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Basic Materials - Other Precious Metals - NYSE - CA
$ 11.37
3.46 %
$ 614 M
Market Cap
-19.95
P/E
1. INTRINSIC VALUE

This DCF valuation model was last updated on Jul, 6, 2025.

The intrinsic value of one MUX stock under the worst case scenario is HIDDEN Compared to the current market price of 11.4 USD, McEwen Mining Inc. is HIDDEN

This DCF valuation model was last updated on Jul, 6, 2025.

The intrinsic value of one MUX stock under the base case scenario is HIDDEN Compared to the current market price of 11.4 USD, McEwen Mining Inc. is HIDDEN

This DCF valuation model was last updated on Jul, 6, 2025.

The intrinsic value of one MUX stock under the best case scenario is HIDDEN Compared to the current market price of 11.4 USD, McEwen Mining Inc. is HIDDEN

2. FUNDAMENTAL ANALYSIS

Price Chart MUX

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$11.5$11.5$11.0$11.0$10.5$10.5$10.0$10.0$9.5$9.5$9.0$9.0$8.5$8.5$8.0$8.0$7.5$7.5$7.0$7.0$6.5$6.515 Jan15 JanFeb '25Feb '2515 Feb15 FebMar '25Mar '2515 Mar15 MarApr '25Apr '2515 Apr15 AprMay '25May '2515 May15 MayJun '25Jun '2515 Jun15 JunJul '25Jul '25
FINANCIALS
174 M REVENUE
4.96%
-50.6 M OPERATING INCOME
68.79%
-43.7 M NET INCOME
-79.01%
29.5 M OPERATING CASH FLOW
174.31%
-58 M INVESTING CASH FLOW
41.74%
19.2 M FINANCING CASH FLOW
-88.85%
35.7 M REVENUE
6.48%
-7.64 M OPERATING INCOME
47.48%
-6.27 M NET INCOME
23.83%
-1.93 M OPERATING CASH FLOW
-59.41%
-13.6 M INVESTING CASH FLOW
-5.35%
70.5 M FINANCING CASH FLOW
21211.68%
Balance Sheet McEwen Mining Inc.
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Current Assets 41.2 M
Cash & Short-Term Investments 15.3 M
Receivables 3.92 M
Other Current Assets 22 M
Non-Current Assets 623 M
Long-Term Investments 400 M
PP&E 211 M
Other Non-Current Assets 12.1 M
3.30 %60.24 %31.74 %Total Assets$664.6m
Current Liabilities 47.7 M
Accounts Payable 28.4 M
Short-Term Debt 1.58 M
Other Current Liabilities 17.7 M
Non-Current Liabilities 122 M
Long-Term Debt 41 M
Other Non-Current Liabilities 81 M
16.77 %10.42 %24.15 %47.74 %Total Liabilities$169.6m
EFFICIENCY
Earnings Waterfall McEwen Mining Inc.
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Revenue 174 M
Cost Of Revenue 144 M
Gross Profit 30.9 M
Operating Expenses 81.5 M
Operating Income -50.6 M
Other Expenses -6.88 M
Net Income -43.7 M
200m200m150m150m100m100m50m50m00(50m)(50m)(100m)(100m)174m(144m)31m(82m)(51m)7m(44m)RevenueRevenueCost Of RevenueCost Of RevenueGross ProfitGross ProfitOperating ExpensesOperating ExpensesOperating IncomeOperating IncomeOther ExpensesOther ExpensesNet IncomeNet Income
RATIOS
17.73% GROSS MARGIN
17.73%
-28.98% OPERATING MARGIN
-28.98%
-25.04% NET MARGIN
-25.04%
-8.83% ROE
-8.83%
-6.57% ROA
-6.57%
-7.64% ROIC
-7.64%
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis McEwen Mining Inc.
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20m20m00(20m)(20m)(40m)(40m)(60m)(60m)(80m)(80m)(100m)(100m)20162016201720172018201820192019202020202021202120222022202320232024202420252025
Net Income -43.7 M
Depreciation & Amortization 30.9 M
Capital Expenditures -43.1 M
Stock-Based Compensation 3.24 M
Change in Working Capital 12.3 M
Others 37 M
Free Cash Flow -13.6 M
3. WALL STREET ANALYSTS ESTIMATES
Wall Street Analysts Price Targets McEwen Mining Inc.
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Wall Street analysts predict an average 1-year price target for MUX of $15 , with forecasts ranging from a low of $15 to a high of $15 .
MUX Lowest Price Target Wall Street Target
15 USD 31.93%
MUX Average Price Target Wall Street Target
15 USD 31.93%
MUX Highest Price Target Wall Street Target
15 USD 31.93%
Price
Max Price Target
Min Price Target
Average Price Target
15151414131312121111101099887766Aug '24Aug '24Oct '24Oct '24Nov '24Nov '2420252025Feb '25Feb '25Apr '25Apr '25Jun '25Jun '25Jul '25Jul '25Aug '25Aug '25Oct '25Oct '25Nov '25Nov '2520262026Feb '26Feb '26Apr '26Apr '26Jun '26Jun '26Jul '26Jul '26
4. DIVIDEND ANALYSIS
0.56% DIVIDEND YIELD
0.05 USD DIVIDEND PER SHARE
Q1
Q2
Q3
Q4
0.120.120.100.100.080.080.060.060.040.040.020.020.000.000.050.050.050.050.050.100.050.100.050.100.050.100.002015201520162016201720172018201820192019
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5. COMPETITION
slide 2 of 4
6. Ownership
Insider Ownership McEwen Mining Inc.
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Sold
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19.1 K USD 1
6-9 MONTHS
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9-12 MONTHS
7. News
McEwen Mining Announces: Voting Results of the 2025 Annual Meeting of Shareholders; Change of Name to McEwen Inc. Effective July 7, 2025; Meeting Resources Now Available TORONTO, July 03, 2025 (GLOBE NEWSWIRE) -- McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) ("MUX" or the "Company”) announces the results of the MUX Annual Meeting of Shareholders held on June 19, 2025. Following shareholder approval, the Company has filed the Articles of Amendment with the Secretary of State to effect the approved name change on July 7, 2025. The Company will begin trading on the NYSE under its new name, McEwen Inc., on July 7, 2025, and on the TSX shortly thereafter. There will be no change in the Company's CUSIP or stock symbol. globenewswire.com - 6 days ago
McEwen (MUX) Soars 14.5%: Is Further Upside Left in the Stock? McEwen (MUX) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term. zacks.com - 1 week ago
Inventus Signs Milling Agreement With McEwen Mining TORONTO, July 02, 2025 (GLOBE NEWSWIRE) -- Inventus Mining Corp. (TSXV: IVS) (“Inventus” or the “Company”) is pleased to announce that it has signed a milling agreement with McEwen Mining for the processing of bulk sample material from its 100%-owned Pardo Gold Project, located 65 km northeast of Sudbury, Ontario. globenewswire.com - 1 week ago
Canadian Gold Corp. Closes Over-Subscribed Private Placement for New Hammond Reef South Program Flin Flon, Manitoba--(Newsfile Corp. - June 30, 2025) - Canadian Gold Corp. (TSXV: CGC) ("Canadian Gold" or the "Company") is pleased to announce that it has closed its non-brokered private placement (the "Offering") previously announced on June 19, 2025. The Company issued a total of 1,203,125 flow-through common shares, at a price of $0.32 per share, for gross proceeds of $385,000. newsfilecorp.com - 1 week ago
Canadian Gold Corp. Lifting of Evacuation Order in Flin Flon, Manitoba Flin Flon, Manitoba--(Newsfile Corp. - June 25, 2025) - Canadian Gold Corp. (TSXV: CGC) ("Canadian Gold" or the "Company") is pleased to share that the evacuation order affecting the Town of Flin Flon has been lifted, and it is therefore expected that critical services and other businesses will resume activities. Canadian Gold had temporarily paused drilling operations at its Tartan Mine Property near Flin Flon during the evacuation. newsfilecorp.com - 2 weeks ago
Goliath Significantly Upsizes Fully Funded 2025 Drill Program From 40,000 Up To 60,000 Meters Based On Newly Identified Widespread Abundant Visible Gold In Multiple Drill Holes At The Surebet High-Grade Gold Discovery, Golddigger Property, Golden Triangle, B.C. The previously announced 40,000 meter drill program has been increased up to 60,000 meters with 9 drill rigs that is fully funded on the Surebet high-grade gold discovery. This significantly upsized program is in light of the newly discovered widespread abundant visible gold seen with the naked eye in multiple reduced intrusion related gold (RIRG) dykes, as well as in the calc-silicate altered breccia during the re-logging initiative of core drilled between 2021 – 2024 that significantly expands the area of strong gold potential (see map below). globenewswire.com - 2 weeks ago
Canadian Gold Corp. Private Placement Offering for New Hammond Reef South Program to Follow up 2024 Surface Samples That Returned 35.4 g/t Gold Flin Flon, Manitoba--(Newsfile Corp. - June 19, 2025) - Canadian Gold Corp. (TSXV: CGC) ("Canadian Gold" or the "Company") is pleased to announce plans for a follow-up program on the discovery of the new high-grade zone (announced August 6, 2024), that returned 35.4 g/t and 7.1 g/t gold from surface samples at the Company's 100%-held Hammond Reef South property, located near Atikokan, Ontario. The Company's properties are adjacent to Agnico Eagle's fully permitted Hammond Reef Project, which contains a mineral resource of more than 5 million ounces of gold and occurs in the same geological environment (Fig. newsfilecorp.com - 2 weeks ago
Starting a New Chapter of Growth TORONTO, June 05, 2025 (GLOBE NEWSWIRE) -- McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) is pleased to announce a significant development at our Fox Complex's Stock Mine that will usher in a new chapter of growth. Construction of the ramp system is now underway to provide access to future lower-cost-per-ounce gold production. globenewswire.com - 1 month ago
Goliath Confirms Multiple Occurrences Of Visible Gold Over A 26 Meter Interval From Newly Identified RIRG Feeder Dyke On Surebet High-Grade Gold Discovery That Remains Wide Open, Golddigger Property, Golden Triangle, B.C. Multiple occurrences of gold visible to the naked eye have been identified across a 26.47 meter interval of intermediate granitoid Reduced Intrusion Related Gold (RIRG) feeder dyke in hole GD-22-64 from 274.15 to 300.62 m. This is one of the many RIRG dykes believed to be directly related to the causative intrusion responsible for the extensive high-grade gold mineralization confirmed at Surebet. globenewswire.com - 1 month ago
Searchlight Assigns Flin Flon North Project to Canadian Gold Corp. Vancouver, British Columbia--(Newsfile Corp. - June 2, 2025) - Searchlight Resources Inc. (TSXV: SCLT) (OTC Pink: SCLTF) ("Searchlight" or the "Company") is pleased to announce that it has entered into an agreement with Canadian Gold Corp. (CGC) to option the Company's Flin Flon North project to CGC, for total compensation of $130,000 cash and $200,000 in CGC shares. The Flin Flon North project includes five claims covering 5,644.6 hectares, located 10 km north of Flin Flon, Manitoba (Map 1). newsfilecorp.com - 1 month ago
Canadian Gold Corp. Signs Definitive Agreement with Option to Acquire Tartan West Property from Hudbay Minerals Inc. Unlocking an Additional 8 km of the Tartan Shear Zone Where Historic Shallow Drilling Returned 44.2 gpt over 2.5 Metres, 68.9 gpt over 1.1 Metres, 60 gpt over 1.1 Metres and 595.2 gpt over 0.2 Metres Flin Flon, Manitoba--(Newsfile Corp. - May 16, 2025) - Canadian Gold Corp. (TSXV: CGC) ("Canadian Gold" or the "Company") is pleased to announce that it has entered into an option agreement dated May 15, 2025 (the "Option Agreement") with Hudbay Minerals Inc. ("Hudbay") pursuant to which Hudbay has granted Canadian Gold an option to acquire 100% of the Tartan West property (the "Option") that is immediately adjacent to the Company's Tartan Mine (Fig. 1 & 2), near Flin Flon, Manitoba. newsfilecorp.com - 1 month ago
TNR Gold highlights progress at Los Azules following McEwen Mining update TNR Gold Corp (TSX-V:TNR, OTC:TRRXF) said Monday that McEwen Mining has made further progress on the development of the Los Azules copper project in Argentina, where TNR holds a 0.4% net smelter returns royalty. In its quarterly earnings update, McEwen Mining reported that its subsidiary, McEwen Copper, invested $21.3 million in the first quarter of 2025 to advance a feasibility study for the Los Azules project, one of the world's largest undeveloped copper deposits. proactiveinvestors.com - 1 month ago
8. Profile Summary

McEwen Mining Inc. MUX

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COUNTRY CA
INDUSTRY Other Precious Metals
MARKET CAP $ 614 M
Dividend Yield 0.56%
Description McEwen Mining Inc. engages in the exploration, development, production, and sale of gold and silver deposits in the United States, Canada, Mexico, and Argentina. The company also explores for copper deposits. It primarily owns a 100% interest in the Gold Bar mine in Eureka County, Nevada; the Black Fox gold mine in Ontario, Canada; the El Gallo Project and Fenix silver-gold project in Sinaloa, Mexico; the Los Azules copper deposit in San Juan, Argentina; and a portfolio of exploration properties in Nevada, Canada, Mexico, and Argentina. It also owns a 49% interest in the San José mine located in Argentina. The company was formerly known as US Gold Corporation and changed its name to McEwen Mining Inc. in January 2012. McEwen Mining Inc. was incorporated in 1979 and is headquartered in Toronto, Canada.
Contact 150 King Street West, Toronto, ON, M5H 1J9 https://www.mcewenmining.com
IPO Date May 7, 1980
Employees 1864
Officers Mr. Jeffrey Chan Vice President of Finance Mr. Rory Greyvensteyn Director of Operations - Canada Mr. Perry Y. Ing B.Com., C.A., C.F.A., CPA Chief Financial Officer Ms. Carmen L. Diges CFA, LL.M General Counsel & Secretary Mr. Kenneth D. Tylee P.Geo Exploration Manager Mr. Michael Meding Vice President of McEwen Copper Inc Mr. Robert Ross McEwen Chairman, Chief Executive Officer, President & Chief Owner Mr. Stefan M. Spears B.Sc. Vice President of Corporate Development Mr. William M. Shaver P.Eng. Interim Chief Operating Officer & Director Ms. Mihaela Iancu Head of Investor Relations