McEwen Mining Inc.
McEwen Inc. engages in the exploration, development, production, and sale of gold and silver deposits in the United States, Canada, Mexico, and Argentina. It also explores for copper deposits. The company owns 100% interests in the Gold Bar gold mine located in Nevada; the Fox Complex that consists of 132 parcels, including patents and leases, and 163 unpatented mining claims totaling 28 square m… Read more
McEwen Mining Inc. (MUX) - Net Assets
Latest net assets as of September 2025: $488.56 Million USD
Based on the latest financial reports, McEwen Mining Inc. (MUX) has net assets worth $488.56 Million USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($747.64 Million) and total liabilities ($259.08 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $488.56 Million |
| % of Total Assets | 65.35% |
| Annual Growth Rate | 10.95% |
| 5-Year Change | 35.49% |
| 10-Year Change | 18.33% |
| Growth Volatility | 332.86 |
McEwen Mining Inc. - Net Assets Trend (1985–2024)
This chart illustrates how McEwen Mining Inc.'s net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for McEwen Mining Inc. (1985–2024)
The table below shows the annual net assets of McEwen Mining Inc. from 1985 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $494.98 Million | -1.48% |
| 2023-12-31 | $502.42 Million | +41.02% |
| 2022-12-31 | $356.27 Million | -8.63% |
| 2021-12-31 | $389.94 Million | +6.74% |
| 2020-12-31 | $365.33 Million | -26.86% |
| 2019-12-31 | $499.48 Million | +2.78% |
| 2018-12-31 | $485.95 Million | -6.78% |
| 2017-12-31 | $521.27 Million | +17.66% |
| 2016-12-31 | $443.04 Million | +5.92% |
| 2015-12-31 | $418.29 Million | -5.20% |
| 2014-12-31 | $441.21 Million | -40.92% |
| 2013-12-31 | $746.77 Million | -16.06% |
| 2012-12-31 | $889.59 Million | +305.64% |
| 2011-12-31 | $219.30 Million | +26.56% |
| 2010-12-31 | $173.28 Million | -14.74% |
| 2009-12-31 | $203.23 Million | +10.93% |
| 2008-12-31 | $183.19 Million | -41.64% |
| 2007-12-31 | $313.92 Million | +498.12% |
| 2006-12-31 | $52.48 Million | +1971.92% |
| 2005-12-31 | $2.53 Million | +205.21% |
| 2004-12-31 | $829.96K | -12.15% |
| 2003-12-31 | $944.77K | +41.29% |
| 2002-12-31 | $668.68K | -45.55% |
| 2001-12-31 | $1.23 Million | -9.44% |
| 2000-12-31 | $1.36 Million | -7.91% |
| 1999-12-31 | $1.47 Million | -3.55% |
| 1998-12-31 | $1.53 Million | -55.52% |
| 1997-12-31 | $3.43 Million | -37.35% |
| 1996-12-31 | $5.48 Million | +9.83% |
| 1995-12-31 | $4.99 Million | +13.37% |
| 1994-12-31 | $4.40 Million | +4.76% |
| 1993-12-31 | $4.20 Million | +7.69% |
| 1992-12-31 | $3.90 Million | +114.39% |
| 1991-12-31 | $-27.10 Million | -721.21% |
| 1990-12-31 | $-3.30 Million | -118.13% |
| 1989-12-31 | $18.20 Million | -29.46% |
| 1988-12-31 | $25.80 Million | +22.27% |
| 1987-12-31 | $21.10 Million | +14.05% |
| 1986-12-31 | $18.50 Million | +115.12% |
| 1985-12-31 | $8.60 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to McEwen Mining Inc.'s total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 130962700000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $1.80 Billion | 364.60% |
| Total Equity | $494.98 Million | 100.00% |
McEwen Mining Inc. Competitors by Market Cap
The table below lists competitors of McEwen Mining Inc. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Proximus NV
BR:PROX
|
$1.03 Billion |
|
Jiangsu Lettall Electronic Co Ltd
SHG:603629
|
$1.03 Billion |
|
CVR Partners LP
NYSE:UAN
|
$1.03 Billion |
|
Beijing Sanju Environmental
SHE:300072
|
$1.03 Billion |
|
PNDRY
OTCGREY:PNDRY
|
$1.03 Billion |
|
Cultural Investment Holdings Co Ltd
SHG:600715
|
$1.03 Billion |
|
Harmonic Inc
NASDAQ:HLIT
|
$1.03 Billion |
|
Sansera Engineering Limited
NSE:SANSERA
|
$1.03 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in McEwen Mining Inc.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 502,420,000 to 494,975,000, a change of -7,445,000 (-1.5%).
- Net loss of 43,691,000 reduced equity.
- Share repurchases of 20,433,000 reduced equity.
- New share issuances of 20,424,000 increased equity.
- Other factors increased equity by 36,255,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-43.69 Million | -8.83% |
| Share Repurchases | $20.43 Million | -4.13% |
| Share Issuances | $20.42 Million | +4.13% |
| Other Changes | $36.26 Million | +7.32% |
| Total Change | $- | -1.48% |
Book Value vs Market Value Analysis
This analysis compares McEwen Mining Inc.'s book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 2.32x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 0.97x to 2.32x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1985-12-31 | $23.29 | $22.51 | x |
| 1986-12-31 | $51.52 | $22.51 | x |
| 1987-12-31 | $67.15 | $22.51 | x |
| 1988-12-31 | $61.58 | $22.51 | x |
| 1989-12-31 | $35.95 | $22.51 | x |
| 1990-12-31 | $-6.65 | $22.51 | x |
| 1991-12-31 | $-40.43 | $22.51 | x |
| 1992-12-31 | $2.83 | $22.51 | x |
| 1993-12-31 | $2.67 | $22.51 | x |
| 1994-12-31 | $4.20 | $22.51 | x |
| 1995-12-31 | $3.26 | $22.51 | x |
| 1996-12-31 | $3.56 | $22.51 | x |
| 1997-12-31 | $2.26 | $22.51 | x |
| 1998-12-31 | $1.05 | $22.51 | x |
| 1999-12-31 | $1.01 | $22.51 | x |
| 2000-12-31 | $0.93 | $22.51 | x |
| 2001-12-31 | $0.86 | $22.51 | x |
| 2002-12-31 | $0.42 | $22.51 | x |
| 2003-12-31 | $0.51 | $22.51 | x |
| 2004-12-31 | $0.38 | $22.51 | x |
| 2005-12-31 | $0.93 | $22.51 | x |
| 2006-12-31 | $12.56 | $22.51 | x |
| 2007-12-31 | $36.57 | $22.51 | x |
| 2008-12-31 | $18.10 | $22.51 | x |
| 2009-12-31 | $17.29 | $22.51 | x |
| 2010-12-31 | $13.06 | $22.51 | x |
| 2011-12-31 | $14.85 | $22.51 | x |
| 2012-12-31 | $34.06 | $22.51 | x |
| 2013-12-31 | $25.14 | $22.51 | x |
| 2014-12-31 | $14.82 | $22.51 | x |
| 2015-12-31 | $13.93 | $22.51 | x |
| 2016-12-31 | $14.74 | $22.51 | x |
| 2017-12-31 | $16.61 | $22.51 | x |
| 2018-12-31 | $14.41 | $22.51 | x |
| 2019-12-31 | $13.80 | $22.51 | x |
| 2020-12-31 | $9.05 | $22.51 | x |
| 2021-12-31 | $8.25 | $22.51 | x |
| 2022-12-31 | $6.81 | $22.51 | x |
| 2023-12-31 | $10.57 | $22.51 | x |
| 2024-12-31 | $9.70 | $22.51 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently McEwen Mining Inc. utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -8.83%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -25.04%
- • Asset Turnover: 0.26x
- • Equity Multiplier: 1.34x
- Recent ROE (-8.83%) is above the historical average (-12.69%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1985 | 2.33% | 28.57% | 0.08x | 1.03x | $-660.00K |
| 1986 | 12.97% | 36.36% | 0.27x | 1.32x | $550.00K |
| 1987 | 11.85% | 22.12% | 0.40x | 1.35x | $390.00K |
| 1988 | 6.20% | 17.58% | 0.13x | 2.64x | $-980.00K |
| 1989 | -63.74% | -80.00% | 0.20x | 4.02x | $-13.42 Million |
| 1990 | 0.00% | -594.87% | 0.11x | 0.00x | $-22.87 Million |
| 1991 | 0.00% | -31100.00% | 0.02x | 0.00x | $-28.39 Million |
| 1992 | 697.44% | 1813.33% | 0.27x | 1.44x | $26.81 Million |
| 1993 | 7.14% | 21.43% | 0.15x | 2.24x | $-120.00K |
| 1994 | 4.55% | 20.00% | 0.10x | 2.18x | $-240.00K |
| 1995 | 11.46% | 41.79% | 0.16x | 1.73x | $72.81K |
| 1996 | 8.95% | 37.41% | 0.16x | 1.47x | $-57.42K |
| 1997 | -33.83% | -1489.08% | 0.01x | 1.82x | $-1.50 Million |
| 1998 | -182.74% | -2130.68% | 0.03x | 2.69x | $-2.94 Million |
| 1999 | -4.08% | -6015400.00% | 0.00x | 2.31x | $-207.41K |
| 2000 | -8.70% | -21.84% | 0.18x | 2.21x | $-253.52K |
| 2001 | -11.08% | -25.19% | 0.15x | 2.85x | $-258.80K |
| 2002 | -205.63% | -2465.31% | 0.02x | 5.19x | $-1.44 Million |
| 2003 | -65.94% | -153.90% | 0.22x | 1.95x | $-717.48K |
| 2004 | -95.67% | -2049.03% | 0.03x | 1.73x | $-877.00K |
| 2005 | -118.07% | -284.32% | 0.19x | 2.19x | $-3.24 Million |
| 2006 | -138.42% | -6902.76% | 0.02x | 1.13x | $-77.90 Million |
| 2007 | -9.09% | 0.00% | 0.00x | 1.30x | $-59.94 Million |
| 2008 | -71.57% | 0.00% | 0.00x | 1.52x | $-149.43 Million |
| 2009 | -13.63% | 0.00% | 0.00x | 1.44x | $-48.02 Million |
| 2010 | -19.10% | 0.00% | 0.00x | 1.51x | $-50.42 Million |
| 2011 | -28.21% | 0.00% | 0.00x | 1.42x | $-83.80 Million |
| 2012 | -7.49% | -1117.23% | 0.01x | 1.29x | $-155.61 Million |
| 2013 | -19.78% | -321.30% | 0.05x | 1.24x | $-222.42 Million |
| 2014 | -70.70% | -688.57% | 0.09x | 1.19x | $-356.06 Million |
| 2015 | -4.89% | -28.03% | 0.15x | 1.14x | $-62.28 Million |
| 2016 | 4.75% | 34.87% | 0.12x | 1.12x | $-23.25 Million |
| 2017 | -2.04% | -15.70% | 0.11x | 1.14x | $-62.76 Million |
| 2018 | -9.23% | -34.83% | 0.21x | 1.27x | $-93.46 Million |
| 2019 | -11.96% | -51.06% | 0.18x | 1.29x | $-109.69 Million |
| 2020 | -41.70% | -145.36% | 0.21x | 1.39x | $-188.86 Million |
| 2021 | -15.12% | -41.53% | 0.26x | 1.43x | $-94.23 Million |
| 2022 | -25.12% | -73.43% | 0.21x | 1.64x | $-113.36 Million |
| 2023 | 11.01% | 33.27% | 0.25x | 1.31x | $5.06 Million |
| 2024 | -8.83% | -25.04% | 0.26x | 1.34x | $-93.19 Million |
Industry Comparison
This section compares McEwen Mining Inc.'s net assets metrics with peer companies in the Other Precious Metals & Mining industry.
Industry Context
- Industry: Other Precious Metals & Mining
- Average net assets among peers: $9,705,177,506
- Average return on equity (ROE) among peers: -74.66%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| McEwen Mining Inc. (MUX) | $488.56 Million | 2.33% | 0.53x | $1.03 Billion |
| AbraSilver Resource Corp (ABBRF) | $3.05 Million | -108.70% | 0.31x | $280.10 Million |
| American Copper Development Corporation (ACDXF) | $-331.64K | 0.00% | 0.00x | $1.96 Million |
| American Creek Resources Ltd (ACKRF) | $2.36 Million | -67.11% | 0.29x | $23.79 Million |
| American Clean Resources Group Inc. (ACRG) | $23.29 Million | -69.73% | 0.66x | $9.52 Million |
| Adyton Resources Corporation (ADYRF) | $14.98 Million | 5.60% | 0.05x | $26.44 Million |
| Austral Gold Limited (AGLDF) | $542.56K | -504.60% | 1.47x | $4.83 Million |
| Anglo American Platinum Limited (AGPPF) | $96.96 Billion | 50.69% | 0.82x | $8.40 Billion |
| Athena Gold Corp (AHNR) | $4.96 Million | -13.77% | 0.26x | $779.22K |
| Alaska Energy Metals Corporation (AKEMF) | $26.15 Million | -33.81% | 0.05x | $14.55 Million |
| ALXPF (ALXPF) | $14.77 Million | -5.14% | 0.08x | $24.72 Million |