10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001558370-21-006449 |
| Period End Date | 20210331 |
| Filing Date | 20210507 |
| Fiscal Year | 2021 |
| Fiscal Period | Q1 |
| XBRL Instance | mux-20210331x10q_htm.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
58 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Common, shares issued |
CommonStockSharesIssued
|
416.59M | shares | Point-in-time |
| Common, shares issued |
CommonStockSharesIssued
|
459.19M | shares | Point-in-time |
| Common, shares outstanding |
CommonStockSharesOutstanding
|
416.59M | shares | Point-in-time |
| Common, shares outstanding |
CommonStockSharesOutstanding
|
459.19M | shares | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$20.84M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$47.40M | USD | Point-in-time |
| Receivables, prepaids and other assets (Note 6) |
ReceivablesOtherAssetsNetCurrent
|
$5.70M | USD | Point-in-time |
| Receivables, prepaids and other assets (Note 6) |
ReceivablesOtherAssetsNetCurrent
|
$5.69M | USD | Point-in-time |
| Inventories (Note 7) |
InventoryNet
|
$26.96M | USD | Point-in-time |
| Inventories (Note 7) |
InventoryNet
|
$27.91M | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$53.50M | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$81.01M | USD | Point-in-time |
| Mineral property interests and plant and equipment, net (Note 8) |
MineralPropertyInterestsAndPlantAndEquipmentNet
|
$334.87M | USD | Point-in-time |
| Mineral property interests and plant and equipment, net (Note 8) |
MineralPropertyInterestsAndPlantAndEquipmentNet
|
$329.11M | USD | Point-in-time |
| Investment in Minera Santa Cruz S.A. (Note 9) |
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
|
$102.77M | USD | Point-in-time |
| Investment in Minera Santa Cruz S.A. (Note 9) |
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
|
$108.33M | USD | Point-in-time |
| Inventories, long-term (Note 7) |
InventoryNoncurrent
|
$5.00M | USD | Point-in-time |
| Inventories, long-term (Note 7) |
InventoryNoncurrent
|
$4.79M | USD | Point-in-time |
| Restricted cash (Note 17) |
RestrictedCashNoncurrent
|
$3.62M | USD | Point-in-time |
| Restricted cash (Note 17) |
RestrictedCashNoncurrent
|
$3.60M | USD | Point-in-time |
| Other assets |
OtherAssetsNoncurrent
|
$910.00K | USD | Point-in-time |
| Other assets |
OtherAssetsNoncurrent
|
$621.00K | USD | Point-in-time |
| TOTAL ASSETS |
Assets
|
$528.18M | USD | Point-in-time |
| TOTAL ASSETS |
Assets
|
$499.94M | USD | Point-in-time |
| Accounts payable and accrued liabilities |
AccountsPayableAndAccruedLiabilitiesCurrent
|
$35.54M | USD | Point-in-time |
| Accounts payable and accrued liabilities |
AccountsPayableAndAccruedLiabilitiesCurrent
|
$36.05M | USD | Point-in-time |
| Flow-through share premium (Note 12) |
FlowThroughSharePremiumCurrent
|
$3.74M | USD | Point-in-time |
| Flow-through share premium (Note 12) |
FlowThroughSharePremiumCurrent
|
$3.83M | USD | Point-in-time |
| Lease liabilities, current portion |
LeaseLiabilityCurrent
|
$2.64M | USD | Point-in-time |
| Lease liabilities, current portion |
LeaseLiabilityCurrent
|
$2.44M | USD | Point-in-time |
| Asset retirement obligation, current portion (Note 11) |
AssetRetirementObligationCurrent
|
$3.82M | USD | Point-in-time |
| Asset retirement obligation, current portion (Note 11) |
AssetRetirementObligationCurrent
|
$3.23M | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$45.73M | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$45.55M | USD | Point-in-time |
| Lease liabilities, long-term |
LeaseLiabilityNonCurrent
|
$2.85M | USD | Point-in-time |
| Lease liabilities, long-term |
LeaseLiabilityNonCurrent
|
$3.06M | USD | Point-in-time |
| Debt (Note 10) |
LongTermDebt
|
$24.16M | USD | Point-in-time |
| Debt (Note 10) |
LongTermDebt
|
$24.08M | USD | Point-in-time |
| Debt to related party (Notes 10 and 14) |
DueToRelatedPartiesNoncurrent
|
$24.16M | USD | Point-in-time |
| Debt to related party (Notes 10 and 14) |
DueToRelatedPartiesNoncurrent
|
$24.08M | USD | Point-in-time |
| Asset retirement obligation, long-term (Note 11) |
AssetRetirementObligationsNoncurrent
|
$30.77M | USD | Point-in-time |
| Asset retirement obligation, long-term (Note 11) |
AssetRetirementObligationsNoncurrent
|
$31.17M | USD | Point-in-time |
| Other liabilities |
OtherLiabilitiesNoncurrent
|
$3.11M | USD | Point-in-time |
| Other liabilities |
OtherLiabilitiesNoncurrent
|
$3.26M | USD | Point-in-time |
| Deferred income and mining tax liability |
DeferredIncomeTaxLiabilitiesNet
|
$3.81M | USD | Point-in-time |
| Deferred income and mining tax liability |
DeferredIncomeTaxLiabilitiesNet
|
$3.24M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$134.61M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$134.43M | USD | Point-in-time |
| Common shares: 459,188 as of March 31, 2021 and 416,587 as of December 31, 2020 issued and outstanding (in thousands) (Note 12) |
CommonStockValue
|
$1.55B | USD | Point-in-time |
| Common shares: 459,188 as of March 31, 2021 and 416,587 as of December 31, 2020 issued and outstanding (in thousands) (Note 12) |
CommonStockValue
|
$1.59B | USD | Point-in-time |
| Accumulated deficit |
RetainedEarningsAccumulatedDeficit
|
$-1.20B | USD | Point-in-time |
| Accumulated deficit |
RetainedEarningsAccumulatedDeficit
|
$-1.18B | USD | Point-in-time |
| Total shareholders' equity |
StockholdersEquity
|
$393.75M | USD | Point-in-time |
| Total shareholders' equity |
StockholdersEquity
|
$365.33M | USD | Point-in-time |
| Total shareholders' equity |
StockholdersEquity
|
$400.44M | USD | Point-in-time |
| Total shareholders' equity |
StockholdersEquity
|
$499.48M | USD | Point-in-time |
| TOTAL LIABILITIES & SHAREHOLDERS' EQUITY |
LiabilitiesAndStockholdersEquity
|
$499.94M | USD | Point-in-time |
| TOTAL LIABILITIES & SHAREHOLDERS' EQUITY |
LiabilitiesAndStockholdersEquity
|
$528.18M | USD | Point-in-time |
Income Statement
39 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Revenue |
Revenues
|
$23.74M | USD | 1 Quarter |
| Revenue |
Revenues
|
$31.40M | USD | 1 Quarter |
| Depreciation and depletion |
CostDepreciationAmortizationAndDepletion
|
$5.14M | USD | 1 Quarter |
| Depreciation and depletion |
CostDepreciationAmortizationAndDepletion
|
$6.70M | USD | 1 Quarter |
| Gross loss |
GrossProfit
|
$-4.99M | USD | 1 Quarter |
| Gross loss |
GrossProfit
|
$-3.69M | USD | 1 Quarter |
| Advanced projects |
AdvancedProjectCost
|
$1.80M | USD | 1 Quarter |
| Advanced projects |
AdvancedProjectCost
|
$2.55M | USD | 1 Quarter |
| Exploration |
ExplorationCosts
|
$4.96M | USD | 1 Quarter |
| Exploration |
ExplorationCosts
|
$3.79M | USD | 1 Quarter |
| General and administrative |
GeneralAndAdministrativeExpense
|
$2.06M | USD | 1 Quarter |
| General and administrative |
GeneralAndAdministrativeExpense
|
$2.08M | USD | 1 Quarter |
| Loss from investment in Minera Santa Cruz S.A. (Note 9) |
IncomeLossFromEquityMethodInvestments
|
$-2.68M | USD | 1 Quarter |
| Loss from investment in Minera Santa Cruz S.A. (Note 9) |
IncomeLossFromEquityMethodInvestments
|
$-574.00K | USD | 1 Quarter |
| Depreciation |
DepreciationNonproduction
|
$75.00K | USD | 1 Quarter |
| Depreciation |
DepreciationNonproduction
|
$115.00K | USD | 1 Quarter |
| Revision of estimates and accretion of asset retirement obligations (Note 11) |
AssetRetirementObligationReclamationGross
|
$660.00K | USD | 1 Quarter |
| Revision of estimates and accretion of asset retirement obligations (Note 11) |
AssetRetirementObligationReclamationGross
|
$911.00K | USD | 1 Quarter |
| Impairment of mineral property interests and plant and equipment (Note 8) |
AssetImpairmentCharges
|
$83.81M | USD | 1 Quarter |
| Total other operating expenses |
CostsAndExpenses
|
$95.66M | USD | 1 Quarter |
| Total other operating expenses |
CostsAndExpenses
|
$10.40M | USD | 1 Quarter |
| Operating loss |
OperatingIncomeLoss
|
$-99.34M | USD | 1 Quarter |
| Operating loss |
OperatingIncomeLoss
|
$-15.38M | USD | 1 Quarter |
| Interest and other finance expenses, net |
InterestIncomeExpenseNet
|
$-1.88M | USD | 1 Quarter |
| Interest and other finance expenses, net |
InterestIncomeExpenseNet
|
$-509.00K | USD | 1 Quarter |
| Other income (Note 4) |
OtherNonoperatingIncomeExpense
|
$1.41M | USD | 1 Quarter |
| Other income (Note 4) |
OtherNonoperatingIncomeExpense
|
$937.00K | USD | 1 Quarter |
| Total other income (expense) |
NonoperatingIncomeExpense
|
$-940.00K | USD | 1 Quarter |
| Total other income (expense) |
NonoperatingIncomeExpense
|
$903.00K | USD | 1 Quarter |
| Loss before income and mining taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$-14.48M | USD | 1 Quarter |
| Loss before income and mining taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$-100.28M | USD | 1 Quarter |
| Income and mining tax recovery |
IncomeTaxExpenseBenefit
|
$-2.02M | USD | 1 Quarter |
| Income and mining tax recovery |
IncomeTaxExpenseBenefit
|
$-1.09M | USD | 1 Quarter |
| Net loss and comprehensive loss |
NetIncomeLoss
|
$-12.47M | USD | 1 Quarter |
| Net loss and comprehensive loss |
NetIncomeLoss
|
$-99.19M | USD | 1 Quarter |
| Basic and Diluted (in dollars per share) |
EarningsPerShareBasicAndDiluted
|
$-0.25 | USD | 1 Quarter |
| Basic and Diluted (in dollars per share) |
EarningsPerShareBasicAndDiluted
|
$-0.03 | USD | 1 Quarter |
| Basic and Diluted (in shares) |
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
400.37M | shares | 1 Quarter |
| Basic and Diluted (in shares) |
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
441.79M | shares | 1 Quarter |
Cash Flow Statement
50 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net loss |
ProfitLoss
|
$-99.19M | USD | 1 Quarter |
| Net loss |
ProfitLoss
|
$-12.47M | 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
|
$-2.68M | USD | 1 Quarter |
| Loss from investment in Minera Santa Cruz S.A., net of amortization (Note 9) |
IncomeLossFromEquityMethodInvestments
|
$-574.00K | USD | 1 Quarter |
| Depreciation and amortization |
MineralPropertyInterestsAndAssetRetirementObligationsAmortization
|
$6.76M | USD | 1 Quarter |
| Depreciation and amortization |
MineralPropertyInterestsAndAssetRetirementObligationsAmortization
|
$4.66M | USD | 1 Quarter |
| Loss on investments (Note 5) |
GainLossOnSaleOfInvestments
|
$-898.00K | USD | 1 Quarter |
| Unrealized foreign exchange loss (gain) and adjustment to estimate (Note 11) |
UnrealizedForeignExchangeGainLossAssetRetirementObligations
|
$868.00K | USD | 1 Quarter |
| Unrealized foreign exchange loss (gain) and adjustment to estimate (Note 11) |
UnrealizedForeignExchangeGainLossAssetRetirementObligations
|
$-152.00K | USD | 1 Quarter |
| Income and mining tax (recovery) |
IncomeTaxCreditsAndAdjustments
|
$-2.02M | USD | 1 Quarter |
| Income and mining tax (recovery) |
IncomeTaxCreditsAndAdjustments
|
$-1.09M | USD | 1 Quarter |
| Stock-based compensation |
EmployeeBenefitsAndShareBasedCompensationNoncash
|
$227.00K | USD | 1 Quarter |
| Stock-based compensation |
EmployeeBenefitsAndShareBasedCompensationNoncash
|
$88.00K | USD | 1 Quarter |
| Revision of estimates and accretion of asset retirement obligations (Note 11) |
AccretionExpenseIncludingAssetRetirementObligations
|
$660.00K | USD | 1 Quarter |
| Revision of estimates and accretion of asset retirement obligations (Note 11) |
AccretionExpenseIncludingAssetRetirementObligations
|
$911.00K | USD | 1 Quarter |
| (Increase) decrease in other assets related to operations |
IncreaseDecreaseInOtherOperatingAssets
|
$-1.23M | USD | 1 Quarter |
| (Increase) decrease in other assets related to operations |
IncreaseDecreaseInOtherOperatingAssets
|
$1.56M | USD | 1 Quarter |
| (Decrease) in liabilities related to operations |
IncreaseDecreaseInOperatingLiabilities
|
$-6.87M | USD | 1 Quarter |
| (Decrease) in liabilities related to operations |
IncreaseDecreaseInOperatingLiabilities
|
$-626.00K | USD | 1 Quarter |
| Cash used in operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$-11.91M | USD | 1 Quarter |
| Cash used in operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$-10.14M | 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
|
$10.09M | USD | 1 Quarter |
| Proceeds from sale of investments, net of investments |
ProceedsFromSaleAndMaturityOfMarketableSecurities
|
$112.00K | USD | 1 Quarter |
| Dividends received from Minera Santa Cruz S.A. (Note 9) |
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
|
$4.98M | USD | 1 Quarter |
| Cash used in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-5.10M | USD | 1 Quarter |
| Cash used in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-5.39M | USD | 1 Quarter |
| Proceeds from sale of shares, net of issuance costs (Note 12) |
ProceedsFromIssuanceOfCommonStock
|
$29.88M | USD | 1 Quarter |
| Sale of flow-through common shares, net of issuance costs (Note 12) |
ProceedsFromIssuanceOfFlowThroughCommonStock
|
$11.97M | USD | 1 Quarter |
| Proceeds of exercise of stock options |
ProceedsFromStockOptionsExercised
|
$62.00K | USD | 1 Quarter |
| Payment of finance lease obligations |
FinanceLeasePrincipalPayments
|
$555.00K | USD | 1 Quarter |
| Payment of finance lease obligations |
FinanceLeasePrincipalPayments
|
$8.00K | USD | 1 Quarter |
| Cash provided by (used in) financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-493.00K | USD | 1 Quarter |
| Cash provided by (used in) financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$41.83M | USD | 1 Quarter |
| Effect of exchange rate change on cash and cash equivalents |
EffectOfExchangeRateOnCashAndCashEquivalents
|
$114.00K | USD | 1 Quarter |
| Increase (decrease) in cash, cash equivalents and restricted cash |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
$26.59M | USD | 1 Quarter |
| Increase (decrease) in cash, cash equivalents and restricted cash |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
$-17.68M | USD | 1 Quarter |
| Cash, cash equivalents and restricted cash, beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
$24.44M | USD | Point-in-time |
| Cash, cash equivalents and restricted cash, beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
$46.50M | USD | Point-in-time |
| Cash, cash equivalents and restricted cash, beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
$28.82M | USD | Point-in-time |
| Cash, cash equivalents and restricted cash, beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
$51.03M | USD | Point-in-time |
| Cash, cash equivalents and restricted cash, end of period (Note 17) |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
$24.44M | USD | Point-in-time |
| Cash, cash equivalents and restricted cash, end of period (Note 17) |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
$46.50M | USD | Point-in-time |
| Cash, cash equivalents and restricted cash, end of period (Note 17) |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
$28.82M | USD | Point-in-time |
| Cash, cash equivalents and restricted cash, end of period (Note 17) |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
$51.03M | USD | Point-in-time |
| Interest paid |
InterestPaidNet
|
$1.22M | USD | 1 Quarter |
| Interest paid |
InterestPaidNet
|
$1.29M | USD | 1 Quarter |
| Interest received |
InterestIncomeOther
|
$7.00K | USD | 1 Quarter |
| Interest received |
InterestIncomeOther
|
$135.00K | USD | 1 Quarter |
Stockholders Equity
18 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Balance |
StockholdersEquity
|
$393.75M | USD | Point-in-time |
| Balance |
StockholdersEquity
|
$365.33M | USD | Point-in-time |
| Balance |
StockholdersEquity
|
$400.44M | USD | Point-in-time |
| Balance |
StockholdersEquity
|
$499.48M | USD | Point-in-time |
| Stock-based compensation |
StockIssuedDuringPeriodValueShareBasedCompensation
|
$227.00K | USD | 1 Quarter |
| Stock-based compensation |
StockIssuedDuringPeriodValueShareBasedCompensation
|
$88.00K | USD | 1 Quarter |
| Exercise of stock options |
StockIssuedDuringPeriodValueStockOptionsExercised
|
$62.00K | USD | 1 Quarter |
| Exercise of stock options (in shares) |
StockIssuedDuringPeriodSharesStockOptionsExercised
|
0.00 | shares | 1 Quarter |
| Exercise of stock options (in shares) |
StockIssuedDuringPeriodSharesStockOptionsExercised
|
60,000.00 | shares | 1 Quarter |
| Stock issued during the period |
StockIssuedDuringPeriodValueNewIssues
|
$29.88M | USD | 1 Quarter |
| Stock issued during the period |
StockIssuedDuringPeriodValueNewIssues
|
$2.60M | USD | Point-in-time |
| Stock issued during the period (in shares) |
StockIssuedDuringPeriodSharesNewIssues
|
1.94M | shares | Point-in-time |
| Net loss |
NetIncomeLoss
|
$-12.47M | USD | 1 Quarter |
| Net loss |
NetIncomeLoss
|
$-99.19M | USD | 1 Quarter |
| Balance |
StockholdersEquity
|
$393.75M | USD | Point-in-time |
| Balance |
StockholdersEquity
|
$365.33M | USD | Point-in-time |
| Balance |
StockholdersEquity
|
$400.44M | USD | Point-in-time |
| Balance |
StockholdersEquity
|
$499.48M | USD | Point-in-time |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.