NYSE$MUX

McEwen Mining Inc · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

McEwen Mining reported increased production at Gold Bar, Fox Complex, and San Jose mines, with reduced cash costs and AISC at several operations. Exploration programs advanced at various sites, and progress was made on the Los Azules project.

McEwen Mining Inc. reported its Q3 results for the period ended September 30th, 2021. Production increased across multiple mines, and exploration activities progressed at key projects, including Los Azules.

  • Gold Bar production increased by 82% compared to Q3 2020, with exploration focusing on near-mine targets.
  • Fox Complex production increased by 43% compared to Q3 2020, driven by improved efficiencies at the Froome deposit.
  • San José attributable production increased by 36% compared to Q3 2020, with encouraging exploration results in the mine area.
  • Los Azules project is advancing with road reopening, camp site establishment, and preparations for a drilling program.

Headline financials

Total Revenue

$37.1M

Previous: $27.4M+35.5%
EPS (adj)

-$0.40

Previous: -$0.20-100.0%
Gold Bar AISC per GEO sold

$1.62K

No prior period
Fox Complex Cash Costs per GEO sold

$1.15K

No prior period
Fox Complex AISC per GEO sold

$1.42K

No prior period
San José AISC per GEO sold

$1.47K

No prior period
Capital Expenditures

-$28.5M

Previous: -$9.3M-206.1%
Free Cash Flow

-$47.6M

Previous: -$34.6M-37.5%
Net Income

-$17.4M

Previous: -$9.78M-78.0%
Operating Income

-$17.4M

Previous: -$10.1M-73.0%
Gross Profit

$344K

Previous: -$701K+149.1%
Cash & Equivalents

$63.1M

Previous: $7.95M+693.9%
Total Assets

$540M

Previous: $506M+6.6%

Revenue & EPS history

McEwen Mining · Revenue · Quarterly

$37.1M

Q3 2021+35.5%vs Q3 2020
Beat estimate in 6 of 13 quarters(46%)
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 2021

Historical avgQ3 2021

-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%

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