10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001558370-20-006794 |
| Period End Date | 20200331 |
| Filing Date | 20200518 |
| Fiscal Year | 2020 |
| Fiscal Period | Q1 |
| XBRL Instance | mux-20200518x10q_htm.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
66 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Common stock, par value |
CommonStockNoParValue
|
- | USD | Point-in-time |
| Common stock, par value |
CommonStockNoParValue
|
- | USD | Point-in-time |
| Common stock, shares authorized |
CommonStockSharesAuthorized
|
500.00M | shares | Point-in-time |
| Common stock, shares authorized |
CommonStockSharesAuthorized
|
500.00M | shares | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$28.77M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$46.45M | USD | Point-in-time |
| Common, shares issued |
CommonStockSharesIssued
|
400.34M | shares | Point-in-time |
| Common, shares issued |
CommonStockSharesIssued
|
400.40M | shares | Point-in-time |
| Common, shares outstanding |
CommonStockSharesOutstanding
|
400.34M | shares | Point-in-time |
| Investments (note 5) |
EquitySecuritiesFvNi
|
$875.00K | USD | Point-in-time |
| Investments (note 5) |
EquitySecuritiesFvNi
|
$3.13M | USD | Point-in-time |
| Investments (note 5) |
EquitySecuritiesFvNi
|
$4.22M | USD | Point-in-time |
| Common, shares outstanding |
CommonStockSharesOutstanding
|
400.40M | shares | Point-in-time |
| Investments (note 5) |
EquitySecuritiesFvNi
|
$1.89M | USD | Point-in-time |
| Receivables, prepaids and other assets (note 6) |
ReceivablesOtherAssetsNetCurrent
|
$5.26M | USD | Point-in-time |
| Receivables, prepaids and other assets (note 6) |
ReceivablesOtherAssetsNetCurrent
|
$5.14M | USD | Point-in-time |
| Inventories (note 7) |
InventoryNet
|
$38.33M | USD | Point-in-time |
| Inventories (note 7) |
InventoryNet
|
$38.38M | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$73.11M | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$91.98M | USD | Point-in-time |
| Mineral property interests and plant and equipment, net (note 8) |
MineralPropertyInterestsAndPlantAndEquipmentNet
|
$333.65M | USD | Point-in-time |
| Mineral property interests and plant and equipment, net (note 8) |
MineralPropertyInterestsAndPlantAndEquipmentNet
|
$418.79M | USD | Point-in-time |
| Investment in Minera Santa Cruz S.A. (note 8) |
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
|
$107.51M | USD | Point-in-time |
| Investment in Minera Santa Cruz S.A. (note 8) |
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
|
$110.18M | USD | Point-in-time |
| Inventories, long-term (note 7) |
InventoryNoncurrent
|
$8.69M | USD | Point-in-time |
| Inventories, long-term (note 7) |
InventoryNoncurrent
|
$9.60M | USD | Point-in-time |
| Other assets |
OtherAssetsNoncurrent
|
$669.00K | USD | Point-in-time |
| Other assets |
OtherAssetsNoncurrent
|
$668.00K | USD | Point-in-time |
| TOTAL ASSETS |
Assets
|
$523.63M | USD | Point-in-time |
| TOTAL ASSETS |
Assets
|
$631.22M | USD | Point-in-time |
| Accounts payable and accrued liabilities |
AccountsPayableAndAccruedLiabilitiesCurrent
|
$34.07M | USD | Point-in-time |
| Accounts payable and accrued liabilities |
AccountsPayableAndAccruedLiabilitiesCurrent
|
$27.80M | USD | Point-in-time |
| Debt, current portion (note 10) |
ShortTermBorrowings
|
$8.00M | USD | Point-in-time |
| Debt, current portion (note 10) |
ShortTermBorrowings
|
$5.00M | USD | Point-in-time |
| Debt to related party, current portion (note 10) |
DueToRelatedPartiesCurrent
|
$8.00M | USD | Point-in-time |
| Debt to related party, current portion (note 10) |
DueToRelatedPartiesCurrent
|
$5.00M | USD | Point-in-time |
| Lease liabilities, current portion |
LeaseLiabilityCurrent
|
$2.12M | USD | Point-in-time |
| Lease liabilities, current portion |
LeaseLiabilityCurrent
|
$2.12M | USD | Point-in-time |
| Asset retirement obligation, current portion (note 11) |
AssetRetirementObligationCurrent
|
$1.91M | USD | Point-in-time |
| Asset retirement obligation, current portion (note 11) |
AssetRetirementObligationCurrent
|
$2.61M | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$47.83M | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$48.80M | USD | Point-in-time |
| Lease liabilities, long-term |
LeaseLiabilityNonCurrent
|
$5.02M | USD | Point-in-time |
| Lease liabilities, long-term |
LeaseLiabilityNonCurrent
|
$4.36M | USD | Point-in-time |
| Debt (note 10) |
LongTermDebt
|
$19.76M | USD | Point-in-time |
| Debt (note 10) |
LongTermDebt
|
$16.80M | USD | Point-in-time |
| Debt to related party (note 10) |
DueToRelatedPartiesNoncurrent
|
$19.76M | USD | Point-in-time |
| Debt to related party (note 10) |
DueToRelatedPartiesNoncurrent
|
$16.80M | USD | Point-in-time |
| Asset retirement obligation, long-term (note 11) |
AssetRetirementObligationsNoncurrent
|
$30.00M | USD | Point-in-time |
| Asset retirement obligation, long-term (note 11) |
AssetRetirementObligationsNoncurrent
|
$29.59M | USD | Point-in-time |
| Other liabilities |
OtherLiabilitiesNoncurrent
|
$3.60M | USD | Point-in-time |
| Other liabilities |
OtherLiabilitiesNoncurrent
|
$3.91M | USD | Point-in-time |
| Deferred income and mining tax liability |
DeferredIncomeTaxLiabilitiesNet
|
$4.91M | USD | Point-in-time |
| Deferred income and mining tax liability |
DeferredIncomeTaxLiabilitiesNet
|
$3.81M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$131.74M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$123.19M | USD | Point-in-time |
| Common stock and additional paid-in capital, no par value, 500,000 shares authorized (in thousands); Common: 400,399 as of March 31, 2020 and 400,339 as of December 31, 2019 issued and outstanding (in thousands) (note 12) |
CommonStockValue
|
$1.53B | USD | Point-in-time |
| Common stock and additional paid-in capital, no par value, 500,000 shares authorized (in thousands); Common: 400,399 as of March 31, 2020 and 400,339 as of December 31, 2019 issued and outstanding (in thousands) (note 12) |
CommonStockValue
|
$1.53B | USD | Point-in-time |
| Accumulated deficit |
RetainedEarningsAccumulatedDeficit
|
$-1.13B | USD | Point-in-time |
| Accumulated deficit |
RetainedEarningsAccumulatedDeficit
|
$-1.03B | USD | Point-in-time |
| Total shareholders' equity |
StockholdersEquity
|
$499.48M | USD | Point-in-time |
| Total shareholders' equity |
StockholdersEquity
|
$498.20M | USD | Point-in-time |
| Total shareholders' equity |
StockholdersEquity
|
$485.95M | USD | Point-in-time |
| Total shareholders' equity |
StockholdersEquity
|
$400.44M | USD | Point-in-time |
| TOTAL LIABILITIES & SHAREHOLDERS' EQUITY |
LiabilitiesAndStockholdersEquity
|
$631.22M | USD | Point-in-time |
| TOTAL LIABILITIES & SHAREHOLDERS' EQUITY |
LiabilitiesAndStockholdersEquity
|
$523.63M | USD | Point-in-time |
Income Statement
39 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Revenue |
Revenues
|
$15.58M | USD | 1 Quarter |
| Revenue |
Revenues
|
$31.40M | USD | 1 Quarter |
| Production costs applicable to sales |
CostOfGoodsAndServiceExcludingDepreciationDepletionAndAmortization
|
$11.15M | USD | 1 Quarter |
| Production costs applicable to sales |
CostOfGoodsAndServiceExcludingDepreciationDepletionAndAmortization
|
$28.39M | USD | 1 Quarter |
| Depreciation and depletion |
CostDepreciationAmortizationAndDepletion
|
$6.70M | USD | 1 Quarter |
| Depreciation and depletion |
CostDepreciationAmortizationAndDepletion
|
$3.01M | USD | 1 Quarter |
| Gross (loss) profit |
GrossProfit
|
$-3.69M | USD | 1 Quarter |
| Gross (loss) profit |
GrossProfit
|
$1.43M | USD | 1 Quarter |
| Advanced projects |
AdvancedProjectCost
|
$2.65M | USD | 1 Quarter |
| Advanced projects |
AdvancedProjectCost
|
$2.55M | USD | 1 Quarter |
| Exploration |
ExplorationCosts
|
$3.79M | USD | 1 Quarter |
| Exploration |
ExplorationCosts
|
$4.15M | USD | 1 Quarter |
| General and administrative |
GeneralAndAdministrativeExpense
|
$2.06M | USD | 1 Quarter |
| General and administrative |
GeneralAndAdministrativeExpense
|
$2.26M | USD | 1 Quarter |
| Loss from investment in Minera Santa Cruz S.A. (note 9) |
IncomeLossFromEquityMethodInvestments
|
$-2.31M | USD | 1 Quarter |
| Loss from investment in Minera Santa Cruz S.A. (note 9) |
IncomeLossFromEquityMethodInvestments
|
$-2.68M | USD | 1 Quarter |
| Depreciation |
DepreciationNonproduction
|
$115.00K | USD | 1 Quarter |
| Depreciation |
DepreciationNonproduction
|
$152.00K | USD | 1 Quarter |
| Revision of estimates and accretion of asset retirement obligations (note 11) |
AssetRetirementObligationReclamationGross
|
$461.00K | USD | 1 Quarter |
| Revision of estimates and accretion of asset retirement obligations (note 11) |
AssetRetirementObligationReclamationGross
|
$660.00K | USD | 1 Quarter |
| Impairment of mineral property interests and plant and equipment (note 8) |
AssetImpairmentCharges
|
$83.81M | USD | 1 Quarter |
| Operating loss |
OperatingIncomeLoss
|
$-10.55M | USD | 1 Quarter |
| Operating loss |
OperatingIncomeLoss
|
$-99.34M | USD | 1 Quarter |
| Interest and other finance expense, net |
InterestIncomeExpenseNet
|
$-513.00K | USD | 1 Quarter |
| Interest and other finance expense, net |
InterestIncomeExpenseNet
|
$-1.88M | USD | 1 Quarter |
| Other income (note 4) |
OtherNonoperatingIncomeExpense
|
$937.00K | USD | 1 Quarter |
| Other income (note 4) |
OtherNonoperatingIncomeExpense
|
$1.05M | USD | 1 Quarter |
| Total other income (expense) |
NonoperatingIncomeExpense
|
$-940.00K | USD | 1 Quarter |
| Total other income (expense) |
NonoperatingIncomeExpense
|
$534.00K | USD | 1 Quarter |
| Loss before income and mining taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$-10.02M | USD | 1 Quarter |
| Loss before income and mining taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$-100.28M | USD | 1 Quarter |
| Income and mining tax recovery (expense) |
IncomeTaxExpenseBenefit
|
$118.00K | USD | 1 Quarter |
| Income and mining tax recovery (expense) |
IncomeTaxExpenseBenefit
|
$-1.09M | USD | 1 Quarter |
| Net loss |
NetIncomeLoss
|
$-99.19M | USD | 1 Quarter |
| Net loss |
NetIncomeLoss
|
$-10.14M | USD | 1 Quarter |
| Basic and Diluted (in dollars per share) |
EarningsPerShareBasicAndDiluted
|
$-0.03 | USD | 1 Quarter |
| Basic and Diluted (in dollars per share) |
EarningsPerShareBasicAndDiluted
|
$-0.25 | USD | 1 Quarter |
| Basic and Diluted (in shares) |
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
338.56M | shares | 1 Quarter |
| Basic and Diluted (in shares) |
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
400.37M | shares | 1 Quarter |
Cash Flow Statement
53 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net loss |
ProfitLoss
|
$-10.14M | USD | 1 Quarter |
| Net loss |
ProfitLoss
|
$-99.19M | USD | 1 Quarter |
| Impairment of mineral property interests and plant and equipment (note 8) |
AssetImpairmentCharges
|
$83.81M | USD | 1 Quarter |
| Loss from investment in Minera Santa Cruz S.A., net of amortization (note 9) |
IncomeLossFromEquityMethodInvestments
|
$-2.31M | USD | 1 Quarter |
| Loss from investment in Minera Santa Cruz S.A., net of amortization (note 9) |
IncomeLossFromEquityMethodInvestments
|
$-2.68M | USD | 1 Quarter |
| Depreciation and amortization |
MineralPropertyInterestsAndAssetRetirementObligationsAmortization
|
$6.76M | USD | 1 Quarter |
| Depreciation and amortization |
MineralPropertyInterestsAndAssetRetirementObligationsAmortization
|
$3.19M | USD | 1 Quarter |
| Loss (gain) on investments (note 5) |
GainLossOnSaleOfInvestments
|
$827.00K | USD | 1 Quarter |
| Loss (gain) on investments (note 5) |
GainLossOnSaleOfInvestments
|
$-898.00K | USD | 1 Quarter |
| Income and mining tax (recovery) expense |
IncomeTaxCreditsAndAdjustments
|
$-1.09M | USD | 1 Quarter |
| Income and mining tax (recovery) expense |
IncomeTaxCreditsAndAdjustments
|
$118.00K | USD | 1 Quarter |
| Stock-based compensation |
StockOptionPlanExpense
|
$61.00K | USD | 1 Quarter |
| Stock-based compensation |
StockOptionPlanExpense
|
$88.00K | USD | 1 Quarter |
| Revision of estimates and accretion of asset retirement obligations (note 11) |
AccretionExpenseIncludingAssetRetirementObligations
|
$461.00K | USD | 1 Quarter |
| Revision of estimates and accretion of asset retirement obligations (note 11) |
AccretionExpenseIncludingAssetRetirementObligations
|
$660.00K | USD | 1 Quarter |
| Foreign exchange (gain) loss |
ForeignCurrencyTransactionGainLossUnrealized
|
$-301.00K | USD | 1 Quarter |
| Foreign exchange (gain) loss |
ForeignCurrencyTransactionGainLossUnrealized
|
$868.00K | USD | 1 Quarter |
| Decrease (increase) in other assets related to operations |
IncreaseDecreaseInOtherOperatingAssets
|
$-1.23M | USD | 1 Quarter |
| Decrease (increase) in other assets related to operations |
IncreaseDecreaseInOtherOperatingAssets
|
$5.88M | USD | 1 Quarter |
| (Decrease) in liabilities related to operations |
IncreaseDecreaseInOperatingLiabilities
|
$-420.00K | USD | 1 Quarter |
| (Decrease) in liabilities related to operations |
IncreaseDecreaseInOperatingLiabilities
|
$-6.87M | USD | 1 Quarter |
| Cash used in operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$-11.91M | USD | 1 Quarter |
| Cash used in operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$-10.82M | USD | 1 Quarter |
| Additions to mineral property interests and plant and equipment |
PaymentsToAcquireMiningAssets
|
$5.50M | USD | 1 Quarter |
| Additions to mineral property interests and plant and equipment |
PaymentsToAcquireMiningAssets
|
$16.51M | USD | 1 Quarter |
| Proceeds from sale of investments (note 5) |
ProceedsFromSaleAndMaturityOfMarketableSecurities
|
$112.00K | USD | 1 Quarter |
| Dividends received from Minera Santa Cruz S.A. (note 9) |
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
|
$2.02M | USD | 1 Quarter |
| Cash used in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-5.39M | USD | 1 Quarter |
| Cash used in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-14.49M | USD | 1 Quarter |
| Proceeds from sale of units, net of share issue costs (note 12) |
ProceedsFromIssuanceOfCommonStock
|
$20.25M | USD | 1 Quarter |
| Proceeds of at-the-market common stock issuance (note 12) |
ProceedsFromIssuanceOfAtMarketCommonStock
|
$1.85M | USD | 1 Quarter |
| Proceeds of exercise of stock options |
ProceedsFromStockOptionsExercised
|
$62.00K | USD | 1 Quarter |
| Proceeds of exercise of stock options |
ProceedsFromStockOptionsExercised
|
$223.00K | USD | 1 Quarter |
| Payment of finance lease obligations |
FinanceLeasePrincipalPayments
|
$555.00K | USD | 1 Quarter |
| Payment of finance lease obligations |
FinanceLeasePrincipalPayments
|
$448.00K | USD | 1 Quarter |
| Cash (used in) provided by financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$21.88M | USD | 1 Quarter |
| Cash (used in) provided by financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-493.00K | USD | 1 Quarter |
| Effect of exchange rate change on cash and cash equivalents |
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$-337.00K | USD | 1 Quarter |
| Effect of exchange rate change on cash and cash equivalents |
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$114.00K | USD | 1 Quarter |
| (Decrease) in cash, cash equivalents and restricted cash |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
$-17.68M | USD | 1 Quarter |
| (Decrease) in cash, cash equivalents and restricted cash |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
$-3.77M | USD | 1 Quarter |
| Cash, cash equivalents and restricted cash, beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$30.49M | USD | Point-in-time |
| Cash, cash equivalents and restricted cash, beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$26.72M | USD | Point-in-time |
| Cash, cash equivalents and restricted cash, beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$46.50M | USD | Point-in-time |
| Cash, cash equivalents and restricted cash, beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$28.82M | USD | Point-in-time |
| Cash, cash equivalents and restricted cash, end of period (note 17) |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$30.49M | USD | Point-in-time |
| Cash, cash equivalents and restricted cash, end of period (note 17) |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$26.72M | USD | Point-in-time |
| Cash, cash equivalents and restricted cash, end of period (note 17) |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$46.50M | USD | Point-in-time |
| Cash, cash equivalents and restricted cash, end of period (note 17) |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$28.82M | USD | Point-in-time |
| Interest paid |
InterestPaidNet
|
$1.29M | USD | 1 Quarter |
| Interest paid |
InterestPaidNet
|
$1.32M | USD | 1 Quarter |
| Interest received |
InterestIncomeOther
|
$135.00K | USD | 1 Quarter |
| Interest received |
InterestIncomeOther
|
$3.00K | USD | 1 Quarter |
Stockholders Equity
22 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Balance |
StockholdersEquity
|
$499.48M | USD | Point-in-time |
| Balance |
StockholdersEquity
|
$498.20M | USD | Point-in-time |
| Balance |
StockholdersEquity
|
$485.95M | USD | Point-in-time |
| Balance |
StockholdersEquity
|
$400.44M | USD | Point-in-time |
| Stock-based compensation |
StockIssuedDuringPeriodValueShareBasedCompensation
|
$88.00K | USD | 1 Quarter |
| Stock-based compensation |
StockIssuedDuringPeriodValueShareBasedCompensation
|
$61.00K | USD | 1 Quarter |
| Exercise of stock options |
StockIssuedDuringPeriodValueStockOptionsExercised
|
$62.00K | USD | 1 Quarter |
| Exercise of stock options |
StockIssuedDuringPeriodValueStockOptionsExercised
|
$223.00K | USD | 1 Quarter |
| Exercise of stock options (in shares) |
StockIssuedDuringPeriodSharesStockOptionsExercised
|
60,000.00 | shares | 1 Quarter |
| Exercise of stock options (in shares) |
StockIssuedDuringPeriodSharesStockOptionsExercised
|
221,500.00 | shares | 1 Quarter |
| Units Issued for cash, net of share issue cost |
StockIssuedDuringPeriodValueNewIssues
|
$20.30M | USD | Point-in-time |
| Units Issued for cash, net of share issue cost |
StockIssuedDuringPeriodValueNewIssues
|
$20.25M | USD | 1 Quarter |
| Units Issued for cash, net of share issue cost |
StockIssuedDuringPeriodValueNewIssues
|
$2.60M | USD | Point-in-time |
| Units Issued for cash, net of share issue cost (in shares) |
StockIssuedDuringPeriodSharesNewIssues
|
1.94M | shares | Point-in-time |
| Units Issued for cash, net of share issue cost (in shares) |
StockIssuedDuringPeriodSharesNewIssues
|
14.19M | shares | Point-in-time |
| Shares issued for acquisition of mineral property interests |
StockIssuedDuringPeriodValuePurchaseOfAssets
|
$1.85M | USD | 1 Quarter |
| Net loss |
NetIncomeLoss
|
$-99.19M | USD | 1 Quarter |
| Net loss |
NetIncomeLoss
|
$-10.14M | USD | 1 Quarter |
| Balance |
StockholdersEquity
|
$499.48M | USD | Point-in-time |
| Balance |
StockholdersEquity
|
$498.20M | USD | Point-in-time |
| Balance |
StockholdersEquity
|
$485.95M | USD | Point-in-time |
| Balance |
StockholdersEquity
|
$400.44M | USD | Point-in-time |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.