| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Net income (loss) | 33,379 | 38,126 | -462 | -3,230 |
| Foreign exchange (gain) loss | NaN | 131 | -8 | 112 |
| Change in flow through premium liability | NaN | NaN | NaN | -3,340 |
| Loss from investment in mcewen copper inc. (note 9) | NaN | 5,716 | 4,275 | 15,556 |
| (income) loss from equity method investments (note 9) | 30,338 | NaN | NaN | NaN |
| Stock-based compensation | NaN | 1,489 | 844 | 1,380 |
| Income from investment in minera santa cruz s.a. (note 9) | NaN | -33,550 | -3,469 | -4,106 |
| Dividends received from minera santa cruz s.a. (note 9) | 8,835 | NaN | NaN | NaN |
| Non-cash interest expense | NaN | NaN | 381 | 528 |
| Depreciation, amortization and depletion | 7,077 | 7,182 | 7,643 | 13,024 |
| Loss (gain) on marketable securities (note 5) | -5,189 | -1,681 | 8,077 | 6,453 |
| Reclamation accretion and adjustments to estimate | 364 | 982 | 430 | 2,449 |
| Dilution gain from investments in mcewen copper inc. (note 9) | NaN | 789 | NaN | NaN |
| Deferred income and mining tax (recovery) expense (note 17) | 140 | -14,545 | -2,096 | -5,650 |
| Amortization of debt issuance costs | NaN | 697 | NaN | NaN |
| Flow-through premium amortization (note 12) | -812 | -5,649 | NaN | NaN |
| Other | -2,509 | -437 | NaN | NaN |
| Change in inventories | 7,095 | -229 | 5,960 | 13,170 |
| Change in deferred revenue | NaN | NaN | 9,349 | -3,544 |
| Change in other assets related to operations | 1,036 | 1,898 | -938 | 1,117 |
| Change in accounts payable and accrued liabilities | 171 | 5,238 | 2,321 | 5,457 |
| Change in contract liability | -5,712 | 4,005 | NaN | NaN |
| Change in other liabilities related to operations | -568 | 598 | -4,250 | 874 |
| Cash provided by (used in) operating activities | 12,103 | 3,104 | 5,215 | -1,454 |
| Advances to related parties - mcewen copper inc. (note 14) | NaN | 0 | 0 | 5,056 |
| Proceeds from sale of marketable securities | NaN | 1,377 | 29 | 168 |
| Investment in marketable securities (note 5) | NaN | 0 | 157 | 1,997 |
| Dividends received from minera santa cruz s.a. (note 9) | NaN | 0 | 0 | 2,246 |
| Additions to mineral property interests and plant and equipment | 14,551 | 9,627 | 10,829 | 24,183 |
| Loan receivable from mcewen copper inc. (note 14) | 7,500 | NaN | NaN | NaN |
| Other | 1,013 | NaN | NaN | NaN |
| Cash used in investing activities | -21,038 | -8,250 | -10,957 | -28,822 |
| Proceeds from senior convertible notes (note 10) | NaN | 0 | 0 | 110,000 |
| Purchase of capped call options (note 10) | NaN | 0 | 0 | 15,114 |
| Convertible notes financing costs (note 10) | NaN | 0 | 0 | 4,123 |
| Principal repayment on long-term debt (note 11) | NaN | 0 | 0 | 20,000 |
| Issuance of flow-through common shares, net of issuance costs (note 12) | 14,831 | 4,868 | NaN | NaN |
| Proceeds from exercise of stock options | NaN | 340 | 3,198 | NaN |
| Proceeds from exercise of warrants | NaN | 105 | 505 | NaN |
| Payment of finance lease obligations | 296 | 288 | 252 | 513 |
| Cash provided by financing activities | 14,535 | 5,025 | 3,451 | 70,250 |
| Effect of exchange rate change on cash and cash equivalents | 52 | 131 | -8 | 112 |
| Increase in cash, cash equivalents and restricted cash | 5,652 | 10 | -2,299 | 40,086 |
| Cash, cash equivalents and restricted cash, beginning of period | 55,261 | 55,251 | 17,464 | NaN |
| Cash, cash equivalents and restricted cash, end of period | 60,913 | 55,261 | 55,251 | NaN |
McEwen Inc. (MUX)
McEwen Inc. (MUX)