McEwen (MUX) Operating Expenses (2010 - 2026)

McEwen (MUX) recorded quarterly Operating Expenses of -$9.7 million in Q1 2026, up 80.05% quarter-over-quarter from -$48.9 million in Q4 2025, and down 155.04% on a YoY basis from $17.7 million in Q1 2025.

McEwen (MUX) Operating Expenses (2010 - 2026) Analysis & Trends

McEwen's Operating Expenses history runs 17 years deep, the most recent figure standing at -$9.7 million for Q1 2026.

  • In Q1 2026, Operating Expenses fell 155.04% year-over-year to -$9.7 million; the TTM figure through Mar 2026 stood at -$26.7 million (down 137.5% YoY), while the FY2025 annual figure was $749000.0, down 99.08% from the prior year.
  • Operating Expenses was -$9.7 million for Q1 2026 at McEwen, up from -$48.9 million in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $61.0 million in Q4 2023 to a low of -$48.9 million in Q4 2025.
  • Historically, Operating Expenses has averaged $20.5 million across 5 years, with a median of $18.1 million in 2022.
  • The sharpest annual moves came in 2023 and 2025: Operating Expenses soared 160.97% in 2023, then tumbled 427.75% in 2025.
  • A 5-year view of Operating Expenses shows it stood at $38.9 million in 2022, then surged by 56.89% to $61.0 million in 2023, then sank by 75.57% to $14.9 million in 2024, then sank by 427.75% to -$48.9 million in 2025, then surged by 80.05% to -$9.7 million in 2026.
  • The last three Operating Expenses figures came in at -$9.7 million (Q1 2026), -$48.9 million (Q4 2025), and $16.2 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Triple Flag Precious Metals 37.84 Bn 37.77 Bn 77.21 Mn -20.15 Mn
2 Buenaventura Mining 10.77 Bn 10.77 Bn - -
3 Hecla Mining 9.72 Bn 9.11 Bn 253.26 Mn 30.15 Mn
4 Perpetua Resources 2.83 Bn 2.83 Bn - 56.56 Mn
5 Versamet Royalties 2.41 Bn 2.40 Bn - -
6 Metalla Royalty & Streaming 2.10 Bn 2.09 Bn 2.79 Mn 3.56 Mn
7 Sibanye Stillwater 1.84 Bn 838.91 Mn - 5.21 Mn
8 Avino Silver & Gold Mines 1.57 Bn 1.43 Bn - 2.92 Mn
9 Solaris Resources 1.41 Bn 1.39 Bn - 4.14 Mn
10 McEwen 1.05 Bn 980.26 Mn 31.50 Mn -9.75 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 -9.75 Mn
Dec 31, 2025 -48.86 Mn
Sep 30, 2025 16.25 Mn
Jun 30, 2025 15.66 Mn
Mar 31, 2025 17.71 Mn
Dec 31, 2024 14.91 Mn
Sep 30, 2024 13.90 Mn
Jun 30, 2024 24.71 Mn
Mar 31, 2024 27.99 Mn
Dec 31, 2023 61.02 Mn
Sep 30, 2023 32.60 Mn
Jun 30, 2023 39.54 Mn
Mar 31, 2023 47.27 Mn
Dec 31, 2022 38.89 Mn
Sep 30, 2022 17.08 Mn
Jun 30, 2022 20.80 Mn
Mar 31, 2022 18.12 Mn
Dec 31, 2021 16.62 Mn
Sep 30, 2021 17.78 Mn
Jun 30, 2021 13.01 Mn