2024 Q1 Form 10-K Financial Statement

#000155837024003434 Filed on March 15, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2023 Q4 2023
Revenue $41.23M $58.68M $166.2M
YoY Change 18.63% 107.79% 50.55%
Cost Of Revenue $35.22M $45.04M $148.5M
YoY Change 16.19% 57.87% 33.79%
Gross Profit $6.011M $13.05M $17.78M
YoY Change 35.29% -4631.25% -3368.38%
Gross Profit Margin 14.58% 22.24% 10.7%
Selling, General & Admin $6.527M $5.684M $98.09M
YoY Change -82.36% -83.74% 24.76%
% of Gross Profit 108.58% 43.56% 551.66%
Research & Development $3.871M $3.741M $20.17M
YoY Change -34.39% 5.65% 34.69%
% of Gross Profit 64.4% 28.67% 113.43%
Depreciation & Amortization $7.436M $6.073M $30.36M
YoY Change 2.38% -17.55% 55.43%
% of Gross Profit 123.71% 46.54% 170.75%
Operating Expenses $11.26M $10.31M $122.1M
YoY Change -74.3% -73.91% 25.0%
Operating Profit -$21.98M $2.740M -$162.1M
YoY Change -48.68% -106.88% 69.81%
Interest Expense -$17.72M -$47.93M -$51.89M
YoY Change -768.24% -927.84% -383.89%
% of Operating Profit -1749.34%
Other Income/Expense, Net -$958.0K $352.0K $229.1M
YoY Change -116.28% -138.34% 1412.3%
Pretax Income -$22.94M $177.9M $67.04M
YoY Change -37.91% -609.23% -183.49%
Income Tax -$2.557M $36.69M $33.86M
% Of Pretax Income 20.62% 50.51%
Net Earnings -$20.38M $138.5M $55.30M
YoY Change -52.68% -470.55% -168.21%
Net Earnings / Revenue -49.44% 235.95% 33.27%
Basic Earnings Per Share -$0.41 $2.89 $1.16
Diluted Earnings Per Share -$0.41 $2.89 $1.16
COMMON SHARES
Basic Shares Outstanding 49.44M 47.49M 47.54M
Diluted Shares Outstanding 49.44M 47.84M 47.54M

Balance Sheet

Concept 2024 Q1 2023 Q4 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $23.56M $24.76M $24.76M
YoY Change -87.75% -39.72% -39.72%
Cash & Equivalents $21.99M $23.00M $23.02M
Short-Term Investments $1.569M $1.743M $1.743M
Other Short-Term Assets $3.157M $3.067M $3.067M
YoY Change -37.81% -48.64% -48.64%
Inventory $19.87M $19.94M $19.94M
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $52.02M $52.66M $52.66M
YoY Change -76.72% -35.51% -35.51%
LONG-TERM ASSETS
Property, Plant & Equipment $167.1M $170.0M $170.0M
YoY Change -51.2% -50.92% -50.92%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $402.6M $419.4M $419.4M
YoY Change 347.42% 348.75% 348.75%
Other Assets $672.0K $673.0K $15.26M
YoY Change -4.41% -39.15% 108.08%
Total Long-Term Assets $586.7M $604.6M $604.6M
YoY Change 29.17% 35.23% 35.23%
TOTAL ASSETS
Total Short-Term Assets $52.02M $52.66M $52.66M
Total Long-Term Assets $586.7M $604.6M $604.6M
Total Assets $638.7M $657.2M $657.2M
YoY Change -5.75% 24.31% 24.31%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $24.73M $22.66M $22.66M
YoY Change -46.42% -46.72% -46.72%
Accrued Expenses $894.0K $978.0K $978.0K
YoY Change -23.39% -19.51% -19.51%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $3.000M
YoY Change -81.25%
Total Short-Term Liabilities $37.91M $30.00M $30.00M
YoY Change -57.59% -64.36% -64.36%
LONG-TERM LIABILITIES
Long-Term Debt $40.00M $40.00M $40.00M
YoY Change -16.88% -25.9% -25.9%
Other Long-Term Liabilities $3.562M $3.840M $44.24M
YoY Change -20.97% 0.55% 29.07%
Total Long-Term Liabilities $43.56M $43.84M $84.24M
YoY Change 866.54% 1047.94% -4.55%
TOTAL LIABILITIES
Total Short-Term Liabilities $37.91M $30.00M $30.00M
Total Long-Term Liabilities $43.56M $43.84M $84.24M
Total Liabilities $156.2M $154.8M $154.8M
YoY Change -9.39% -10.22% -24.81%
SHAREHOLDERS EQUITY
Retained Earnings -$1.286B -$1.266B
YoY Change -5.72% -4.19%
Common Stock $1.769B $1.768B
YoY Change 0.85% 7.56%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $482.5M $502.4M $502.4M
YoY Change
Total Liabilities & Shareholders Equity $638.7M $657.2M $657.2M
YoY Change -5.75% 24.31% 24.31%

Cashflow Statement

Concept 2024 Q1 2023 Q4 2023
OPERATING ACTIVITIES
Net Income -$20.38M $138.5M $55.30M
YoY Change -52.68% -470.55% -168.21%
Depreciation, Depletion And Amortization $7.436M $6.073M $30.36M
YoY Change 2.38% -17.55% 55.43%
Cash From Operating Activities $3.881M $16.41M -$39.64M
YoY Change -113.57% -303.61% -32.37%
INVESTING ACTIVITIES
Capital Expenditures $4.575M $8.072M $60.26M
YoY Change -7.58% 14.55% 149.13%
Acquisitions
YoY Change
Other Investing Activities -$39.68M -$39.38M
YoY Change -13869.58%
Cash From Investing Activities -$4.575M -$47.75M -$99.64M
YoY Change -7.58% 577.56% 316.87%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $25.00M
YoY Change
Cash From Financing Activities -142.0K 13.30M 172.2M
YoY Change -100.08% 332450.0% 163.05%
NET CHANGE
Cash From Operating Activities 3.881M 16.41M -39.64M
Cash From Investing Activities -4.575M -47.75M -99.64M
Cash From Financing Activities -142.0K 13.30M 172.2M
Net Change In Cash -1.092M -18.04M -16.07M
YoY Change -100.72% 19.48% -5.78%
FREE CASH FLOW
Cash From Operating Activities $3.881M $16.41M -$39.64M
Capital Expenditures $4.575M $8.072M $60.26M
Free Cash Flow -$694.0K $8.333M -$99.89M
YoY Change -97.93% -155.17% 20.65%

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CY2023 us-gaap Nature Of Operations
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<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 12pt 0pt;"><b style="font-weight:bold;">NOTE 1 NATURE OF OPERATIONS</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt 0pt 12pt 0pt;">McEwen Mining Inc. (the “Company”) was organized under the laws of the State of Colorado on July 24, 1979. The Company is engaged in the exploration, development, production and sale of gold and silver and exploration and development of copper. </p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">The Company operates in the United States, Canada, Mexico and Argentina. The Company owns a 100% interest in the Gold Bar gold mine in Nevada, the Fox Complex in Ontario, Canada, the Fenix Project in Mexico and a portfolio of exploration properties in Nevada, Canada, Mexico and Argentina. As of December 31, 2023, the Company also owns a 47.7% interest in McEwen Copper Inc. (“McEwen Copper”), owner of the Los Azules copper project in San Juan, Argentina and a 49.0% interest in Minera Santa Cruz S.A. (“MSC”), owner of the producing San José silver-gold mine in Santa Cruz, Argentina, which is operated by the joint venture majority owner Hochschild Mining plc. The Company reports its investments in McEwen Copper and MSC as equity investments. </p>
CY2023 us-gaap Use Of Estimates
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<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><b style="font-weight:bold;">Basis of Presentation and Use of Estimates:</b>  </p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><span style="visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt 0pt 12pt 0pt;">The Company’s consolidated financial statements have been prepared in accordance with generally accepted accounting principles in United States of America (“US GAAP”). The preparation of the Company’s consolidated financial statements requires the Company to make estimates and assumptions that affect the reported amounts of assets and liabilities and the related disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of expenses during the reporting period. The more significant areas requiring the use of management estimates and assumptions relate to environmental reclamation and closure obligations; asset useful lives utilized for depletion, depreciation, amortization and accretion calculations; fair value of equity investments and the impairment test; recoverable gold in leach pad inventory; current and long-term inventory; mine development capitalization costs; the collectability of value-added taxes receivable; the amount of mineral reserves; valuation allowances for deferred tax assets; income and mining tax provisions; and reserves for contingencies and litigation. The Company bases its estimates on historical experience and on various other assumptions that are believed to be reasonable under the circumstances. Actual results may differ significantly from these estimates. </p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 12pt 0pt;">References to “C$” refer to Canadian dollar.</p>
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CY2022 mux Operating Lease Interest Expense
OperatingLeaseInterestExpense
140000
CY2023 us-gaap Operating Lease Cost
OperatingLeaseCost
2738000
CY2022 us-gaap Operating Lease Cost
OperatingLeaseCost
3005000
CY2023 us-gaap Operating Lease Expense
OperatingLeaseExpense
72000
CY2022 us-gaap Operating Lease Expense
OperatingLeaseExpense
152000
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
287000
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
95000
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
382000
CY2023Q4 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
786000
CY2023Q4 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
235000
CY2023Q4 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
207000
CY2023Q4 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
1228000
CY2023Q4 mux Lease Liability Payments Due Next Twelve Months
LeaseLiabilityPaymentsDueNextTwelveMonths
1073000
CY2023Q4 mux Lease Liability Payments Due Year Two
LeaseLiabilityPaymentsDueYearTwo
330000
CY2023Q4 mux Lease Liability Payments Due Year Three
LeaseLiabilityPaymentsDueYearThree
207000
CY2023Q4 mux Lease Liability Payments Due
LeaseLiabilityPaymentsDue
1610000
CY2023Q4 mux Lease Liability Undiscounted Excess Amount
LeaseLiabilityUndiscountedExcessAmount
-144000
CY2023Q4 mux Lease Liability Undiscounted Lease Payments
LeaseLiabilityUndiscountedLeasePayments
1466000
CY2023Q2 mux Repayments Of Debt Principal
RepaymentsOfDebtPrincipal
25000000.0
CY2023Q2 us-gaap Debt Instrument Periodic Payment Terms Balloon Payment To Be Paid
DebtInstrumentPeriodicPaymentTermsBalloonPaymentToBePaid
21000000.0
CY2022Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
63979000
CY2021Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
48866000
CY2022 us-gaap Proceeds From Issuance Of Subordinated Long Term Debt
ProceedsFromIssuanceOfSubordinatedLongTermDebt
15000000
CY2023 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
25000000
CY2023 us-gaap Interest Expense Long Term Debt
InterestExpenseLongTermDebt
5749000
CY2022 us-gaap Interest Expense Long Term Debt
InterestExpenseLongTermDebt
5488000
CY2023 us-gaap Debt Instrument Periodic Payment Interest
DebtInstrumentPeriodicPaymentInterest
4728000
CY2022 us-gaap Debt Instrument Periodic Payment Interest
DebtInstrumentPeriodicPaymentInterest
4875000
CY2022 mux Debt Amendment Equity
DebtAmendmentEquity
500000
CY2023Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
40000000
CY2022Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
63979000
CY2022Q4 us-gaap Debt Current
DebtCurrent
10000000
CY2023Q4 us-gaap Long Term Debt
LongTermDebt
40000000
CY2022Q4 us-gaap Long Term Debt
LongTermDebt
53979000
CY2022Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
41846000
CY2021Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
35452000
CY2023 us-gaap Asset Retirement Obligation Liabilities Settled
AssetRetirementObligationLiabilitiesSettled
1358000
CY2022 us-gaap Asset Retirement Obligation Liabilities Settled
AssetRetirementObligationLiabilitiesSettled
774000
CY2023 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
2536000
CY2022 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
2354000
CY2023 us-gaap Asset Retirement Obligation Revision Of Estimate
AssetRetirementObligationRevisionOfEstimate
-300000
CY2022 us-gaap Asset Retirement Obligation Revision Of Estimate
AssetRetirementObligationRevisionOfEstimate
5664000
CY2023 us-gaap Asset Retirement Obligation Foreign Currency Translation Gain Loss
AssetRetirementObligationForeignCurrencyTranslationGainLoss
297000
CY2022 us-gaap Asset Retirement Obligation Foreign Currency Translation Gain Loss
AssetRetirementObligationForeignCurrencyTranslationGainLoss
-850000
CY2023Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
43021000
CY2022Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
41846000
CY2023Q4 us-gaap Asset Retirement Obligation Current
AssetRetirementObligationCurrent
3105000
CY2022Q4 us-gaap Asset Retirement Obligation Current
AssetRetirementObligationCurrent
12576000
CY2023Q4 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
39916000
CY2022Q4 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
29270000
CY2023 mux Reclamation Adjustments
ReclamationAdjustments
157000
CY2022 mux Reclamation Adjustments
ReclamationAdjustments
991000
CY2021 mux Reclamation Adjustments
ReclamationAdjustments
1045000
CY2023 us-gaap Accretion Expense
AccretionExpense
2536000
CY2022 us-gaap Accretion Expense
AccretionExpense
2354000
CY2021 us-gaap Accretion Expense
AccretionExpense
2405000
CY2023 mux Asset Retirement Obligation Reclamation Gross
AssetRetirementObligationReclamationGross
2693000
CY2022 mux Asset Retirement Obligation Reclamation Gross
AssetRetirementObligationReclamationGross
3345000
CY2021 mux Asset Retirement Obligation Reclamation Gross
AssetRetirementObligationReclamationGross
3450000
CY2022Q3 us-gaap Stockholders Equity Note Stock Split Conversion Ratio1
StockholdersEquityNoteStockSplitConversionRatio1
1
CY2022Q3 us-gaap Stock Issued During Period Shares Reverse Stock Splits
StockIssuedDuringPeriodSharesReverseStockSplits
10
CY2022Q3 us-gaap Stockholders Equity Note Changes In Capital Structure Subsequent Changes To Number Of Common Shares
StockholdersEquityNoteChangesInCapitalStructureSubsequentChangesToNumberOfCommonShares
1
CY2022Q3 us-gaap Share Price
SharePrice
1
CY2022Q3 mux Common And Preferred Stock Shares Authorized
CommonAndPreferredStockSharesAuthorized
675000002
CY2022Q3 mux Common And Preferred Stock Shares Authorized
CommonAndPreferredStockSharesAuthorized
200000002
CY2022Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
200000000
CY2022Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
2
CY2022Q3 mux Common And Preferred Stock Shares Authorized
CommonAndPreferredStockSharesAuthorized
200000002
CY2023Q2 mux Common And Preferred Stock Shares Authorized
CommonAndPreferredStockSharesAuthorized
210000000
CY2023Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
200000000
CY2023Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
951170
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
447787
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
701000
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
15.51
CY2020 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P4Y2M12D
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
53000
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
95000
CY2021 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
12.21
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
10000
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
159000
CY2021 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
14.56
CY2021 mux Share Based Compensation Arrangement By Share Based Payment Award Options Forfeited In Period Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeitedInPeriodIntrinsicValue
2000
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
20000
CY2021 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
71.00
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
617000
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
13.43
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P4Y2M12D
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
53000
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
159000
CY2022 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
12.27
CY2022 mux Share Based Compensation Arrangement By Share Based Payment Award Options Forfeited In Period Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeitedInPeriodIntrinsicValue
2000
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
10000
CY2022 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
27.80
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
448000
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
13.43
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P2Y7M6D
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
570000
CY2023 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
7.10
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
67000
CY2023 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
11.45
CY2023 mux Share Based Compensation Arrangement By Share Based Payment Award Options Forfeited In Period Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeitedInPeriodIntrinsicValue
3000
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
951000
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
9.78
CY2023 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P3Y
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
61000
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
385000
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
13.53
CY2023 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P1Y6M
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0444
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMinimum
0.00519
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMaximum
0.00873
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.0000
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.0000
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.67
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.63
CY2023 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P3Y
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P3Y6M
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
3.36
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
1.22
CY2023 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
300000
CY2022 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
300000
CY2021 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
800000
CY2023 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
400000
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
800000
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
800000
CY2023Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
1900000
CY2022Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
100000
CY2021Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
600000
CY2023 mux Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options Number
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptionsNumber
600000
CY2022 mux Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options Number
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptionsNumber
400000
CY2021 mux Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options Number
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptionsNumber
400000
CY2023 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P1Y6M
CY2022 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P0Y10M24D
CY2021 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P1Y4M24D
CY2023 us-gaap Net Income Loss
NetIncomeLoss
55299000
CY2022 us-gaap Net Income Loss
NetIncomeLoss
-81075000
CY2021 us-gaap Net Income Loss
NetIncomeLoss
-56712000
CY2023 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
47544000
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
47427000
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
45490000
CY2023 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
47544000
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
47427000
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
45490000
CY2023 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.16
CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.71
CY2021 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.25
CY2023Q4 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
40000000.0
CY2022Q4 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
64000000.0
CY2023Q4 mux Operating Leases Future Minimum Payments Due Mining And Surface Rights Due In Next Twelve Months
OperatingLeasesFutureMinimumPaymentsDueMiningAndSurfaceRightsDueInNextTwelveMonths
2082000
CY2023Q4 mux Operating Leases Future Minimum Payments Due Mining And Surface Rights Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueMiningAndSurfaceRightsDueInTwoYears
1002000
CY2023Q4 mux Operating Leases Future Minimum Payments Due Mining And Surface Rights Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueMiningAndSurfaceRightsDueInThreeYears
673000
CY2023Q4 mux Operating Leases Future Minimum Payments Due Mining And Surface Rights Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueMiningAndSurfaceRightsDueInFourYears
660000
CY2023Q4 mux Operating Leases Future Minimum Payments Due Mining And Surface Rights Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueMiningAndSurfaceRightsDueThereafter
35000
CY2023Q4 mux Operating Leases Future Minimum Payments Due Mining And Surface Rights Due
OperatingLeasesFutureMinimumPaymentsDueMiningAndSurfaceRightsDue
4452000
CY2023Q4 mux Reclamation Costs Due In Next Twelve Months
ReclamationCostsDueInNextTwelveMonths
9608000
CY2023Q4 mux Reclamation Costs Due In Second Year
ReclamationCostsDueInSecondYear
3152000
CY2023Q4 mux Reclamation Costs Due In Third Year
ReclamationCostsDueInThirdYear
4220000
CY2023Q4 mux Reclamation Costs Due In Fourth Year
ReclamationCostsDueInFourthYear
8473000
CY2023Q4 mux Reclamation Costs Due Thereafter
ReclamationCostsDueThereafter
27002000
CY2023Q4 mux Reclamation Costs
ReclamationCosts
52455000
CY2023Q4 mux Long Term Debt Obligations In Second Year
LongTermDebtObligationsInSecondYear
12000000
CY2023Q4 mux Long Term Debt Obligations In Third Year
LongTermDebtObligationsInThirdYear
28000000
CY2023Q4 mux Long Term Debt Obligations
LongTermDebtObligations
40000000
CY2023Q4 mux Lease Liability Payments Due Next Twelve Months
LeaseLiabilityPaymentsDueNextTwelveMonths
1073000
CY2023Q4 mux Lease Liability Payments Due Year Two
LeaseLiabilityPaymentsDueYearTwo
330000
CY2023Q4 mux Lease Liability Payments Due Year Three
LeaseLiabilityPaymentsDueYearThree
207000
CY2023Q4 mux Lease Liability Payments Due
LeaseLiabilityPaymentsDue
1610000
CY2023Q4 us-gaap Contractual Obligation Due In Next Twelve Months
ContractualObligationDueInNextTwelveMonths
12763000
CY2023Q4 us-gaap Contractual Obligation Due In Second Year
ContractualObligationDueInSecondYear
16484000
CY2023Q4 us-gaap Contractual Obligation Due In Third Year
ContractualObligationDueInThirdYear
33100000
CY2023Q4 us-gaap Contractual Obligation Due In Fourth Year
ContractualObligationDueInFourthYear
9133000
CY2023Q4 mux Contractual Obligation To Be Paid After Year Four
ContractualObligationToBePaidAfterYearFour
27037000
CY2023Q4 us-gaap Contractual Obligation
ContractualObligation
98517000
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
27510000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
43579000
CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
23000000.0
CY2023Q4 us-gaap Restricted Cash Current
RestrictedCashCurrent
16100000
CY2022Q4 us-gaap Restricted Cash Current
RestrictedCashCurrent
14100000
CY2023 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
971000
CY2023 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
-4107000
CY2022 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
7663000
CY2023 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
-3136000
CY2022 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
7663000
CY2021 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
387000
CY2023 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-36995000
CY2022 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
1856000
CY2021 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
6928000
CY2023 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-36995000
CY2022 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
1856000
CY2021 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
7315000
CY2023 mux Total Income And Mining Tax Expense To Current Federal Tax Benefit
TotalIncomeAndMiningTaxExpenseToCurrentFederalTaxBenefit
971000
CY2021 mux Total Income And Mining Tax Expense To Current Federal Tax Benefit
TotalIncomeAndMiningTaxExpenseToCurrentFederalTaxBenefit
-387000
CY2023 mux Total Income And Mining Current Foreign Tax Expense Benefit
TotalIncomeAndMiningCurrentForeignTaxExpenseBenefit
32888000
CY2022 mux Total Income And Mining Current Foreign Tax Expense Benefit
TotalIncomeAndMiningCurrentForeignTaxExpenseBenefit
5806000
CY2021 mux Total Income And Mining Current Foreign Tax Expense Benefit
TotalIncomeAndMiningCurrentForeignTaxExpenseBenefit
-6928000
CY2023 mux Total Income And Mining Tax Expense Recovery
TotalIncomeAndMiningTaxExpenseRecovery
33859000
CY2022 mux Total Income And Mining Tax Expense Recovery
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