$MUX
McEwen Mining Inc.

2023 Q2 Form 10-Q Financial Statement

#000155837023008500 Filed on May 08, 2023

View on sec.gov

Income Statement

Concept 2023 Q2 2023 Q1
Revenue $34.40M $34.75M
YoY Change 12.23% 36.06%
Cost Of Revenue $37.86M $30.31M
YoY Change 43.36% -3.89%
Gross Profit -$3.468M $4.443M
YoY Change -181.89% -174.12%
Gross Profit Margin -10.08% 12.78%
Selling, General & Admin $31.85M $37.00M
YoY Change 83.27% 182.11%
% of Gross Profit 832.79%
Research & Development $5.852M $5.900M
YoY Change 36.31% 240.06%
% of Gross Profit 132.79%
Depreciation & Amortization $8.517M $7.263M
YoY Change 119.17% 101.41%
% of Gross Profit 163.47%
Operating Expenses $38.63M $43.81M
YoY Change 65.69% 2425.24%
Operating Profit -$43.01M -$42.83M
YoY Change 159.59% 77.66%
Interest Expense -$3.223M $2.651M
YoY Change -145.34% 295.08%
% of Operating Profit
Other Income/Expense, Net -$2.298M $5.885M
YoY Change -155.2% 163.78%
Pretax Income -$45.31M -$36.95M
YoY Change 265.23% 68.87%
Income Tax -$2.049M -$536.0K
% Of Pretax Income
Net Earnings -$21.63M -$43.08M
YoY Change 73.68% 122.88%
Net Earnings / Revenue -62.88% -123.95%
Basic Earnings Per Share -$0.46 -$0.91
Diluted Earnings Per Share -$0.46 -$0.91
COMMON SHARES
Basic Shares Outstanding 47.43M 47.43M
Diluted Shares Outstanding 47.43M 47.43M

Balance Sheet

Concept 2023 Q2 2023 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $114.0M $192.4M
YoY Change 145.63% 190.55%
Cash & Equivalents $84.80M $190.8M
Short-Term Investments $29.19M $1.591M
Other Short-Term Assets $5.609M $5.076M
YoY Change 11.33% -48.55%
Inventory $24.05M $23.56M
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $144.9M $223.5M
YoY Change 100.41% 134.5%
LONG-TERM ASSETS
Property, Plant & Equipment $338.9M $342.5M
YoY Change -1.24% -0.15%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $88.78M $89.99M
YoY Change -3.57% 0.17%
Other Assets $757.0K $703.0K
YoY Change -22.99% 13.39%
Total Long-Term Assets $448.3M $454.2M
YoY Change -0.01% 3.12%
TOTAL ASSETS
Total Short-Term Assets $144.9M $223.5M
Total Long-Term Assets $448.3M $454.2M
Total Assets $593.2M $677.7M
YoY Change 13.93% 26.49%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $35.11M $46.16M
YoY Change 35.95% 8.77%
Accrued Expenses $1.070M $1.167M
YoY Change -50.71% -53.02%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $16.00M
YoY Change
Total Short-Term Liabilities $52.90M $89.39M
YoY Change 19.68% 51.24%
LONG-TERM LIABILITIES
Long-Term Debt $40.00M $48.12M
YoY Change -37.2% -24.28%
Other Long-Term Liabilities $4.240M $4.507M
YoY Change 46.06% 54.93%
Total Long-Term Liabilities $44.24M $4.507M
YoY Change -33.57% -93.22%
TOTAL LIABILITIES
Total Short-Term Liabilities $52.90M $89.39M
Total Long-Term Liabilities $44.24M $4.507M
Total Liabilities $131.1M $172.4M
YoY Change -5.45% 10.23%
SHAREHOLDERS EQUITY
Retained Earnings -$1.386B -$1.364B
YoY Change 8.83% 8.31%
Common Stock $1.754B $1.754B
YoY Change 7.38% 7.87%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $368.1M $389.7M
YoY Change
Total Liabilities & Shareholders Equity $593.2M $677.7M
YoY Change 13.93% 26.49%

Cashflow Statement

Concept 2023 Q2 2023 Q1
OPERATING ACTIVITIES
Net Income -$21.63M -$43.08M
YoY Change 73.68% 122.88%
Depreciation, Depletion And Amortization $8.517M $7.263M
YoY Change 119.17% 101.41%
Cash From Operating Activities -$25.15M -$28.61M
YoY Change -12.46% 83.15%
INVESTING ACTIVITIES
Capital Expenditures $30.86M $4.950M
YoY Change -833.61% -222.37%
Acquisitions
YoY Change
Other Investing Activities $295.0K
YoY Change 3.15%
Cash From Investing Activities -$30.57M -$4.950M
YoY Change 679.6% 22.37%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -25.54M 185.0M
YoY Change -354.28% 527.89%
NET CHANGE
Cash From Operating Activities -25.15M -28.61M
Cash From Investing Activities -30.57M -4.950M
Cash From Financing Activities -25.54M 185.0M
Net Change In Cash -81.26M 151.4M
YoY Change 259.38% 1445.77%
FREE CASH FLOW
Cash From Operating Activities -$25.15M -$28.61M
Capital Expenditures $30.86M $4.950M
Free Cash Flow -$56.02M -$33.56M
YoY Change 128.38% 189.92%

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CY2022Q4 us-gaap Asset Retirement Obligation
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CY2022 us-gaap Asset Retirement Obligation Accretion Expense
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CY2022 us-gaap Asset Retirement Obligation Revision Of Estimate
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CY2023Q1 us-gaap Asset Retirement Obligation Foreign Currency Translation Gain Loss
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CY2023Q1 mux Reclamation Adjustments
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CY2023Q1 mux Reclamation And Remediation Expense
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CY2022Q1 mux Reclamation And Remediation Expense
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CY2023Q1 us-gaap Debt Instrument Interest Rate Stated Percentage
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CY2023Q1 us-gaap Long Term Debt Fair Value
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CY2022Q4 us-gaap Long Term Debt Fair Value
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