NYSE$MUX

McEwen Mining Inc · Q3 2020 earnings

Q3 2020 earnings · · Investor relations

Briefing

McEwen Mining reported Q3 2020 results, highlighting operational improvements and exploration news.

McEwen Mining reported their Q3 2020 results, with the chairman noting improvements in operations, alleviation of financial pressure, and brighter future growth prospects. The company is focused on improving operating efficiencies and profit margins, expecting better operating results and exploration news in the coming quarters.

  • San José Mine produced 8,600 gold ounces and 571,000 silver ounces, totaling 15,900 GEOs.
  • Black Fox Mine produced 5,800 GEOs, with production expected to increase in Q4.
  • Gold Bar Mine produced 6,800 GEOs, with operations ramping up and costs decreasing.
  • El Gallo produced 1,900 GEOs from residual leaching.

Headline financials

Total Revenue

$27.4M

Previous: $32.7M-16.2%
EPS (adj)

-$0.20

Previous: -$0.30+33.3%
Gold Bar Cash Costs per GEO sold

$1.59K

No prior period
San José Cash Costs per GEO sold

$1.27K

No prior period
Capital Expenditures

-$9.3M

Previous: -$27M+65.6%
Free Cash Flow

-$34.6M

Previous: -$48.9M+29.4%
Net Income

-$9.78M

Previous: -$11.5M+14.7%
Operating Income

-$10.1M

Previous: -$17.8M+43.3%
Gross Profit

-$701K

Previous: $1.62M-143.3%
Cash & Equivalents

$7.95M

Previous: $4.26M+86.6%
Total Assets

$506M

Previous: $607M-16.6%

Revenue & EPS history

McEwen Mining · Revenue · Quarterly

$27.4M

Q3 2020-16.2%vs Q3 2019
Beat estimate in 9 of 13 quarters(69%)
ActualEstimate

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q3 2020

Historical avgQ3 2020

-0.2%

Avg return

Earnings day

-0.6%

Avg return

5 days after

+0.9%

Avg return

30 days after

40%

24 / 60 earnings

Positive

+22.1%

Q3 2022

Best reaction

-14.6%

Q1 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+7.9%+18.4%-13.8%
Q4 2025-4.9%-14.6%-5.7%
Q3 2025+1.6%-0.6%+9.1%
Q1 2025+0.0%+7.6%+34.8%
Q4 2024+4.4%+0.7%-0.1%
Q3 2024-0.8%-2.7%-4.5%
Q2 2024-0.5%+1.6%+2.2%
Q1 2024-14.6%-15.8%-12.1%
Q4 2023+15.3%+36.4%+66.0%
Q3 2023+8.6%+3.0%+18.7%
Q2 2023-5.7%-3.2%-7.7%
Q1 2023-7.4%-10.1%-13.8%
Q4 2022-7.1%+2.6%+26.6%
Q3 2022+22.1%+41.3%+54.1%
Q2 2022-5.9%-6.7%-0.8%
Q1 2022-11.4%-12.8%-4.7%
Q4 2021-2.3%+1.0%+6.3%
Q3 2021-0.9%+1.8%-15.7%
Q2 2021-4.1%-13.2%-1.7%
Q1 2021+0.0%-2.4%+15.2%
Q4 2020+3.7%+3.7%+9.2%
Q3 2020+0.1%+0.9%+0.9%
Q2 2020-4.1%-14.4%-14.4%
Q1 2020-10.3%-9.4%-8.4%
Q4 2019+18.2%+1.5%-4.1%
Q3 2019-0.6%+4.2%-32.7%
Q2 2019-6.5%+0.0%+8.6%
Q1 2019+2.2%+1.4%-5.1%
Q4 2018+4.7%-0.5%-12.5%
Q3 2018-7.1%-7.1%-16.6%
Q2 2018-4.8%-4.3%-15.7%
Q1 2018+0.5%+1.0%+8.2%
Q4 2017-2.8%-5.6%+0.0%
Q3 2017-1.0%+2.1%+0.5%
Q2 2017-5.2%-12.7%+4.4%
Q1 2017-4.6%-6.0%-8.9%
Q4 2016-7.0%-9.6%-11.4%
Q3 2016+6.0%-1.2%-8.1%
Q2 2016-2.5%-1.1%-11.6%
Q1 2016+2.1%
Q4 2015-5.0%
Q3 2015-3.5%
Q2 2015+0.2%
Q1 2015+7.9%
Q4 2014-8.7%
Q3 2014-0.8%
Q2 2014+2.9%
Q1 2014-3.2%
Q4 2013+2.0%
Q3 2013+0.0%
Q2 2013+12.9%
Q1 2013-1.4%
Q4 2012+7.2%
Q3 2012-0.4%
Q2 2012+4.4%
Q1 2012+1.8%
Q4 2011-8.2%
Q4 2010-9.2%
Q3 2010+7.9%
Q1 2010+4.0%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro