McEwen Mining (LTS:0JZT) Cash And Cash Equivalents : $29.2 Mil (As of Sep. 2024)

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What is McEwen Mining Cash And Cash Equivalents?

McEwen Mining's quarterly cash and cash equivalents increased from Mar. 2024 ($21.99 Mil) to Jun. 2024 ($40.69 Mil) but then stayed the same from Jun. 2024 ($40.69 Mil) to Sep. 2024 ($29.23 Mil).

McEwen Mining's annual cash and cash equivalents declined from Dec. 2021 ($54.29 Mil) to Dec. 2022 ($39.78 Mil) and declined from Dec. 2022 ($39.78 Mil) to Dec. 2023 ($23.02 Mil).

McEwen Mining Cash And Cash Equivalents Historical Data

The historical data trend for McEwen Mining's Cash And Cash Equivalents can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

McEwen Mining Cash And Cash Equivalents Chart

McEwen Mining Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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46.45

20.84

54.29

39.78

23.02

McEwen Mining Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Cash And Cash Equivalents	Get a 7-Day Free Trial															49.12	23.02	21.99	40.69	29.23

McEwen Mining Cash And Cash Equivalents Calculation

Cash and cash equivalents are the most liquid assets on the balance sheet. Cash equivalents are assets that are readily convertible into cash, such as money market holdings, short-term government bonds or Treasury bills, marketable securities and commercial paper.

McEwen Mining (LTS:0JZT) Cash And Cash Equivalents Explanation

A high number means either:

1) The company has competitive advantage generating lots of cash

2) Just sold a business or bonds (not necessarily good)

A low stockpile of cash usually means poor to mediocre economics.

There are 3 ways to create large cash reserve.

1) Sell new bonds or equity to public

2) Sell business or asset

3) It has an ongoing business generating more cash than it burns (usually means durable competitive advantage)

When a company is suffering a short term problem, Buffett looks at cash or marketable securities to see whether it has the financial strength to ride it out.

Important: Lots of cash and marketable securities + little debt = good chance that the business will sail on through tough times.

Test to see what is creating cash by looking at past 7 yrs of balance sheets. This will reveal how the cash was created.

Be Aware

Depreciation estimates make the calculation of net income susceptible to management's accounting choices. These choices can be either overly aggressive or overly conservative.

McEwen Mining Cash And Cash Equivalents Related Terms

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McEwen Mining Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » McEwen Mining Inc (LTS:0JZT) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

MUX:USA 1MUX:Italy US8:Germany US8:Germany MUX:Canada MUX:Austria

Address

150 King Street West, Suite 2800, Toronto, ON, CAN, M5H 1J9

Website

https://www.mcewenmining.com

McEwen Mining Inc is a mining and minerals production and exploration company focused on precious and base minerals in Argentina, Mexico, and the United States. The company's overall revenue is principally derived from the production of gold and silver. The company owns and operates the wholly-owned El Gallo 1 mine in Mexico, and has a minority shareholding in the company that operates the San Jose mine in Argentina. More than half the company's gold output is produced by the El Gallo 1 mine. The remaining gold production, and the majority of silver production, is produced by the San Jose mine. Geographically, the majority is from Canada.

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