McEwen (MUX) Research & Development (2010 - 2026)
McEwen's Research & Development came in at $11.4 million for Q2 2026, up 111.4% from $5.39 million a year earlier and up 108.8% from the prior quarter.
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Analysis
McEwen (MUX) Research & Development (2010 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, McEwen reported Research & Development of $29.98 million, up 78.8% year-over-year; for FY2025, it came in at $22.2 million, up 34.1% from FY2024.
- Research & Development carries a five-year compound annual growth rate of 7.0% (FY2020 to FY2025).
- Going back by year, Research & Development was $16.55 million in FY2024 (-18.0%), $20.17 million in FY2023 (+34.7%), $14.97 million in FY2022 (-33.8%) and $22.6 million in FY2021 (+42.5%).
- The Q2 2026 figure represents the highest quarterly Research & Development since Q4 2019.
- Year-over-year, Research & Development has increased for five consecutive quarters, with growth averaging 42.0% over the last eight quarters.
- The fastest year-over-year change in Research & Development over five years came in Q4 2025 (growth of 168.6%), and the weakest in Q2 2022 (a decline of 37.9%).
- Business Quant data shows MUX's Research & Development at $5.46 million (Q1 2026), $6.35 million (Q4 2025) and $6.78 million (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Rio Tinto | 182.38 Bn | 151.41 Bn | - | - |
| 2 | Southern Copper | 167.30 Bn | 146.09 Bn | 2.90 Bn | 14.90 Mn |
| 3 | Rio Tinto | 143.04 Bn | 103.54 Bn | - | - |
| 4 | Newmont | 124.35 Bn | 92.35 Bn | 4.03 Bn | 47.00 Mn |
| 5 | Freeport-Mcmoran | 99.09 Bn | 83.13 Bn | 2.19 Bn | 53.00 Mn |
| 6 | Agnico Eagle Mines | 93.47 Bn | 83.11 Bn | 2.43 Bn | 61.53 Mn |
| 7 | Barrick Mining | 69.01 Bn | 44.20 Bn | 2.90 Bn | 134.00 Mn |
| 8 | Nucor | 59.68 Bn | 49.06 Bn | 2.03 Bn | - |
| 9 | ArcelorMittal | 48.25 Bn | 27.28 Bn | - | - |
| 10 | McEwen | 947.97 Mn | 638.63 Mn | 20.08 Mn | 11.40 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 11.40 Mn |
| Mar 31, 2026 | 5.46 Mn |
| Dec 31, 2025 | 6.35 Mn |
| Sep 30, 2025 | 6.78 Mn |
| Jun 30, 2025 | 5.39 Mn |
| Mar 31, 2025 | 3.68 Mn |
| Dec 31, 2024 | 2.36 Mn |
| Sep 30, 2024 | 5.33 Mn |
| Jun 30, 2024 | 4.98 Mn |
| Mar 31, 2024 | 3.87 Mn |
| Dec 31, 2023 | 3.74 Mn |
| Sep 30, 2023 | 4.67 Mn |
| Jun 30, 2023 | 5.85 Mn |
| Mar 31, 2023 | 5.90 Mn |
| Dec 31, 2022 | 3.54 Mn |
| Sep 30, 2022 | 3.93 Mn |
| Jun 30, 2022 | 4.29 Mn |
| Mar 31, 2022 | 3.21 Mn |
| Dec 31, 2021 | 4.49 Mn |
| Sep 30, 2021 | 6.25 Mn |
API Access
McEwen Research & Development API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=research-and-development&ticker=MUX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "ticker": "MUX", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=research-and-development&ticker=MUX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();