McEwen Inc. (MUX) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

Medium Risk
Moderate dilution risk
Last updated: May 06, 2026

Risk Assessment Details

Potential Dilution: 0.0% of current shares
Recent Dilution: 19.81% (2 years)
Historical Dilution Factor: moderate recent dilution
Outstanding Shares
59M
Potential Supply
0
Additional shares possible
Splits
None
Past 2 years

Summary

MUX currently has 58.9M outstanding shares. with minimal authorized share overhang for future dilution. The company has diluted shareholders by 19.81% over the past 2 years through share issuances.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
May 06, 2026

10-Q filing | 58.9M shares outstanding

59M 0
Nov 05, 2025

10-Q filing | 54.2M shares outstanding

54M 0
Aug 06, 2025

10-Q filing | 54.0M shares outstanding

54M 0
May 07, 2025

10-Q filing | 53.3M shares outstanding

53M 0
Mar 14, 2025

10-K filing | 51.0M shares outstanding

51M 0
Feb 11, 2025

8-K filing: McEwen Mining Inc. issued $110 million in convertible senior notes and entered into capped call transactions to reduce potential dilution upon conversion of the notes.

52M 0
Feb 03, 2025

8-K filing: McEwen Mining Inc. agreed to issue 868,056 shares of its common stock to Goliath Resources Limited in exchange for Goliath shares and warrants.

52M 0
Nov 05, 2024

10-Q filing | 52.0M shares outstanding

52M 0
Aug 07, 2024

10-Q filing | 49.7M shares outstanding

50M 0
Jul 18, 2024

8-K filing: McEwen Mining Inc., through its subsidiary Minera Andes Inc., and Evanachan Limited consummated investments in McEwen Copper, purchasing 466,667 and 166,666 common shares, respectively, at $30.00 per share. ($19.0M proceeds)

49M 0
Jun 27, 2024

8-K filing: On June 24, 2024, the Company announced a non-brokered private placement financing of up to 2,333,333 common shares of McEwen Copper Inc. at a subscription price of US$30.00 per common share, for gross proceeds of up to US$70 million. ($70.0M proceeds)

49M 0
Jun 14, 2024

8-K filing: McEwen Mining Inc. entered into definitive agreements for the purchase and sale of 1,533,000 shares of common stock, closing on June 14, 2024, with proceeds to the Company after deducting placement fees of approximately $20.8 million. ($20.8M proceeds)

49M 0
May 31, 2024

8-K filing: McEwen Mining Inc. entered into a placement agency agreement for the issuance and sale of 1,533,000 shares of common stock.

49M 0
May 08, 2024

10-Q filing | 49.4M shares outstanding

49M 0
Mar 15, 2024

10-K filing | 47.5M shares outstanding

48M 0
Dec 15, 2023

8-K filing: McEwen Mining Inc. completed a private placement of 1,903,000 shares of its common stock, receiving gross proceeds of approximately $16.1 million before deducting discounts, commissions, and other offering expenses. ($16.1M proceeds)

47M 0
Dec 11, 2023

S-3/A filing: This is an S-3/A filing by McEwen Mining Inc. for a shelf offering of up to $200,000,000 of debt securities, common stock, warrants, subscription rights, subscription receipts and units.

47M 0
Nov 08, 2023

10-Q filing | 47.5M shares outstanding

47M 0
Nov 06, 2023

S-3 filing: McEwen Mining Inc. files an S-3 to register the offering of up to $200,000,000 in various securities, including debt securities, common stock, warrants, subscription rights, subscription receipts and units.

47M 0
Oct 24, 2023

8-K filing: McEwen Copper sold 152,615 shares of its common stock to Nuton for approximately $4 million in proceeds, and McEwen Mining sold 232,000 shares of McEwen Copper common stock to Nuton for approximately $6 million. ($10.0M proceeds)

47M 0
Oct 16, 2023

8-K filing: McEwen Copper Inc., a subsidiary of McEwen Mining Inc., completed agreements for the sale of common stock to Stellantis and Nuton LLC, with Stellantis purchasing 1,900,000 shares for gross proceeds of $119,976,004.80 and Nuton purchasing 152,615 shares for $4 million, along with a secondary sale of 232,000 shares from McEwen Mining to Nuton for $6 million. ($129.98M proceeds)

47M 0
Aug 09, 2023

10-Q filing | 47.4M shares outstanding

47M 0
May 08, 2023

10-Q filing | 47.4M shares outstanding

47M 0
Mar 14, 2023

10-K filing | 47.4M shares outstanding

47M 0
Mar 01, 2023

8-K filing: McEwen Mining Inc. subsidiary, McEwen Copper Inc., completed private placements of its common stock to Stellantis and Nuton LLC for a total of $185,385,000. ($185.39M proceeds)

51M 0
Nov 04, 2022

10-Q filing | 50.8M shares outstanding

51M 0
Sep 06, 2022

8-K filing: McEwen Copper Inc., a subsidiary of McEwen Mining Inc., consummated subscription agreements for the sale of 2,685,000 shares of McEwen Copper common stock for $26,850,000 in gross proceeds to a group of investors, marking the final closing of a private placement initiated in August 2021, with Nuton LLC acquiring an approximate 9.73% interest in McEwen Copper. ($26.85M proceeds)

47M 0
Aug 10, 2022

10-Q filing | 47.4M shares outstanding

47M 0
Jul 27, 2022
Stock Split

8-K filing: Stock split 1-for-10 | Outstanding: 464,021,000 → 46,402,100

46M 0
Jun 23, 2022

8-K filing: McEwen Copper, a subsidiary of McEwen Mining Inc., sold 1,500,000 shares of common stock in a private placement for gross proceeds of $15,000,000. ($15.0M proceeds)

460M 0
May 10, 2022

10-Q filing | 464.0M shares outstanding

460M 0
Mar 07, 2022

10-K filing | 454.9M shares outstanding

450M 0
Mar 03, 2022

8-K filing: McEwen Mining Inc. completed a private placement offering of 14,500,000 shares of its common stock at a gross proceeds of approximately $15 million. ($15.0M proceeds)

460M 0
Nov 03, 2021

10-Q filing | 459.2M shares outstanding

460M 0
Aug 25, 2021

8-K filing: McEwen Copper Inc., a subsidiary of McEwen Mining Inc., sold 4,000,000 common shares to Evanachan Limited at $10 per share as part of a private placement. ($40.0M proceeds)

460M 0
Aug 04, 2021

10-Q filing | 459.2M shares outstanding

460M 0
May 07, 2021

10-Q filing | 459.2M shares outstanding

460M 0
Mar 10, 2021

10-K filing | 403.5M shares outstanding

400M 0
Feb 09, 2021

8-K filing: McEwen Mining Inc. completed an offering of 30,000,000 shares of common stock at $1.05 per share, resulting in gross proceeds of $31.5 million. ($31.5M proceeds)

410M 0
Dec 31, 2020

8-K filing: McEwen Mining Inc. closed a non-brokered private placement of 7,669,900 shares of common stock, receiving gross proceeds of approximately $9.8 million. ($9.8M proceeds)

410M 0
Oct 29, 2020

10-Q filing | 408.8M shares outstanding

410M 0
Aug 06, 2020

10-Q filing | 402.5M shares outstanding

400M 0
Jun 29, 2020

8-K filing: McEwen Mining Inc. entered into an Amended and Restated Credit Agreement with Sprott Private Resource Lending II (Collector), LP and Evanachan Limited, refinancing the previous credit facility and issuing 2,091,700 shares of its common stock to the lenders as additional consideration. ($1.88M proceeds)

400M 0
May 18, 2020

10-Q filing | 400.4M shares outstanding

400M 0
Mar 16, 2020

10-K filing | 361.8M shares outstanding

360M 0
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