McEwen Mining Inc. (MUX) Revenue History
Annual and quarterly revenue from 1989 to present
MUX Revenue Over Time (1989–2025)
MUX Revenue Growth History
13 of 29 years with positive growth- FY1989 revenue growth
- N/A
- FY1990 revenue growth
- -73.1%
- FY1991 revenue growth
- -97.4%
- FY1992 revenue growth
- +1400.0%
- FY1993 revenue growth
- -6.7%
- FY1994 revenue growth
- -28.6%
- FY1995 revenue growth
- +36.8%
- FY1996 revenue growth
- -4.2%
- FY1997 revenue growth
- -94.1%
- FY1998 revenue growth
- +67.9%
- FY1999 revenue growth
- -100.0%
- FY2000 revenue growth
- N/A
- FY2001 revenue growth
- +0.0%
- FY2002 revenue growth
- -89.7%
- FY2003 revenue growth
- +625.8%
- FY2004 revenue growth
- -90.4%
- FY2005 revenue growth
- +2614.8%
- FY2006 revenue growth
- -100.0%
- FY2007 revenue growth
- N/A
- FY2008 revenue growth
- N/A
- FY2009 revenue growth
- N/A
- FY2010 revenue growth
- N/A
- FY2011 revenue growth
- N/A
- FY2012 revenue growth
- N/A
- FY2013 revenue growth
- +670.7%
- FY2014 revenue growth
- -1.5%
- FY2015 revenue growth
- +61.0%
- FY2016 revenue growth
- -17.2%
- FY2017 revenue growth
- +12.1%
- FY2018 revenue growth
- +90.2%
- FY2019 revenue growth
- -9.2%
- FY2020 revenue growth
- -10.5%
- FY2021 revenue growth
- +30.3%
- FY2022 revenue growth
- -19.1%
- FY2023 revenue growth
- +50.5%
- FY2024 revenue growth
- +5.0%
- FY2025 revenue growth
- +13.2%
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $59.2M | +26.8% |
| Q1 2026 | $74.0M | +107.4% |
| Q4 2025 | $64.6M | +92.8% |
| Q3 2025 | $50.5M | -3.3% |
| Q2 2025 | $46.7M | -1.6% |
| Q1 2025 | $35.7M | -13.4% |
| Q4 2024 | $33.5M | -42.9% |
| Q3 2024 | $52.3M | +36.1% |
Multi-year avg. share of annual revenue by fiscal quarter
Revenue Breakdown (FY 2025)
MUX's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
MUX Revenue Analysis (1989–2025)
Current Revenue & Growth
As of November 8, 2026, McEwen Mining Inc. (MUX) generated trailing twelve-month (TTM) revenue of $248.4 million, reflecting exceptional growth of +26.8% year-over-year. The most recent quarter (Q2 2026) recorded $59.2 million in revenue, down 20.0% sequentially.
Historical Growth Trajectory
MUX's 5-year compound annual growth rate (CAGR) stands at +13.5%, indicating consistent double-digit revenue growth. The 3-year CAGR of +21.4% exceeds the 5-year average, indicating an acceleration in the most recent period. McEwen Mining Inc.'s highest annual revenue of $197.6 million was recorded in 2025, an all-time high.
Revenue by Segment
MUX's revenue is primarily driven by United States Reportable Segment (59%), Canada Reportable Segment (38%), and Mexico Reportable Segment (2%). With over half of revenue concentrated in United States Reportable Segment, the company has a focused business model while developing other growth vectors.
Peer Comparison
Compared to Basic Materials sector peers — including EXK (+196.2% YoY), HL (+29.7% YoY), and CDE (+111.7% YoY) — MUX has underperformed the peer group in revenue growth. Compare MUX vs EXK →
MUX Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| MUXCurrent | $248M | +26.8% | +13.5% | -6.5% | |
 EXK | $468M | +196.2% | +27.6% | 6.0% | |
 HL | $1.4B | +29.7% | +15.5% | 37.7% | |
 CDE | $2.1B | +111.7% | +21.4% | 36.3% | |
 PAAS | $3.7B | +36.8% | +22.4% | 32.3% | |
 AG | $1.3B | +80.5% | +28.4% | 27.8% |
MUX Historical Revenue Data (1989–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $197.6M | +13.2% | $21.7M | 11.0% | $-12,925,000 | -6.5% |
| 2024 | $174.5M | +5.0% | $30.9M | 17.7% | $-50,572,000 | -29.0% |
| 2023 | $166.2M | +50.5% | $17.8M | 10.7% | $-162,063,000 | -97.5% |
| 2022 | $110.4M | -19.1% | $-544,000 | -0.5% | $-95,437,000 | -86.4% |
| 2021 | $136.5M | +30.3% | $-6,480,000 | -4.7% | $-64,280,000 | -47.1% |
| 2020 | $104.8M | -10.5% | $-26,948,000 | -25.7% | $-153,174,000 | -146.2% |
| 2019 | $117.0M | -9.2% | $9.0M | 7.7% | $-63,914,000 | -54.6% |
| 2018 | $128.8M | +90.2% | $32.1M | 24.9% | $-47,189,000 | -36.6% |
| 2017 | $67.7M | +12.1% | $18.7M | 27.6% | $-26,286,000 | -38.8% |
| 2016 | $60.4M | -17.2% | $24.9M | 41.2% | $15.3M | 25.4% |
| 2015 | $73.0M | +61.0% | $37.2M | 51.0% | $-49,333,000 | -67.6% |
| 2014 | $45.3M | -1.5% | $2.9M | 6.3% | $-410,191,000 | -905.4% |
| 2013 | $46.0M | +670.7% | $10.5M | 22.9% | $-200,397,000 | -435.8% |
| 2012 | $6.0M | - | $2.1M | 35.3% | $-90,653,000 | -1519.5% |
| 2011 | $0 | - | $0 | - | $-60,185,000 | - |
MUX Chart Terminal
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Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
37+ years return with dividends reinvested.
Peer Comparison
Compare growth, multiples, and margins vs sector.
MUX — Frequently Asked Questions
Quick answers to the most common questions about buying MUX stock.
Is MUX's revenue growth accelerating or slowing?
MUX revenue growth is accelerating. TTM revenue reached $248M, up +26.8% year-over-year — ahead of the 5-year CAGR of +13.5%. This indicates the business is expanding faster than its historical baseline.
What is MUX's revenue history from 1989 to 2026?
McEwen Mining Inc. (MUX) revenue history spans 1989 to 2026. TTM revenue as of 2026 is $248M, growing at +26.8% YoY. The 5-year CAGR is +13.5%. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is MUX's long-term revenue growth rate (CAGR)?
McEwen Mining Inc.'s 5-year revenue CAGR of +13.5% reflects the sustained nature of its business expansion. As of 2026, the current YoY growth rate of +26.8% is above this long-term average. CAGR is the most reliable measure of sustained revenue momentum for MUX.
Why does MUX's quarterly revenue fluctuate?
MUX quarterly revenue can fluctuate significantly between periods. A quarter-over-quarter (QoQ) change does not always indicate a trend; comparing the same quarter year-over-year (YoY) is a more reliable signal for underlying growth. McEwen Mining Inc.'s revenue data from 1989 to 2026 shows full historical quarterly detail on this page.
How is MUX's revenue distributed by segment?
MUX reports revenue broken down by product line and geographic region. The segment breakdown on this page shows which business units contribute the most to total revenue as of the latest fiscal year. Concentration in a single segment above 50% indicates category dependence, while a diversified mix signals more resilient revenue streams.
How does MUX's revenue compare to industry peers?
McEwen Mining Inc. (MUX) with TTM revenue of $248M and +26.8% YoY growth can be benchmarked against sector peers using the comparison table on this page. Revenue growth relative to peers indicates market share gains or losses. The peer section shows TTM revenue, YoY growth, and operating margin for direct comparisons.