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

6 Months Ended

Jun. 30, 2017

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

Schedule of change in the entity's investment in MSC

	June 30, 2017		December 31, 2016
Investment in MSC, beginning of the period	$	162,320	$	167,107
Attributable net income from MSC		1,594		15,961
Amortization of fair value increments		(4,497)		(12,274)
Income tax recovery		2,830		9,264
Dividend distribution received		(4,927)		(17,738)
Investment in MSC, end of the period	$	157,320	$	162,320

Summary of MSC's financial information from operations

	Three months ended  June 30,				Six months ended June 30,
	2017		2016		2017		2016
Minera Santa Cruz S.A. (100%)
Net Sales	$	60,835	$	58,581	$	109,178	$	110,653
Production costs applicable to sales		(52,415)		(38,832)		(89,114)		(76,559)
Net (loss) income		(1,126)		10,973		3,255		19,221
Portion attributable to McEwen Mining Inc. (49%)
Net (loss) income	$	(553)	$	5,377	$	1,594	$	9,418
Amortization of fair value increments		(2,428)		(2,774)		(4,497)		(6,456)
Income tax recovery		2,718		1,530		2,830		6,134
(Loss) income from investment in MSC, net of amortization	$	(263)	$	4,133	$	(73)	$	9,096