McEWEN INC.

MUX ·Basic Materials, Gold
Financial Statements Income Statement
Annual Quarterly

Income Statement

Line Item FY2026 FY2025 FY2024 FY2023 FY2022 FY2021 FY2020 FY2019
Revenue $197.6M $174.5M $166.2M $110.4M $136.5M $104.8M $117.0M
Cost of Revenue
Gross Profit $47.6M $30.9M $17.8M $-544.0K $-6.5M $-26.9M $9.0M
Gross Margin 24.1% 17.7% 10.7% -0.5% -4.7% -25.7% 7.7%
Operating Expenses
Research & Development
SG&A Expense $26.7M $17.2M $15.4M $11.9M $11.4M $9.2M $12.8M
Operating Income $2.7M $-50.6M $-162.1M $-95.4M $-64.3M $-153.2M $-63.9M
Operating Margin 1.3% -29.0% -97.5% -86.4% -47.1% -146.2% -54.6%
Interest Expense
Pretax Income $6.9M $-46.7M $67.0M $-80.3M $-64.2M $-153.7M $-63.6M
Income Tax Expense $-27.5M $-3.0M $33.9M $5.8M $-7.3M $-1.4M $-3.8M
Net Income $34.4M $-43.7M $55.3M $-81.1M $-56.7M $-152.3M $-59.7M
Net Margin 17.4% -25.0% 33.3% -73.4% -41.5% -145.4% -51.1%
EPS (Basic) $0.64 $-0.86 $1.16 $-1.71 $-1.25 $-3.78 $-0.17
EPS (Diluted) $0.59 $-0.86 $1.16 $-1.71 $-1.25 $-3.78 $-0.17
Shares Outstanding (Basic) 59.5M 54.0M 51.0M 47.5M 47.4M 45.5M 40.3M 361.8M
Shares Outstanding (Diluted) 59.5M 65.6M 51.0M 47.5M 47.4M 45.5M 40.3M 361.8M
Dividends Per Share
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