McEwen (MUX) Gross Margin (2012 - 2026)
McEwen (MUX) posted Gross Margin of 33.9% for Q2 2026, down 20.3% on a QoQ basis from 42.53% in Q1 2026, and up 760.0% year-over-year from 3.94% in Q2 2025.
Analysis
McEwen (MUX) Gross Margin (2012 - 2026) Analysis & Trends
McEwen has reported Gross Margin for 15 years, with the latest figure at 33.9% in Q2 2026.
- On a quarterly basis, Gross Margin rose 760.0% year-over-year to 33.9% in Q2 2026; TTM through Jun 2026 was 30.91%, a 919.0% increase from a year earlier, with the FY2025 full-year figure at 24.08%, up 635.0% from the prior year.
- Gross Margin was 33.9% for Q2 2026 at McEwen, down from 42.53% in the prior quarter.
- The five-year high for Gross Margin was 42.53% in Q1 2026, with the low at 23.47% in Q1 2022.
- Average Gross Margin over 5 years is 14.88%, with a median of 15.02% recorded in 2025.
- The largest YoY upside for Gross Margin was 3625 bps in 2023 against a maximum downside of 2390 bps in 2023.
- Over 5 years, Gross Margin stood at 1.02% in 2022, then surged by 2281 bps to 22.24% in 2023, then slumped by 95 bps to 1.08% in 2024, then surged by 2386 bps to 26.92% in 2025, then rose by 26 bps to 33.9% in 2026.
- The last three Gross Margin figures came in at 33.9% (Q2 2026), 42.53% (Q1 2026), and 26.92% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Newmont | 134.87 Bn | 126.03 Bn | 4.03 Bn | 65.87% |
| 2 | Barrick Mining | 74.96 Bn | 78.57 Bn | 2.90 Bn | 54.74% |
| 3 | AngloGold Ashanti | 55.10 Bn | 53.93 Bn | 1.70 Bn | 54.86% |
| 4 | Alamos Gold | 15.53 Bn | 14.85 Bn | 587.30 Mn | 98.86% |
| 5 | Iamgold | 12.11 Bn | 11.65 Bn | 415.10 Mn | 48.44% |
| 6 | Buenaventura Mining | 8.61 Bn | 7.86 Bn | - | - |
| 7 | Eldorado Gold | 8.54 Bn | 7.99 Bn | 302.67 Mn | 62.09% |
| 8 | Equinox Gold | 8.07 Bn | 8.23 Bn | 428.20 Mn | 55.63% |
| 9 | B2Gold | 7.49 Bn | 7.53 Bn | 308.29 Mn | - |
| 10 | McEwen | 1.23 Bn | 1.14 Bn | 20.08 Mn | 33.90% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 33.90% |
| 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% |