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Mcewen Mining Inc

www: www.mcewenmining.com   email: info@mcewenmining.com
Category: Mid-tier Producer
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Symbol Data

Symbol Currency
NYSE:MUX USD
TSE:MUX CAD

Description

Mcewen Mining Inc are a gold focused mid-tier producer with two producing mines in Argentina and Canada, one mine in development in USA and one exploration property. Currently they produce roughly 135koz. of gold per year. They have approximately 3Moz. of gold in the reserves and resources category of which 2Moz. are in the measured and indicated category. They have a market capitalisation of ~$497.43M which is a rise of roughly 19% over the last five months. As of 03/04/2024 they have ~$40M debt and ~$22M cash. They have 49M shares outstanding and trade on the New York Stock Exchange and the Toronto Stock Exchange.

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General Details

Financial 03/04/2024
Last
Analysis
Data

Current Data

Change
Item Value Value Updated Value
MCap (FD): $416.84M $497.43M 03/04/2024 $80.59M
Total Assets: $500.00M $500.00M 03/04/2024 $0.00M
Total Liabilities: $125.00M $125.00M 03/04/2024 $0.00M
Current Assets: $22.00M $22.00M 03/04/2024 $0.00M
Current Liabilities: $36.00M $36.00M 03/04/2024 $0.00M
Total Debt: $40.00M $40.00M 03/04/2024 $0.00M
Cash: $22.00M $22.00M 03/04/2024 $0.00M
Enterprise Value: $434.84M $515.43M 05/02/1986 $80.59M
Cash Flow: $42.01M $81.31M never $39.30M
Cash Flow Multiple: 9.92 6.12 never -3.80
Net Debt to
Cash Flow Ratio:
0.43 0.22 never -0.21
Finance within 1 year: 03/04/2024 n/a
Misc 03/04/2024
Last
Analysis
Data

Current Data

Change
Item Value Value Updated Value
Shares Outstanding: 49,439,696 49,439,696 03/04/2024 0
Shares (FD): 53,372,082 53,372,082 03/04/2024 0
Insider Ownership: n/a 20% 05/31/2024 20%
Dividend (Annual): n/a n/a never n/a
Company Type: Mostly Gold Mostly Gold never n/a
Production ETA: n/a n/a 03/04/2024 n/a
Production (Gold Eq Oz.): (guess) 
135,000
(guess) 
135,000
03/04/2024 0
Production (Silver Eq Oz.): (guess) 
12,056,345
(guess) 
11,171,564
03/04/2024 -884,781
Initial CapEx (Outstanding): n/a n/a 03/04/2024 n/a
Funding Option: n/a n/a 03/04/2024 n/a
Documentation: none PRODUCER 05/31/2024 n/a
Future MCap Modifier: 0.15
Producer: Average
0.15
Producer: Average
04/24/2023 0
Cash Flow Multiplier: 15 12 03/31/2024 -3.00

Resource Data

GOLD 03/04/2024
Last Analysis
Data

Current Data

Change
Item Value Value Updated Value
O
U
N
C
E
S
T
O
T
A
L
Proven & Probable: 0.50M 0.50M 03/04/2024 0.00M
Measured & Indicated: 2.00M 2.00M 03/04/2024 0.00M
Inferred: 1.00M 1.00M 03/04/2024 0.00M
Reserves & Resources: 3.00M 3.00M never 0.00M
P
L
A
U
S
I
B
L
E
Proven & Probable: 0.40M 0.40M 03/04/2024 0.00M
Measured & Indicated: 1.36M 1.36M 03/04/2024 0.00M
Inferred: 0.40M 0.40M 03/04/2024 0.00M
Reserves & Resources: 1.76M 1.76M never 0.00M
C
U
R
R
E
N
T
Annual Production: (guess) 
135,000oz.
(guess) 
135,000oz.
03/04/2024 0oz.
Cash Cost: $1,250 $1,250 03/04/2024 $0.00
Extra Operating Cost: $550 $550 03/04/2024 $0.00
Total: $1,800 $1,800 03/04/2024 $0.00
Margin (Free Cash Flow): $311 (15%) $602 (25%) $291.10
G
R
A
D
E
Underground (Avg): 1.00 g/t 4.00 g/t 03/23/2024 3.00 g/t
Open Pit (Avg): n/a 1.00 g/t 03/23/2024 1.00 g/t
Recovery Rate: (CG)  80.00% (CG)  80.00% 05/31/2024 0.00%
F
U
T
U
R
E
Proven & Probable: 2.00M 2.00M 03/04/2024 0.00M
Annual Production: 150,000oz. 150,000oz. 03/04/2024 0oz.
Cash Cost: $1,350 $1,350 03/04/2024 $0
Extra Operating Cost: $550 $550 03/04/2024 $0
SILVER 03/04/2024
Last Analysis
Data

Current Data

Change
Item Value Value Updated Value
O
U
N
C
E
S
T
O
T
A
L
Proven & Probable: n/a n/a 03/04/2024 0.00M
Measured & Indicated: n/a n/a 03/04/2024 0.00M
Inferred: n/a n/a 03/04/2024 0.00M
Reserves & Resources: n/a n/a never 0.00M
P
L
A
U
S
I
B
L
E
Proven & Probable: n/a n/a 03/04/2024 0.00M
Measured & Indicated: n/a n/a 03/04/2024 0.00M
Inferred: n/a n/a 03/04/2024 0.00M
Reserves & Resources: n/a n/a never 0.00M
C
U
R
R
E
N
T
Annual Production: n/a n/a 0oz.
Cash Cost: n/a n/a 03/04/2024 $0.00
Extra Operating Cost: n/a n/a 03/04/2024 $0.00
Total: n/a n/a 03/04/2024 $0.00
Margin (Free Cash Flow): n/a $0.00
G
R
A
D
E
Underground (Avg): n/a n/a 03/04/2024 n/a
Open Pit (Avg): n/a n/a 03/04/2024 n/a
Recovery Rate: n/a n/a 05/31/2024 15.00%
F
U
T
U
R
E
Proven & Probable: n/a n/a 03/04/2024 0.00M
Annual Production: n/a n/a 03/04/2024 n/a
Cash Cost: n/a n/a 03/04/2024 n/a
Extra Operating Cost: n/a n/a 03/04/2024 n/a

Property

Last Analysis Data  (03/04/2024)
Stage Name Owned Au Ag Cu Notes
Prod San Jose 49% n/a
Prod Black Fox / Grey Fox 100% show
2.3 million oz.

Acquired from Primero.
Exp El Gallo - Fenix 100% show
Developing.

6 million oz of silver annually.

$150 million capex.
Dev Gold Bar 100% show
Currently permitting.

Planning to produce 50,000 oz per year.
Current Data
Stage Name Owned Au Ag Cu Notes
Prod San Jose 49% n/a
Prod Black Fox / Grey Fox 100% show
2.3 million oz.

Acquired from Primero.
Exp El Gallo - Fenix 100% show
Developing.

6 million oz of silver annually.

$150 million capex.
Dev Gold Bar 100% show
Currently permitting.

Planning to produce 50,000 oz per year.

Profitability (by resource)

Proven &
Probable
03/04/2024
Last Analysis
Data

Current Data

Change
Item Value Value Updated Value
Percentage Gold: 100.00% 100.00% n/a 0.00%
Percentage Silver: n/a n/a n/a 0.00%
Total (Gold Eq. Oz.): 0.50M 0.50M n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a -3.28M
P

L

A

U

S

I

B

L

E
Gold Eq. Oz.: 0.40M 0.40M n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a -2.62M
Maximum Profit (Gold): $124.48M $240.92M n/a $116.44M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $124.48M $240.92M n/a $116.44M
Max Profit / Current MCap: 0.299 0.484 n/a 0.186
Max Profit Per Share (Gold): $2.33 $4.51 n/a $2.18
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $2.33 $4.51 n/a $2.18
Total Free Profit Per Share: $0.00 $0.00 n/a $0.00
FD MCap / Gold Eq.: $1,042.09 $1,243.57 n/a $201.48
FD MCap / Silver Eq.: $11.67 $15.03 n/a $3.36
FD MCap / Per Metal
as % Spot Price:
49.36% 51.77% n/a 2.41%
Measured &
Indicated
03/04/2024
Last Analysis
Data

Current Data

Change
Item Value Value Updated Value
Percentage Gold: 100.00% 100.00% n/a 0.00%
Percentage Silver: n/a n/a n/a 0.00%
Total (Gold Eq. Oz.): 2.00M 2.00M n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a -13.11M
P

L

A

U

S

I

B

L

E
Gold Eq. Oz.: 1.36M 1.36M n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a -8.91M
Maximum Profit (Gold): $423.23M $819.13M n/a $395.90M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $423.23M $819.13M n/a $395.90M
Max Profit / Current MCap: 1.015 1.647 n/a 0.631
Max Profit Per Share (Gold): $7.93 $15.35 n/a $7.42
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $7.93 $15.35 n/a $7.42
Total Free Profit Per Share: $0.12 $6.03 n/a $5.91
FD MCap / Gold Eq.: $306.50 $365.76 n/a $59.26
FD MCap / Silver Eq.: $3.43 $4.42 n/a $0.99
FD MCap / Per Metal
as % Spot Price:
14.52% 15.23% n/a 0.71%

Reserves &
Resources
03/04/2024
Last Analysis
Data

Current Data

Change
Item Value Value Updated Value
Percentage Gold: 100.00% 100.00% n/a 0.00%
Percentage Silver: n/a n/a n/a 0.00%
Total (Gold Eq. Oz.): 3.00M 3.00M n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a -19.66M
P

L

A

U

S

I

B

L

E
Gold Eq. Oz.: 1.76M 1.76M n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a -11.53M
Maximum Profit (Gold): $547.71M $1,060.05M n/a $512.34M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $547.71M $1,060.05M n/a $512.34M
Max Profit / Current MCap: 1.314 2.131 n/a 0.817
Max Profit Per Share (Gold): $10.26 $19.86 n/a $9.60
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $10.26 $19.86 n/a $9.60
Total Free Profit Per Share: $2.45 $10.54 n/a $8.09
FD MCap / Gold Eq.: $236.84 $282.63 n/a $45.79
FD MCap / Silver Eq.: $2.65 $3.42 n/a $0.76
FD MCap / Per Metal
as % Spot Price:
11.22% 11.76% n/a 0.55%

Future Valuation (Cash Flow & Totals)

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