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McEwen Inc.

Financial Statements (IFRS) · Amounts in CAD
5 10 All
Income Statement
Balance Sheet
Cash Flow
Line Item Q3 2025Sep 30, 2025 Q2 2025Jun 30, 2025 Q1 2025Mar 31, 2025 Q4 2024Dec 31, 2024 Q3 2024Sep 30, 2024
Total Revenue 50.5M 46.7M 35.7M 33.5M 52.2M
Operating Revenue 50.5M 46.7M 35.7M 33.5M 52.2M
Cost Of Revenue 42.7M 34.4M 25.6M 33.2M 38.4M
Gross Profit 7.8M 12.3M 10.1M 363,000 13.8M
Selling General And Administration 6.1M 5.0M 3.4M 6.5M 2.1M
General And Administrative Expense 6.1M 5.0M 3.4M 6.5M 2.1M
Depreciation And Amortization In Income Statement 158,000 167,000 150,000 149,000 156,000
Other Operating Expenses 9.2M 7.1M 6.1M 2.2M 8.5M
Operating Expense 15.4M 12.3M 9.6M 8.9M 10.8M
Operating Income -7.6M 7,000 428,000 -8.5M 3.0M
EBIT -7.6M 7,000 428,000 -8.5M 3.0M
Net Interest Income -1.6M -1.7M -1.3M -907,000 -1.1M
Other Income Expense 7.5M 3.7M -6.5M 2.3M -3.2M
Other Non Operating Income Expenses -6,000 114,000 137,000 187,000 214,000
Gain On Sale Of Security 8.3M 6.9M 1.4M 2.3M -300,000
Earnings From Equity Interest -806,000 -3.4M -8.1M -250,000 -3.1M
Pretax Income -1.7M 1.9M -7.3M -7.2M -1.3M
Tax Provision -1.3M -1.1M -1.1M 1.1M 814,000
Tax Effect Of Unusual Items 1.8M 1.5M 211,425 488,880 -63,000
Net Income From Continuing And Discontinued Operation -462,000 3.0M -6.3M -8.2M -2.1M
Net Income From Continuing Operation Net Minority Interest -462,000 3.0M -6.3M -8.2M -2.1M
Net Income Including Noncontrolling Interests -462,000 3.0M -6.3M -8.2M -2.1M
Minority Interests -- -- -- 0.00 0.00
Net Income Common Stockholders -462,000 3.0M -6.3M -8.2M -2.1M
Net Income -462,000 3.0M -6.3M -8.2M -2.1M
EBITDA 18,000 6.9M 6.6M -1.7M 11.9M
Normalized EBITDA -8.3M -76,000 5.2M -4.0M 12.2M
Reconciled Depreciation 7.6M 6.9M 6.2M 6.9M 8.9M
Basic EPS -0.01 0.06 -0.12 -- -0.04
Diluted EPS -0.01 0.06 -0.12 -- -0.04
Basic Average Shares 54.2M 54.0M 53.3M -- 52.0M
Diluted Average Shares 54.2M 54.0M 53.3M -- 52.0M
Total Unusual Items 8.3M 6.9M 1.4M 2.3M -300,000
Total Unusual Items Excluding Goodwill 8.3M 6.9M 1.4M 2.3M -300,000
Tax Rate For Calcs 0.21 0.21 0.15 0.21 0.21
Normalized Income -7.0M -2.4M -7.5M -10.1M -1.8M
Depreciation Amortization Depletion Income Statement 158,000 167,000 150,000 149,000 156,000
Depreciation Income Statement 158,000 167,000 150,000 149,000 156,000
Diluted NI Availto Com Stockholders -462,000 3.0M -6.3M -8.2M -2.1M
Net Income Continuous Operations -462,000 3.0M -6.3M -8.2M -2.1M
Net Non Operating Interest Income Expense -1.6M -1.7M -1.3M -907,000 -1.1M
Other Gand A 6.1M 5.0M 3.4M 6.5M 2.1M
Reconciled Cost Of Revenue 35.2M 27.7M 19.6M 26.5M 29.7M
Total Expenses 58.2M 46.7M 35.3M 42.0M 49.3M
Total Operating Income As Reported -8.4M -3.4M -7.6M -14.5M -97,000
Total Other Finance Cost 1.6M 1.7M 1.3M 907,000 1.1M
Line Item Q3 2025Sep 30, 2025 Q2 2025Jun 30, 2025 Q1 2025Mar 31, 2025 Q4 2024Dec 31, 2024 Q3 2024Sep 30, 2024
Cash And Cash Equivalents 51.2M 53.6M 68.5M 13.7M 29.2M
Cash Cash Equivalents And Short Term Investments 71.9M 67.4M 78.2M 14.9M 30.2M
Other Short Term Investments 20.6M 13.9M 9.7M 1.2M 1.0M
Receivables 10.5M 9.9M 2.5M 4.2M 2.1M
Inventory 29.5M 24.1M 20.7M 18.1M 21.9M
Other Current Assets 4.0M 4.1M 4.0M 3.6M 5.3M
Current Assets 119.4M 107.7M 106.4M 41.2M 59.6M
Gross PPE -- -- -- 381.2M --
Accumulated Depreciation -- -- -- -170.2M --
Net PPE 222.4M 220.5M 217.6M 210.9M 201.2M
Investments And Advances 386.3M 387.1M 390.5M 400.8M 401.1M
Long Term Equity Investment 386.3M 387.1M 390.5M 400.8M 401.1M
Other Non Current Assets 19.6M 20.4M 16.2M 11.7M 6.0M
Total Non Current Assets 628.3M 628.0M 624.2M 623.4M 608.2M
Total Assets 747.6M 735.6M 730.6M 664.6M 667.8M
Current Debt -- -- -- -- 9.0M
Current Debt And Capital Lease Obligation 833,000 727,000 766,000 788,000 9.9M
Accounts Payable 36.2M 33.9M 27.0M 28.4M 28.8M
Payables 39.3M 36.1M 33.2M 32.9M 31.9M
Payables And Accrued Expenses 39.3M 36.1M 33.2M 32.9M 31.9M
Current Deferred Revenue 9.3M 0.00 1.5M 3.5M --
Other Current Liabilities 483,000 2.1M 4.0M 5.4M 6.4M
Current Liabilities 56.8M 45.9M 45.3M 47.7M 50.9M
Long Term Debt 126.0M 125.8M 125.5M 40.0M 31.0M
Long Term Debt And Capital Lease Obligation 126.9M 126.9M 126.7M 41.3M 32.6M
Long Term Capital Lease Obligation 924,000 1.1M 1.2M 1.3M 1.6M
Other Non Current Liabilities 2.7M 3.0M 2.7M 2.9M 4.3M
Total Non Current Liabilities Net Minority Interest 202.3M 205.3M 205.5M 122.0M 114.8M
Total Liabilities Net Minority Interest 259.1M 251.1M 250.8M 169.6M 165.7M
Common Stock 1.8B 1.8B 1.8B 1.8B 1.8B
Capital Stock 1.8B 1.8B 1.8B 1.8B 1.8B
Retained Earnings -1.3B -1.3B -1.3B -1.3B -1.3B
Common Stock Equity 488.6M 484.5M 479.8M 495.0M 502.1M
Stockholders Equity 488.6M 484.5M 479.8M 495.0M 502.1M
Total Equity Gross Minority Interest 488.6M 484.5M 479.8M 495.0M 502.1M
Minority Interest -- -- -- 0.00 0.00
Total Capitalization 614.5M 610.3M 605.4M 535.0M 533.1M
Net Tangible Assets 488.6M 484.5M 479.8M 495.0M 502.1M
Tangible Book Value 488.6M 484.5M 479.8M 495.0M 502.1M
Working Capital 62.6M 61.8M 61.1M -6.5M 8.6M
Invested Capital 614.5M 610.3M 605.4M 535.0M 542.1M
Total Debt 127.7M 127.6M 127.5M 42.1M 42.5M
Net Debt 74.7M 72.2M 57.0M 26.3M 10.8M
Share Issued 54.5M 54.1M 53.9M 53.1M 52.9M
Ordinary Shares Number 54.5M 54.1M 53.9M 53.1M 52.9M
Capital Lease Obligations 1.8M 1.8M 2.0M 2.1M 2.5M
Construction In Progress -- -- -- 30.2M --
Current Capital Lease Obligation 833,000 727,000 766,000 788,000 890,000
Current Deferred Liabilities 9.3M 0.00 1.5M 3.5M --
Current Provisions 6.8M 6.9M 5.8M 5.0M 2.8M
Duefrom Related Parties Current 8.1M 7.2M 1.0M 286,000 0.00
Hedging Assets Current 3.5M 2.1M 1.0M 411,000 --
Investmentsin Associatesat Cost 386.3M 387.1M 390.5M 400.8M 401.1M
Land And Improvements -- -- -- 12.9M --
Long Term Provisions 38.7M 41.1M 40.9M 41.1M 41.1M
Machinery Furniture Equipment -- -- -- 73.6M --
Non Current Deferred Liabilities 34.0M 34.4M 35.2M 36.6M 36.9M
Non Current Deferred Taxes Liabilities 34.0M 34.4M 35.2M 36.6M 36.9M
Other Current Borrowings -- -- -- -- 9.0M
Taxes Receivable 2.3M 2.7M 1.4M 3.9M 2.1M
Total Tax Payable 3.1M 2.2M 6.2M 4.5M 3.0M
Line Item Q3 2025Sep 30, 2025 Q2 2025Jun 30, 2025 Q1 2025Mar 31, 2025 Q4 2024Dec 31, 2024 Q3 2024Sep 30, 2024
Operating Cash Flow 5.2M 478,000 -1.9M -1.2M 23.2M
Cash Flow From Continuing Operating Activities 5.2M 478,000 -1.9M -1.2M 23.2M
Depreciation Amortization Depletion 7.6M 6.9M 6.2M 6.9M 8.9M
Stock Based Compensation 844,000 1.2M 178,000 1.1M 357,000
Deferred Tax -2.1M -2.7M -2.9M -679,000 -481,000
Deferred Income Tax -2.1M -2.7M -2.9M -679,000 -481,000
Change In Working Capital 5.7M -8.5M -6.4M -237,000 12.4M
Change In Inventory -6.0M -8.0M -5.2M -- -3.1M
Change In Payables And Accrued Expense 2.3M 6.9M -1.4M -- 4.1M
Change In Other Working Capital 9.3M -- -- -- --
Change In Other Current Assets 938,000 -2.5M 1.4M -2.8M 11.8M
Change In Other Current Liabilities -910,000 -1.4M -1.1M 2.6M -298,000
Other Non Cash Items 811,000 2.0M 952,000 87,000 910,000
Capital Expenditure -10.8M -9.6M -14.5M -12.7M -19.1M
Purchase Of PPE -10.8M -9.6M -14.5M -12.7M -19.1M
Net PPE Purchase And Sale -10.8M -9.6M -14.5M -12.7M -19.1M
Purchase Of Business -- -- -- 1.9M --
Sale Of Business -- -- -- -1,000 --
Purchase Of Investment -157,000 -598,000 -1.4M -2.2M -79,000
Sale Of Investment 29,000 74,000 94,000 -- 0.00
Net Investment Purchase And Sale -128,000 -524,000 -1.3M -2.2M -79,000
Investing Cash Flow -11.0M -15.2M -13.6M -12.9M -34.0M
Cash Flow From Continuing Investing Activities -11.0M -15.2M -13.6M -12.9M -34.0M
Issuance Of Debt 0.00 0.00 110.0M -- 0.00
Repayment Of Debt -252,000 -316,000 -20.2M -335,000 -502,000
Net Issuance Payments Of Debt -252,000 -316,000 89.8M -335,000 -502,000
Issuance Of Capital Stock 0.00 -- -- 0.00 0.00
Net Common Stock Issuance 0.00 -- -- 0.00 0.00
Financing Cash Flow 3.5M -263,000 70.5M -334,000 -502,000
Cash Flow From Continuing Financing Activities 3.5M -263,000 70.5M -334,000 -502,000
Effect Of Exchange Rate Changes -8,000 108,000 4,000 -375,000 421,000
Changes In Cash -2.3M -15.0M 55.0M -14.4M -11.3M
Beginning Cash Position 57.5M 72.5M 17.5M 32.3M 43.2M
End Cash Position 55.3M 57.5M 72.5M 17.5M 32.3M
Free Cash Flow -5.6M -9.2M -16.5M -14.0M 4.0M
Income Tax Paid Supplemental Data -907,000 1.7M 211,000 311,000 0.00
Interest Paid Supplemental Data 3.5M 384,000 759,000 983,000 983,000
Common Stock Issuance 0.00 -- -- 0.00 0.00
Dividend Received Cfo -- -- -- -- 0.00
Dividends Received Cfi 0.00 0.00 2.2M -- 0.00
Gain Loss On Sale Of Business 806,000 3.4M 8.1M 250,000 3.1M
Gain Loss On Sale Of PPE -- -- -- -- 0.00
Long Term Debt Issuance 0.00 0.00 110.0M -- 0.00
Long Term Debt Payments -252,000 -316,000 -20.2M -335,000 -502,000
Net Business Purchase And Sale -- -- -- 1.9M --
Net Foreign Currency Exchange Gain Loss 8,000 -108,000 -4,000 375,000 -421,000
Net Income From Continuing Operations -462,000 3.0M -6.3M -8.2M -2.1M
Net Long Term Debt Issuance -252,000 -316,000 89.8M -335,000 -502,000
Net Other Financing Charges 0.00 53,000 -19.3M -- --
Net Other Investing Changes 0.00 -- -- -- --
Operating Gains Losses 814,000 3.3M 8.1M 738,000 2.7M
Proceeds From Stock Option Exercised 3.7M 0.00 0.00 1,000 0.00
Unrealized Gain Loss On Investment Securities -8.1M -4.7M -1.8M -462,000 460,000
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