McEwen (MUX) Gross Margin (2012 - 2026)
McEwen (MUX) recorded quarterly Gross Margin of 42.53% in Q1 2026, up 57.99% quarter-over-quarter from 26.92% in Q4 2025, and up 1432.0% on a YoY basis from 2.78% in Q1 2025.
McEwen (MUX) Gross Margin (2012 - 2026) Analysis & Trends
McEwen's Gross Margin history runs 15 years deep, the most recent figure standing at 42.53% for Q1 2026.
- In Q1 2026, Gross Margin rose 1432.0% year-over-year to 42.53%; the TTM figure through Mar 2026 stood at 29.24% (up 853.0% YoY), while the FY2025 annual figure was 15244.87%, up 1522714.0% from the prior year.
- Gross Margin was 42.53% for Q1 2026 at McEwen, up from 26.92% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 42.53% in Q1 2026 to a low of 23.47% in Q1 2022.
- Historically, Gross Margin has averaged 13.76% across 5 years, with a median of 14.58% in 2024.
- Biggest YoY gain for Gross Margin was 3625 bps in 2023; the steepest drop was 2390 bps in 2023.
- A 5-year view of Gross Margin shows it stood at 1.02% in 2022, then jumped by 2281 bps to 22.24% in 2023, then tumbled by 95 bps to 1.08% in 2024, then jumped by 2386 bps to 26.92% in 2025, then surged by 58 bps to 42.53% in 2026.
- The last three Gross Margin figures came in at 42.53% (Q1 2026), 26.92% (Q4 2025), and 15.47% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Triple Flag Precious Metals | 37.84 Bn | 37.77 Bn | 77.21 Mn | 72.03% |
| 2 | Buenaventura Mining | 10.77 Bn | 10.77 Bn | - | - |
| 3 | Hecla Mining | 9.72 Bn | 9.11 Bn | 253.26 Mn | 61.55% |
| 4 | Perpetua Resources | 2.83 Bn | 2.83 Bn | - | - |
| 5 | Versamet Royalties | 2.41 Bn | 2.40 Bn | - | - |
| 6 | Metalla Royalty & Streaming | 2.10 Bn | 2.09 Bn | 2.79 Mn | - |
| 7 | Sibanye Stillwater | 1.84 Bn | 838.91 Mn | - | - |
| 8 | Avino Silver & Gold Mines | 1.57 Bn | 1.43 Bn | - | - |
| 9 | Solaris Resources | 1.41 Bn | 1.39 Bn | - | - |
| 10 | McEwen | 1.05 Bn | 980.26 Mn | 31.50 Mn | 42.53% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 42.53% |
| Dec 31, 2025 | 26.92% |
| Sep 30, 2025 | 15.47% |
| Jun 30, 2025 | 26.30% |
| Mar 31, 2025 | 28.21% |
| Dec 31, 2024 | 1.08% |
| Sep 30, 2024 | 26.42% |
| Jun 30, 2024 | 22.66% |
| Mar 31, 2024 | 14.58% |
| Dec 31, 2023 | 22.24% |
| Sep 30, 2023 | 9.78% |
| Jun 30, 2023 | -10.08% |
| Mar 31, 2023 | 12.78% |
| Dec 31, 2022 | -1.02% |
| Sep 30, 2022 | 5.78% |
| Jun 30, 2022 | 13.82% |
| Mar 31, 2022 | -23.47% |
| Dec 31, 2021 | -16.86% |
| Sep 30, 2021 | 0.93% |
| Jun 30, 2021 | 9.97% |