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

3 Months Ended

Mar. 31, 2017

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

Schedule of change in the entity's investment in MSC

	March 31, 2017		December 31, 2016
Investment in MSC, beginning of the period	$	162,320	$	167,107
Attributable net income (loss) from MSC		2,147		15,961
Amortization of fair value increments		(2,069)		(12,274)
Income tax recovery		112		9,264
Dividend distribution received		(2,525)		(17,738)
Investment in MSC, end of the period	$	159,985	$	162,320

Summary of MSC's financial information from operations

	Three months ended  March 31,
	2017		2016
Minera Santa Cruz S.A. (100%)
Net Sales	$	48,343	$	52,072
Production costs applicable to sales		(36,699)		(37,727)
Net income		4,381		8,728
Portion attributable to McEwen Mining Inc. (49%)
Net income	$	2,147	$	4,042
Amortization of fair value increments		(2,069)		(3,682)
Income tax recovery		112		4,603
Income from investment in MSC, net of amortization	$	190	$	4,963