Filing Flows › McEwen (MUX) › Q4 2024
McEwen (MUX) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Mar 14, 2025
McEwen (MUX) reported revenue of $33.5M for the fourth quarter 2024 (Q4 2024), -43% from a year earlier and -36% from the quarter before. Operating margin was -43.4%, net loss $8.2M (24.6% of revenue).
McEwen, Q4 2024: revenue $33.5M (-43% year over year), operating margin -43.4%, net loss $8.2M, operating cash flow −$1.2M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $33.5M | -36% | -43% |
| Operating profit | −$14.5M | — | — |
| Net earnings | −$8.2M | — | — |
| Operating cash flow | −$1.2M | — | — |
What changed
Revenue was $33.5M in Q4 2024, down 43% year over year and down 36% from the previous quarter.
Gross margin was 1.1%, down 21.2 points from a year earlier. Operating costs exceeded revenue by $14.5M, an operating margin of -43.4%. Operating expenses fell 75% while revenue fell 43%. The quarter ended with a net loss of $8.2M, wider than the previous quarter's $2.1M loss. Non-operating items added $7.4M, -103% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$1.2M. Non-cash charges added back $6.9M of depreciation and amortization. Working capital and other items added $166K. Capital expenditures of $12.7M exceeded it, leaving free cash flow of −$14.0M.
Questions
What was McEwen's revenue in the fourth quarter 2024?
McEwen (MUX) reported revenue of $33.5M for the fourth quarter 2024 (Q4 2024), -43% from a year earlier and -36% from the quarter before.
Was McEwen profitable in the fourth quarter 2024?
Operating loss was $14.5M (-43.4% of revenue) and net loss $8.2M.
Source: McEwen 10-K on SEC EDGAR.