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

9 Months Ended

Sep. 30, 2017

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

Schedule of change in the entity's investment in MSC

	September 30, 2017		December 31, 2016
Investment in MSC, beginning of the period	$	162,320	$	167,107
Attributable net income from MSC		1,941		15,961
Amortization of fair value increments		(6,967)		(12,274)
Income tax recovery		4,491		9,264
Dividend distribution received		(7,195)		(17,738)
Investment in MSC, end of the period	$	154,590	$	162,320

Summary of MSC's financial information from operations

	Three months ended  September 30,				Nine months ended September 30,
	2017		2016		2017		2016
Minera Santa Cruz S.A. (100%)
Net Sales	$	52,722	$	72,116	$	161,900	$	182,769
Production costs applicable to sales		(43,596)		(49,345)		(132,710)		(125,904)
Net income		707		12,072		3,962		31,293
Portion attributable to McEwen Mining Inc. (49%)
Net (loss) income	$	346	$	5,916	$	1,941	$	15,334
Amortization of fair value increments		(2,469)		(2,914)		(6,967)		(9,370)
Income tax recovery		1,661		1,691		4,491		7,825
(Loss) income from investment in MSC, net of amortization	$	(462)	$	4,693	$	(535)	$	13,789