INVESTMENT IN MINERA SANTA CRUZ S.A. ("MSC") - SAN JOSE MINE (Tables)

12 Months Ended

Dec. 31, 2016

INVESTMENT IN MINERA SANTA CRUZ S.A. (“MSC”) - SAN JOSE MINE

Schedule of change in the entity's investment in MSC

	Year ended December 31, 2016		Year ended December 31, 2015
Investment in MSC, beginning of the period	$	167,107	$	177,018
Attributable net income (loss) from MSC		15,961		(2,859)
Amortization of fair value increments		(12,274)		(10,669)
Income tax benefit		9,264		15,942
Dividend distribution received		(17,738)		(548)
Impairment of investment in MSC		—		(11,777)
Investment in MSC, end of the period	$	162,320	$	167,107

Summary of MSC's financial information from operations

	Year ended December 31,
	2016		2015		2014
Minera Santa Cruz S.A. (100% basis)
Net Sales	$	235,961	$	186,095	$	213,013
Production costs applicable to sales		(173,679)		(158,615)		(173,274)
Net income (loss)		31,976		(5,835)		(5,300)
Portion attributable to McEwen Mining Inc. (49% basis)
Net income (loss)	$	15,961	$	(2,859)	$	(2,597)
Amortization of fair value increments		(12,274)		(10,669)		(13,190)
Income tax benefit		9,264		15,942		10,503
Income (loss) from investment in MSC, net of amortization	$	12,951	$	2,414	$	(5,284)