McEwen Mining Inc. Net Assets
McEwen Mining Inc. net assets. Based on the latest financial reports, McEwen Mining Inc. (MUX) has net assets worth CA$650.28 Million CAD (≈ $470.40 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$970.09 Million ≈ $701.75 Million USD) and total liabilities (CA$319.81 Million ≈ $231.35 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. Also explore how fast is McEwen Mining Inc. growing its equity to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$650.28 Million |
| % of Total Assets | 67.03% |
| Annual Growth Rate | 10.94% |
| 5-Year Change | 40.08% |
| 10-Year Change | 23.29% |
| Growth Volatility | 328.63 |
Net Assets of McEwen Mining Inc. (1985–2025)
Net assets of McEwen Mining Inc. from 1985 to 2025. This chart illustrates how McEwen Mining Inc.'s net assets have evolved over time, based on quarterly financial data. See MUX net asset quality index to measure how much of total assets are equity-financed.
Annual Net Assets for McEwen Mining Inc. (1985–2025)
The table below shows the annual net assets of McEwen Mining Inc. from 1985 to 2025. For live market cap and overall valuation, see MUX stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CA$546.24 Million ≈ $395.14 Million |
+10.36% |
| 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 |
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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 127519299900.0% over the analyzed period, potentially due to dividend distributions or operating losses.
McEwen Mining Inc. Net Assets Breakdown (December 2025)
McEwen Mining Inc. net assets breakdown by equity component as of December 2025.
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | CA$1.82 Billion | 333.47% |
| Total Equity | CA$546.24 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 |
|---|---|
|
Sinoseal Holding Co Ltd
SHE:300470
|
$838.88 Million |
|
Madhya Bharat Agro Products Limited
NSE:MBAPL
|
$839.19 Million |
|
Winstek Semiconductor Co Ltd
TWO:3265
|
$839.28 Million |
|
Bangkok Chain Hospital Public Company Limited
BK:BCH
|
$839.46 Million |
|
Shenzhen United Winners Laser Co Ltd
SHG:688518
|
$838.10 Million |
|
Tongyang Inc
KO:001525
|
$838.02 Million |
|
United Renewable Energy Co Ltd
TW:3576
|
$837.95 Million |
|
Kossan Rubber Industries Bhd
KLSE:7153
|
$837.93 Million |
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 2024 to 2025, total equity changed from 494,975,000 to 546,236,999, a change of 51,261,999 (10.4%).
- Net income of 34,433,999 contributed positively to equity growth.
- New share issuances of 4,868,000 increased equity.
- Other factors increased equity by 11,960,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$34.43 Million | +6.3% |
| Share Issuances | CA$4.87 Million | +0.89% |
| Other Changes | CA$11.96 Million | +2.19% |
| Total Change | CA$- | 10.36% |
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: 2.33x
- 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 0.83x to 2.33x 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$19.40 | x |
| 1986-12-31 | CA$51.52 | CA$19.40 | x |
| 1987-12-31 | CA$67.15 | CA$19.40 | x |
| 1988-12-31 | CA$61.58 | CA$19.40 | x |
| 1989-12-31 | CA$35.95 | CA$19.40 | x |
| 1990-12-31 | CA$-6.65 | CA$19.40 | x |
| 1991-12-31 | CA$-40.43 | CA$19.40 | x |
| 1992-12-31 | CA$2.83 | CA$19.40 | x |
| 1993-12-31 | CA$2.67 | CA$19.40 | x |
| 1994-12-31 | CA$4.20 | CA$19.40 | x |
| 1995-12-31 | CA$3.26 | CA$19.40 | x |
| 1996-12-31 | CA$3.56 | CA$19.40 | x |
| 1997-12-31 | CA$2.26 | CA$19.40 | x |
| 1998-12-31 | CA$1.05 | CA$19.40 | x |
| 1999-12-31 | CA$1.01 | CA$19.40 | x |
| 2000-12-31 | CA$0.93 | CA$19.40 | x |
| 2001-12-31 | CA$0.86 | CA$19.40 | x |
| 2002-12-31 | CA$0.42 | CA$19.40 | x |
| 2003-12-31 | CA$0.51 | CA$19.40 | x |
| 2004-12-31 | CA$0.38 | CA$19.40 | x |
| 2005-12-31 | CA$0.93 | CA$19.40 | x |
| 2006-12-31 | CA$12.56 | CA$19.40 | x |
| 2007-12-31 | CA$36.57 | CA$19.40 | x |
| 2008-12-31 | CA$18.10 | CA$19.40 | x |
| 2009-12-31 | CA$17.29 | CA$19.40 | x |
| 2010-12-31 | CA$13.06 | CA$19.40 | x |
| 2011-12-31 | CA$14.85 | CA$19.40 | x |
| 2012-12-31 | CA$34.06 | CA$19.40 | x |
| 2013-12-31 | CA$25.14 | CA$19.40 | x |
| 2014-12-31 | CA$14.82 | CA$19.40 | x |
| 2015-12-31 | CA$13.93 | CA$19.40 | x |
| 2016-12-31 | CA$14.74 | CA$19.40 | x |
| 2017-12-31 | CA$16.61 | CA$19.40 | x |
| 2018-12-31 | CA$14.41 | CA$19.40 | x |
| 2019-12-31 | CA$13.80 | CA$19.40 | x |
| 2020-12-31 | CA$9.05 | CA$19.40 | x |
| 2021-12-31 | CA$8.25 | CA$19.40 | x |
| 2022-12-31 | CA$6.81 | CA$19.40 | x |
| 2023-12-31 | CA$10.57 | CA$19.40 | x |
| 2024-12-31 | CA$9.70 | CA$19.40 | x |
| 2025-12-31 | CA$8.34 | CA$19.40 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently McEwen Mining Inc. utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 6.30%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 17.43%
- • Asset Turnover: 0.24x
- • Equity Multiplier: 1.50x
- Recent ROE (6.30%) is above the historical average (-12.23%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1985 | 2.33% | 28.57% | 0.08x | 1.03x | CA$-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 |
| 2025 | 6.30% | 17.43% | 0.24x | 1.50x | CA$-20.19 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: $22,118,038
- Average return on equity (ROE) among peers: 26.60%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| McEwen Mining Inc. (MUX) | CA$650.28 Million | 2.33% | 0.49x | $838.37 Million |
| AbraSilver Resource Corp. (ABRA) | $11.33 Million | -13.60% | 0.11x | $1.16 Billion |
| Archon Minerals Ltd (ACS) | $215.45K | 489.05% | 302.33x | $1.18 Million |
| Arctic Star Exploration Corp (ADD) | $4.13 Million | -73.65% | 0.19x | $1.73 Million |
| Adyton Resources Corp (ADY) | $12.43 Million | -5.18% | 0.02x | $80.71 Million |
| Adamera Minerals Corp. (ADZ) | $7.92 Million | -7.08% | 0.19x | $3.92 Million |
| Austral Gold Ltd (AGLD) | $142.71 Million | 17.56% | 0.29x | $65.15 Million |
| Clean Air Metals Inc (AIR) | $1.27 Million | -89.55% | 0.55x | $9.06 Million |
| Alpha Exploration Ltd (ALEX) | $4.99 Million | -37.44% | 0.27x | $22.04 Million |
| American Creek Resources Ltd (AMK) | $12.02 Million | -12.28% | 0.21x | $54.98 Million |
| Azucar Minerals Ltd (AMZ) | $24.16 Million | -1.79% | 0.01x | $4.54 Million |
About 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