Usa was McEwen’s largest region in fiscal 2025, bringing in $116.71M of $197.55M (59%).
| Geography | FY 2014 | FY 2015 | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Usa | $47.93M | $83.41M | $105.15M | $116.71M | ||||||||
| United States | — | — | — | — | ||||||||
| Canada | $60.85M | $81.30M | $67.81M | $76.04M | ||||||||
| Mexico | $1.64M | $1.53M | $1.52M | $4.81M | ||||||||
| Total | $110.42M | $166.23M | $174.48M | $197.55M |
McEwen brought in $197.55M from its three regions in fiscal 2025, the year ended December 31, 2025. That was up 13.2% from $174.48M in fiscal 2024. Usa was the largest at $116.71M (59.1%), ahead of Canada at $76.04M (38.5%) and Mexico at $4.81M (2.4%).
Compared with fiscal 2024, Mexico grew fastest, up 216.0% to $4.81M. Every region above 2% of revenue grew. From fiscal 2022 to 2025, combined revenue from these regions grew from $110.42M to $197.55M, a compound annual growth rate of 21.4%. Usa's share of the total rose from 43.4% to 59.1%.
Usa was McEwen’s largest segment in fiscal 2025, bringing in $116.71M of $197.55M (59%).
| Segment | FY 2012 | FY 2013 | FY 2014 | FY 2015 | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Usa | $47.93M | $83.41M | $105.15M | $116.71M | ||||||||||
| United States Reportable | — | — | — | — | ||||||||||
| Canada | $60.85M | $81.30M | $67.81M | $76.04M | ||||||||||
| Mexico | $1.64M | $1.53M | $1.52M | $4.81M | ||||||||||
| Mexico Reportable | — | — | — | — | ||||||||||
| Total | $110.42M | $166.23M | $174.48M | $197.55M |
McEwen brought in $197.55M from its three segments in fiscal 2025, the year ended December 31, 2025. That was up 13.2% from $174.48M in fiscal 2024. Usa was the largest at $116.71M (59.1%), ahead of Canada at $76.04M (38.5%) and Mexico at $4.81M (2.4%).
Compared with fiscal 2024, Mexico grew fastest, up 216.0% to $4.81M. Every segment above 2% of revenue grew. From fiscal 2022 to 2025, combined revenue from these segments grew from $110.42M to $197.55M, a compound annual growth rate of 21.4%. Usa's share of the total rose from 43.4% to 59.1%.
Auramet International Llc ("Auramet") was McEwen’s largest revenue line in fiscal 2025, bringing in $130.94M of $197.55M (66%).
| Customer | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|
| Auramet International Llc ("Auramet") | $50.58M | $136.91M | $56.87M | $130.94M | ||
| Asahi Refining Inc | $57.84M | $24.64M | $112.30M | $63.44M | ||
| Bank Of Nova Scotia | — | — | — | — | ||
| Other | $2.00M | $4.68M | $5.31M | $3.17M | ||
| Total | $110.42M | $166.23M | $174.48M | $197.55M |
McEwen brought in $197.55M from its three revenue lines in fiscal 2025, the year ended December 31, 2025. That was up 13.2% from $174.48M in fiscal 2024. Auramet International Llc ("Auramet") was the largest at $130.94M (66.3%), ahead of Asahi Refining Inc at $63.44M (32.1%) and Other at $3.17M (1.6%).
Compared with fiscal 2024, Auramet International Llc ("Auramet") grew 130.3% to $130.94M, while Asahi Refining Inc fell 43.5% to $63.44M. From fiscal 2022 to 2025, combined revenue from these revenue lines grew from $110.42M to $197.55M, a compound annual growth rate of 21.4%. Auramet International Llc ("Auramet")'s share of the total rose from 45.8% to 66.3%.
McEwen (MUX) reports its revenue by geography, by segment and by customer. In fiscal 2025, Usa was its largest region, bringing in $116.71M (59.1% of the total), followed by Canada at $76.04M (38.5%).
Usa was McEwen's largest region in fiscal 2025, bringing in $116.71M, or 59.1% of the $197.55M total across its three regions.
Usa was McEwen's largest segment in fiscal 2025, bringing in $116.71M, or 59.1% of the $197.55M total across its three segments.
Auramet International Llc ("Auramet") was McEwen's largest revenue line in fiscal 2025, bringing in $130.94M, or 66.3% of the $197.55M total across its three revenue lines.
Among McEwen's regions that make up at least 2% of revenue, Mexico grew fastest in fiscal 2025, up 216.0% from $1.52M to $4.81M.
Every figure comes from McEwen's annual financial filings, as reported. Each line keeps the name McEwen gives it, and years follow its fiscal calendar.
McEwen's revenue by geography goes back to fiscal 2014, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.