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| Date | Value |
|---|---|
| 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 |