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Note 6 - Investments in Juanicipio - Investment Relating to Interests in Juancipio Property and Minera Juancipio (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Statement Line Items [Line Items]    
Joint venture oversight expenditures incurred 100% by MAG $ 568 $ 345
Interest earned on advance to Minera Juanicipio (1) (637) (2,627)
Cash contributions to Minera Juanicipio [1] 63,712 53,200
Total for the year 63,713 53,545
Equity pick up of current income (loss) for the year [2] 2,214 1,884
Balance, beginning of year 136,643 81,214
Balance, end of year 202,570 136,643
Minera Juanicipio, S.A. de C.V. [member]    
Statement Line Items [Line Items]    
Interest earned on advance to Minera Juanicipio (1) [1] (567)
Cash contributions to Minera Juanicipio $ 63,712  
[1] During the year, Fresnillo and the Company advanced $144,800 as shareholder loans (MAG's 44% share $63,712) to Minera Juanicipio, bearing interest at Libor + 2%. The interest accrued within Minera Juanicipio was capitalized to 'Mineral Interests, plant and equipment' and the interest recorded by the Company on the loan totaling $567 has therefore been credited to the Investment in Juanicipio account as an eliminating related party entry (see Note 14).
[2] Represents the Company's 44% share of Minera Juanicipio's net income for the year, as determined by the Company.