comprises the Fox Complex gold properties, which includes its Froome underground mine; the Grey Fox and Stock West advanced-stage projects; the Stock mill; a number of exploration properties located near the city of Timmins, Ontario, Canada, and the Black Fox mine, which is on care and maintenance. The Mexico segment includes the El Gallo mine and the related advanced-stage Fenix Project, both located in Sinaloa state. The MSC Segment comprises a 49% interest in the San Jose mine, located in Santa Cruz, Argentina. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, McEwen Mining Inc revenues increased 51% to $166.2M. Net income totaled $55.3M vs. loss of $81.1M. Revenues reflect United States segment increase of 74% to $83.4M, canada segment increase of 34% to $81.3M, United States segment increase of 74% to $83.4M, Canada (Country) segment increase of 34% to $81.3M. Net Income reflects Mexico segment loss decrease of 65% to $4.8M. |
| Employees: | 575 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $552.65M as of Dec 31, 2023 |
| Annual revenue (TTM): | $166.23M as of Dec 31, 2023 |
| EBITDA (TTM): | -$73.86M as of Dec 31, 2023 |
| Net annual income (TTM): | $55.30M as of Dec 31, 2023 |
| Free cash flow (TTM): | -$99.89M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $15.24M as of Dec 31, 2023 |
| Shares outstanding: | 49,440,096 as of Mar 15, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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