Opening its latest reports…Reading every line of the four statements…Putting it into plain words…
Opening its latest reports…Reading every line of the four statements…Putting it into plain words…
MUXMcEwen Inc.
Every company that sells shares in the US files four statements with the SEC. Together they show whether McEwen made money, what it owns and owes, where its cash went, and what changed for its shareholders. Below is every line exactly as McEwen filed it, with what each one means in plain English.
As filed with the SEC on Mar 17, 2026 · the full report · SEC's figures viewer
Income statement · also called the statement of operations, statement of earnings or profit and loss
Read it from the top down. It starts with everything customers paid (sales), takes away the cost of making what was sold, then the costs of running the company, then interest and tax. What is left at the bottom is profit (net income), the part that belongs to shareholders. It covers a stretch of time: a year, or a quarter.
Out of every $100 of sales
| Line (tap for what it means) | 12 months to Dec 31, 2025 | 12 months to Dec 31, 2024 | 12 months to Dec 31, 2023 |
|---|---|---|---|
| REVENUE | |||
| $197.6M▲ 13% | $174.5M | $166.2M | |
| OPERATING EXPENSES | |||
| −$122.8M▼ 8.3% | −$113.3M | −$119.2M | |
| −$27.2M▲ 9.9% | −$30.2M | −$29.2M | |
| $47.6M▲ 54% | $30.9M | $17.8M | |
| OTHER OPERATING INCOME (EXPENSES) | |||
| −$8.0M▼ 11% | −$7.2M | −$82.6M | |
| −$22.2M▼ 34% | −$16.5M | −$20.2M | |
| −$26.7M▼ 56% | −$17.2M | −$15.4M | |
| −$620.0K▲ 2.2% | −$634.0K | −$1.1M | |
| −$3.0M▼ 47% | −$2.1M | −$2.7M | |
| −$44.9M▲ 45% | −$81.5M | −$179.8M | |
| $2.7M | −$50.6M | −$162.1M | |
| OTHER INCOME (EXPENSES) | |||
| −$7.2M▼ 57% | −$4.6M | $36.9M | |
| $10.7M▲ 305% | $2.7M | −$30.0M | |
| $789.0K▼ 86% | $5.8M | – | |
| – | – | $222.2M | |
| $4.3M▲ 12% | $3.8M | $229.1M | |
| $6.9M | −$46.7M | $67.0M | |
| $27.5M▲ 802% | $3.0M | −$33.9M | |
| $34.4M | −$43.7M | $33.2M | |
| – | – | $22.1M | |
| $34.4M | −$43.7M | $55.3M | |
| Net income (loss) per share (Note 14) | |||
| $0.64 | −$0.86 | $1.16 | |
| $0.59 | −$0.86 | $1.16 | |
| Weighted average common shares outstanding (thousands) (Note 14) | |||
| 54.0M shares▲ 5.9% | 51.0M shares | 47.5M shares | |
| 65.6M shares▲ 28% | 51.0M shares | 47.5M shares | |
| McEwen Copper Inc. | |||
|---|---|---|---|
| Other item (Advanced projects) | −$41.9M | −$114.5M | −$36.5M |
| Share of profit from part-owned businesses (Income (loss) from equity method investments) | −$25.5M | −$47.0M | −$57.8M |
| Interest earned minus interest paid (net interest income) (Interest and other finance (expenses) income, net) | $1.3M | $19.1M | $19.4M |
| Gains or losses (Dilution gain from investments in McEwen Copper Inc. (Note 9)) | $800.0K | – | – |
| Profit before tax (Income (loss) before income and mining taxes) | −$55.0M | −$99.0M | −$121.1M |
| Profit (net income) (Net income (loss) and comprehensive income (loss) attributable to McEwen shareholders) | −$55.0M | −$99.0M | −$121.1M |
| Minera Santa Cruz S.A. | |||
| Sales (Revenue from gold and silver sales) | $459.5M | $310.4M | $254.9M |
| Wear and tear (depreciation and amortization) (Depreciation and depletion) | −$53.0M | −$51.2M | −$58.9M |
| Share of profit from part-owned businesses (Income (loss) from equity method investments) | $41.1M | $9.0M | $62.0K |
| Other income and costs (Other income (expenses) (Note 18)) | −$11.8M | −$1.7M | −$4.0M |
| Profit before tax (Income (loss) before income and mining taxes) | $132.8M | $31.2M | $5.4M |
| Income tax (Income and mining tax recovery (expense) (Note 19)) | $29.0K | $37.0K | $517.0K |
| Profit (net income) (Net income (loss) and comprehensive income (loss) attributable to McEwen shareholders) | $88.3M | $24.6M | $8.5M |
Every line as the company filed it (USD ($), shares in Thousands, $ in Thousands), shown in full dollars. See this statement on SEC.