McEwen Mining Inc. (MUX) - Net Assets

Latest as of September 2025: CA$488.56 Million CAD ≈ $353.42 Million USD

Based on the latest financial reports, McEwen Mining Inc. (MUX) has net assets worth CA$488.56 Million CAD (≈ $353.42 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 (CA$747.64 Million ≈ $540.83 Million USD) and total liabilities (CA$259.08 Million ≈ $187.41 Million USD). 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. Check McEwen Mining Inc. liquidity resilience to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric Value
Current Net Assets CA$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. Also explore MUX current and non-current assets for the complete picture of this company's asset base.

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. For live valuation and market cap data, see McEwen Mining Inc. (MUX) market capitalisation.

Year Net Assets Change
2024-12-31 CA$494.98 Million
≈ $358.06 Million		 -1.48%
2023-12-31 CA$502.42 Million
≈ $363.44 Million		 +41.02%
2022-12-31 CA$356.27 Million
≈ $257.72 Million		 -8.63%
2021-12-31 CA$389.94 Million
≈ $282.08 Million		 +6.74%
2020-12-31 CA$365.33 Million
≈ $264.27 Million		 -26.86%
2019-12-31 CA$499.48 Million
≈ $361.32 Million		 +2.78%
2018-12-31 CA$485.95 Million
≈ $351.53 Million		 -6.78%
2017-12-31 CA$521.27 Million
≈ $377.08 Million		 +17.66%
2016-12-31 CA$443.04 Million
≈ $320.49 Million		 +5.92%
2015-12-31 CA$418.29 Million
≈ $302.59 Million		 -5.20%
2014-12-31 CA$441.21 Million
≈ $319.17 Million		 -40.92%
2013-12-31 CA$746.77 Million
≈ $540.20 Million		 -16.06%
2012-12-31 CA$889.59 Million
≈ $643.52 Million		 +305.64%
2011-12-31 CA$219.30 Million
≈ $158.64 Million		 +26.56%
2010-12-31 CA$173.28 Million
≈ $125.35 Million		 -14.74%
2009-12-31 CA$203.23 Million
≈ $147.01 Million		 +10.93%
2008-12-31 CA$183.19 Million
≈ $132.52 Million		 -41.64%
2007-12-31 CA$313.92 Million
≈ $227.09 Million		 +498.12%
2006-12-31 CA$52.48 Million
≈ $37.97 Million		 +1971.92%
2005-12-31 CA$2.53 Million
≈ $1.83 Million		 +205.21%
2004-12-31 CA$829.96K
≈ $600.38K		 -12.15%
2003-12-31 CA$944.77K
≈ $683.43K		 +41.29%
2002-12-31 CA$668.68K
≈ $483.71K		 -45.55%
2001-12-31 CA$1.23 Million
≈ $888.31K		 -9.44%
2000-12-31 CA$1.36 Million
≈ $980.94K		 -7.91%
1999-12-31 CA$1.47 Million
≈ $1.07 Million		 -3.55%
1998-12-31 CA$1.53 Million
≈ $1.10 Million		 -55.52%
1997-12-31 CA$3.43 Million
≈ $2.48 Million		 -37.35%
1996-12-31 CA$5.48 Million
≈ $3.96 Million		 +9.83%
1995-12-31 CA$4.99 Million
≈ $3.61 Million		 +13.37%
1994-12-31 CA$4.40 Million
≈ $3.18 Million		 +4.76%
1993-12-31 CA$4.20 Million
≈ $3.04 Million		 +7.69%
1992-12-31 CA$3.90 Million
≈ $2.82 Million		 +114.39%
1991-12-31 CA$-27.10 Million
≈ $-19.60 Million		 -721.21%
1990-12-31 CA$-3.30 Million
≈ $-2.39 Million		 -118.13%
1989-12-31 CA$18.20 Million
≈ $13.17 Million		 -29.46%
1988-12-31 CA$25.80 Million
≈ $18.66 Million		 +22.27%
1987-12-31 CA$21.10 Million
≈ $15.26 Million		 +14.05%
1986-12-31 CA$18.50 Million
≈ $13.38 Million		 +115.12%
1985-12-31 CA$8.60 Million
≈ $6.22 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 CA$1.80 Billion 364.60%
Total Equity CA$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
RITES Limited
NSE:RITES
 $1.14 Billion
Jiangsu Nanfang Bearing Co Ltd
SHE:002553
 $1.14 Billion
Burford Capital Ltd
NYSE:BUR
 $1.14 Billion
Ningbo Changhong Polymer Scientific & Technical Inc
SHG:605008
 $1.14 Billion
Cogent Communications Group Inc
NASDAQ:CCOI
 $1.14 Billion
Centerspace
NYSE:CSR
 $1.14 Billion
Atresmedia Corporación de Medios de Comunicación S.A.
MC:A3M
 $1.14 Billion
CONMED Corporation
NYSE:CNMD
 $1.13 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.
  • New share issuances of 20,424,000 increased equity.
  • Other factors increased equity by 15,822,000.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income CA$-43.69 Million -8.83%
Share Issuances CA$20.42 Million +4.13%
Other Changes CA$15.82 Million +3.2%
Total Change CA$- -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: 2.98x
  • 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 1.24x to 2.98x 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 CA$23.29 CA$28.87 x
1986-12-31 CA$51.52 CA$28.87 x
1987-12-31 CA$67.15 CA$28.87 x
1988-12-31 CA$61.58 CA$28.87 x
1989-12-31 CA$35.95 CA$28.87 x
1990-12-31 CA$-6.65 CA$28.87 x
1991-12-31 CA$-40.43 CA$28.87 x
1992-12-31 CA$2.83 CA$28.87 x
1993-12-31 CA$2.67 CA$28.87 x
1994-12-31 CA$4.20 CA$28.87 x
1995-12-31 CA$3.26 CA$28.87 x
1996-12-31 CA$3.56 CA$28.87 x
1997-12-31 CA$2.26 CA$28.87 x
1998-12-31 CA$1.05 CA$28.87 x
1999-12-31 CA$1.01 CA$28.87 x
2000-12-31 CA$0.93 CA$28.87 x
2001-12-31 CA$0.86 CA$28.87 x
2002-12-31 CA$0.42 CA$28.87 x
2003-12-31 CA$0.51 CA$28.87 x
2004-12-31 CA$0.38 CA$28.87 x
2005-12-31 CA$0.93 CA$28.87 x
2006-12-31 CA$12.56 CA$28.87 x
2007-12-31 CA$36.57 CA$28.87 x
2008-12-31 CA$18.10 CA$28.87 x
2009-12-31 CA$17.29 CA$28.87 x
2010-12-31 CA$13.06 CA$28.87 x
2011-12-31 CA$14.85 CA$28.87 x
2012-12-31 CA$34.06 CA$28.87 x
2013-12-31 CA$25.14 CA$28.87 x
2014-12-31 CA$14.82 CA$28.87 x
2015-12-31 CA$13.93 CA$28.87 x
2016-12-31 CA$14.74 CA$28.87 x
2017-12-31 CA$16.61 CA$28.87 x
2018-12-31 CA$14.41 CA$28.87 x
2019-12-31 CA$13.80 CA$28.87 x
2020-12-31 CA$9.05 CA$28.87 x
2021-12-31 CA$8.25 CA$28.87 x
2022-12-31 CA$6.81 CA$28.87 x
2023-12-31 CA$10.57 CA$28.87 x
2024-12-31 CA$9.70 CA$28.87 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 CA$-660.00K
1986 12.97% 36.36% 0.27x 1.32x CA$550.00K
1987 11.85% 22.12% 0.40x 1.35x CA$390.00K
1988 6.20% 17.58% 0.13x 2.64x CA$-980.00K
1989 -63.74% -80.00% 0.20x 4.02x CA$-13.42 Million
1990 0.00% -594.87% 0.11x 0.00x CA$-22.87 Million
1991 0.00% -31100.00% 0.02x 0.00x CA$-28.39 Million
1992 697.44% 1813.33% 0.27x 1.44x CA$26.81 Million
1993 7.14% 21.43% 0.15x 2.24x CA$-120.00K
1994 4.55% 20.00% 0.10x 2.18x CA$-240.00K
1995 11.46% 41.79% 0.16x 1.73x CA$72.81K
1996 8.95% 37.41% 0.16x 1.47x CA$-57.42K
1997 -33.83% -1489.08% 0.01x 1.82x CA$-1.50 Million
1998 -182.74% -2130.68% 0.03x 2.69x CA$-2.94 Million
1999 -4.08% -6015400.00% 0.00x 2.31x CA$-207.41K
2000 -8.70% -21.84% 0.18x 2.21x CA$-253.52K
2001 -11.08% -25.19% 0.15x 2.85x CA$-258.80K
2002 -205.63% -2465.31% 0.02x 5.19x CA$-1.44 Million
2003 -65.94% -153.90% 0.22x 1.95x CA$-717.48K
2004 -95.67% -2049.03% 0.03x 1.73x CA$-877.00K
2005 -118.07% -284.32% 0.19x 2.19x CA$-3.24 Million
2006 -138.42% 0.00% 0.00x 1.13x CA$-77.90 Million
2007 -9.09% 0.00% 0.00x 1.30x CA$-59.94 Million
2008 -71.57% 0.00% 0.00x 1.52x CA$-149.43 Million
2009 -13.63% 0.00% 0.00x 1.44x CA$-48.02 Million
2010 -19.10% 0.00% 0.00x 1.51x CA$-50.42 Million
2011 -28.21% 0.00% 0.00x 1.42x CA$-83.80 Million
2012 -7.49% -1117.23% 0.01x 1.29x CA$-155.61 Million
2013 -19.78% -321.30% 0.05x 1.24x CA$-222.42 Million
2014 -70.70% -688.57% 0.09x 1.19x CA$-356.06 Million
2015 -4.89% -28.03% 0.15x 1.14x CA$-62.28 Million
2016 4.75% 34.87% 0.12x 1.12x CA$-23.25 Million
2017 -2.04% -15.70% 0.11x 1.14x CA$-62.76 Million
2018 -9.23% -34.83% 0.21x 1.27x CA$-93.46 Million
2019 -11.96% -51.06% 0.19x 1.26x CA$-109.69 Million
2020 -41.70% -145.36% 0.21x 1.37x CA$-188.86 Million
2021 -15.12% -41.53% 0.26x 1.40x CA$-94.23 Million
2022 -25.12% -73.43% 0.21x 1.64x CA$-113.36 Million
2023 11.01% 33.27% 0.25x 1.31x CA$5.06 Million
2024 -8.83% -25.04% 0.26x 1.34x CA$-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: $15,138,265
  • Average return on equity (ROE) among peers: -30.23%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
McEwen Mining Inc. (MUX) CA$488.56 Million 2.33% 0.53x $1.14 Billion
AbraSilver Resource Corp. (ABRA) $-379.36K 0.00% 0.00x $1.97 Billion
Archon Minerals Ltd (ACS) $-749.69K 0.00% 0.00x $4.63 Million
Arctic Star Exploration Corp (ADD) $2.06 Million -33.58% 0.13x $1.73 Million
Adyton Resources Corp (ADY) $12.60 Million -18.74% 0.03x $80.71 Million
Adamera Minerals Corp. (ADZ) $4.33 Million -30.35% 0.10x $3.91 Million
Austral Gold Ltd (AGLD) $80.97 Million 9.21% 0.87x $69.64 Million
Clean Air Metals Inc (AIR) $35.73 Million -9.88% 0.10x $12.23 Million
Alpha Exploration Ltd (ALEX) $7.30 Million -10.62% 0.17x $43.40 Million
American Creek Resources Ltd (AMK) $2.36 Million -67.11% 0.29x $54.98 Million
Azucar Minerals Ltd (AMZ) $7.16 Million -141.18% 0.01x $3.47 Million

About McEwen Mining Inc.

TO:MUX Canada Other Precious Metals & Mining
Market Cap
$1.14 Billion
CA$1.57 Billion CAD
Market Cap Rank
#8562 Global
#252 in Canada
Share Price
CA$28.87
Change (1 day)
-1.74%
52-Week Range
CA$9.81 - CA$39.47
All Time High
CA$61.89
Categories
Companies in Canada Other Precious Metals & Mining
About

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